We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
123 Masters Rise SE
Swipe through similar matches — tap the heart to save, or open one for the full read.
Beds
3
Baths
3 full + 1 half
Sqft
2,403
Year
2016
Type
Single Family
On market
10d
Welcome to Mahogany, Calgary’s premier lake community, where lakeside living meets modern, eco-friendly design.This beautifully upgraded two-storey residence is ideally located on a quiet, family-friendly street, just steps from neighbourhood parks and within walking distance to the Main Beach Club. Offering a sophisticated blend of style, comfort, and efficiency, this home delivers an exceptional Mahogany lifestyle. The main floor features a bright, open-concept layout with seamless tile and laminate flooring that enhances both durability and design. A striking custom reclaimed wood feature wall adds warmth and character to the living space, while the adjacent dining area provides an elegant setting for entertaining. The chef-inspired kitchen is beautifully appointed with granite countertops, a large central island, gas cooktop, and a new premium stainless-steel smart fridge, dishwasher. Upstairs, discover a private and tranquil retreat. The spacious primary suite showcases vaulted ceilings and a spa-inspired ensuite complete with dual sinks, a deep soaker tub, separate shower, and a custom walk-in closet. Two additional bedrooms, a full four-piece bathroom, a versatile bonus room, and upper-level laundry complete this thoughtfully designed upper floor. This home is engineered for modern living, featuring a fully integrated solar panel system for enhanced energy efficiency, along with central air conditioning, a high-efficiency furnace, and a new 50 gallon hot water tank. The outdoor space is designed for effortless enjoyment, offering a sun-filled south-facing backyard with a spacious deck, custom pergola, and lower patio. Low-maintenance artificial turf in both front and back yards ensures year-round curb appeal with minimal upkeep. The unfinished basement, already roughed-in for plumbing, offers excellent potential for future development tailored to your needs. Residents of Mahogany enjoy exclusive lake access and year-round recreation including beaches, sk ating, fishing, boating, and scenic walking paths. A rare opportunity to own a thoughtfully upgraded home that perfectly balances luxury, efficiency, and vibrant community living. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.92 Ft x 5.00 Ft | |
| Dining room | 10.50 Ft x 11.83 Ft | |
| Foyer | 10.75 Ft x 5.58 Ft | |
| Kitchen | 13.17 Ft x 11.83 Ft | |
| Living room | 15.33 Ft x 13.08 Ft | |
| Other | 7.42 Ft x 7.67 Ft | |
| Office | 7.92 Ft x 4.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.83 Ft x 7.00 Ft | |
| 5pc Bathroom | 14.75 Ft x 10.50 Ft | |
| Bedroom | 14.42 Ft x 14.00 Ft | |
| Bedroom | 14.42 Ft x 12.25 Ft | |
| Family room | 18.92 Ft x 17.83 Ft | |
| Laundry room | 8.00 Ft x 4.92 Ft | |
| Primary Bedroom | 13.92 Ft x 12.33 Ft | |
| Other | 8.33 Ft x 7.75 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 8, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.