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Reduced $49,900 (3%) from $1,499,900
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151 Mahogany Bay SE
Beds
4
Baths
4 full + 1 half
Sqft
3,261
Year
2012
Type
Single Family
On market
48d
Welcome to one of Mahogany’s most prestigious addresses, ideally situated within the exclusive Estate area of Mahogany Waters. Set on a quiet cul-de-sac and positioned on a large, private pie-shaped lot, this exceptional residence offers a rare blend of luxury and location. Just two doors from the lake, enjoy semi-private lake access to West Beach via a convenient backyard pathway—placing year-round recreation including swimming, paddle boarding, skating, fishing, beach bbqs, and scenic lakeside walks only moments from your door.This fully finished WALKOUT two-storey estate home offers 3,260 sq.ft. above grade, complemented by a beautifully developed basement and a TRIPLE ATTACHED GARAGE. Designed to impress, the main level showcases expansive principal rooms, soaring ceilings, and refined finishes throughout. Stunning large-format tile spans the main floor, while a dramatic two-storey, double-sided fireplace creates a striking architectural focal point—elegantly separating the living room from the kitchen and dining nook while adding warmth and ambiance to both spaces.At the heart of the home, the chef-inspired kitchen is outfitted with premium appliances, including a gas cooktop and double wall ovens, along with abundant cabinetry and thoughtful design for both everyday living and entertaining. Seamless access to the rear deck enhances the indoor-outdoor lifestyle.Upstairs, the layout is equally impressive and family-focused, featuring a blend of tile and hardwood flooring throughout the upper-level living spaces, newly installed carpet in the secondary bedrooms, a convenient upper laundry room, and a versatile loft with a cozy sitting nook—perfect for relaxing or gathering. The primary suite is a true retreat, offering generous proportions, a spa-inspired ensuite, and a large walk-in closet.The fully finished basement continues the home’s elevated finish with hardwood flooring throughout, adding warmth and continuity to the expansive recreation room, fourth b edroom, full bathroom, private office or flex space, and extensive storage—ideal for guests, teens, or work-from-home needs.Outside, the landscaped backyard is designed for both relaxation and entertaining, offering multiple outdoor living spaces, gas BBQ hookups, irrigation, and ample room for children and pets to play—all within the privacy of this expansive pie lot.Set within Calgary’s premier four-season lake community, residents of Mahogany enjoy exclusive access to two private beaches, a 63-acre freshwater lake, parks, schools, shopping, and dining. And don't miss the stunning natural wetlands and pathways in Mahogany...This is a rare opportunity to own a home where luxury finishes, thoughtful design, and an unbeatable beachside location come together seamlessly. Stunning lake living homes like this one are a rare find so done wait long. Your summer time at the beach is calling! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.92 Ft x 5.08 Ft | |
| Bedroom | 12.67 Ft x 11.00 Ft | |
| Office | 13.42 Ft x 13.00 Ft | |
| Recreational, Games room | 29.17 Ft x 30.33 Ft | |
| Storage | 8.00 Ft x 11.33 Ft | |
| Furnace | 14.17 Ft x 22.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 9.08 Ft x 7.33 Ft | |
| Breakfast | 14.33 Ft x 8.42 Ft | |
| Dining room | 14.83 Ft x 21.25 Ft | |
| Foyer | 13.67 Ft x 11.67 Ft | |
| Kitchen | 9.58 Ft x 17.75 Ft | |
| Living room | 14.33 Ft x 20.58 Ft | |
| Other | 10.17 Ft x 13.83 Ft | |
| Office | 9.08 Ft x 13.58 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.08 Ft x 8.25 Ft | |
| 5pc Bathroom | 16.83 Ft x 11.67 Ft | |
| Bedroom | 11.83 Ft x 11.58 Ft | |
| Bedroom | 10.08 Ft x 11.58 Ft | |
| Bonus Room | 9.50 Ft x 7.33 Ft | |
| Family room | 16.58 Ft x 18.92 Ft | |
| Laundry room | 9.17 Ft x 9.58 Ft | |
| Primary Bedroom | 19.58 Ft x 15.50 Ft | |
| Other | 8.67 Ft x 7.92 Ft | |
| Other | 7.58 Ft x 6.58 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).
Cash on cash
-0.70%
Cap rate
4.72%
GRM
13.9
Break-even rent
$8,879
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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 2, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.