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Reduced $10,000 (1%) from $709,800
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163 Magnolia Way SE
Beds
6
Baths
4
Sqft
1,734
Year
2022
Type
Single Family
On market
32d
*LEGAL 2 BEDROOM SUITED PROPERTY* Make your First Visit through the 3D tour. Welcome to 163 Magnolia Way SE, a beautifully designed residence where modern elegance meets functional living. Upon entry, you are greeted by a versatile front room that serves perfectly as either a private home office or an additional bedroom. Close by is a 3 pce bathroom completed with a shower. The heart of the home reveals a stunning chef’s kitchen equipped with quartz countertops and stainless steel appliances, which flows seamlessly into an open-concept dining area and a living room framed by soaring 10-foot ceilings. Upstairs, a flexible bonus room offers a secondary space for relaxation, while the primary suite acts as a sun-drenched sanctuary featuring large windows, a spacious walk-in closet, and a well-appointed ensuite with double undermount sinks. The upper level is completed by two additional bright bedrooms, a full four-piece bathroom, and a convenient laundry room with ample storage. Adding incredible value to this property is a brand-new legal basement suite finished in 2024, which includes a good sized kitchen + living room, laundry area, two bedrooms and a full bathroom, making it ideal for multi-generational living or rental income. The exterior is fully landscaped as well. Complete with a rear parking pad and stylish finishes throughout, this home is ready for its next owners. Book your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Bedroom | 9.33 Ft x 10.92 Ft | |
| Bedroom | 16.92 Ft x 12.00 Ft | |
| Living room | 18.08 Ft x 20.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 8.83 Ft x 9.25 Ft | |
| 3pc Bathroom | — | |
| Living room | 16.17 Ft x 26.25 Ft | |
| Kitchen | 18.42 Ft x 14.17 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.25 Ft x 12.67 Ft | |
| Bedroom | 9.42 Ft x 12.67 Ft | |
| 4pc Bathroom | — | |
| 4pc Bathroom | — | |
| Primary Bedroom | 12.67 Ft x 14.00 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
-1.05%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,329
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
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