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164 Magnolia Terrace SE
Beds
5
Baths
5 full + 1 half
Sqft
2,848
Year
2022
Type
Single Family
On market
34d
Welcome to this exceptional former show home, offering over 3,560 sq.ft. of beautifully developed living space in one of Calgary’s most sought-after lake communities. Enjoy year-round recreation just minutes from your doorstep — from skating in the winter to swimming, paddle boarding, and fishing in the summer. Designed with both comfort and functionality in mind, the open-concept main floor is perfect for everyday living and entertaining. The chef-inspired kitchen features full-height white cabinetry, soft-close drawers, and a bright stylish tile backsplash. A striking navy island with quartz countertops provides ample prep space, complemented by a gas cook top, built-in wall oven, microwave, and a spacious pantry. The bright dining area seamlessly connects to the backyard deck, while the inviting living room showcases a modern fireplace and abundant natural light. A versatile main-floor flex room offers the perfect space for a home office, formal dining room, or playroom. The mudroom with direct garage access adds everyday convenience for busy families. Upstairs, you’ll find three generously sized bedrooms, including a luxurious primary retreat complete with a walk-in closet and a spa-inspired ensuite featuring dual vanities, a deep soaker tub, and an oversized shower. A 5-piece main bathroom and an upper-level laundry room with additional storage and a bonus room complete this level. The rare third-floor loft is a standout feature, offering incredible flexibility as a guest suite, media room, home office, or private retreat for teens — complete with its own 4-piece bathroom. The fully developed basement expands your living space with impressive 9-foot ceilings, an additional bedroom, a full bathroom, and a spacious recreation area. A custom wet bar with built-in cabinetry makes it ideal for entertaining. The separate side entrance provides excellent flexibility for multi-generational living, a home-based business, or potential suite development (subject to Munic ipality or City approval). Additional highlights include air conditioning units for enhanced comfort and built-in speakers. Ideally situated on a quiet street, just minutes from parks, pathways, and the lake, this home offers the perfect blend of style, space, and location. Don’t miss this rare opportunity to own a truly exceptional family home. Home is under Certified New Home Warranty program. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Furnace | 9.33 Ft x 28.00 Ft | |
| Recreational, Games room | 11.75 Ft x 13.00 Ft | |
| Other | 14.08 Ft x 14.17 Ft | |
| Bedroom | 11.58 Ft x 11.00 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.17 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 4.58 Ft x 10.00 Ft | |
| Other | 6.83 Ft x 6.50 Ft | |
| 2pc Bathroom | 4.58 Ft x 4.67 Ft | |
| Den | 9.75 Ft x 9.42 Ft | |
| Kitchen | 11.08 Ft x 12.00 Ft | |
| Dining room | 12.00 Ft x 9.42 Ft | |
| Living room | 12.83 Ft x 13.33 Ft | |
| Pantry | 5.42 Ft x 3.67 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.67 Ft x 12.92 Ft | |
| Other | 5.50 Ft x 11.08 Ft | |
| 5pc Bathroom | 8.75 Ft x 11.83 Ft | |
| Bonus Room | 13.92 Ft x 14.67 Ft | |
| Laundry room | 6.33 Ft x 10.58 Ft | |
| 5pc Bathroom | 5.92 Ft x 10.33 Ft | |
| Bedroom | 9.75 Ft x 13.50 Ft | |
| Bedroom | 9.83 Ft x 13.42 Ft |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.92 Ft x 12.92 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.33 Ft | |
| Loft | 11.92 Ft x 20.25 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
-0.86%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,997
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 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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