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Reduced $20,000 (3%) from $639,900
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185 Mercado Landing SE
Beds
3
Baths
3 full + 1 half
Sqft
1,720
Year
2026
Type
Single Family
On market
85d
Welcome to the “Edith” by Hopewell Residential, a thoughtfully designed home that blends timeless charm with modern everyday living in the award-winning lake community of Mahogany. With stylish modern curb appeal, functional living spaces, and contemporary finishes throughout, this home offers the perfect balance of comfort, flexibility, and design. Inside, the main floor opens with a bright and inviting front living room, where oversized windows draw in plenty of natural light and create a warm, welcoming atmosphere. At the center of the home, the kitchen and dining area connect seamlessly, creating an ideal layout for entertaining, family dinners, or relaxed day-to-day living. The kitchen brings a fresh, modern look with white lower cabinetry, wood-grain upper cabinets, crisp white quartz countertops, and a classic white subway tile backsplash that wraps the stand-alone hood fan for a clean, stylish finish. Stainless steel appliances complete the space, while luxury vinyl plank flooring throughout the main level adds both durability and warmth. At the rear of the home, the layout becomes especially functional, with both a dedicated mudroom and a separate flex space positioned side by side. The mudroom helps keep daily life organized, while the tucked-away flex room offers incredible versatility for a home office, playroom or hobby room. Its location at the back of the home is especially appealing, giving you a practical multi-use area that stays out of sight from guests and keeps the main living areas feeling polished and uncluttered. Upstairs, the home continues to impress with a family-friendly layout that includes three bedrooms, a central loft, and the convenience of upper-floor laundry. The primary bedroom offers a relaxing retreat with a large walk-in closet and a stylish 4-piece ensuite featuring an oversized walk-in shower. Two additional bedrooms provide plenty of room for a growing family, guests, or workspace needs, while the loft creates the perfect sp ot for a reading nook, homework station, or cozy bonus space. Adding even more value and long-term flexibility, the home features a secondary entrance and 9’ basement ceilings, creating excellent potential for future development. Whether you’re thinking about additional living space, an in-law setup, or the possibility of a basement suite, the layout offers options for the future (secondary suite would be subject to approval and permitting by the city/municipality). The elevated lot placement also creates a sunshine basement, allowing for larger window and more natural light in the lower level. Set on a quiet street in Mahogany, this home offers the chance to enjoy one of Calgary’s most sought-after lifestyle communities. With access to the private lake, beaches, wetlands, pathways, parks, playgrounds, and nearby shopping and dining, Mahogany is a community designed around connection, recreation, and convenience. From summer days at the lake to year-round amenities just minutes from home! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.67 Ft x 11.58 Ft | |
| Dining room | 14.33 Ft x 9.67 Ft | |
| Kitchen | 11.08 Ft x 9.25 Ft | |
| Other | 10.00 Ft x 10.00 Ft | |
| 2pc Bathroom | 4.92 Ft x 5.42 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Loft | 8.92 Ft x 10.50 Ft | |
| Primary Bedroom | 10.58 Ft x 14.00 Ft | |
| 5pc Bathroom | 7.92 Ft x 9.17 Ft | |
| Bedroom | 9.25 Ft x 10.00 Ft | |
| Bedroom | 9.25 Ft x 10.00 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.58 Ft | |
| Laundry room | 5.08 Ft x 6.83 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
-1.09%
Cap rate
4.65%
GRM
13.9
Break-even rent
$3,844
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 3, 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.