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195 Magnolia Terrace SE
Beds
4
Baths
4 full + 1 half
Sqft
1,457
Year
2022
Type
Single Family
On market
12d
Welcome to this beautifully maintained, like-new home in the highly sought-after lake community of Mahogany—where modern design, everyday comfort, and exceptional functionality come together seamlessly. From the charming brick-accented exterior to the bright and contemporary interior, this home immediately impresses with its warmth and curb appeal. The main level features 9-foot ceilings, abundant natural light, and durable luxury vinyl plank flooring throughout, creating an inviting and airy atmosphere. Designed for both everyday living and entertaining, the open-concept layout offers a spacious living room, a dedicated dining area, and a beautifully appointed kitchen at the heart of the home. The kitchen features quartz countertops, stainless steel appliances, pot lighting, ample cabinetry, and a large central island with breakfast bar seating—perfect for gathering with family and friends.Upstairs, you’ll find three generously sized bedrooms, two full bathrooms, and the convenience of an upper-floor laundry room with upgraded washer and dryer. The primary serves as a relaxing retreat, complete with a walk-in closet and a stylish ensuite featuring a fully tiled glass shower. Adding incredible value and flexibility, this property also includes a fully legal 1-bedroom basement legal suite with its own bathroom—ideal for generating rental income, helping offset your mortgage, or accommodating extended family.Step outside to enjoy the spacious rear deck, perfect for summer BBQs and outdoor entertaining, overlooking the sunny south-facing backyard with room for two vehicles or the future possibility of building a garage. Living in Mahogany means access to one of Calgary’s premier lake communities, featuring 63 acres of lake and beach access, scenic pathways, playgrounds, picnic areas, sports courts, splash parks, skating, fitness spaces, and year-round activities for all ages.Conveniently located just minutes from shopping, restaurants, coffee shops, and South Hea lth Campus, this home offers the perfect blend of lifestyle, convenience, and long-term value. An exceptional opportunity to own a move-in-ready home with income potential in one of Calgary’s most desirable lake communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 5.75 Ft x 14.17 Ft | |
| Family room | 9.50 Ft x 10.00 Ft | |
| Bedroom | 8.50 Ft x 10.42 Ft | |
| Laundry room | 3.25 Ft x 3.25 Ft | |
| 4pc Bathroom | 4.92 Ft x 11.92 Ft | |
| Furnace | 7.25 Ft x 9.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 4.58 Ft x 5.00 Ft | |
| Living room | 11.25 Ft x 11.58 Ft | |
| Kitchen | 8.50 Ft x 15.67 Ft | |
| Dining room | 9.17 Ft x 15.67 Ft | |
| Foyer | 7.08 Ft x 8.00 Ft | |
| Other | 4.92 Ft x 5.58 Ft | |
| 2pc Bathroom | 4.92 Ft x 4.92 Ft | |
| Other | 3.33 Ft x 4.33 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Office | 7.00 Ft x 8.00 Ft | |
| Primary Bedroom | 11.25 Ft x 12.00 Ft | |
| Other | 4.58 Ft x 7.67 Ft | |
| 5pc Bathroom | 5.42 Ft x 14.50 Ft | |
| Bedroom | 8.58 Ft x 9.00 Ft | |
| Bedroom | 8.67 Ft x 9.25 Ft | |
| Laundry room | 4.08 Ft x 5.58 Ft | |
| 4pc Bathroom | 4.83 Ft x 8.58 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
-1.25%
Cap rate
4.61%
GRM
13.9
Break-even rent
$3,784
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 5, 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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.