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Reduced $29,900 (3%) from $999,900
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21 Masters Place SE
Beds
5
Baths
4 full + 1 half
Sqft
2,890
Year
2016
Type
Single Family
On market
54d
**OPEN HOUSE SUNDAY JUNE 14 @ 1 - 3 PM** HOME SWEET HOME! Welcome to this breathtaking, beautifully upgraded LUXURY FAMILY HOME perfectly located in one of Calgary’s most sought-after and premiere lake community of Mahogany steps from the lake, tranquil greenspace and wetlands. This extremely spacious and immaculately maintained home offers 5 bedrooms with 2 ENSUITES, 3.5 bathrooms, 2,889 SQFT of flawless above grade living space and an open concept floor plan that is perfect for growing and multi-generational families alike. As you step inside the home you well immediately notice the 9ft ceilings and luxurious hardwood flooring throughout. The chef-inspired kitchen is both stylish and functional, complete with quartz countertops, stunning center quartz island, premium stainless steal appliances; including a gas range and a pantry perfect for all your storage needs. As you move into the expansive living room, enjoy the bright natural light flooding the space through large windows and a cozy, gas fireplace for those cold days. One of the standout features of this home is the rare main floor primary retreat, complete with its own private ensuite, ideal for extended family, guests, or convenient single-level living. A versatile flex room on the main floor offers the perfect space for a home office, den, or study. Upstairs, you’ll find a second luxurious primary retreat with a spa-inspired ensuite, large walk-in closet featuring built ins, along with a three additional generously sized bedrooms providing incredible flexibility for families of all sizes. You will also find a large bonus room with a cozy electric fireplace, the perfect entertainment spot for families to come together at the end of a day and convenient upstairs laundry. The unfinished basement offers endless future potential with a full-size footprint with an exceptional layout, ready for your future development ideas—whether that’s additional living space, a home gym, or income potential. For those summe r days, step outside to the south facing backyard to enjoy the fully built rear deck, complete with a BBQ gas line, pergola and hot tub —perfect for summer evenings and entertaining. DREAM LOCATION steps from pathways and wetlands where you can safely walk to amenities including Mahogany’s private lake where you have exclusive access, pathways, parks, schools, restaurants, public transportation and amenities, this home offers not just a place to live, but a lifestyle to love. MUST VIEW! Don’t miss out on lake community living and book your private tour today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 16.58 Ft x 25.50 Ft | |
| Storage | 24.92 Ft x 25.50 Ft | |
| Furnace | 14.75 Ft x 15.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.25 Ft x 4.92 Ft | |
| 3pc Bathroom | 5.42 Ft x 9.92 Ft | |
| Bedroom | 10.08 Ft x 16.42 Ft | |
| Dining room | 11.25 Ft x 12.08 Ft | |
| Foyer | 8.08 Ft x 9.08 Ft | |
| Kitchen | 12.58 Ft x 14.92 Ft | |
| Living room | 13.83 Ft x 14.50 Ft | |
| Office | 8.83 Ft x 9.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 12.83 Ft x 12.58 Ft | |
| 5pc Bathroom | 6.33 Ft x 12.00 Ft | |
| Bedroom | 9.83 Ft x 11.58 Ft | |
| Bedroom | 10.08 Ft x 10.92 Ft | |
| Bedroom | 10.92 Ft x 12.58 Ft | |
| Bonus Room | 13.42 Ft x 20.92 Ft | |
| Laundry room | 6.33 Ft x 8.25 Ft | |
| Primary Bedroom | 17.58 Ft x 17.67 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
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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
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Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
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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).
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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.
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