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Reduced $15,000 (2%) from $639,900
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23 Magnolia Street SE
Beds
3
Baths
3 full + 1 half
Sqft
1,686
Year
2026
Type
Single Family
On market
28d
Meet the brand-new “Heath” in Mahogany — a fresh take on a beloved floor plan that blends smart design, stylish finishes, and everyday comfort in one of Calgary’s most sought-after lake communities. Step inside to a bright, open main floor finished with warm luxury vinyl plank and designed for the way families actually live. At the front of the home, an open flex room offers the perfect space for a home office, homework zone, reading area, or additional sitting room. From there, the layout flows beautifully into the rear living space, where an inviting living room and oversized dining area create a comfortable setting for weeknight dinners, weekend hosting, and everything in between. At the heart of the home, the chef-inspired kitchen delivers a clean, on-trend look with two-tone cabinetry featuring wood-grain uppers and crisp white lowers, classic subway tile backsplash, sleek black hardware, and bright quartz countertops. A large central island makes prep, casual meals, and conversation effortless, while the standalone hood fan wrapped in tile adds a polished designer touch. Stainless steel appliances and thoughtful storage complete a kitchen that feels both stylish and highly functional. Upstairs, a centrally located loft creates a true second living space — ideal for movie nights, a play area, or a quiet spot to unwind. The spacious primary retreat features a large walk-in closet and a spa-inspired 4-piece ensuite with dual sinks, white cabinetry, and a clean, timeless finish. Two additional bedrooms are well-sized and share a beautifully appointed 4-piece bathroom, while the upper laundry room keeps daily routines simple and convenient. A side/secondary entrance adds valuable flexibility for future lower-level possibilities, such as a guest space, in-law setup, or private living area, (A secondary suite would be subject to approval and permitting by the city/municipality). Out back, the west-facing yard is a true blank canvas — ready for future landscaping, a d eck, garden beds, play space, or the outdoor retreat you’ve been dreaming of. With afternoon and evening sun, it’s the kind of backyard that’s just waiting for long summer nights, BBQs with friends, and relaxed evenings at home. And then there’s the lifestyle. Mahogany is one of Calgary’s premier four-season lake communities, offering residents access to the lake, beaches, pathways, parks, playgrounds, wetlands, and the incredible Mahogany Beach Club. Whether it’s summer days at the water, winter skating, morning walks through the wetlands, or evenings enjoying the shops, restaurants, and amenities at Westman Village, Mahogany offers a lifestyle that feels connected, active, and complete. With easy access to Seton, the South Health Campus, schools, shopping, restaurants, and major routes, the Heath in Mahogany brings together a beautiful new home and one of Calgary’s most desirable community experiences. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.42 Ft x 11.50 Ft | |
| Dining room | 13.42 Ft x 9.00 Ft | |
| Kitchen | 9.42 Ft x 12.33 Ft | |
| Other | 10.33 Ft x 7.42 Ft | |
| 2pc Bathroom | 5.17 Ft x 4.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 9.25 Ft x 15.58 Ft | |
| Primary Bedroom | 10.67 Ft x 12.00 Ft | |
| 5pc Bathroom | 7.92 Ft x 8.33 Ft | |
| Bedroom | 9.25 Ft x 10.17 Ft | |
| Bedroom | 9.25 Ft x 10.17 Ft | |
| 4pc Bathroom | 7.75 Ft x 5.00 Ft | |
| Laundry room | 5.00 Ft x 7.42 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
-1.13%
Cap rate
4.64%
GRM
13.9
Break-even rent
$3,874
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 3, 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.