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242 Mahogany Place SE
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Beds
4
Baths
4 full + 1 half
Sqft
3,302
Year
2013
Type
Single Family
On market
25d
Welcome to "The Waters" of Mahogany — Where Luxury Meets the Lake.This is one of those rare homes you don't forget. Sitting on a massive pie-shaped lot on a quiet cul-de-sac, backing directly onto greenspace with access to a semi-private dock — this property offers something you simply can't buy: a lifestyle. Over $450,000 in premium upgrades have been invested over the past couple of years, and it shows in every detail.From the moment you step inside, the wainscotting feature wall and hand-scraped hardwood floors set the tone. The front den with glass French doors and in-ceiling speakers is ready for your home office. The living room soars open to above, anchored by a dramatic floor-to-ceiling tile gas fireplace — a stunning focal point in an open, airy space.Natural light floods the dining room through a cantilever window design — a beautiful space to host family and friends through every season.The kitchen is the heart of this home. Creamy white cabinetry with gold bar-pull hardware pops against a dramatic black linear tile backsplash, while glass pendants with brass fixtures cast a warm glow over the space. The appliances match the ambition: Fisher & Paykel double-sized fridge, Viking gas cooktop, KitchenAid built-in oven/microwave combo, Bosch dishwasher, and a bold stainless steel chimney hoodfan anchored by a large island with soft-close cabinets built for both cooking and gathering. A dedicated tech area and walk-in pantry keep the home running smoothly behind the scenes.Step out onto the upper deck — completely transformed with a full Suncoast three-season enclosure, electric screens, blacked-out railing, new pergola, and outdoor speakers. Below, a stamped concrete path leads to a tiered landscaped yard, an extended lower patio, and a brand-new saltwater hot tub with its own 50-amp electrical service — all professionally completed and surrounded by mature new trees, fresh sod, and a fully redesigned irrigation system. The exterior facelift — new paint, garage door, and doors — gives this home serious curb appeal.Upstairs, a central bonus room with iron spindles overlooks the two-storey windows and delivers downtown Calgary views. The primary bedroom is a true retreat: spacious, flooded with light, with views of the city skyline and a five-piece ensuite featuring a centre soaker tub, stand-alone shower, dual sinks, and a storage tower. Two generously sized kids' rooms each have walk-in closets. The kids' five-piece bathroom features dual sinks and heated floors. Laundry is conveniently located on the upper level with direct access to the primary.The fully finished walkout basement adds 1,470 sq ft of living space — a massive rec room roughed in for a bar and projector, two additional bedrooms, and a four-piece bathroom. Step out to the sheltered concrete lower patio for year-round convenience.Additional features include: Kinetico water softener, reverse osmosis system, tankless hot water, new furnace motor, underground sprinklers, security camera. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 4.34 M x 4.38 M | |
| Recreational, Games room | 6.06 M x 10.27 M | |
| Exercise room | 3.96 M x 3.23 M | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 5.00 M x 4.89 M | |
| Dining room | 4.53 M x 3.77 M | |
| Kitchen | 6.16 M x 5.77 M | |
| Office | 3.63 M x 3.05 M | |
| 2pc Bathroom | — |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 7.33 M x 6.84 M | |
| Primary Bedroom | 4.81 M x 5.79 M | |
| Bedroom | 4.63 M x 3.04 M | |
| Bedroom | 4.40 M x 3.04 M | |
| Laundry room | 5.53 M x 2.62 M | |
| 5pc Bathroom | 3.87 M x 4.47 M | |
| 5pc Bathroom | — |
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
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Monthly carrying cost
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Property taxes
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Insurance estimate
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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 May 17, 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.