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Reduced $15,100 (2%) from $725,000
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261 Masters Road SE
Beds
4
Baths
4 full + 1 half
Sqft
1,657
Year
2020
Type
Single Family
On market
56d
Set within the lake community of Mahogany, this upgraded Jayman Sonata 20 model stands out for the level of thought and investment throughout. Each upgrade was chosen with purpose, focused on practical improvements, quality finishes, and the kind of details that add up to a home that simply works and flows better day-to-day. The kind of home that you would intentionally craft if given the opportunity to choose all of your desired improvements. The main level is open and architectural, shaped by elevated ceiling height and uninterrupted sight-lines. The entrance is defined by a strong focal point on the living room fireplace, finished in upgraded stone and carried vertically to the ceiling, reinforcing scale and balance within the space. The kitchen has been thoughtfully upgraded beyond builder standard, featuring an added pantry, a central oversized island in place of the standard peninsula, upgraded quartz countertops, and full-height tile backsplash for a more finished look. A gas range offers everyday functionality, while two-tone, soft-close cabinetry adds subtle contrast and keeps the palette refined. Upstairs, the primary suite is both spacious and practical, with an oversized walk-in closet and a private ensuite featuring a tiled walk-in shower. A walk-through laundry connection and thoughtfully expanded closet layout are part of a series of carefully selected builder enhancements that improve daily convenience and flow. Two additional bedrooms and a family bath provide flexibility for family life, work, or retreat. The builder-developed basement is elevated by an extra-depth foundation, creating a noticeably higher ceiling in the media room, an uncommon advantage that shifts the space from basement to destination. A built-in wet bar adds functionality for entertaining, while a fourth bedroom and full bathroom complete a lower level designed for independent use. System upgrades are integrated rather than showcased, including solar panels, air conditioning, ho t water on demand, smart home technology, and Hardie board siding on both the house and garage. Exterior Gemstone lighting adds durability and year-round convenience rather than seasonal novelty. The sunny south-facing yard extends the living experience and features professional landscaping, an oversized deck, and a beautiful two-tone custom patio. The detached double garage is fully insulated and drywalled, and is future-ready, wired for 240V EV charging. Mahogany provides the backdrop to this home’s beautiful design, an established lake community built around pathways, parks, wetlands, and a year-round lake-focused lifestyle that prioritizes outdoor connection, recreation, and everyday convenience. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.92 Ft x 5.58 Ft | |
| Other | 5.00 Ft x 8.08 Ft | |
| Bedroom | 12.00 Ft x 11.50 Ft | |
| Family room | 13.50 Ft x 17.83 Ft | |
| Furnace | 8.67 Ft x 9.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.92 Ft x 4.75 Ft | |
| Dining room | 10.08 Ft x 15.00 Ft | |
| Kitchen | 13.58 Ft x 14.92 Ft | |
| Living room | 17.50 Ft x 13.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.50 Ft x 5.00 Ft | |
| 4pc Bathroom | 8.50 Ft x 4.92 Ft | |
| Bedroom | 13.33 Ft x 9.25 Ft | |
| Bedroom | 11.33 Ft x 9.42 Ft | |
| Laundry room | 6.33 Ft x 5.92 Ft | |
| Primary Bedroom | 12.50 Ft x 13.67 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
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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).
Cash on cash
-1.12%
Cap rate
4.64%
GRM
13.9
Break-even rent
$4,390
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.
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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.
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.