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Calgary · Single Family · under $675,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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36 Mercado Road SE
Welcome to this brand-new “Lyall” floor plan, a beautifully designed home that blends modern elegance with thoughtful everyday functionality. From the moment you step inside, you’re welcomed by soaring 10’ ceilings and warm, natural luxury vinyl plank flooring that flows throughout the entire main level. At the front of the home, a versatile flex room offers the perfect space for a home office, reading nook, play area, or homework zone. As you move toward the back of the home, the open-concept layout unfolds into a bright and inviting living space designed for connection. The cozy living room, oversized dining area, and beautifully finished kitchen all work together to create a main floor that feels both stylish and practical. At the heart of the home, the kitchen features timeless white cabinetry, white quartz countertops, stainless steel appliances, a spacious island, and a modern backsplash that wraps the standalone hood fan for a polished, elevated look. It’s a space that feels clean, bright, and ready for everything from busy weekday mornings to relaxed weekend entertaining. Upstairs, a smartly positioned central loft offers a flexible second living space while creating separation between the primary suite and the additional bedrooms. The large primary bedroom is a peaceful retreat, complete with a walk-in closet and a spa-inspired 5-piece ensuite with dual sinks. Two additional bedrooms provide plenty of space for kids, guests, or a growing family, while the full 4-piece bathroom and upper laundry room add everyday convenience. A secondary entrance adds even more future flexibility, offering potential for a guest suite, in-law space, or additional living area(A secondary suite would be subject to approval and permitting by the city/municipality). Out back, the yard is a blank canvas ready for your vision, whether that means a future deck, garden, play space, or the perfect setup for those warm, long summer evenings in Mahogany. Located in the vibrant four-seas on lake community of Mahogany, this home offers more than just a beautiful interior. Residents enjoy access to Calgary’s largest freshwater lake, two private beaches, the Beach Club, tennis courts, skating rinks, fishing spots, playgrounds, and over 22 km of scenic pathways and wetlands. The community also features a bustling Village Market with restaurants, cafés, fitness studios, shopping, and nearby access to the South Health Campus and Seton Urban District. Whether it’s paddleboarding in the summer, skating in the winter, or simply enjoying sunset walks around the wetlands, Mahogany is a lifestyle destination where every day feels like a getaway. This is your chance to experience it all in a brand-new home that truly stands out. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.58 Ft x 10.67 Ft | |
| Dining room | 12.42 Ft x 9.50 Ft | |
| Kitchen | 12.42 Ft x 14.00 Ft | |
| Other | 9.50 Ft x 9.33 Ft | |
| 2pc Bathroom | 5.00 Ft x 5.50 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Loft | 9.25 Ft x 10.17 Ft | |
| Primary Bedroom | 12.33 Ft x 11.67 Ft | |
| 5pc Bathroom | 6.25 Ft x 9.00 Ft | |
| Bedroom | 9.25 Ft x 10.00 Ft | |
| Bedroom | 9.25 Ft x 10.00 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.92 Ft | |
| Laundry room | 5.00 Ft x 6.67 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
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
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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
-1.13%
Cap rate
4.64%
GRM
13.9
Break-even rent
$3,874
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.
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Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 19, 2026.
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Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.