We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Reduced $15,000 (2%) from $800,000
Swipe through similar matches — tap the heart to save, or open one for the full read.
393 Masters Avenue SE
Beds
4
Baths
4 full + 1 half
Sqft
2,215
Year
2018
Type
Single Family
On market
26d
4 BEDROOMS | 3 1/2 BATHROOMS | 2-STOREY | 2,800 SQFT OF LIVING SPACE | FULLY DEVELOPED BASEMENT | DOUBLE ATTACHED GARAGE | CORNER LOT | WEST FACING BACKYARD | Welcome to this immaculate and well maintained family home in the award-winning lake community of Mahogany, offering over 2,800 sqft of beautifully developed living space with 4 bedrooms and 3.5 bathrooms. Perfectly positioned on a corner lot steps from the main beach club facilities and directly across from a large green space and future approved Grade 7-9 school, this home combines comfort, functionality, and an unbeatable location for family living. Step inside to a bright and spacious main floor featuring an open-concept layout, large rear windows, and an abundance of natural light throughout. The inviting living room is centred around a stunning upgraded gas fireplace feature wall, creating a warm and welcoming atmosphere for relaxing or entertaining. The beautifully appointed kitchen showcases white cabinetry, granite countertops, white tile backsplash, upgraded hood fan, built-in microwave, convenient pantry, and a large island with additional storage and seating. The adjacent dining area seamlessly opens onto the west-facing backyard and patio, perfect for summer BBQs and evenings enjoying the sun. Just off the attached double garage entry, you’ll appreciate the convenient mudroom with built-in shelving and lockers. Additionally, this level includes a 2-piece bathroom, 2 coat closets and a storage area. Upstairs, the spacious bonus room provides the perfect spot for movie nights or a kids’ play area. The primary suite is a true retreat featuring a large walk-in closet and a spa-inspired 5-piece ensuite with dual vanities, oversized shower, and a relaxing soaker tub. Two additional generously sized bedrooms, both with walk-in closets, a full 4-piece bathroom, and upper floor laundry room complete this level. The fully developed basement adds incredible versatility with a large recreation room, fourth be droom, full 4-piece bathroom, and plenty of storage space, making it ideal for guests, teenagers, or family gatherings. You will enjoy the central air conditioning in the summer after your long days at the lake. Enjoy everything Mahogany has to offer including lake access, beaches, parks, pathways, tennis courts, shopping, restaurants, and schools, all just minutes from your door. Perfect as your first home or for a growing family, book your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 17.67 Ft x 15.83 Ft | |
| Bedroom | 10.00 Ft x 13.58 Ft | |
| 4pc Bathroom | 9.92 Ft x 5.00 Ft | |
| Furnace | 13.67 Ft x 21.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 10.00 Ft x 5.25 Ft | |
| Kitchen | 13.42 Ft x 10.08 Ft | |
| Dining room | 10.67 Ft x 13.00 Ft | |
| Living room | 14.08 Ft x 15.08 Ft | |
| 2pc Bathroom | 5.17 Ft x 5.17 Ft | |
| Other | 5.75 Ft x 9.92 Ft | |
| Storage | 4.50 Ft x 4.50 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 12.42 Ft x 12.75 Ft | |
| Primary Bedroom | 23.83 Ft x 18.08 Ft | |
| 5pc Bathroom | 8.00 Ft x 6.17 Ft | |
| Other | 13.67 Ft x 5.08 Ft | |
| Bedroom | 10.50 Ft x 12.75 Ft | |
| Bedroom | 12.58 Ft x 10.00 Ft | |
| 4pc Bathroom | 8.00 Ft x 6.17 Ft | |
| Laundry room | 8.42 Ft x 6.17 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
-1.05%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,845
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 7, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.