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Reduced $35,100 (4%) from $875,000
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437 Magnolia Way SE
Beds
4
Baths
4 full + 1 half
Sqft
2,152
Year
2024
Type
Single Family
On market
18d
Skip the builder's wait time and buy this CUSTOM BUILT home in the desirable community of MAHOGANY that was extended 3ft in the build stage! Located on a large corner lot, kitty corner to a green space surrounded by upgraded show homes, this location is far from ordinary. Heading inside you're welcomed with a formal entry, a main floor office/den/bedroom, a half bathroom and access to your EXTENDED, OVERSIZED garage! Walking into the main living space you'll appreciate the NW exposure with extra windows due to the corner lot. The chef inspired kitchen has loads of cabinets and upgraded stainless steel appliances including a gas range. The main living space also holds a dining room with sliding doors to the backyard, a walk through pantry leading to the mudroom and 9ft ceilings throughout. Heading upstairs you'll love the WEST facing windows that line the stairwell which also flood the bonus room with natural light. On the left side, you have two generous secondary bedrooms and a 4 piece bathroom. Heading into the primary suite you're spoiled with a large room fit for a king bed, a beautiful five-piece ensuite with heated floors, and a walk-in closet with direct access to the upgraded laundry room. The lower level is fully finished with a large recreation room, a wet bar with a bar fridge and dishwasher, your 4th bedroom, a four-piece bathroom and your mechanical/storage room. Upgrades throughout include window coverings, quartz countertops, an extended garage (width and length). This home is on one of the largest lots in the new area and is in a prime location with a $1,200 landscaping credit for the buyer. With friendly neighbors and lake access, this is the perfect place to call home. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.25 Ft x 4.92 Ft | |
| Other | 4.83 Ft x 7.67 Ft | |
| Bedroom | 14.50 Ft x 11.50 Ft | |
| Recreational, Games room | 30.42 Ft x 12.25 Ft | |
| Storage | 9.42 Ft x 15.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.75 Ft x 6.08 Ft | |
| Dining room | 13.25 Ft x 10.08 Ft | |
| Kitchen | 9.92 Ft x 12.42 Ft | |
| Living room | 15.25 Ft x 12.92 Ft | |
| Office | 10.00 Ft x 12.58 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 10.92 Ft x 6.08 Ft | |
| 5pc Bathroom | 20.17 Ft x 6.08 Ft | |
| Bedroom | 13.08 Ft x 9.58 Ft | |
| Bedroom | 13.25 Ft x 9.58 Ft | |
| Bonus Room | 17.25 Ft x 12.33 Ft | |
| Laundry room | 6.33 Ft x 8.33 Ft | |
| Primary Bedroom | 18.67 Ft x 12.17 Ft | |
| Other | 9.33 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
-0.87%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,178
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.
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.