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 $14,100 (2%) from $929,000
Swipe through similar matches — tap the heart to save, or open one for the full read.
46 Mahogany Passage SE
Beds
4
Baths
4 full + 1 half
Sqft
2,461
Year
2014
Type
Single Family
On market
34d
| $15,000 PRICE REDUCED FOR QUICK SALE| LEGAL SUITE WITH SEPRATE ENTRANCE| Excellent opportunity to own a stunning over 3,430 ft total living area including legal secondary suite, home in the highly sought-after lake community of Mahogany, just steps from the water. This beautifully designed home features a spacious great room with a central gas fireplace finished in elegant stone with a mantel, creating a warm and inviting atmosphere. The dining area opens onto a large rear deck, perfect for outdoor entertaining. The chef-inspired kitchen boasts a walk-thru pantry, a central island with a flush eating bar, and highly upgraded stainless steel appliances, including a gas stove, all complemented by 9-foot ceilings and rich hardwood flooring throughout the main floor. A convenient half bath and a well-sized mudroom complete this level. Upstairs, you’ll find a luxurious primary suite with a soaring 10-foot ceiling and a spa-like 5-piece ensuite featuring dual vanities with granite countertops, a soaker tub, and a glass shower, along with a walk-in closet. The upper level also offers a spacious bonus room, two additional large bedrooms, a full 4-piece bathroom, and a laundry room. Adding incredible value, the home includes a legal secondary suite with a separate entrance, offering a bedroom, storage and a 5-piece bathroom, kitchenette, and a large family/rec room—ideal for future rental income. Close to school and school bus stop few steps away from the house. Enjoy all that Mahogany has to offer, including lake and beach access, a water park, and close proximity to major routes, shopping, dining, and the South Health Campus. This is a must-see property! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 9.08 Ft x 5.92 Ft | |
| 2pc Bathroom | 2.83 Ft x 7.58 Ft | |
| Other | 6.50 Ft x 10.42 Ft | |
| Kitchen | 14.00 Ft x 14.67 Ft | |
| Dining room | 8.17 Ft x 12.00 Ft | |
| Living room | 17.50 Ft x 15.17 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.67 Ft x 10.25 Ft | |
| Bedroom | 13.58 Ft x 10.25 Ft | |
| Bonus Room | 14.33 Ft x 20.75 Ft | |
| Primary Bedroom | 20.33 Ft x 19.17 Ft | |
| 5pc Bathroom | 14.50 Ft x 10.17 Ft | |
| Laundry room | 6.92 Ft x 5.33 Ft | |
| 4pc Bathroom | 10.17 Ft x 6.00 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 11.08 Ft x 11.58 Ft | |
| Storage | 9.08 Ft x 6.75 Ft | |
| Recreational, Games room | 16.75 Ft x 26.08 Ft | |
| Other | 11.17 Ft x 12.92 Ft | |
| 5pc Bathroom | 10.67 Ft x 6.67 Ft | |
| Laundry room | 14.58 Ft x 6.42 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
-0.83%
Cap rate
4.70%
GRM
13.9
Break-even rent
$5,633
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.