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.
5 Masters Street SE
Buyer alert automation
Get matching homes sent on your schedule. This uses this home's city, style, bedroom count, and price band as the starting filter.
Choose alert settings, then sign in
Calgary · Single Family · under $675,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
Alert speed
Send by
Watch for
Swipe through similar matches — tap the heart to save, or open one for the full read.
Welcome to this exceptional JAYMAN BUILT home nestled in award-winning Mahogany Lake community, renowned for its stunning natural beauty and exceptional amenities. This beautifully designed two-story residence offers ample space, abundant natural light, and a harmonious blend of modern living and traditional charm.Situated on a corner lot, this home boasts an open-concept layout on the main floor, ideal for contemporary living and entertaining. The spacious living and dining area is complemented by an electric fireplace, while the well-appointed kitchen features a pantry and ample counter space. A rare main-floor bedroom and full bathroom provide flexibility for guests, accommodating multi-generational living or a private home office.Ascending to the upper level, you will discover three generously sized bedrooms, including a spacious primary retreat with a walk-in closet and a luxurious four-piece ensuite bathroom. The upper level also offers two additional bedrooms, a full bathroom, convenient laundry facilities, and an open flex/den area, perfect for a study space or playroom.The unfinished basement holds great potential for future customization, allowing you to design it according to your unique preferences. It also offers a deck and two cars parking at the back and the option for future garage development.Residing in Mahogany Lake means embracing one of Calgary’s most sought-after lake communities, centered around the city’s largest freshwater lake, Mahogany Lake, spanning approximately 64 acres. Residents enjoy year-round recreational opportunities, including swimming, paddle sports, fishing, beach volleyball, skating rinks, and scenic walking and cycling paths.The community hub, Mahogany Beach Club, offers a splash park, picnic and barbecue areas, natural gas fire pits, a fishing dock, and a spacious 21,000 sq ft clubhouse. Nearby, Mahogany Wetlands provide 74 acres of preserved natural habitat and access to over 22 km of walking, jogging, and cycling trails.Conveniently located just minutes from South Health Campus, this home is complemented by excellent nearby schools, including Divine Mercy School and Mahogany School. It delivers the perfect combination of space, lifestyle, and investment potential within one of Calgary’s premier lake communities. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.92 Ft x 9.25 Ft | |
| Bedroom | 9.33 Ft x 11.58 Ft | |
| Dining room | 9.83 Ft x 18.83 Ft | |
| Foyer | 9.17 Ft x 7.08 Ft | |
| Kitchen | 9.67 Ft x 12.58 Ft | |
| Living room | 11.33 Ft x 14.83 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 9.25 Ft | |
| 4pc Bathroom | 4.92 Ft x 9.00 Ft | |
| Bedroom | 13.42 Ft x 9.08 Ft | |
| Bedroom | 12.00 Ft x 9.33 Ft | |
| Office | 4.83 Ft x 5.50 Ft | |
| Primary Bedroom | 14.83 Ft x 12.92 Ft | |
| Other | 5.67 Ft x 9.17 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).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
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 4, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
10.1 km away
straight-line
ND Fresh Meat
240 Midpark Way SE unit 7, Calgary, AB T2X 1N4, Canada
3.7★ · 3 reviews
10.9 km away
straight-line
Ar-Razzaq Halal Meat & Grocery
15219 Bannister Rd SE, Calgary, AB T2X 1Z3, Canada
4.5★ · 85 reviews
11.4 km away
straight-line
2.2 km away
straight-line
2.3 km away
straight-line
3.5 km away
straight-line
1.9 km away
straight-line
3750 46 Ave SE #109, Calgary, AB T2B 0L1, Canada
13.8 km away
straight-line
15.8 km away
straight-line
Mahogany School | Calgary Board of Education
165 Mahogany Blvd SE, Calgary, AB T3M 1N4, Canada
1.4 km away
straight-line
Copperfield School | Calgary Board of Education
54 Copperstone Rd SE, Calgary, AB T2Z 0G7, Canada
2.5 km away
straight-line
St. Isabella Elementary Junior High School
855 Copperfield Blvd SE, Calgary, AB T2Z 4W8, Canada
2.5 km away
straight-line
Future LRT Station
Cm Southeast, 300 Auburn Meadows Common SE, Calgary, AB T3M 3E7, Canada
2.3★ · 3 reviews
2.5 km away
straight-line
McKenzie Towne Terminal SE
Calgary, AB T2Z 1H1, Canada
5.0★ · 2 reviews
4.0 km away
straight-line
Future LRT Station
NB 52 ST SE @ McKenzie Terminal, Calgary, AB T2Z 0S8, Canada
4.0 km away
straight-line