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Calgary · Single Family · under $975,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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50 Magnolia Gardens SE
Step into the Castella by Hopewell Residential, a thoughtfully designed 3 bedroom home that blends everyday function, timeless finishes, and bright, comfortable living spaces in all the right ways. With vinyl plank flooring throughout the main floor, upgraded black railing, black hardware, and a clean modern palette, this home offers a stylish look without feeling overdone. The main floor is designed for real life, with a versatile front flex room that works beautifully as a home office, reading area, playroom, or homework zone. From there, the home opens into a bright and inviting layout filled with natural light, thanks to added windows in both the lifestyle room and dining area. The south facing backyard brings even more sunshine into the home, creating a warm and welcoming feel throughout the day. At the heart of the home, the upgraded kitchen offers both style and function with classic white cabinetry, grey quartz countertops, vertically stacked hammered subway tile, black hardware, and a standout chimney hood fan wrapped in tile. The appliance package includes a countertop stove, built-in oven, built-in microwave, and a layout designed for everyday convenience. Peninsula seating provides a casual spot for breakfast or conversation, while the separate prep island adds extra workspace and flexibility. The dining area offers plenty of room to gather, while the lifestyle room is bright, open, and comfortable, with added pot lights and extra windows that help make the entire main floor feel airy and inviting. The upgraded railing continues upstairs, adding a polished finish to the home’s overall design. Upstairs, the Castella floor plan continues to impress with a central bonus room that creates separation between the primary suite and the secondary bedrooms. The spacious primary bedroom is complete with a walk-in closet and a well appointed ensuite featuring a centre tub with dual sinks flanking each side, creating a functional and elevated layout with a spa inspi red feel. Two additional bedrooms provide excellent space for kids, guests, or a growing family, while upper floor laundry adds everyday convenience exactly where you need it. Additional features include durable Hardie Board siding, a side entrance, added windows in the unfinished basement, and a sunshine basement that offers excellent potential for future development. The separate side entrance also provides future suite potential (A secondary suite would be subject to approval & permitting by the city/municipality). Located in Mahogany, one of Calgary’s most sought-after lake communities, this home is surrounded by a lifestyle that is hard to match. Residents enjoy access to Mahogany’s 4-season lake, beaches, pathways, parks, playgrounds, wetlands, and vibrant community amenities. With nearby schools, shopping, restaurants, and everyday conveniences, Mahogany offers the perfect blend of outdoor living, family-friendly amenities, and urban convenience. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.00 Ft x 13.08 Ft | |
| Dining room | 10.92 Ft x 14.50 Ft | |
| Kitchen | 10.42 Ft x 14.92 Ft | |
| Other | 10.00 Ft x 11.33 Ft | |
| 2pc Bathroom | 2.92 Ft x 7.33 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 13.58 Ft x 12.58 Ft | |
| Primary Bedroom | 13.58 Ft x 13.08 Ft | |
| 5pc Bathroom | 11.00 Ft x 15.75 Ft | |
| Bedroom | 13.58 Ft x 11.50 Ft | |
| Bedroom | 10.08 Ft x 11.50 Ft | |
| 5pc Bathroom | 11.00 Ft x 10.67 Ft | |
| Laundry room | 11.00 Ft x 7.17 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
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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
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Insurance estimate
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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
-0.90%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,542
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.
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.
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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.
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.
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