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53 Masters Street SE
Welcome to 53 Masters Street SE – the stunning Windsor model by Excel Homes, offering 1,758 sq/ft of modern, functional living in the heart of Calgary’s award winning lake community of Mahogany. With remaining NEW HOME WARRANTY INCLUDED, this thoughtfully designed home delivers comfort, convenience, and long-term peace of mind.From the moment you enter, you'll appreciate the bright OPEN CONCEPT layout that’s perfect for both everyday living and entertaining. The main floor features a welcoming living area centered around an elegant electric fireplace, a spacious dining area, and a stylish kitchen finished with sleek QUARTZ COUNTERTOPS throughout. The kitchen also features a walk in pantry and high end stainless steel appliances. A rare dedicated MAIN FLOOR OFFICE provides the ideal space for remote work, study, or a flexible guest room.Upstairs, the spacious primary retreat includes a walk in closet and a beautifully upgraded ensuite with a dual vanity, offering both luxury and practicality. TWO ADDITIONAL BEDROOMS and a full main bath complete the upper level, making this home ideal for growing families or hosting guests. The ADDITIONAL FLEX ROOM upstairs provides an ideal space to relax, or a great kids play space.What truly sets this home apart are the thoughtful upgrades that enhance both style and function. The SMART HOME AUTOMATION system, powered by Google Nest, controls lighting and the thermostat for effortless modern living. A natural gas hookup on the back deck makes BBQ season a breeze, while CENTRAL A/C keeps you comfortable year-round. The basement offers even more potential, featuring a separate side entrance and rough-ins for a legal suite (A secondary suite would be subject to approval and permitting by the city/municipality), including plumbing for a future bathroom and electrical/venting for a dedicated laundry area; perfect for generating rental income or accommodating multi-generational living.Step outside to enjoy a FULL LANDSCAPED BACK YARD, an inviting space for relaxing, entertaining, or playing with the kids. Whether you’re hosting summer gatherings or simply enjoying a quiet evening outdoors, this home delivers the lifestyle you’ve been looking for.LIVING IN MAHOGANY means access to Calgary’s largest freshwater lake, where residents enjoy beach days, paddle boarding, skating, and year-round community events. Surrounded by wetlands, scenic pathways, and lush parks, Mahogany offers the perfect balance of outdoor recreation and urban convenience. With a vibrant village center, top rated schools, and easy access to major roadways.This home is meticulously well maintained by the original owner, don’t miss your chance to own this upgraded, move-in ready home in one of Calgary’s most sought-after communities. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.92 Ft x 5.42 Ft | |
| Dining room | 9.42 Ft x 12.92 Ft | |
| Foyer | 9.08 Ft x 8.50 Ft | |
| Kitchen | 14.00 Ft x 14.92 Ft | |
| Living room | 12.00 Ft x 12.92 Ft | |
| Other | 11.83 Ft x 5.58 Ft | |
| Office | 7.67 Ft x 10.33 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.25 Ft | |
| 5pc Bathroom | 10.17 Ft x 6.33 Ft | |
| Bedroom | 9.42 Ft x 10.17 Ft | |
| Bedroom | 13.08 Ft x 8.92 Ft | |
| Family room | 13.08 Ft x 12.67 Ft | |
| Laundry room | 7.33 Ft x 6.00 Ft | |
| Primary Bedroom | 13.33 Ft x 12.17 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
4.66%
GRM
13.8
Break-even rent
$3,838
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.
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 18, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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