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Calgary · Single Family · under $750,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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577 Masters Road SE
Welcome to this exceptional, fully finished home in the highly sought after lake community of Mahogany. Thoughtfully upgraded and meticulously maintained, this south facing home offers air conditioning, an oversized double detached garage, solar panels and over 2,200 square feet of developed living space; making it truly move in ready! The main floor features an inviting open concept layout with a spacious living room that flows seamlessly into the dining area and kitchen; ideal for both everyday living and entertaining. The kitchen is well appointed with quartz countertops, a full stainless steel appliance package with gas stove, an abundance of cabinetry, a pantry and stunning subway tile. A convenient two piece bathroom and a functional mudroom complete the main floor, adding to the home’s thoughtful and practical design. Upstairs, the primary suite offers a walk in closet and a private ensuite complete with dual vanities and an oversized shower. Two additional bedrooms, a full four piece bathroom and a convenient upper level laundry room provide excellent functionality for families and guests. The fully developed basement, complete with a separate side entry, expands the living space and includes a fourth bedroom, a full bathroom, a recreation room and additional storage. Step outside to enjoy the private, sun drenched south facing backyard, featuring low maintenance stamped concrete, a storage shed and an oversized double detached garage. Recent upgrades include Gemstone exterior lighting, central air conditioning for year round comfort and solar panels. Located just steps from Mahogany Lake, residents enjoy exclusive access to swimming, paddle boarding, skating, and year round community events. This is a rare opportunity to own a turn key home in one of Calgary’s most desirable lake communities; offering not just a home, but a true lifestyle. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 14.67 Ft x 17.67 Ft | |
| Bedroom | 9.67 Ft x 10.83 Ft | |
| 4pc Bathroom | 4.92 Ft x 10.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11.42 Ft x 15.33 Ft | |
| Living room | 12.50 Ft x 13.25 Ft | |
| Dining room | 8.58 Ft x 9.33 Ft | |
| 2pc Bathroom | 4.92 Ft x 5.08 Ft | |
| Other | 4.50 Ft x 5.50 Ft | |
| Pantry | 3.92 Ft x 5.42 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.83 Ft x 13.33 Ft | |
| Other | 5.17 Ft x 8.50 Ft | |
| 4pc Bathroom | 8.17 Ft x 8.58 Ft | |
| Bedroom | 8.58 Ft x 13.00 Ft | |
| Bedroom | 10.83 Ft x 10.75 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.50 Ft | |
| Laundry room | 6.42 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
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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
-0.98%
Cap rate
4.67%
GRM
13.9
Break-even rent
$4,269
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.
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 24, 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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