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7 Masters Square SE
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Beds
3
Baths
3 full + 1 half
Sqft
1,471
Year
2017
Type
Single Family
On market
19d
Welcome to the award-winning lake community of Mahogany — where four-season living, incredible amenities, and an unmatched lifestyle come together in one of Calgary’s most sought-after neighborhoods. Whether you're a first-time buyer, savvy investor, or looking for a home with future income potential, this beautifully upgraded semi-detached property checks all the boxes. Perfectly positioned on a landscaped CORNER LOT just steps from Mahogany’s stunning wetlands, pathways, parks, and the main lake entrance, this home offers an exceptional blend of functionality, style, and long-term versatility. Enjoy year-round lake access with sandy beaches, swimming, paddle boarding, skating, hockey, fishing, community events, and endless outdoor recreation — all while being minutes from the restaurants, shopping, amenities, and South Health Campus in nearby Seton. Inside, you’re welcomed by soaring 9’ ceilings, oversized windows, and a bright open-concept layout designed for modern living. The chef-inspired kitchen features quartz countertops, upgraded stainless steel appliances, a waterline to the fridge, stylish white cabinetry, and beautiful laminate flooring throughout the main level. Functional upgrades include CENTRAL AIR CONDITIONING, a spacious pantry, added storage, and a thoughtfully designed mudroom with built-in lockers. Upstairs offers an ideal family-friendly layout with THREE spacious bedrooms, each complete with generous closet space and access to beautifully finished bathrooms, including multiple ensuite-style 3-piece baths, plus an additional full 4-piece bathroom and convenient upper-floor laundry. One of the standout features of this property is the incredible future potential offered by the corner lot configuration. The basement is already roughed-in for a future bathroom with a 3-piece bathroom rough-in and second laundry setup, creating an ideal opportunity for potential suite development (subject to city approval). The corner lot layout provides a unique advantage with the ability to create a separate exterior yard space and additional parking access — a highly desirable setup for multigenerational living or future rental income opportunities. Outside, the oversized DOUBLE DETACHED GARAGE comfortably fits two vehicles while still offering an abundance of additional storage space — perfect for bikes, tools, seasonal storage, or a workshop setup. The generous yard space offers endless possibilities for entertaining, relaxing, or enjoying summer evenings after a day at the lake. This is an incredible opportunity to own a move-in ready home with upgrades, flexibility, and investment potential in one of Calgary’s premier lake communities. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 7.17 Ft x 2.58 Ft | |
| Dining room | 11.17 Ft x 12.42 Ft | |
| Kitchen | 13.25 Ft x 13.33 Ft | |
| Living room | 13.00 Ft x 12.08 Ft | |
| Other | 11.50 Ft x 6.33 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.25 Ft x 5.42 Ft | |
| 4pc Bathroom | 4.83 Ft x 8.42 Ft | |
| Bedroom | 9.92 Ft x 9.33 Ft | |
| Bedroom | 13.42 Ft x 9.17 Ft | |
| Primary Bedroom | 12.92 Ft x 12.67 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
-6.89%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,632
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.
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 May 25, 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.