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71 Magnolia Court SE
Beds
6
Baths
4 full + 1 half
Sqft
2,250
Year
2024
Type
Single Family
On market
19d
Move in and enjoy the summer at the Lake all landscaping and fencing completed Welcome to 71 Magnolia Court SE — a stunning, fully upgraded home in the award-winning lake community of Mahogany, offering luxury living, thoughtful design, and incredible income with a legal basement suite. Built in 2024, this exceptional property features over $87,000 in builder upgrades and showcases modern elegance throughout. The bright and open main floor offers 9’ ceilings, luxury vinyl plank flooring, a spacious living room with an electric fireplace and custom open wood shelving, and a dedicated main floor office perfect for working from home. The chef-inspired kitchen is loaded with upgrades including ceiling-height soft-close cabinetry, crown moulding, an expanded island, pots and pans drawers, built-in microwave with trim kit, chimney hood fan with full-height tile, gas stove, garburator, and added pot lighting throughout. A stylish coffee bar leads into the massive walk-through pantry with extensive shelving for exceptional storage and convenience.Upstairs, you’ll find 4 spacious bedrooms, upper-level laundry, and a centrally located bonus room ideal for family living. The luxurious primary retreat features a large walk-in closet and spa-inspired ensuite complete with dual sinks, soaker tub, separate shower, and private water closet. The fully legal basement suite offers outstanding flexibility for rental income, multigenerational living, or guest accommodations. Complete with its own private side entrance, separate laundry, full kitchen, 2 bedrooms, and a 4-piece bathroom, the suite was thoughtfully designed while still allowing the home to function as a single-family residence with an interior basement access door that can be locked or unlocked as desired. Additional storage and utility space remain separate from the legal suite for homeowner convenience.Additional features include air conditioning, BBQ gas line, expanded garage with an additional 2 feet in length, upgr aded railings with modern metal spindles, high ceilings, and upgraded lighting and additional potlights throughout.Located just moments from Mahogany’s private lake and beach access, this home offers the perfect blend of lifestyle and location. Enjoy easy access to Mahogany Village Market, Westman Village, restaurants, shopping, pathways, parks, and year-round amenities. Welcome to the next level of exquisite living in one of Calgary’s most sought-after communities. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 7.50 Ft | |
| Bedroom | 12.08 Ft x 9.92 Ft | |
| Bedroom | 9.83 Ft x 11.50 Ft | |
| Kitchen | 14.50 Ft x 11.58 Ft | |
| Recreational, Games room | 13.17 Ft x 13.75 Ft | |
| Furnace | 11.58 Ft x 9.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.58 Ft x 5.00 Ft | |
| Dining room | 9.92 Ft x 9.92 Ft | |
| Kitchen | 16.08 Ft x 17.83 Ft | |
| Living room | 12.92 Ft x 13.08 Ft | |
| Office | 11.50 Ft x 8.67 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 11.33 Ft x 5.25 Ft | |
| 5pc Bathroom | 11.58 Ft x 10.50 Ft | |
| Bedroom | 11.67 Ft x 13.75 Ft | |
| Bedroom | 15.92 Ft x 8.75 Ft | |
| Bedroom | 12.25 Ft x 8.92 Ft | |
| Family room | 14.58 Ft x 17.42 Ft | |
| Laundry room | 7.83 Ft x 5.33 Ft | |
| Primary Bedroom | 14.58 Ft x 12.50 Ft | |
| Other | 7.00 Ft x 10.08 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
-0.90%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,543
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 Jun 9, 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.