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716 Mandalay Avenue
Experience the perfect blend of style, functionality, and location in this impressive brand-new WALK-OUT BUNGALOW by Marygold Homes. Featuring a TRIPLE CAR GARAGE, a FULLY FINISHED BASEMENT, and a desirable pond-backing setting, this home offers over 2,980 SQFT of total developed living space.Located in the sought-after community of Mandalay Estates, this newly built detached home enjoys close proximity to downtown Carstairs, the Community Golf Course, Memorial Arena, and Hugh Sutherland School. Residents will also appreciate being within walking distance of both a SHOPPERS DRUG MART and a LOBLAWS grocery store, conveniently situated within the subdivision itself. Enhancing the home's curb appeal and durability is a hardie-board siding exterior designed to withstand the elements while maintaining an attractive appearance.Upon entering, you'll find a thoughtfully designed main floor highlighted by 10-ft ceilings, vaulted ceilings in the kitchen and living room, 8-ft interior doors, CHROME PLUMBING FIXTURES, 2 bedrooms, and 2 full bathrooms. Entry from the TRIPLE CAR GARAGE leads through a practical mudroom/laundry room complete with built-in storage solutions and a UTILITY SINK. At the heart of the home is a chef-inspired kitchen designed for both everyday living and entertaining. Features include a large central island with storage on both sides and bar-style seating, STAINLESS STEEL KITCHEN APPLIANCES, quartz countertops, soft-close shaker cabinetry with pull-out drawers, a custom hood fan canopy, and a spacious walk-in pantry. A dedicated bar area with glass-front cabinetry adds an elegant touch while enhancing functionality.Flowing seamlessly from the kitchen are the dining area and living room, creating an open and inviting atmosphere. The living room is anchored by a custom entertainment unit and a tile-surround gas fireplace, while a large transom window introduces abundant natural light and architectural appeal. Furthermore, the house comes with zebra -roller blinds installed. Step outside onto the Duradek Lino-finished deck, which includes a gas line and provides the perfect setting for relaxing, entertaining, or enjoying barbeque gatherings.The primary suite features large windows, a walk-in closet with custom shelving, and a private 4-piece ensuite featuring a dual-sink vanity, separate water closet, and a shower with a built-in bench. A second bedroom, an additional 4-piece bathroom, and a linen closet complete the main level.The FULLY FINISHED walk-out basement extends the home's living space with expansive windows, 9-ft ceilings, and 7-ft passage doors throughout. This level includes 2 additional bedrooms, a full 4-piece bathroom, a WET BAR, and a recreation area, providing excellent flexibility for guests, family members, or a home gym setup.This exceptional property presents a rare opportunity to own a brand-new bungalow that combines quality craftsmanship, thoughtful design, and a prime location. Don't miss the chance to make it yours. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Other | 11.42 Ft x 28.58 Ft | |
| Recreational, Games room | 12.75 Ft x 30.58 Ft | |
| Bedroom | 11.42 Ft x 10.67 Ft | |
| Bedroom | 11.92 Ft x 12.08 Ft | |
| 4pc Bathroom | 11.92 Ft x 5.08 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.92 Ft x 15.00 Ft | |
| 4pc Bathroom | 7.00 Ft x 11.83 Ft | |
| Bedroom | 11.92 Ft x 11.58 Ft | |
| Other | 11.92 Ft x 8.17 Ft | |
| Living room | 16.75 Ft x 13.17 Ft | |
| Dining room | 9.42 Ft x 10.83 Ft | |
| Kitchen | 12.00 Ft x 12.33 Ft | |
| Other | 9.75 Ft x 8.00 Ft | |
| 4pc Bathroom | 8.08 Ft x 5.50 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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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
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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
-0.91%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,209
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.
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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 14, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.