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8141 Masters Boulevard SE
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Calgary · Single Family · under $725,000 · 3+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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**Family Living Meets Lakeside Luxury in Mahogany!**Welcome to this beautifully maintained 1,304 sq. ft. duplex in one of Calgary's most sought-after lake communities, perfectly positioned just an 8-MINUTE WALK TO MAHOGANY BEACH CLUB. Enjoy exclusive access to sandy beaches, swimming, paddleboarding, skating, parks, playgrounds, and year-round recreation, all just moments from your front door.Step inside to discover a bright, open-concept main floor designed for modern family living. The stylish kitchen features stainless steel appliances, granite countertops, classic subway tile backsplash, white cabinetry, an under-mount sink, and a large central island that seamlessly connects to the dining area and inviting living room, ideal for everyday living and entertaining alike. A thoughtfully designed custom mudroom keeps everything organized and out of sight.The south-facing backyard is a private outdoor retreat that truly sets this home apart. Designed for entertaining, it features a spacious deck with a built-in serving bar, BBQ gas line, and privacy screening, plus a charming pergola and stone patio surrounded by beautiful landscaping. Whether you're hosting friends, enjoying family dinners, or relaxing after a day at the lake, this outdoor space is sure to impress.Upstairs, the spacious primary bedroom offers a 3-pce ensuite with an oversized shower and granite vanity, while two additional bedrooms and a full bathroom provide comfortable accommodations for the whole family.The FULLY FINISHED BASEMENT adds exceptional flexibility with a large recreation room, a 4TH BEDROOM, and another FULL BATHROOM, perfect for guests, teenagers, a home office, or a fitness space.Completing the home is an OVERSIZED DOUBLE DETACHED GARAGE, offering plenty of room for vehicles, bikes, and all your lake gear.Combining stylish finishes, functional family spaces, an incredible outdoor living area, and an unbeatable location just minutes from Mahogany's world-class amenities , this move-in-ready home offers the exceptional lakeside lifestyle you've been waiting for. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.33 Ft x 5.42 Ft | |
| Bedroom | 10.83 Ft x 9.92 Ft | |
| Recreational, Games room | 14.67 Ft x 16.08 Ft | |
| Furnace | 11.75 Ft x 10.33 Ft | |
| Other | 8.83 Ft x 5.83 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.25 Ft x 4.58 Ft | |
| Dining room | 12.00 Ft x 13.50 Ft | |
| Kitchen | 13.92 Ft x 16.58 Ft | |
| Living room | 11.58 Ft x 11.08 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 8.50 Ft x 5.58 Ft | |
| 4pc Bathroom | 8.00 Ft x 5.08 Ft | |
| Bedroom | 10.67 Ft x 8.50 Ft | |
| Bedroom | 13.33 Ft x 8.17 Ft | |
| Primary Bedroom | 11.50 Ft x 11.17 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
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Suite legality / potential
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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
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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
-6.80%
Cap rate
3.50%
GRM
16.7
Break-even rent
$4,087
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 Jul 6, 2026.
Location of this listing. Distances are straight-line.
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