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817 Marine Drive SE
Beds
5
Baths
4 full + 1 half
Sqft
1,698
Year
2026
Type
Single Family
On market
5d
UNBELIEVABLE OPPORTUNITY & A SMART INVESTMENT IN MAHOGANY. This brand-new “Rayn” blends stylish family living with real income potential thanks to a fully developed 2-bedroom, 1-bathroom legal suite with its own private entrance—perfect for rental revenue, extended family, or added flexibility for the future. It’s one of the best 2-bedroom suite layouts you’ll find, with a thoughtful use of space that makes furnishing, living, and renting easy from day one. Inside, the main level feels warm, modern, and highly functional with natural vinyl plank flooring and elevated finishes throughout. The central kitchen is the showpiece, featuring timeless white cabinetry to the bulkhead, a modern backsplash, chimney hood fan, stainless steel appliances, and bright white quartz that wraps the oversized island—ideal for morning coffee, casual meals, or weekend entertaining. The dining area sits perfectly between the kitchen and living room, with room for an extended table when family and friends gather. At the rear of the home, the living room is bright and welcoming with floor-to-ceiling windows that bring in beautiful natural light. A smartly positioned back entry and 2-piece bath add everyday convenience without interrupting the flow of the main living space. Two unique features help set this home apart: a versatile flex room just off the kitchen that works beautifully as a home office, playroom, or fitness space, plus a raised homework/tech nook overlooking the main floor—a fun and functional space that adds personality to the layout. Upstairs, a cozy bonus room offers the perfect spot for movie nights, a kids’ space, or a quiet reading corner. The primary retreat is tucked privately at the back of the home and features an oversized window, generous walk-in closet, and stylish 4-piece ensuite with dual sinks and a full-size shower. The additional bedrooms are well-sized, while the upper laundry keeps daily routines simple and efficient. The legal basement suite is a major bon us, offering 2 bedrooms, 1 bathroom, its own private entrance & a smart layout that maximizes usable space. Whether you’re looking for a mortgage helper, a comfortable space for family, or a long-term investment, this suite adds real value and flexibility. Located in the lake community of Mahogany, this home offers more than just a great floor plan—it offers a lifestyle. Set directly across from the Ollerenshaw Heritage Ranch, you’ll enjoy a unique setting with open views and a sense of history right outside your front door. You’re also close to Mahogany’s main beach access, giving you easy access to the lake, sandy beach, swimming, paddleboarding, skating, playgrounds & year-round community events. With alegal suite, thoughtful design, and a location close to the lake and across from the Ollerenshaw Heritage Ranch, this home is a standout opportunity. **Photos are from the show home/previous builds to demonstrate quality of construction & finishes and may not be an exact representation of this home** (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.58 Ft x 12.58 Ft | |
| Dining room | 11.58 Ft x 10.00 Ft | |
| Kitchen | 8.50 Ft x 14.75 Ft | |
| Other | 9.42 Ft x 8.58 Ft | |
| Office | 4.83 Ft x 5.92 Ft | |
| 2pc Bathroom | 5.00 Ft x 4.92 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 11.75 Ft x 10.17 Ft | |
| Primary Bedroom | 11.75 Ft x 12.00 Ft | |
| 4pc Bathroom | 5.00 Ft x 12.00 Ft | |
| Bedroom | 8.42 Ft x 10.17 Ft | |
| Bedroom | 8.25 Ft x 10.17 Ft | |
| 4pc Bathroom | 9.08 Ft x 5.00 Ft | |
| Laundry room | 5.00 Ft x 6.42 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Living room | 9.33 Ft x 12.17 Ft | |
| Kitchen | 7.33 Ft x 9.75 Ft | |
| Bedroom | 9.33 Ft x 11.83 Ft | |
| Bedroom | 10.00 Ft x 9.00 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.00 Ft | |
| Laundry room | 3.08 Ft x 5.00 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
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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
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
-1.15%
Cap rate
4.63%
GRM
13.9
Break-even rent
$4,238
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 4, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.