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82 Magnolia Street SE
Beds
4
Baths
4 full + 1 half
Sqft
1,785
Year
2024
Type
Single Family
On market
0d
QUALIFIED FIRST TIME HOME BUYERS WILL BE ELIGIBLE FOR THE GST REBATE! Welcome to Your Dream Home in Calgary's most sought after lake community in MAHOGANY – Where Luxury Meets Practical Living! Step into this luxurious SHOWHOME masterpiece built by EXCEL HOMES – this home is HIGHLY UPGRADED, FULLY AIR CONDITIONED, PROFESSIONALLY DECORATED and HARDY BOARD EXTERIOR. The Berkley model offers 1785 sf of contemporary design, exceptional functionality AND a LEGAL BASEMENT SUITE W/PRIVATE ENTRY, built to upstairs standards…perfect for rental income or extended family. This SHOWHOME is professionally decorated & offers high end luxury throughout. Even the most discerning owners will be impressed. You’ll find quartz counter tops in the kitchen, island, all bathrooms & laundry room folding counter. LVP flooring covers the main floor and in the LEGAL suite. Upgraded carpets on the 2nd level keep this home cozy and quiet. Nestled in Calgary’s vibrant LAKE COMMUNITY, you’ll enjoy quick access off Stoney Trail or Deerfoot Trail. From the moment you walk in, this home impresses with its thoughtful layout and premium finishes. The open-concept floor plan seamlessly connects the living room, dining area, and showstopper kitchen – the true heart of the home. Cook like a pro in your chef-inspired kitchen with upgraded stainless steel appliances including built-in microwave, chimney-style hood fan, and an abundance of cabinets and deep pot drawers...and a massive island w/even more storage! Rear mud room helps keep things organized. Upstairs, the second level offers three spacious bedrooms including a stunning primary suite with a walk-in closet and a luxury dual sink ensuite. Bonus room with pot lighting adds an elevated family retreat, and the convenient upper-level laundry room makes day-to-day living easier. Thinking about rental income or extended family options – this is your opportunity? Your rear deck is already in place, and your home is fully landscaped with sod, tree s & shrubs. As a Certified Built Green home, you’ll benefit from energy-saving features and smart home tech, including Ring doorbell, Wi-Fi-enabled garage opener, smart thermostat, extra CAT6 and USB outlets, plus 9' knockdown ceilings, metal stair railings, and luxury vinyl plank flooring on the main level. Whether you're a growing family, savvy investor, or multi-generational household, this is the home you've been waiting for. Move in, unpack, and start living your best life in Mahogany. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Eat in kitchen | 10.92 Ft x 11.33 Ft | |
| Living room | 17.08 Ft x 16.58 Ft | |
| Bedroom | 9.92 Ft x 12.17 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.25 Ft | |
| Furnace | 10.33 Ft x 17.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.83 Ft x 12.83 Ft | |
| Kitchen | 8.67 Ft x 18.00 Ft | |
| Dining room | 10.33 Ft x 10.42 Ft | |
| Family room | 11.00 Ft x 12.17 Ft | |
| Foyer | 5.67 Ft x 6.50 Ft | |
| 2pc Bathroom | 4.92 Ft x 4.83 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.08 Ft x 15.67 Ft | |
| Other | 6.42 Ft x 7.50 Ft | |
| 4pc Bathroom | 8.50 Ft x 8.42 Ft | |
| Bedroom | 9.92 Ft x 11.83 Ft | |
| Bedroom | 9.25 Ft x 11.83 Ft | |
| Laundry room | 4.92 Ft x 6.33 Ft | |
| 4pc Bathroom | 6.00 Ft x 8.50 Ft | |
| Bonus Room | 9.50 Ft x 10.00 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
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
-1.01%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,632
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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 10, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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