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Calgary · Single Family · under $650,000 · 2+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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833 Marine Drive SE
Welcome to this brand-new “Joni” floor plan—an intelligently designed semi-detached home offering stylish finishes, thoughtful functionality, and an exceptional location in one of Calgary’s most sought-after lake communities. Perfectly positioned directly across from the historic Ollerenshaw Heritage Ranch, this home offers a unique setting that blends Mahogany’s modern lifestyle with a sense of character, open space, and community charm that is truly hard to replicate. Inside, the main floor immediately impresses with soaring 10’ ceilings, wide-plank luxury vinyl flooring, and a bright, open feel that makes the home feel both elevated and inviting. At the front of the home, a versatile flex room provides the perfect space for a home office, reading nook, kids’ playroom, or creative studio—giving you the flexibility to live the way that suits you best. As you move toward the rear, the layout opens into a beautifully connected living, dining, and kitchen area designed for both everyday comfort and easy entertaining. The spacious living room flows seamlessly into the oversized dining area, creating the ideal backdrop for family dinners, weekend brunches, or evenings spent hosting friends. The kitchen is a standout feature, showcasing raised cabinetry, quartz countertops, stainless steel appliances, a stand-alone chimney hood fan, modern tile backsplash, and a large centre island that anchors the space beautifully. Upstairs, a central bonus room creates a second living area that’s perfect for movie nights, a homework zone, or a quiet place to unwind. The primary bedroom feels like a true retreat, complete with a generous walk-in closet and a spa-inspired 4-piece ensuite designed to bring a little luxury into your daily routine. Two additional bedrooms, a full 4-piece bathroom, and a conveniently located upper-floor laundry room complete the level with practicality and ease. A secondary entrance adds valuable flexibility for future possibilities, whether for extended fa mily, guests, or additional living space (a secondary suite would be subject to approval and permitting by the city/municipality). Beyond the home itself, the location is a major highlight. Being directly across from the Ollerenshaw Heritage Ranch adds a special layer to everyday life, offering a distinctive community feature right outside your door. Set within the award-winning community of Mahogany, residents enjoy access to Calgary’s largest freshwater lake, two sandy beaches, the resident-exclusive Beach Club, skating rinks, sport courts, fishing docks, and over 22 km of scenic pathways woven through beautiful wetlands. Just minutes from the South Health Campus, Seton Urban District, and Mahogany’s growing collection of shops, restaurants, and everyday amenities, this is a community built around connection, convenience, and year-round lifestyle. From summer days on the lake to peaceful walks through the neighbourhood, this is more than a home—it’s a place to fully enjoy where you live. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.75 Ft x 12.17 Ft | |
| Dining room | 12.75 Ft x 9.50 Ft | |
| Kitchen | 12.83 Ft x 12.75 Ft | |
| Other | 10.17 Ft x 10.67 Ft | |
| 2pc Bathroom | 6.00 Ft x 5.25 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 9.17 Ft x 10.17 Ft | |
| Primary Bedroom | 12.75 Ft x 14.25 Ft | |
| 4pc Bathroom | 5.92 Ft x 9.17 Ft | |
| Bedroom | 9.33 Ft x 9.58 Ft | |
| Bedroom | 9.33 Ft x 9.58 Ft | |
| 4pc Bathroom | 5.08 Ft x 8.00 Ft | |
| Laundry room | 5.08 Ft x 6.42 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
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Zoning
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
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Inspection considerations
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Cash on cash
-1.08%
Cap rate
4.65%
GRM
13.8
Break-even rent
$3,662
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 May 8, 2026.
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