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837 Marine Drive SE
Beds
5
Baths
5 full + 1 half
Sqft
1,720
Year
2026
Type
Single Family
On market
54d
Welcome to the “Joni” floor plan—an intelligently designed semi-detached home that blends stylish finishes, practical functionality, and an unbeatable location in one of Calgary’s most desirable lake communities. Situated directly across from the historic Ollerenshaw Heritage Ranch, this home offers a truly special setting—combining Mahogany’s vibrant modern lifestyle with a sense of character, openness, and charm that is difficult to find elsewhere. Inside, the main floor makes an immediate impression with soaring 10’ ceilings, wide-plank luxury vinyl flooring, and a bright, airy layout that feels both elevated and welcoming. At the front of the home, a versatile flex room creates the perfect space for a home office, reading area, playroom, or creative workspace—offering flexibility to suit a variety of lifestyles. Moving toward the back of the home, the layout opens beautifully into the main living area, where the kitchen, dining, and living spaces connect seamlessly for easy everyday living and effortless entertaining. The spacious living room flows into the oversized dining area, creating a warm and functional setting for family meals, casual gatherings, or hosting friends. The kitchen is a standout, featuring raised cabinetry, quartz countertops, stainless steel appliances, a stand-alone chimney hood fan, modern tile backsplash, and a large central island that anchors the space with style and function. Upstairs, a central bonus room provides valuable additional living space—ideal for movie nights, a kids’ hangout, or a quiet place to relax. The primary bedroom offers a peaceful retreat, complete with a generous walk-in closet and a spa-inspired 4-piece ensuite that adds a touch of everyday luxury. Two additional bedrooms, another full 4-piece bathroom, and a conveniently located upper-floor laundry room complete the level with comfort and practicality. Adding even more value and versatility, the basement is fully finished with a legal 2 bedroom, 2 bathroom seco ndary suite—perfect for multi-generational living, extended family, guests, or those looking for the added benefit of rental income. With its own separate living space and legal status, this lower level significantly enhances both the functionality and long-term appeal of the home. Beyond the home itself, the location is a major highlight. Being directly across from Ollerenshaw Heritage Ranch adds a unique sense of place and character to everyday life. Set within the award-winning lake community of Mahogany, residents enjoy access to Calgary’s largest freshwater lake, two sandy beaches, the private Beach Club, skating rinks, sport courts, fishing docks, and over 22 km of scenic pathways winding through stunning wetlands. Just minutes from South Health Campus, the Seton Urban District, and Mahogany’s growing selection of shops, restaurants, and amenities, this is a community built around convenience, connection, and year-round lifestyle. This is more than just a home—it’s a lifestyle worth enjoying! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 6.00 Ft x 5.42 Ft | |
| Other | 10.17 Ft x 10.67 Ft | |
| Kitchen | 12.83 Ft x 9.17 Ft | |
| Dining room | 12.75 Ft x 9.50 Ft | |
| Living room | 12.75 Ft x 12.17 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 6.42 Ft x 5.08 Ft | |
| 4pc Bathroom | 5.08 Ft x 8.00 Ft | |
| Bonus Room | 9.17 Ft x 10.17 Ft | |
| Bedroom | 9.33 Ft x 9.58 Ft | |
| Bedroom | 9.33 Ft x 9.58 Ft | |
| 4pc Bathroom | 5.92 Ft x 9.25 Ft | |
| Primary Bedroom | 12.75 Ft x 14.25 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 10.00 Ft x 9.00 Ft | |
| 3pc Bathroom | 9.08 Ft x 5.50 Ft | |
| 3pc Bathroom | 7.75 Ft x 5.00 Ft | |
| Bedroom | 10.00 Ft x 10.17 Ft | |
| Living room | 8.83 Ft x 12.42 Ft | |
| Kitchen | 12.42 Ft x 5.42 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
-1.11%
Cap rate
4.64%
GRM
13.9
Break-even rent
$4,208
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 May 28, 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.