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86 Magnolia Street SE
Beds
5
Baths
4 full + 2 half
Sqft
1,866
Year
2024
Type
Single Family
On market
0d
QUALIFIED FIRST TIME BUYERS WILL BE ELIGIBLE FOR THE GST REBATE! THE SHOW HOME IS FOR SALE!!! Welcome to Your Dream Home in Calgary's most sought-after lake community sought-after– Where Luxury Meets Practical Living! Step into this masterpiece built by EXCEL HOMES – the upgraded Berkley model offering 1866 SF of contemporary design, exceptional functionality AND a 2-bedroom LEGAL BASEMENT SUITE W/PRIVATE ENTRY. This home is FULLY AIR CONDITIONED, FULLY LANDSCAPED front and back (incl a rear deck) and ITS PROFESSIONALLY & BEAUTIFULLY DECORATED. FIBRE CEMENT SIDING protects your investment. 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 will impress 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 & oven, chimney-style hood fan, and an abundance of cabinets and deep pot drawers...and a massive waterfall island w/even more storage! A huge walk-in pantry is a chef’s delight. Under cabinet, pendant & pot lighting as well as the large windows, make this a bright & airy home. The living room boasts feature wall fireplace & ship lap walls. You'll also find a versatile flex room at the back of the house - perfect for home office, playroom or guest bedroom. Metal railings lead you upstairs to the second level, which offers three spacious bedrooms, including a stunning primary suite with a walk-in closet and dual sink ensuite. A vaulted 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 home offers a LEGAL TWO BEDROOM SUITE, all done to upstairs standards and a private exterior SIDE EN TRANCE. This is an amazing opportunity for rental income or extended family! 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. Quick possession is available so you can spend your summer at the Lake! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Eat in kitchen | 8.50 Ft x 16.00 Ft | |
| Living room | 11.17 Ft x 16.75 Ft | |
| Bedroom | 9.33 Ft x 11.67 Ft | |
| Bedroom | 9.75 Ft x 12.83 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.92 Ft | |
| Laundry room | 5.42 Ft x 6.67 Ft | |
| Furnace | 7.58 Ft x 13.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.08 Ft x 17.58 Ft | |
| Kitchen | 14.92 Ft x 17.00 Ft | |
| Dining room | 9.50 Ft x 10.75 Ft | |
| Other | 6.42 Ft x 13.67 Ft | |
| Foyer | 4.67 Ft x 5.42 Ft | |
| 2pc Bathroom | 4.92 Ft x 4.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 11.08 Ft x 13.42 Ft | |
| Primary Bedroom | 12.25 Ft x 13.08 Ft | |
| Other | 4.75 Ft x 9.42 Ft | |
| 4pc Bathroom | 5.50 Ft x 10.50 Ft | |
| Bedroom | 9.42 Ft x 13.92 Ft | |
| Bedroom | 9.50 Ft x 10.50 Ft | |
| 2pc Bathroom | 4.83 Ft x 9.42 Ft | |
| Laundry room | 5.17 Ft x 8.17 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
-0.90%
Cap rate
4.68%
GRM
13.9
Break-even rent
$4,875
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.
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