For Sale: 191 Magnolia Way SE, Calgary, AB - REW
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$740,000
5 bd • 4 ba • 1748 sf • House
191 Magnolia Way SE
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$740,000
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191 Magnolia Way SECalgary, AB, T3M 3M7

Mahogany
  • 5 Bed
  • 4 Bath
  • 1748 Sqft
  • House

About this home

INVESTOR ALERT! A TRULY TURNKEY, HANDS-OFF INVESTMENT WITH GREAT TENANTS ALREADY IN PLACE! Built in 2023 by Hopewell Residential, this exceptionally well-maintained property offers an opportunity to own a premium income-generating home in the highly sought-after lake community of Mahogany. Featuring a spacious upper residence plus a LEGAL 2-bedroom basement suite, the property currently generates a combined $4,550/month ($54,600/year) in gross rental income from both units. The hard work has already been done, simply take over an established, income-producing property from day one. The upper residence stands out with impressive 10-foot ceilings, bright modern living spaces, a spacious kitchen, comfortable living and dining areas, well-sized bedrooms, a 5-piece ensuite and access to the double detached garage. The garage is equipped with an added subpanel to accommodate a future EV charger, an increasingly desirable feature for tenants. Both the front and backyard are fully maintenance-free, adding convenience for tenants while minimizing ongoing exterior upkeep for the owner. The LEGAL 2-bedroom basement suite feels anything but typical, with 9-foot ceilings, its own kitchen, living area, bathroom and separate entrance, creating a bright and comfortable independent living space. The outdoor areas have also been thoughtfully divided with double fencing, giving each unit its own private space. This property was designed with tenants in mind. The combination of a newer 2023 build, high ceilings on both levels, a legal suite, private outdoor spaces, maintenance-free landscaping and a double garage helps set it apart from a typical rental and makes it particularly attractive to quality, long-term tenants. Great tenants are already secured in both units, providing immediate and established rental income. No renovations to complete, no tenants to find and no maintenance to worry about, this property is truly set up to be a hands-off investment. Located in one of Calgary’s most desirable lake communities, residents enjoy access to Mahogany Lake and its year-round amenities, extensive pathways, parks, playgrounds, schools, shopping and restaurants, with convenient access to major roadways. For an investor looking for a newer, income-producing property without the usual upfront work, this is about as turnkey as it gets.
Listed by: Rose Calvelo, eXp Realty of Canada

Home facts and features

Price details
List Price
$740,000
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Home facts
Bedrooms
5
Full Bathrooms
3
Partial Bathrooms
1
Parking Spaces
2
Property Type
House
Lot Size
3050 ft²
Frontage
25.62 ft
Year Built
Built in 2022 (4 yrs old)
Style
2 Storey
Heating Type
Forced Air,Natural Gas
Basement Details
Full
Features
Back Yard, Double Vanity, Fishing, Lake, Lower Level, Park, Pond, Private Entrance, Private Yard, Schools Nearby, See Remarks, Sidewalks, Soaking Tub, Street Lights, Upper Level, Walk-in Closet(s), Walking/bike Paths
Amenities
Clubhouse, Playground, Shopping Nearby, Tennis Courts
Appliances
Dishwasher, Dryer, Gas Range, Microwave Hood Fan, Range Hood, Refrigerator, Stove, Washer, Window Coverings
Community
Agent details
Primary Agent
Primary Broker
eXp Realty of Canada
Secondary Agent
Secondary Broker
eXp Realty of Canada
Listing details
Days on REW
1 Day
MLS® Number
A2345952
Source
Pillar 9
Board
Calgary Real Estate Board
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25 Years
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3.99%

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Property Insights

Divine Mercy School
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  • In Catchment
Prince Of Peace School
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  • In Catchment
St. Isabella School
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Copperfield School
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Auburn Bay School
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Dr. Martha Cohen School
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St. Marguerite School
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New Brighton School
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McKenzie Highlands School
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St. Albert The Great School
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Call Agent
Rose Calvelo
Phone:
(403) 998-0287
Office:
403-262-7653
Annie-Claude Fall
Phone:
403-262-7653
Office:
403-262-7653
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