$740,000
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191 Magnolia Way Se, Calgary, AB T3M 3M7

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5 Beds
4 Baths
162 Sq Ft

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 Calgarys 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.

Listing By: Rose Calvelo - eXp Realty cnpilar Realty.com
  • MLS® A2345952
  • Date Listed09/17/2026
  • Days on Realty 7 Days
  • Bedrooms 5
  • Bathrooms 3 Full baths, 1 Half baths
  • Lot Size 0.07 acres (2,852 sq. ft)
  • Subdivision Mahogany
  • County Calgary
  • Year Built 2023
  • Square Feet 162 sq. ft
  • Price Per Sq. Ft $4558.33

Interior Features

  • Appliances Dishwasher, Dryer, Electric Stove, Gas Range, Microwave Hood Fan, Range Hood, Refrigerator, Washer, Window Coverings
  • Flooring Carpet, Tile, Vinyl Plank
  • Cooling None
  • Heating Forced Air, Natural Gas

Exterior / Lot Features

  • Exterior Private Entrance, Private Yard
  • Roof Shingle
  • Lot Size Acres 0.07
  • Lot Size SQFT 2,852.00
  • Lot Features Back Yard, See Remarks

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T3M 3M7

Discover key demographics, population statistics, and environmental insights for the Calgary, AB area.

Walkability in AB / T3M 3M7

Source: Walk Score

13/100

Car-Dependent

Walk Score ®

33/100

Some Transit

Transit Score ®

29/100

Bikable

Bike Score ®

Overview

Almost all errands require a car. A few nearby public transportation options. Minimal bike infrastructure.

Transit Summary

4 nearby routes: 4 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 17/100, Transit Score: 22/100, Bike Score: 38/100.

Points of Interest near 191 Magnolia Way SE, Calgary, AB T3M 3M7

Frequently Asked Questions for 191 Magnolia Way SE

Source: Realty.com

191 Magnolia Way SE, Calgary, AB T3M 3M7 in Mahogany, Calgary, AB T3M 3M7 is a single family residence listed at $740,000. Highlights include 5 bedrooms, 4 bathrooms, 162 sq. ft., built in 2023, 0.07 acre lot, $4,558 per sq. ft.. Realty.ca has 50 photos, sales history, school insights, and mortgage tools for this li...

Realty.com has 50 photos of 191 Magnolia Way SE.

Our records indicate that 191 Magnolia Way SE was built in 2023.

The full address for this home is 191 Magnolia Way SE, Calgary, AB T3M 3M7.

191 Magnolia Way SE has been listed on Realty.com since Thu September 17, 2026

Almost all errands require a car. A few nearby public transportation options. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 17/100, Transit Score: 22/100, Bike Score: 38/100.

Listing provided courtesy of: eXp Realty (tel: 403-262-7653)
Listing agent: Rose Calvelo (tel: 403-998-0287)

This content last refreshed on 2026-09-24 20:31:43. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.