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A.J Paima Realtor

ajmalpaima@gmail.com +1(403) 612-8285

$ 740,000

Est. payment | -/mo

5 Beds

4 Baths

1,747 SqFt

Save

$ 740,000

Est. payment | -/mo

Save

5 Beds

4 Baths

1,747 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,747 sqft

Price per Sqft $423

Subdivision Mahogany

MLS® Listing ID A2345952

Style 2 Storey

Bedrooms 5

Full Baths 3

Half Baths 1

HOA Fees $603/ann

HOA Y/N 1

Year Built 2022

Annual Tax Amount $5,263

Tax Year 2026

Lot Size 2,852 Sqft

Acres 0.07

Property Sub-Type Detached

Source Calgary

Property Description

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.

Location

State AB

County Calgary

Area Cal Zone Se

Zoning R-G

Direction E

Rooms

Other Rooms 1

Basement Full

Interior

Interior Features Double Vanity, Soaking Tub, Walk-In Closet(s)

Heating Forced Air, Natural Gas

Cooling None

Flooring Carpet, Tile, Vinyl Plank

Inclusions Refrigerator (lower), dishwasher (lower), washer (lower), dryer (lower), curtain rod in living room with curtains, built-in microwave (upper).

Appliance Dishwasher, Dryer, Electric Stove, Gas Range, Microwave Hood Fan, Range Hood, Refrigerator, Washer, Window Coverings

Laundry Lower Level, Upper Level

Exterior

Parking Features Double Garage Detached, Off Street

Garage Spaces 2.0

Fence Fenced

Community Features Clubhouse, Fishing, Lake, Park, Playground, Pond, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths

Amenities Available Park

Roof Type Asphalt Shingle

Porch Deck

Lot Frontage 25.62

Total Parking Spaces 2

Garage 1

Building

Lot Description Back Yard, See Remarks

Foundation Poured Concrete

Architectural Style 2 Storey

Level or Stories Two

Structure Type Masonite,Stone,Wood Frame

Others

Restrictions Easement Registered On Title,Restrictive Covenant

Tax ID 112379391

Ownership Private

Listed by eXp Realty

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 612-8285

ajmalpaima@gmail.com

191 Magnolia WAY SE Calgary, AB T3M 3M7

A.J Paima Realtor

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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191 Magnolia WAY SE