Active

MAHOGANY

289 Magnolia Way Se, Calgary, AB

$724,900

Residential · MLS® A2323765
5Bedrooms
4Bathrooms
1,801Sq Ft
2Garage
2023Year Built
02 / Overview

PROPERTY OVERVIEW

A Legal Basement Suite, Five Bedrooms, a Double Garage, and an Incredible Mahogany Lifestyle! Located on a quiet street in the established rear section of Mahogany, this beautifully designed Jayman-built home offers exceptional versatility for homeowners, multigenerational families, and investors. With three bedrooms upstairs, a professionally built two-bedroom legal basement suite, and a double detached garage, this property provides the space to grow while offering valuable rental-income potential. Low-maintenance landscaping creates an inviting first impression, while the main floor welcomes...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,801 sq ft
Lot Size3,239 sq ft
ZoningR-G
HeatingForced Air • Natural Gas
CoolingCentral Air
ParkingDouble Garage Detached
ExteriorNone
BasementFull
Year Built2023
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$734After mortgage & expenses
Cap Rate3.3%Based on market rents
Cash on Cash Return-6.1%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

MAHOGANY

Moderate Investment
Loading map...
Investment Score69/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Danny James · Real Broker