191 Magnolia Way SE, Calgary, AB T3M3M7
191 Magnolia Way SE, Calgary, AB T3M3M7
191 Magnolia Way SE, Calgary, AB T3M3M7
191 Magnolia Way SE, Calgary, AB T3M3M7
191 Magnolia Way SE, Calgary, AB T3M3M7
191 Magnolia Way SE, Calgary, AB T3M3M7
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Laxman Hanmaiahgari

Laxman Hanmaiahgari

+1(778) 223-8193
$ 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 Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1747

Square Footage 1,747 sqft

Price per Sqft $423

Subdivision Mahogany

MLS® Listing ID A2345952

Bedrooms 5

Half Baths 1

Year Built 2022

Lot Size 2,852 Sqft

Acres 0.06548293

Property Sub-Type Freehold

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. (id:24570)

Location

Province AB

Rooms

Kitchen 2.0

Extra Room 1 Lower level 7.50 Ft x 4.92 Ft 4pc Bathroom

Extra Room 2 Lower level 9.33 Ft x 12.42 Ft Bedroom

Extra Room 3 Lower level 10.42 Ft x 9.00 Ft Bedroom

Extra Room 4 Lower level 13.83 Ft x 10.17 Ft Kitchen

Extra Room 5 Lower level 13.83 Ft x 16.00 Ft Recreational, Games room

Extra Room 6 Lower level 6.50 Ft x 14.50 Ft Furnace

Interior

Heating Forced air,

Cooling None

Flooring Carpeted, Tile, Vinyl Plank

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

Fence Fence

Community Features Lake Privileges, Fishing

View Y/N No

Attached Garage No

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Story 2

Others

Ownership Freehold

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Listed by eXp Realty

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Laxman Hanmaiahgari

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

+1(778) 223-8193

info@laxmanhomes.com

# 500 666 Burrard Street, Vancouver, Columbia V6C3P6, Canada

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191 Magnolia Way SE