191 Magnolia Way Se Calgary, Alberta T3M 3M7

$740,000

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:48488)

Property Details

MLS® Number	A2345952
Property Type	Single Family
Community Name	Mahogany
Amenities Near By	Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby
Community Features	Lake Privileges, Fishing
Features	See Remarks, Parking
Parking Space Total	2
Plan	2210571
Structure	Deck

Building

Bathroom Total	4
Bedrooms Above Ground	3
Bedrooms Below Ground	2
Bedrooms Total	5
Appliances	Washer, Refrigerator, Range - Gas, Dishwasher, Stove, Dryer, Microwave Range Hood Combo, Hood Fan, Window Coverings
Basement Development	Finished
Basement Features	Separate Entrance, Suite
Basement Type	Full (finished)
Constructed Date	2022
Construction Material	Wood Frame
Construction Style Attachment	Detached
Cooling Type	None
Exterior Finish	Stone
Flooring Type	Carpeted, Tile, Vinyl Plank
Foundation Type	Poured Concrete
Half Bath Total	1
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1,747 Ft2
Total Finished Area	1747.41 Sqft
Type	House

Parking

Detached Garage	2
Other

Land

Acreage	No
Fence Type	Fence
Land Amenities	Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby
Size Depth	34 M
Size Frontage	7.81 M
Size Irregular	265.00
Size Total	265 M2|0-4,050 Sqft
Size Total Text	265 M2|0-4,050 Sqft
Zoning Description	R-g

Rooms

Level	Type	Length	Width	Dimensions
Lower Level	4pc Bathroom			7.50 Ft x 4.92 Ft
Lower Level	Bedroom			9.33 Ft x 12.42 Ft
Lower Level	Bedroom			10.42 Ft x 9.00 Ft
Lower Level	Kitchen			13.83 Ft x 10.17 Ft
Lower Level	Recreational, Games Room			13.83 Ft x 16.00 Ft
Lower Level	Furnace			6.50 Ft x 14.50 Ft
Main Level	2pc Bathroom			5.00 Ft x 4.83 Ft
Main Level	Dining Room			14.58 Ft x 10.33 Ft
Main Level	Kitchen			13.67 Ft x 15.58 Ft
Main Level	Living Room			13.75 Ft x 16.08 Ft
Main Level	Other			4.92 Ft x 10.25 Ft
Upper Level	4pc Bathroom			8.75 Ft x 4.92 Ft
Upper Level	5pc Bathroom			5.92 Ft x 19.08 Ft
Upper Level	Bedroom			9.50 Ft x 11.50 Ft
Upper Level	Bedroom			9.00 Ft x 11.42 Ft
Upper Level	Primary Bedroom			12.58 Ft x 14.00 Ft

https://www.realtor.ca/real-estate/30295370/191-magnolia-way-se-calgary-mahogany