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402, 140 Mahogany Street SE
homes for sale · Calgary · Mahogany
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$525,000

402, 140 Mahogany Street SE

Mahogany, Calgary · MLS® A2351245

221

1,029 sq ft · Condo · Single Family · built 2025 · 16 days on market

listed by Cory Smith, RE/MAX Landan Real Estate

realtor's description

Lake living at its finest in Mahogany! Ideally positioned on the top floor and offering the added privacy of a corner unit, this beautifully appointed 2-bedroom, 2-bathroom condo combines modern style with comfortable, low-maintenance living. Featuring 1,029 sq. ft. of thoughtfully designed living space, the open-concept layout is filled with natural light from expansive windows and enhanced by high ceilings throughout. The well-appointed kitchen features quartz countertops, abundant cabinetry, stainless steel appliances, and plenty of storage—perfect for everyday living and entertaining. Durable vinyl plank flooring flows through the main living areas, while plush carpeting adds comfort in the bedrooms. Custom closet organizers provide excellent storage and organization. The spacious primary bedroom offers a peaceful retreat with a generous ensuite featuring a soaking tub and walk-in closet. A well-sized second bedroom and full bathroom provide flexibility for guests, family, or a home office. Step onto your private balcony and enjoy your own outdoor space overlooking the surrounding community. Additional features include a titled heated underground parking stall, elevator access, bicycle storage, and pet-friendly living with board approval. Residents enjoy access to the clubhouse and Mahogany’s exceptional amenities, including lake access, parks, playgrounds, tennis courts, schools, shopping, and extensive walking and cycling paths. Turn-key and ready for immediate possession!

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
1,029 sq ft
parking
1
year built
2025
property tax
$2,310 / yr
strata fee
$595 / mo ($0.58 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
16
MLS®
A2351245

features

  • PVC window
  • Closet Organizers
  • No Smoking Home
  • Parking
  • Lake Privileges
  • Fishing

monthly cost

$3,075/mo
Mortgage $2,287 · Tax $193 · Strata $595

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$2,287/ monthly
loan $420,000
25-year amortization
total interest
$266,212
land title fees
$1,045
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$106,045
down + land title fees
total paid
$686,212

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent
$1,840/mo
after all costs
−$1,417/mo
cap rate
2.0%
yearly net rent ÷ price

Costs: mortgage $2,287 · tax $193 · strata $595 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Calgary: CMHC's average there ($1,908) lowered by what new tenants pay against everyone in the Calgary area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca

location

Mahogany, CalgaryGoogle Maps ↗

schools

Nearest public (CBE) and Catholic schools, by distance

  • Elementary · CBE Lakeshore School1.0 km
  • Secondary · CBE Joane Cardinal-Schubert High School2.1 km
  • Elementary · Catholic Prince of Peace School838 m
  • Secondary · Catholic All Saints School7.4 km

The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Cory Smith
RE/MAX Landan Real Estate
call Cory · 403-462-1009
Powered by: REALTOR.ca

similar homes nearby

city assessment

$347,500

2026 assessment · market value as of July 1, 2025

  • Asking price is 51% above the assessment
  • Built 2021
  • Lot 3,310 m² (35,629 sq ft)

From City of Calgary open data (property assessments), matched to 402 140 MAHOGANY ST SE. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $2,311 a year

The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $2,310 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

location

Mahogany, CalgaryGoogle Maps ↗
Drive times
  • Prince of Peace3 min
  • South Health Campus5 min
  • Joane Cardinal-Schubert High6 min
  • St. Mary's University15 min
  • Downtown Calgary29 min
  • YYC airport34 min
93

Walkability 93/100 · Very walkable: most errands on foot

Within a 10 minute walk: 2 grocery stores, 19 places to eat or drink, 2 cafes, 15 parks and playgrounds, 1 school, 1 pharmacy, 27 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

256, 1930 Mahogany Boulevard SE, Calgary
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