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
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!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
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
Nearest public (CBE) and Catholic schools, by distance
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.
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$347,500
2026 assessment · market value as of July 1, 2025
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.
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.
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.