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5 Masters Street SE
homes for sale · Calgary · Mahogany
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$540,000

5 Masters Street SE

Mahogany, Calgary · MLS® A2346750

432

1,796 sq ft · 359 m² lot · House · Single Family · built 2017 · 35 days on market

listed by Maqbool Hussain, REMAX Innovations

realtor's description

Welcome to this exceptional JAYMAN BUILT home nestled in award-winning Mahogany Lake community, renowned for its stunning natural beauty and exceptional amenities. This beautifully designed two-story residence offers ample space, abundant natural light, and a harmonious blend of modern living and traditional charm.Situated on a corner lot, this home boasts an open-concept layout on the main floor, ideal for contemporary living and entertaining. The spacious living and dining area is complemented by an electric fireplace, while the well-appointed kitchen features a pantry and ample counter space. A rare main-floor bedroom and full bathroom provide flexibility for guests, accommodating multi-generational living or a private home office.Ascending to the upper level, you will discover three generously sized bedrooms, including a spacious primary retreat with a walk-in closet and a luxurious four-piece ensuite bathroom. The upper level also offers two additional bedrooms, a full bathroom, convenient laundry facilities, and an open flex/den area, perfect for a study space or playroom.The unfinished basement holds great potential for future customization, allowing you to design it according to your unique preferences. It also offers a deck and two cars parking at the back and the option for future garage development.Residing in Mahogany Lake means embracing one of Calgary’s most sought-after lake communities, centered around the city’s largest freshwater lake, Mahogany Lake, spanning approximately 64 acres. Residents enjoy year-round recreational opportunities, including swimming, paddle sports, fishing, beach volleyball, skating rinks, and scenic walking and cycling paths.The community hub, Mahogany Beach Club, offers a splash park, picnic and barbecue areas, natural gas fire pits, a fishing dock, and a spacious 21,000 sq ft clubhouse. Nearby, Mahogany Wetlands provide 74 acres of preserved natural habitat and access to over 22 km of walking, jogging, and cycling trails.Conveniently located just minutes from South Health Campus, this home is complemented by excellent nearby schools, including Divine Mercy School and Mahogany School. It delivers the perfect combination of space, lifestyle, and investment potential within one of Calgary’s premier lake communities.

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property details

type
House, Single Family
bedrooms
4
bathrooms
3
living area
1,796 sq ft
lot
359 m²
parking
2
year built
2017
property tax
$4,545 / yr
days on market
35
MLS®
A2346750

features

  • See remarks
  • Other
  • Back lane
  • No Animal Home
  • No Smoking Home
  • Lake Privileges

monthly cost

$2,731/mo
Mortgage $2,353 · Tax $379

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

estimated payment
$2,353/ monthly
loan $432,000
25-year amortization
total interest
$273,818
land title fees
$1,075
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$109,075
down + land title fees
total paid
$705,818

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

schools

Nearest public (CBE) and Catholic schools, by distance

  • Elementary · CBE Mahogany School1.4 km
  • Middle · CBE Lakeshore School3.2 km
  • Secondary · CBE Joane Cardinal-Schubert High School3.2 km
  • Elementary · Catholic Divine Mercy School1.2 km
  • Middle · Catholic St. Isabella School2.5 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
Maqbool Hussain
REMAX Innovations
call Maqbool · 403-870-1843
Powered by: REALTOR.ca
▶ virtual tour

location

Mahogany, CalgaryGoogle Maps ↗

city assessment

$683,500

2026 assessment · market value as of July 1, 2025

  • Down 1.3% from $692,500 in 2025
  • Asking price is 21% below the assessment
  • Built 2017
  • Lot 359 m² (3,860 sq ft)
roll yearassessed
2026$683,500
2025$692,500
2024$607,500
2023$556,000
2022$475,000
2021$441,000
2020$440,500
2019$453,000

From City of Calgary open data (property assessments), matched to 5 MASTERS 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 $4,545 a year

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

The listing shows $4,545 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
  • Divine Mercy Catholic Elementary4 min
  • South Health Campus8 min
  • Joane Cardinal-Schubert High8 min
  • St. Mary's University19 min
  • Downtown Calgary33 min
  • YYC airport38 min
22

Walkability 22/100 · Mostly by car

Within a 10 minute walk: 1 place to eat or drink, 6 parks and playgrounds, 1 pharmacy, 8 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

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