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97 Marine Drive SE
homes for sale · Calgary · Mahogany
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$499,900

97 Marine Drive SE

Mahogany, Calgary · MLS® A2350239

232

1,263 sq ft · 205 m² lot · Townhouse · Single Family · built 2014 · 19 days on market

listed by Jim Campbell, TREC The Real Estate Company

realtor's description

Discover the haven and serenity within the Lake Community of Mahogany, Calgary’s premier community, embodied in this thoughtfully designed two-storey townhouse. Offering a generous 1263 square feet across two levels, this residence seamlessly blends comfort and style, providing exceptional living space for roommates or those seeking an extra room for guests. Step inside to find a spacious open floor plan, where natural light floods the main level, accentuated by high ceilings and complemented by a large kitchen featuring stainless steel appliances and a substantial island—perfect for entertaining. Two bedrooms above grade each boast their own ensuite bathrooms, ensuring privacy and convenience for occupants. Outside, an inviting patio awaits, while the irregular lot provides a delightful fenced backyard—ideal for pets and enjoying outdoor pursuits with minimal maintenance landscaping. Two detached garages, accessed via a paved laneway, offer secure parking and storage, and the basement presents tremendous opportunity for expansion, featuring rough-in plumbing for a bathroom and ample space for another bedroom and recreational area. Beyond the walls, Mahogany beckons with its vibrant community spirit, boasting a lakeside clubhouse, tennis courts, fishing opportunities, playgrounds, and walking/bike paths—all within easy reach. With convenient access to schools, shopping, and transit, this townhouse represents an exceptional opportunity to experience lake living in one of Calgary’s most desirable neighbourhoods.

property details

type
Townhouse, Single Family
bedrooms
2
bathrooms
3
living area
1,263 sq ft
lot
205 m²
parking
2
year built
2014
property tax
$3,667 / yr
days on market
19
MLS®
A2350239

features

  • See remarks
  • Lake Privileges
  • Fishing
  • Refrigerator
  • Dishwasher
  • Stove

monthly cost

$2,484/mo
Mortgage $2,178 · Tax $306

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

estimated payment
$2,178/ monthly
loan $399,920
25-year amortization
total interest
$253,485
land title fees
$1,000
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$100,980
down + land title fees
total paid
$653,405

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
−$966/mo
cap rate
2.9%
yearly net rent ÷ price

Costs: mortgage $2,178 · tax $306 · insurance ~$175 · 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 Mahogany School440 m
  • Middle · CBE Lakeshore School2.0 km
  • Secondary · CBE Joane Cardinal-Schubert High School2.6 km
  • Elementary · Catholic Divine Mercy School345 m
  • Middle · Catholic St. Isabella School1.5 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
Jim Campbell
TREC The Real Estate Company
call Jim · 403-680-6550
Powered by: REALTOR.ca
▶ virtual tour

similar homes nearby

city assessment

$551,500

2026 assessment · market value as of July 1, 2025

  • Down 3.2% from $570,000 in 2025
  • $406,000 in 2016 (36% over ten years)
  • Asking price is 9% below the assessment
  • Built 2014
  • Lot 205 m² (2,209 sq ft)
roll yearassessed
2026$551,500
2025$570,000
2024$479,000
2023$403,500
2022$375,000
2021$360,500
2020$375,000
2019$373,500

From City of Calgary open data (property assessments), matched to 97 MARINE DR 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 $3,667 a year

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

The listing shows $3,667 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 Elementary2 min
  • South Health Campus6 min
  • Joane Cardinal-Schubert High7 min
  • St. Mary's University17 min
  • Downtown Calgary31 min
  • YYC airport36 min
49

Walkability 49/100 · Somewhat walkable: some errands on foot

Within a 10 minute walk: 11 parks and playgrounds, 2 schools, 11 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

256, 1930 Mahogany Boulevard SE, Calgary
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