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
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.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
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
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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$551,500
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 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.
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.
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.