4 days on Market

28 Masters Bay, Calgary, Alberta T3M 2T2

Detached
4 + 1
4 + 1
~2497.34 sqft
$1,200,000
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Detached
4 + 1
4 + 1
~2497.34 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$480/sqft

Est. Mortgage$5,153/mo

Maintenance fees$565/mo

Tax Amount (2025)$6,674/yr

Days On Market4 days


Description

Stunning 5-Bedroom Walkout with Legal Suite in Sought-After Mahogany! Tucked away on a quiet cul-de-sac in the award-winning lake community of Mahogany, this beautifully upgraded walkout home offers the perfect blend of luxury, space, and income potential. Just a short walk to the beach club and countless amenities, this is an exceptional opportunity for families or investors alike. Inside, you'll find nearly 3,500 sq.ft. of thoughtfully designed living space across all three levels. The main floor features a private home office, a spacious open-concept living area with a cozy stone fireplace, and a chef-inspired kitchen equipped with quartz countertops, premium cabinetry, stainless steel appliances, and a walk-through pantry that leads to a mudroom with custom built-ins. The adjacent dining area overlooks a large pie-shaped backyard—ideal for entertaining or relaxing with family. Upstairs, the luxurious primary suite includes a spa-like ensuite with a deep soaker tub, oversized glass shower, double vanities with quartz counters, and a walk-in closet that conveniently connects to the upper laundry room. Three additional generously sized bedrooms, a full bathroom, and a central bonus room complete the upper level. The fully developed walkout basement is a bright, stylish, and income-generating legal suite with its own private entrance, large windows that flood the space with natural light, a spacious bedroom with a walk-in closet, full bathroom, second laundry room, and a massive rec room featuring a sleek bar area—perfect for entertaining or multigenerational living. The oversized pie-lot offers rear lane access and ample space to add an RV pad or additional parking. Enjoy access to Mahogany’s unmatched amenities, including the private lake with year-round recreation—swimming, skating, boating—and endless walking paths, wetlands, playgrounds, and vibrant local shops and restaurants. Don’t miss your chance to own this exceptional home in one of Calgary’s most desirable lake communities!


Property Details

Style2 Storey
View-
Age of property2018
SqFt~2497.34 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2231605
Community NameMahogany
Data SourcePILLAR 9
Listing byCharles

Features

Heating: Forced Air
Cooling: Central Air
Basement: Separate/Exterior Entry,Finished,Full,Suite,Walk-Out To Grade

Basement Floor

4pc Bathroom

8`2" x 4`11"

Kitchen

10`1" x 9`11"

Bedroom

10`6" x 9`5"

Kitchen With Eating Area

10`11" x 7`10"


Features

Patio: Deck

Parking

Garage spaces 2

Garage type -

Other parking spaces 2

Total parking spaces 4


Property History

Jun 19, 2025
ListedActive
$1,200,000
4 days on market
history photo preview46
Listing by pillar 9®
Property listed by Charles, Brokerage
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Market Data - Mahogany

Geo Zone Map ThumbnailMahogany

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

33 days

Compared to

2024

29 days

2023

33 days

New Listings

Past 30 days

55 listings

Compared to

2024

25 listings

2023

28 listings

Units sold

Past 30 days

37 units

Compared to

2024

17 units

2023

20 units

Median Sold Price

Past 30 days

$720,000

Compared to

2024

$778,000

2023

$832,500


Population and Demographics

Overview

Total population 8309
Average household income $151,401

Age (%)

0 to 19
30%
35 to 49
30%
20 to 34
22%
50 to 64
10%
65 and plus
7%

Household composition (%)

Single family
72%
Single person
23%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
79%
Tagalog (Pilipino, Filipino)
4%
Spanish
4%
Russian
2%
Mandarin
1%
Arabic
1%
French
1%
Punjabi (Panjabi)
1%
Korean
1%
Others
0%

House tenancy (%)

Owners
76%
Renters
24%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget