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10 days on Market

406 Masters Rd, Calgary, Alberta T3M 2T4

Detached
3 + 1
4 + 1
~1551.85 sqft
$649,900
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Detached
3 + 1
4 + 1
~1551.85 sqft

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Highlights

Property Estimate

Days on market10 days

Estimated valueNot available

Price/Sqft$418/sqft

Monthly cost

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Description

Welcome to this beautifully upgraded, fully finished home in the sought-after lake community of Mahogany. Thoughtfully maintained inside out and move-in ready, this south-facing property offers over 2,200 sq. ft. of fully developed living space, central air conditioning for maximum comfort, solar panels offering utmost efficiency, and a newly built double detached garage featuring an oversized 8-foot door ideal for larger vehicles and roof racks, plus a rare yard-facing utility door. The main floor features an inviting open-concept layout enhanced by impressive 11-foot ceilings. A spacious flex room offers versatility as a home office, playroom or additional living space, while brand-new custom shelving and an electric fireplace add both function, character and ambience. The living room flows seamlessly into the dining area and kitchen, creating a comfortable inviting space for everyday living and entertaining. The chef’s kitchen is beautifully appointed with quartz countertops, a full stainless steel appliance package including a gas stove, abundant cabinetry with gold accents, a large pantry and striking marble tile. A two-piece bathroom and functional mudroom complete the main level. Upstairs, the primary suite offers a private ensuite with dual vanities, marble tile and an oversized glass shower. Two additional bedrooms, a full four-piece bathroom and convenient upper-level laundry provide excellent functionality. All three upstairs bedrooms feature custom built-in shelving for added organization and storage. The fully developed basement expands the home’s versatility with a spacious fourth bedroom featuring a custom sliding barn door, a full bathroom, a multi-purpose workout room ready to adapt as a playroom, office, media space, or hobby room to suit all your needs, plus plenty of additional storage. Outside, enjoy the sunny lowered deck and stamped concrete area offering additional functional outdoor space for relaxing after a long day, or a great place for the kids to play. The newly built garage provides another standout feature with its yard-facing utility door, creating convenient access between the garage and backyard, making home projects or car repairs effortless. Recent upgrades include HomeOne premium year-round exterior lighting with over 600 colour combination options, central AC for year-round comfort, a reverse-osmosis drinking water system and solar panels. Located within walking distance of Mahogany’s main beach, residents enjoy lake amenities like swimming, paddle-boarding, skating, and year-round community events. Beyond the lake, Mahogany continues to grow as a top-tier investment, offering close access to local childcare, retail outlets, restaurants and nearby destinations like Park Place Market and Fish Park, with even more commercial developments and businesses on the way. Combined with extensive upgrades and flexible living spaces, this move-in-ready home offers an exceptional blend of comfort, functionality, and long-term value.


Upcoming Open House

Sep 6Sun11:00 AM - 1:00 PM

Property Details

Style2 Storey
View-
Age of property2019
SqFt~1551.85 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2340533
Community NameMahogany
Data SourcePILLAR 9
Listing byRoyal LePage Benchmark

Features

Heating: Forced Air,Natural Gas
Cooling: Central Air
Basement: Full,Finished,None

Main Floor

2pc Bathroom

4`10" x 5`7"

Dining Room

11`2" x 10`8"

Family Room

13`7" x 10`6"

Kitchen

7`8" x 16`6"


Features

Patio: Deck,Front Porch

Parking

Garage spaces 2

Garage type -

Other parking spaces 0

Total parking spaces 2


Property History

Aug 27, 2026
ListedActive
$649,900
10 days on market
history photo preview45
Listing by pillar 9®
Property listed by Royal LePage Benchmark, Brokerage
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Market Data - Mahogany

Geo Zone Map ThumbnailMahogany

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

39 days

Compared to

2025

43 days

2024

36 days

2023

36 days

New Listings

Past 30 days

24 listings

Compared to

2025

40 listings

2024

20 listings

2023

21 listings

Units sold

Past 30 days

24 units

Compared to

2025

27 units

2024

15 units

2023

18 units

Median Sold Price

Past 30 days

$764,750

Compared to

2025

$755,000

2024

$800,000

2023

$810,375


Population and Demographics

Overview

Total population 8309
Average household income $151,401

Age (%)

0 to 19
30%
20 to 34
22%
35 to 49
30%
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