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Legal suiteMLS® A2340494

76 Magnolia Grove SE

$679,999
5 bed4 bath1,767 sqftSingle FamilyBuilt 2021
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Facts & details

Bedrooms
5
Beds (above / below grade)
3 / 2
Bathrooms
4
Half baths
1
Living area
1,767 square feet
Year built
2021
Property type
Single Family
Structure
Duplex
Basement
Finished, Full, Separate entrance, Suite
Heating
Forced air, Natural gas
Cooling
None
Flooring
Carpeted, Vinyl Plank
Parking spaces
2
Parking
Detached Garage
Lot size
365 square meters
Zoning
R-G
Subdivision
Mahogany
Property tax
$5,024 (2026)
Suite evidence from listing

"LEGAL suite"

About this home

JUMBO LOT! Rarely do you see a laned lot this big in Mahogany! This is a turnkey investment opportunity in with a LEGAL suite and two rental incomes! Offering approximately 1,766 sq. ft. of developed living space, this well-maintained townhome features 5 bedrooms, 3.5 bathrooms and a fully rented configuration, making it an excellent addition to an investment portfolio. The main area offers a bright, open-concept layout with durable luxury vinyl plank flooring, crisp white cabinetry, granite countertops, stainless steel appliances and a large centre island with breakfast bar. The spacious living and dining areas are filled with natural light, creating a comfortable and functional space for everyday living. Upstairs, you'll find 3 bedrooms, including a spacious primary bedroom, along with a full 5 pc. ensuite, convenient laundry and a full bathroom. The legal 2 bedroom basement suite provides an additional income stream and offers its own comfortable living space, kitchen, bathroom and separate living accommodations. A double attached garage adds valuable parking and storage. Located in the highly desirable lake community of Mahogany, where residents enjoy access to the lake and beach club, tons of pathways, parks, schools, shopping, restaurants and countless amenities. Fully rented, legally suited and income-generating this is a fantastic opportunity to own a turnkey investment in one of Calgary’s most sought-after communities. An opportunity worth adding to your portfolio! (id:65709)

Turn the research into a plan

Buying or selling a home with a legal suite?

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Existing representation: Not intended to solicit buyers or sellers currently under a written service agreement with another real estate brokerage. If you are already represented, please contact your existing real estate representative. Any discussion of an offer or representation is subject to confirming your existing agency relationship. Learn more.

Listing content (MLS® A2340494) is courtesy of eXp Realty, provided by the Canadian Real Estate Association (CREA) via the DDF® feed. Information is deemed reliable but not guaranteed. See MLS® / DDF® compliance & disclaimers.

Disclaimer: Listing data and suite classifications are deemed reliable but not guaranteed and should be independently verified. Always confirm the legal status of any secondary suite — including registry, permits, and code compliance — with a licensed REALTOR® (such as Dusko Sremac at REPYYC × Real Broker), the City of Calgary, and qualified professionals before making any purchase or investment decision.