$540,000
5 Masters Street SEMahogany, Calgary, AB T3M 2R5
- 4 beds
- 3 baths
- 1,796 sq ft
- Detached
Listing courtesy of REMAX Innovations · MLS® A2346750
About this home
Welcome to this exceptional JAYMAN BUILT home nestled in award-winning Mahogany Lake community, renowned for its stunning natural beauty and exceptional amenities. This beautifully designed two-story residence offers ample space, abundant natural light, and a harmonious blend of modern living and traditional charm.
Situated on a corner lot, this home boasts an open-concept layout on the main floor, ideal for contemporary living and entertaining. The spacious living and dining area is complemented by an electric fireplace, while the well-appointed kitchen features a pantry and ample counter space. A rare main-floor bedroom and full bathroom provide flexibility for guests, accommodating multi-generational living or a private home office.
Ascending to the upper level, you will discover three generously sized bedrooms, including a spacious primary retreat with a walk-in closet and a luxurious four-piece ensuite bathroom. The upper level also offers two additional bedrooms, a full bathroom, convenient laundry facilities, and an open flex/den area, perfect for a study space or playroom.
The unfinished basement holds great potential for future customization, allowing you to design it according to your unique preferences. It also offers a deck and two cars parking at the back and the option for future garage development.
Residing in Mahogany Lake means embracing one of Calgary’s most sought-after lake communities, centered around the city’s largest freshwater lake, Mahogany Lake, spanning approximately 64 acres. Residents enjoy year-round recreational opportunities, including swimming, paddle sports, fishing, beach volleyball, skating rinks, and scenic walking and cycling paths.
The community hub, Mahogany Beach Club, offers a splash park, picnic and barbecue areas, natural gas fire pits, a fishing dock, and a spacious 21,000 sq ft clubhouse. Nearby, Mahogany Wetlands provide 74 acres of preserved natural habitat and access to over 22 km of walking, jogging, and cycling trails.
Conveniently located just minutes from South Health Campus, this home is complemented by excellent nearby schools, including Divine Mercy School and Mahogany School. It delivers the perfect combination of space, lifestyle, and investment potential within one of Calgary’s premier lake communities.
Key facts
- Type
- Detached
- Style
- 2 Storey
- Year built
- 2017
- Living area
- 1,796 sq ft
- Lot
- 3,864 sq ft
- Bedrooms
- 4
- Bathrooms
- 3 full
- Basement
- Full, Unfinished
- Parking
- Off Street, 2 spaces total
- Price per sq ft
- $301
- Days on market
- 23
- Listed
- September 19, 2026
- Community
- Mahogany
- Municipality
- Calgary
Features
Interior
- Features
- Laminate Counters, No Animal Home, No Smoking Home, Open Floorplan, See Remarks
- Appliances
- Dishwasher, Dryer, Electric Stove, Range Hood, Refrigerator, Washer, Window Coverings
- Flooring
- Carpet, Laminate
- Heating
- Forced Air
- Fireplaces
- 1 (Electric, Living Room)
- Laundry
- Upper Level
- Basement features
- Other
- Included
- n/a
Suite
- Suite
- No
Building
- Structure
- House
- Levels
- Two
- Construction
- Wood Frame
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
Exterior & lot
- Exterior
- Other
- Lot
- Back Lane, Back Yard, Corner Lot, Landscaped
- Patio / porch
- Deck
- Front faces
- E
- Lot size
- 3,864 sq ft
- Zoning
- R-G
Parking
- Total parking
- 2
- Details
- Off Street
Condo / HOA
- Amenities
- Beach Access
- Restrictions
- None Known
- Ownership
- Not a Condo
Land & rural
- Title
- Fee Simple
Community
- Features
- Lake, Other, Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Rooms
| Room | Level | Size |
|---|---|---|
| 3pc Bathroom | Main | 9'3" x 4'11" |
| Bedroom | Main | 11'7" x 9'4" |
| Dining Room | Main | 18'10" x 9'10" |
| Foyer | Main | 7'1" x 9'2" |
| Kitchen | Main | 12'7" x 9'8" |
| Living Room | Main | 14'10" x 11'4" |
| 4pc Bathroom | Upper | 9'3" x 4'11" |
| 4pc Ensuite bath | Upper | 9'0" x 4'11" |
| Bedroom | Upper | 9'1" x 13'5" |
| Bedroom | Upper | 9'4" x 12'0" |
| Office | Upper | 5'6" x 4'10" |
| Bedroom - Primary | Upper | 12'11" x 14'10" |
| Walk-In Closet | Upper | 9'2" x 5'8" |
Location
Mahogany
Calgary’s largest lake community, with beaches, wetlands and an urban village.
Schools, amenities, prices and my take on Mahogany →Monthly cost estimate
- Mortgage $2,535
An estimate, not a quote: excludes property tax, home insurance and utilities. Starting rates are the best advertised 5-year fixed rates on October 8, 2026 (nesto.ca, best 5-year fixed); your rate depends on your lender and situation. Minimum down payment under Canadian rules is $29,000.
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Listing data disclaimer
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Listing last updated: Oct 12, 2026, 8:00 p.m.