By the numbers
How this listing measures up
$/sqft
$331
vs Mahogany median
+10%
community avg $743K
Sqft per bedroom
826
Year built
2014
Annual taxes
$5,426
2025
Garage
2 spaces
$/sqft distribution
Where this listing sits in Mahogany
Of 152 active residential listings in Mahogany,
this property at $331/sqft
sits in the $300–350 range.
Other active listings
This listing's price range
This listing
About this property
Located in the highly sought-after community of Mahogany, welcome to 40 Masters Common SE — where lakeside living meets modern luxury in one of Calgary’s premier lake communities.
This turnkey front-drive home offers 3 bedrooms, 2.5 bathrooms, and over 2,400 sq. ft. of thoughtfully designed living space, with immediate possession available so you can settle in before summer and start enjoying the lake lifestyle right away.
The main floor features a bright and open-concept layout filled with natural light, designer finishes, and exceptional functionality. Enjoy both a spacious living room and family room, perfect for entertaining or everyday living. The chef-inspired kitchen is beautifully appointed with stainless steel appliances, quartz countertops, and ample cabinetry, creating the ideal space for hosting family and friends.
Upstairs, you’ll find a massive bonus room, a convenient upper-floor laundry room, and a stunning primary retreat complete with a spa-inspired ensuite. Two additional generously sized bedrooms and a bright shared bathroom with a large window complete the upper level. Every inch of this home has been carefully designed with comfort, style, and practicality in mind.
Step outside and discover why Mahogany is one of Calgary’s most desirable communities, offering private lake access, beaches, scenic pathways, parks, schools, restaurants, and an unmatched family-friendly atmosphere. Conveniently located near Stoney Trail and Deerfoot Trail, you’re just minutes from shopping, dining, schools, and easy access throughout the city.
Homes like this rarely stay available for long.
Lakeside living. Front-drive convenience. Immediate possession.
Welcome home.
Property details
| Bedrooms | 3 |
| Bathrooms | 3.0 |
| Style | 2 Storey |
| Heating | Forced Air |
| Cooling | Central Air |
| Flooring | Carpet,Hardwood,Tile |
| Levels | Two |
| Basement | Full |
| Basement development | Unfinished |
| Interior features | Breakfast Bar,No Animal Home,No Smoking Home,Open Floorplan,Quartz Counters,See Remarks,Vinyl Windows |
| Appliances | Central Air Conditioner,Dishwasher,Dryer,Electric Stove,Garage Control(s),Range Hood,Refrigerator,Washer,Window Coverings |
| Inclusions | N/A |
| Laundry | In Unit,Laundry Room,See Remarks,Sink,Upper Level |
| Lot size | 3730.00 sqft |
| Frontage | 32.94 ft |
| Lot features | Back Lane,Back Yard,Front Yard,Landscaped,Rectangular Lot,See Remarks |
| Exterior features | BBQ gas line,Other,Private Yard |
| Fencing | Fenced |
| Patio | Deck |
| Year built | 2014 |
| Construction materials | Brick,Stucco,Wood Frame |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Parking features | Double Garage Attached |
| Garage spaces | 2 |
| Parking total | 4 |
| Annual taxes | $5,426 |
| Tax year | 2025 |
| Possession | 15 Days / Neg |
| Zoning | R-G |
| Title | Fee Simple |
| Restrictions | None Known |
| Neighbourhood | Mahogany |
| Community features | Clubhouse,Lake,Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Tennis Court(s),Walking/Bike Paths |
| List AOR | Calgary |
Location
Sold comparables in Mahogany
232 recent sales in Mahogany
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Sign up to see sold dataAbout Mahogany
AI-generated summaryCalgary's largest lake community offers a resort-style lifestyle centred around a private beach club and crystal-clear lake, blending suburban comfort with recreational living. It consistently ranks among Calgary's most sought-after newer communities.
Mahogany Lake is the largest private residential lake in Calgary
The community is master-planned by Hopewell Residential
Residents enjoy year-round lake activities including swimming in summer and skating in winter
Housing
Predominantly single-family detached homes, semi-detached, and townhomes built largely from the 2010s onward, with a growing selection of lake-front and lake-access properties across multiple price points.
Transit
Served by Calgary Transit bus routes with the 69 Street CTrain station reachable via connecting service; the community is car-dependent for most daily errands.
Amenities
Mahogany Village Market provides groceries, dining, and retail on-site, while the residents-only beach club features a splash park, fire pits, and year-round lake access for swimming and skating.
Who lives here
Primarily young families and professionals attracted by the lake lifestyle, newer construction, and strong sense of community in Calgary's southeast.
This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.







