By the numbers
How this listing measures up
$/sqft
$432
vs Mahogany median
-10%
community avg $742K
Sqft per bedroom
388
Year built
2019
Annual taxes
$4,415
2026
Garage
2 spaces
$/sqft distribution
Where this listing sits in Mahogany
Of 150 active residential listings in Mahogany,
this property at $432/sqft
sits in the $400–450 range.
Other active listings
This listing's price range
This listing
About this property
Welcome to 406 Masters Rd SE in the community of Mahogany.
Escape the hustle and bustle on a quiet, low-traffic street in Calgary's premier, award-winning LAKE COMMUNITY. This stunning, open-concept 4-bedroom, 3.5-bathroom home commands attention with 11-FOOT CEILINGS, sleek luxury VINYL PLANK flooring, and a cozy ELECTRIC FIREPLACE. Up front, a versatile flex room stands ready to adapt as a chic home office, a vibrant kids' play zone, or an elegant extension of your main living space. Custom-built shelving in every bedroom adds thoughtful, built-in storage throughout.
The chef's kitchen is a showstopper, centering around a massive island with QUARTZ COUNTERTOPS and packed with premium upgrades, including a GAS STOVE, BUILT-IN MICROWAVE, and a CHIMNEY-STYLE RANGE HOOD FAN. Upstairs, the private primary suite serves as your personal oasis, complete with a 4pc ENSUITE with a dual-sink vanity, while two additional spacious bedrooms and another full bathroom round out the upper level.
The mechanical footprint is equally impressive and fully loaded, featuring CENTRAL A/C, 6 SOLAR PANELS for energy-efficient living, a TANKLESS HOT WATER HEATER, a WATER SOFTENER, and a REVERSE OSMOSIS FILTRATION SYSTEM with its own dedicated drinking tap. Downstairs, a fully finished basement boasts built-in storage, a stylish barn door, and a full bath, with a layout thoughtfully planned to function beautifully as a private bedroom suite.
Step outside to a generously sized rear deck, with PERMANENT OUTDOOR LIGHTING (HomeOne) extending around the entire home for customizable, year-round curb appeal. For the ultimate convenience, the OVERSIZED DETACHED DOUBLE GARAGE features a rare REAR OVERHEAD ROLL-UP DOOR for seamless pass-through access to the yard, plus an extra utility door for added functionality.
Complete with exclusive access to the private Mahogany Lake, pristine sandy beaches, and splash parks, this home delivers an uncompromised lifestyle in Calgary's most vibrant neighborhood.
Property details
| Bedrooms | 4 |
| Bathrooms | 4.0 |
| Style | 2 Storey |
| Heating | Forced Air,Natural Gas |
| Cooling | Central Air |
| Flooring | Carpet,Vinyl Plank |
| Levels | Two |
| Basement | Full |
| Basement development | Finished |
| Interior features | Built-in Features,Double Vanity,Kitchen Island,No Smoking Home,Open Floorplan,Recessed Lighting,See Remarks,Storage,Tankless Hot Water |
| Appliances | Central Air Conditioner,Dishwasher,Garage Control(s),Gas Stove,Microwave,Range Hood,Refrigerator,Tankless Water Heater,Washer/Dryer Stacked |
| Inclusions | N/A |
| Laundry | Upper Level |
| Lot size | 2809.00 sqft |
| Frontage | 25.43 ft |
| Lot features | Back Yard,City Lot,Few Trees,Landscaped,Lawn,Level,Low Maintenance Landscape,Paved,Rectangular Lot,Standard Shaped Lot,Street Lighting |
| Exterior features | BBQ gas line,Private Yard |
| Fencing | Fenced |
| Patio | Deck,Front Porch |
| Year built | 2019 |
| Construction materials | Mixed,Post & Beam,Vinyl Siding,Wood Frame |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Parking features | Double Garage Detached |
| Garage spaces | 2 |
| Parking total | 2 |
| Annual taxes | $4,415 |
| Tax year | 2026 |
| Possession | 30 Days / Neg,45 days / Neg,60 Days / Neg |
| Zoning | R-G |
| Title | Fee Simple |
| Restrictions | Easement Registered On Title,Restrictive Covenant |
| Neighbourhood | Mahogany |
| Community features | Lake,Other,Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Walking/Bike Paths |
| List AOR | Calgary |
Location
Sold comparables 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.







