Property Take

What a former show home in Mahogany actually gets you for $770K

📍 293 Masters Avenue SE · Calgary · 3 bed · 3 bath · 2169 sqft · Asking $769,900

Overall Verdict
7.6/10
💰
Price
6.9/10
📍
Location
9.1/10
🏠
Layout
7.6/10
Finishes
8.2/10
🌳
Lot
5.4/10
🚪
Curb
7.8/10
📈
Future
8/10

My read

Former show homes carry a specific value proposition: the builder put their best finishes in this unit to sell the neighbourhood, so the upgrade package is usually well above what a standard spec buyer got. What a buyer needs to think through here is whether the Mahogany lake access, the 2,169 sq ft above grade, and that show-home finish level justify sitting $22,100 above the current SE detached benchmark of $747,800 in a balanced market with 34 average days on market.

What I'd pay
$745,000
Homes of similar vintage and size on streets like Masters Rise and Mahogany Boulevard were trading in the $730K to $755K range in late 2025 through early 2026; a buyer who factors in the show-home upgrades and the beach proximity has a reasonable case for somewhere in that upper band, and that's the range I'd use to anchor any conversation about value on a home like this.

The play

Get a copy of the RPR and any permits pulled on the deck and backyard work before you firm up, and pull the most recent comparable sales on Masters Avenue and Masters Rise from early 2026 so you're walking in with real numbers. The show-home finish and the lake proximity are the two things that separate this from a standard SE detached at the benchmark price, so your job as a buyer is to decide how much those two things are worth to your specific lifestyle.

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Listing photos courtesy of the listing brokerage. View original listing on realtor.ca →

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