MASSIVE LOT! UNLIKE ANY OTHER LANED YOU'VE SEEN! Welcome to 265 Masters Avenue SE, a beautifully designed home in Calgary’s award-winning lake community of Mahogany, just a 5 minute walk to the beach. Situated on a larger-than-average lot for a laned home, this property offers over 2,500 sq. ft. of thoughtfully designed living space, including a 2 bedroom, 2 bathroom LEGAL SUITE with a private entrance and separate mailbox, perfect for multigenerational living or short term rental opportunities. From the attractive covered front porch, you’ll step into a bright main floor, featuring 10 foot ceilings and a practical layout. A main floor office just off the foyer provides a quiet workspace, while the open concept living room with a cozy fireplace flows into a stylish dining area and lastly the rear kitchen. The kitchen showcases white shaker cabinetry, striking tile backsplash, white granite countertops, a feature hood fan, built-in microwave, gas stove, and stainless steel appliances. A mudroom with additional storage space, as well as a convenient powder room complete the main level. Upstairs, you'll find 3 generously sized bedrooms, including a private primary suite with a walk-in closet and 4 piece ensuite. A second full 4 piece bathroom and an upper-floor laundry room add convenience and functionality. A bonus room offers the perfect family hangout or flex space. This home is full of natural light, thanks to its east-facing orientation, providing sunshine in the morning and late afternoon. Enjoy the large back yard, complete with low-maintenance landscaping, durable composite deck, double detached garage, and rear parking pad for additional parking. Other highlights include A/C, vinyl plank flooring throughout, year round lake access. All this tucked away on a quiet low-traffic street, with close proximity to parks & transit bus stops. This Mahogany gem is one you won’t want to miss. Book your showing today!