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Overview
MLS® Number:
A2292130
Type:
Detached
Bedrooms:
5
Bathrooms:
3/1
Living Area:
1,749 sq. ft.
Lot Size:
2,830
Square Feet
Year Built:
2023
Community:
Mahogany
Description
Welcome to 399 Magnolia Drive SE, a modern 2storey home with a legal basement suite located in the heart of Mahogany, one of Calgary’s most sought after lake communities. Built in 2023, this well-designed property offers 5 bedrooms and 3.5 bathrooms with 1,749 sq ft RMS above grade, plus a fully finished basement with separate exterior entrance. The main home features an open concept layout with quartz countertops, a kitchen island, vinyl plank flooring, a dedicated main-floor office, and a bright dining and living space ideal for everyday living. Upstairs, you’ll find a spacious primary bedroom with walk in closet and 3 piece ensuite, two additional bedrooms, a full bath, and upper level laundry for convenience. The legal basement suite includes 2 bedrooms, a full kitchen, 4-piece bath, in-suite laundry, and a private entrance, making it an excellent mortgage helper or long term investment. Enjoy rear alley access with parking pad, a private backyard, and proximity to Mahogany Lake, beaches, the Mahogany Beach Club, parks, playgrounds, schools, shopping, restaurants, and extensive walking & bike paths. Tenant-occupied property , ideal for investors or buyers comfortable assuming tenancy as the basement tenant is willing to stay. A rare opportunity to own a nearly new home with a legal suite in a premier lake community.
Seller Brokerage: URBAN-REALTY.ca
Property Details
Size & Rooms
Below Grade
Main Level
Upper Level
Rooms Above Grade
Beds Above Grade
Beds Below Grade
Bathrooms
4-Piece
3-Piece Ensuite
2-Piece
Ensuite
Construction
Style
Exterior Material
Roof
Foundation
New Construction
Parking & Garage
Garage Stalls
Total Parking
Features
Basement
Type
Development
Features
Interior
Heating
Cooling
Flooring
Laundry
Features
Appliances
Inclusions
Exterior & Lot
Exterior
Fencing
Patio / Porch
Lot Features
Frontage
Community
Financial & Legal
Annual Tax
Possession
Zoning
Title
Restrictions
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Community Statistics
Calgary Police Service · City of Calgary Open DataAnnual disorder incidents reported in Mahogany. Disorder includes noise complaints, suspicious persons, public disturbances, and similar matters.
2020
260 incidents
2021
251 incidents
2022
277 incidents
2023
292 incidents
2024
333 incidents
▲ 14% more incidents in 2024 vs the prior year.
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Full community profile
Mahogany is a prestigious lakefront community in Calgary's southeast, renowned for its stunning man-made lake and resort-style amenities. This master-planned neighbourhood offers an exceptional quality of life with beautiful homes, extensive recreational facilities, and a strong sense of community that attracts families and professionals alike.
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