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Home Communities Mahogany 338 Magnolia Way SE
$899,900 Expired
338 Magnolia Way SE · Calgary · T3M 3S6
6 bd 4.0 ba 2,259 sqft $398/sqft Built 2024
MLS® A2308777 · Listed May 7, 2026
Listed by eXp Realty — Jonathan Popowich
By the numbers

How this listing measures up

$/sqft $398
vs Mahogany median +21% community avg $742K
Sqft per bedroom 377
Year built 2024
Annual taxes $5,858 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Mahogany

Of 150 active residential listings in Mahogany, this property at $398/sqft sits in the $350–400 range.
$250–$300/sqft · 1 listing $300–$350/sqft · 23 listings $350–$400/sqft · 46 listings $400–$450/sqft · 32 listings $450–$500/sqft · 14 listings $500–$550/sqft · 6 listings $550–$600/sqft · 2 listings $600–$650/sqft · 2 listings $650–$700/sqft · 10 listings $700–$750/sqft · 3 listings $750–$800/sqft · 2 listings $800–$850/sqft · 2 listings $850–$900/sqft · 2 listings $900–$950/sqft · 1 listing $950–$1000/sqft · 0 listings $1000–$1050/sqft · 2 listings $1050–$1100/sqft · 0 listings $1100–$1150/sqft · 1 listing $1150–$1200/sqft · 0 listings $1200–$1250/sqft · 0 listings $1250–$1300/sqft · 0 listings $1300–$1350/sqft · 0 listings $1350–$1400/sqft · 0 listings $1400–$1450/sqft · 1 listing $250 $350 $450 $550 $650 $750 $850 $950 $1050 $1150 $1250 $1350 $1450 This · $398
Other active listings This listing's price range This listing

About this property

Located in the heart of Mahogany, this 2024 Jayman Built home offers a rare combination of thoughtful design, high-end upgrades, and built-in income potential. Featuring the Karma floorplan and over 2,250 sq ft above grade , this is a turn-key opportunity with a fully finished legal basement suite already tenanted through March 2027. The main floor is bright, open, and built for everyday living. Durable luxury vinyl plank flooring runs throughout, while the great room is anchored by an upgraded electric fireplace. The kitchen stands out with upgraded countertops on both the island and perimeter, premium KitchenAid appliances, under-cabinet lighting, garburator, and a dedicated reverse osmosis system. It’s a space that balances clean design with real functionality. Upstairs, the layout continues to impress with a spacious primary retreat featuring a spa-inspired ensuite complete with a soaker tub and upgraded shower. Two additional bedrooms, a full bath, upper laundry, and a bonus room provide flexibility for families, guests, or work-from-home needs. The legal basement suite mirrors the quality of the main home, offering its own kitchen, living space, two bedrooms, and separate laundry. With a tenant already in place, it provides immediate and reliable income from day one. Beyond the finishings, this home is packed with upgrades that elevate day-to-day living. A commercial-grade Huebsch washer, Hunter Douglas blinds, upgraded interior doors, LED lighting, and enhanced carpet underlay all contribute to the overall feel of quality throughout. Outside, the fully landscaped backyard is designed for low-maintenance enjoyment, featuring a brick patio, privacy trees, gravel accents, and a custom fence with lattice detailing. The home also includes 10 solar panels to help offset utility costs, along with Gemstone exterior lighting that adds both curb appeal and functionality. Technology and infrastructure have been carefully considered. The home is fully hardwired with Ethernet and includes Ubiquiti Wi-Fi access points for seamless connectivity. A full security system with cameras, monitored alarm, and smoke detection is already in place. Additional upgrades like a whole-home surge protector, smart water shut-off, water softener, central A/C, and an HRV system with UV and MERV 11 filtration ensure comfort, efficiency, and peace of mind year-round. This is a home that goes beyond the typical new build offering, combining modern design, advanced systems, and long-term value in one of Calgary’s lake communities.

Property details

Bedrooms6
Bathrooms4.0
Style2 Storey
HeatingForced Air,Natural Gas
CoolingCentral Air
FlooringCarpet,Ceramic Tile,Vinyl Plank
LevelsTwo
BasementFull
Basement developmentFinished
Interior featuresCeiling Fan(s),Closet Organizers,Double Vanity,High Ceilings,Jetted Tub,Kitchen Island,Open Floorplan,Pantry,Quartz Counters,Storage,Walk-In Closet(s)
AppliancesCentral Air Conditioner,Dishwasher,Double Oven,Garage Control(s),Gas Cooktop,Microwave,Range Hood,Refrigerator,Washer/Dryer,Window Coverings
InclusionsN/A
LaundryLaundry Room,Upper Level
Lot size3379.00 sqft
Frontage29.4 ft
Lot featuresBack Yard,Landscaped,Rectangular Lot
Exterior featuresPrivate Yard
FencingFenced
PatioDeck
Year built2024
Construction materialsVinyl Siding,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDouble Garage Attached
Garage spaces2
Parking total4
Annual taxes$5,858
Tax year2025
PossessionNegotiable
ZoningR-G
TitleFee Simple
RestrictionsUtility Right Of Way
NeighbourhoodMahogany
Community featuresClubhouse,Fishing,Lake,Park,Playground,Schools Nearby,Shopping Nearby,Tennis Court(s),Walking/Bike Paths
List AORCalgary

Location

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About Mahogany

AI-generated summary

Calgary'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.
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This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.

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Listed by: eXp Realty — Jonathan Popowich.