Calgary Real Estate Geek
Home Communities Mahogany 437 Magnolia Way SE
$839,900 Active
437 Magnolia Way SE · Calgary · T3m 3T5
4 bd 4.0 ba 2,152 sqft $390/sqft Built 2024
MLS® A2312844 · Listed May 22, 2026
Listed by RE/MAX First — Chase Olsen, Nathan Leech
By the numbers

How this listing measures up

Value score Hot deal
🔒 Sign in to view value score
$/sqft $390
vs Mahogany median +13% community avg $742K
Sqft per bedroom 538
Year built 2024
Annual taxes $5,892 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Mahogany

Of 150 active residential listings in Mahogany, this property at $390/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 · $390
Other active listings This listing's price range This listing

About this property

Skip the builder's wait time and buy this CUSTOM BUILT home in the desirable community of MAHOGANY that was extended 3ft in the build stage! Located on a large corner lot, kitty corner to a green space surrounded by upgraded show homes, this location is far from ordinary. Heading inside you're welcomed with a formal entry, a main floor office/den/bedroom, a half bathroom and access to your EXTENDED, OVERSIZED garage! Walking into the main living space you'll appreciate the NW exposure with extra windows due to the corner lot. The chef inspired kitchen has loads of cabinets and upgraded stainless steel appliances including a gas range. The main living space also holds a dining room with sliding doors to the backyard, a walk through pantry leading to the mudroom and 9ft ceilings throughout. Heading upstairs you'll love the WEST facing windows that line the stairwell which also flood the bonus room with natural light. On the left side, you have two generous secondary bedrooms and a 4 piece bathroom. Heading into the primary suite you're spoiled with a large room fit for a king bed, a beautiful five-piece ensuite with heated floors, and a walk-in closet with direct access to the upgraded laundry room. The lower level is fully finished with a large recreation room, a wet bar with a bar fridge and dishwasher, your 4th bedroom, a four-piece bathroom and your mechanical/storage room. Upgrades throughout include window coverings, quartz countertops, an extended garage (width and length). This home is on one of the largest lots in the new area and is in a prime location. With friendly neighbors and lake access, this is the perfect place to call home. **LANDSCAPING, FENCING, & DECK CAN BE COMPLETED PRIOR TO POSSESSION OR CREDIT PROVIDED TO BUYER - SELLER IS NEGOTIABLE **

Property details

Bedrooms4
Bathrooms4.0
Style2 Storey
HeatingIn Floor,Forced Air
CoolingNone
FlooringCarpet,Vinyl
LevelsTwo
BasementFull
Basement developmentFinished
Interior featuresNo Smoking Home,Open Floorplan,Pantry,Quartz Counters,Storage,Vinyl Windows
AppliancesDishwasher,Gas Stove,Microwave,Range Hood,Refrigerator,Washer/Dryer,Window Coverings
InclusionsDoorbell camera, upstairs tv mount, garage door opener, basement bar fridge, basement dishwasher
LaundryUpper Level
Lot size5026.00 sqft
Frontage58.43 ft
Lot featuresBack Lane,Back Yard,Corner Lot,Front Yard,Gentle Sloping
Exterior featuresBBQ gas line
FencingNone
PatioNone
Year built2024
Construction materialsComposite Siding,Stone
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDouble Garage Attached,Oversized
Garage spaces2
Parking total2
Annual taxes$5,892
Tax year2025
Possession60 Days / Neg
ZoningR-G
TitleFee Simple
RestrictionsNone Known
NeighbourhoodMahogany
Community featuresClubhouse,Lake,Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Tennis Court(s),Walking/Bike Paths
List AORCalgary

Location

Sold comparables in Mahogany

233 recent sales in Mahogany

VOW members see sold prices, sold dates, and full comparable details. Free registration; takes 30 seconds.

Sign up to see sold data

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.
Full Mahogany community profile →

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

Browse Calgary homes by feature

Heritage & Character Homes New Construction Homes Character Homes Homes Near C-Train Legal Suite Homes Backing Onto Park EV Charging Homes Hot Tub Homes River Homes Walkout Basements Luxury Homes Triple Car Garage Just Listed

Similar listings in Mahogany

Listed by: RE/MAX First — Chase Olsen, Nathan Leech.