Overview
MLS® Number: A2292130
Type: Detached
Bedrooms: 5
Bathrooms: 4.0
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 Grade808 sq. ft.
Main Level867 sq. ft.
Upper Level882 sq. ft.
Rooms Above Grade9
Beds Above Grade3
Beds Below Grade2
Bathrooms
4-Piece2
3-Piece Ensuite1
2-Piece1
EnsuiteYes
Construction
Style2 Storey
Exterior MaterialWood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
New ConstructionNo
Parking & Garage
Garage Stalls2
Total Parking2
FeaturesAlley Access,Parking Pad
Basement
TypeFull
DevelopmentFinished
FeaturesSeparate/Exterior Entry
Interior
HeatingForced Air,Natural Gas
CoolingNone
FlooringCarpet,Tile,Vinyl Plank
LaundryIn Basement,Upper Level
FeaturesBuilt-in Features,Kitchen Island,No Animal Home,No Smoking Home,Quartz Counters,Separate Entrance,Walk-In Closet(s)
AppliancesDishwasher,Dryer,Electric Range,Microwave,Range Hood,Refrigerator,Washer,Washer/Dryer
InclusionsNA
Exterior & Lot
ExteriorPrivate Yard
FencingNone
Patio / PorchNone
Lot FeaturesBack Yard
Frontage25.39 ft.
CommunityClubhouse,Lake,Park,Playground,Schools Nearby,Shopping Nearby,Walking/Bike Paths
Financial & Legal
Annual Tax$4,690 (2025)
Possession90 Days / Neg
ZoningR-G
TitleFee Simple
RestrictionsEasement Registered On Title,Restrictive Covenant,Utility Right Of Way
Mortgage Calculator
Location
399 Magnolia Drive SE, Mahogany, Calgary, AB
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Contact Agent
Robb Leece, REALTOR®
Robb Leece, REALTOR®
Graham Realty Inc. 403-478-4335 robbleece@gmail.com
Call 403-478-4335
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