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.
For sale
C$674,999
399 SW Magnolia Dr SE, Calgary, AB T3M 3M4
5beds
1,749sqft
Single Family Residence
Built in 2023
2,613 Square Feet Lot
$-- Zestimate®
C$386/sqft
C$48/mo HOA
What's special
Open concept layoutQuartz countertopsKitchen islandVinyl plank flooringDedicated main-floor officeUpper level laundryPrivate backyard
- 112 days |
- 10 |
- 0 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Evelyn Osemwegie, Associate,
Urban-Realty.Ca
Source: courtesy of Pillar9 System,MLS®#: A2292130
Originating MLS®#: Calgary
Originating MLS®#: CalgaryFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Bedroom
- Level: Second
- Dimensions: 10`2" x 9`6"
Bedroom
- Level: Second
- Dimensions: 9`4" x 13`0"
Other
- Level: Second
- Dimensions: 11`11" x 13`4"
Bedroom
- Level: Basement
- Dimensions: 9`1" x 11`3"
Bedroom
- Level: Basement
- Dimensions: 8`9" x 11`3"
Other
- Level: Main
- Dimensions: 5`8" x 4`11"
Other
- Level: Second
- Dimensions: 8`5" x 4`11"
Other
- Level: Basement
- Dimensions: 7`9" x 4`11"
Other
- Level: Second
- Dimensions: 6`6" x 10`0"
Dining room
- Level: Main
- Dimensions: 12`10" x 9`8"
Family room
- Level: Second
- Dimensions: 11`11" x 13`1"
Foyer
- Level: Main
- Dimensions: 8`2" x 9`2"
Other
- Level: Basement
- Dimensions: 17`9" x 7`8"
Game room
- Level: Basement
- Dimensions: 13`0" x 13`6"
Kitchen
- Level: Main
- Dimensions: 12`10" x 11`9"
Kitchen
- Level: Basement
- Dimensions: 6`2" x 13`9"
Laundry
- Level: Second
- Dimensions: 6`3" x 7`3"
Living room
- Level: Main
- Dimensions: 15`4" x 13`9"
Office
- Level: Main
- Dimensions: 10`4" x 7`8"
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Washer, Washer/Dryer
- Laundry: In Basement, Upper Level
Features
- Built-in Features, Kitchen Island, No Animal Home, No Smoking Home, Quartz Counters, Separate Entrance, Walk-In Closet(s)
- Flooring: Carpet, Tile
- Basement: Full
- Has fireplace: No
Interior area
- Total interior livable area: 1,749 sqft
- Finished area above ground: 1,749
- Finished area below ground: 808
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Alley Access, Parking Pad
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two,2 Storey
- Stories: 1
- Patio & porch: None
- Exterior features: Private Yard
- Fencing: None
- Frontage length: 7.74M 25`5"
Lot
- Size: 2,613 Square Feet
- Features: Back Yard
Details
- Parcel number: 101773975
- Zoning: R-G
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Frame
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 2023
Community & HOA
Community
- Features: Clubhouse, Lake, Park, Playground
- Subdivision: Mahogany
HOA
- Has HOA: No
- Amenities included: None
- HOA fee: C$575 annually
Location
- Region: Calgary
Financial & listing details
- Price per square foot: C$386/sqft
- Date on market: 3/12/2026
- Inclusions: NA
Evelyn Osemwegie, Associate
Evelyn Osemwegie, Associate
(825) 558-2942
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Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: Mahogany
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
- Alberta
- Division No. 6
- Calgary
- T3M 3M4
- Mahogany
- 399 SW Magnolia Dr SE
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