399 Magnolia Drive SE
Calgary
T3M 3M4
$689,999
Residential
beds: 5
baths: 4.0
1,749 sq. ft.
built: 2023
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2292130
- Bedrooms:
- 5
- Bathrooms:
- 4
- Year Built:
- 2023
- Photos (37)
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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.
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- Yes
- Num Legal Suites:
- 1
- Num Illegal Suites:
- 0
- Home Style:
- 2 Storey
- Total Living Area:
- 1,749.28 sq. ft.
- Main Level Finished Area:
- 867.44 sq. ft.
- Upper Level Finished Area:
- 881.84 sq. ft.
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Below Grade Finished Area:
- 808.26 sq. ft.
- Taxes:
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- Tax Assessed Value:
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- HOA Fee Frequency:
- Annually
- HOA Fee Includes:
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- Acreage:
- No
- Lot Area:
- 2,830 sq. ft.
- Lot Frontage:
- 25'5"
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Front Exposure:
- Southwest
- Reg. Size:
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- Reg. Size Includes:
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- Levels:
- Two
- Total Rooms Above Grade:
- 9
- Year built:
- 2023 (Age: 3)
- Bedrooms:
- 5 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 2
- Bathrooms:
- 4.0 (Full:3, Half:1)
- Plan:
- 2311345
- Heating:
- Forced Air, Natural Gas
- Basement:
- Full, Finished, Separate/Exterior Entry
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- Yes
- Flooring:
- Carpet, Tile, Vinyl Plank
- Cooling:
- None
- Fireplaces:
- 0
- Garage:
- No
- Garage Spaces:
- 2
- Parking:
- Alley Access, Parking Pad
- Parking Places:
- 2
- Parking Total/Covered:
- 2 / -
- Laundry Features:
- In Basement, Upper Level
- HOA Fee:
- $574.80
- Southeast
- Mahogany
- None
- Dishwasher, Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Washer, Washer/Dryer
- NA
- Easement Registered On Title, Restrictive Covenant, Utility Right Of Way
- Floor
- Type
- Size
- Other
- Main Floor
- Dining Room
- 12'10" × 9'8"
- Main Floor
- Foyer
- 9'2" × 8'2"
- Main Floor
- Kitchen
- 12'10" × 11'9"
- Main Floor
- Living Room
- 15'4" × 13'9"
- Main Floor
- Office
- 10'4" × 7'8"
- 2nd Floor
- Bedroom
- 10'2" × 9'6"
- 2nd Floor
- Bedroom
- 13' × 9'4"
- 2nd Floor
- Family Room
- 13'1" × 11'11"
- 2nd Floor
- Laundry
- 7'3" × 6'3"
- 2nd Floor
- Bedroom - Primary
- 13'4" × 11'11"
- Basement
- Bedroom
- 11'3" × 9'1"
- Basement
- Bedroom
- 11'3" × 8'9"
- Basement
- Kitchen
- 13'9" × 6'2"
- Basement
- Game Room
- 13'6" × 13'
- Basement
- Furnace/Utility Room
- 17'9" × 7'8"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 2
- 4'11" x 5'8"
- 2nd Floor
- Yes
- 3
- 10' x 6'6"
- 2nd Floor
- No
- 4
- 4'11" x 8'5"
- Basement
- No
- 4
- 4'11" x 7'9"
- Title to Land:
- Fee Simple
- Community Features:
- Clubhouse, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
- Interior Features:
- Built-in Features, Kitchen Island, No Animal Home, No Smoking Home, Quartz Counters, Separate Entrance, Walk-In Closet(s)
- Exterior Features:
- Private Yard
- Patio And Porch Features:
- None
- Lot Features:
- Back Yard
- Num. of Parcels:
- 0
- Fencing:
- None
- Region:
- Calgary
- Zone:
- CAL Zone SE
- Zoning:
- R-G
- Listed Date:
- Mar 12, 2026
- Days on Mkt:
- Signup
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Virtual Tour
Listed by URBAN-REALTY.ca
Data was last updated March 12, 2026 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 125
- Avg list price:
- $620,000
- Min list price:
- $238,800
- Max list price:
- $2,174,900
- Avg days on market:
- 44
- Min days on market:
- 0
- Max days on market:
- 254
- Avg price per sq.ft.:
- $419.92
These statistics are generated based on the current listing's property type
and located in
Mahogany. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- John Darel
- Maxwell Canyon Creek
- 1 (403) 861-2733
- jdarel@johndarelrealty.ca
Maxwell Canyon Creek
#203, 20 Sunpark Plaza S.E.
Calgary, Alberta T2X 3T2