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. (id:32467)

Ammenities Near By

• Ammenities Near By: Park, Playground, Schools, Shopping, Water Nearby

Building

• Appliances: Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave, Hood Fan, Washer & Dryer
• Basement Development: Finished
• Basement Features: Separate entrance, Suite
• Basement Type: Full (Finished)
• Construction Style: Detached
• Cooling Type: None
• Fireplace: No
• Flooring Type: Carpeted, Tile, Vinyl Plank
• Interior Size: 1749 sqft
• Building Type: House
• Stories: 2

Features

• Feature: No Animal Home, No Smoking Home

Land

• Land Size: 263 m2|0-4,050 sqft

Ownership

• Type: Freehold

Structure

• Structure: None

Zoning

• Description: R-G

Information entered by URBAN-REALTY.ca
Listing information last updated on: 2026-05-02 12:18:47