For Sale: 399 Magnolia Drive SE, Calgary, AB - REW
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$669,999
5 bd 4 ba 1750 sf House

399 Magnolia Drive SECalgary, AB, T3M 3M4

Mahogany
  • 5 Bed
  • 4 Bath
  • 1750 Sqft
  • House

About this home

Welcome to 399 Magnolia Drive SE, a modern two storey home with a basement legal suite in the heart of Mahogany, one of Calgary's most sought after lake communities. Built in 2023, this thoughtfully designed home offers 5 bedrooms, 3.5 bathrooms, and 1,749 sq. ft. RMS above grade, fully finished basement legal suite( 2 bedrooms) with a separate private entrance. The main level features a bright open concept layout with quartz countertops, a large kitchen island, luxury vinyl plank flooring, a dedicated home office, and spacious living and dining areas designed for comfortable everyday living and entertaining. Upstairs, you'll find a generous primary bedroom complete with a walk-in closet and 3-piece ensuite, along with two additional bedrooms, a full bathroom, and the convenience of upper-level laundry. The legal basement is an excellent mortgage helper or investment opportunity, offering 2 bedrooms, a full kitchen, a 4-piece bathroom, with a laundry, and its own private entrance. The main floor is vacant, providing immediate possession for an owner-occupant, while the basement is currently tenanted with a lease in place until August 2026. Outside, enjoy a private backyard, rear alley access with a parking pad, and an unbeatable location just minutes from Mahogany Lake, the Mahogany Beach Club, parks, playgrounds, schools, shopping, restaurants, and extensive walking and biking pathways. A rare opportunity to own a nearly new home with a legal suite in one of Calgary's premier lake communities, ideal for homeowners and investors alike.
Listed by: Evelyn Osemwegie, URBAN-REALTY.ca

Home facts and features

Price details
List Price
Home facts
Bedrooms
5
Full Bathrooms
3
Partial Bathrooms
1
Parking Spaces
2
Property Type
House
Lot Size
2614 ft²
Frontage
25.39 ft
Year Built
Built in 2023 (3 yrs old)
Style
2 Storey
Heating Type
Forced Air,Natural Gas
Basement Details
Full
Features
Back Lane, Back Yard, Built-in Features, In Basement, Kitchen Island, Lake, No Animal Home, No Smoking Home, Park, Private Yard, Quartz Counters, Schools Nearby, Separate Entrance, Street Lights, Upper Level, Walk-in Closet(s), Walking/bike Paths
Amenities
Clubhouse, Playground, Shopping Nearby
Appliances
Dishwasher, Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Washer, Washer/Dryer
Community
Agent details
Primary Agent
Primary Broker
URBAN-REALTY.ca
Listing details
Days on REW
2 Days
Property Views
66
MLS® Number
A2331310
Source
Pillar 9
Board
Calgary Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Divine Mercy School
  • n/a
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  • In Catchment
Prince Of Peace School
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St. Isabella School
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Copperfield School
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Auburn Bay School
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  • In Catchment
Dr. Martha Cohen School
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  • In Catchment
St. Marguerite School
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  • In Catchment
New Brighton School
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  • In Catchment
McKenzie Highlands School
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  • In Catchment
St. Albert The Great School
  • n/a
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  • In Catchment
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-07-25.