For Sale: 399 Magnolia Drive SE, Calgary, AB - REW
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$674,999
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 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.
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 Yard, Built-in Features, In Basement, Kitchen Island, Lake, No Animal Home, No Smoking Home, Park, Private Yard, Quartz Counters, Schools Nearby, Separate Entrance, 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
88 Days
Property Views
58
MLS® Number
A2292130
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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Dr. Martha Cohen School
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  • In Catchment
St. Marguerite School
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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 2026-06-07.