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399 Magnolia Drive SE
Mahogany Calgary T3M 3M4

$689,999
Residential beds: 5 baths: 4.0 1,749 sq. ft. built: 2023

Main Photo: 399 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2292130
Photo 1: 399 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2292130
Photo 2: 399 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2292130
Photo 3: 399 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2292130
Photo 4: 399 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2292130
Photo 5: 399 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2292130
Photo 6: 399 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2292130
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Photo 37: 399 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2292130
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2292130
Bedrooms:
5
Bathrooms:
4
Year Built:
2023
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
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.
Below Grade Finished Area:
808.26 sq. ft.
HOA Fee Frequency:
Annually
Acreage:
No
Lot Area:
2,830 sq. ft.
Lot Frontage:
25'5"
Front Exposure:
Southwest
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
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Virtual Tour

Listed by URBAN-REALTY.ca
Data was last updated March 12, 2026 at 04:05 PM (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.
Robert Hinsperger

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Looking to buy or sell a home in City Centre Calgary? Call Robert Hinsperger

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* The C-Train is free within the downtown core but everything is easily found within a short walk.

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Buying or selling a home in central city Calgary? Let our team of Calgary real estate agents help you through the purchase of your new City Centre Calgary property or your current City Centre Calgary home. As local City Centre Calgary real estate agents and real estate agents, we have expert insider knowledge of the market dynamics unique to the City Centre Calgary real estate market. We're here to work with you today!


Contact  Robert Hinsperger

Urban Real Estate Services Ltd.

RobertHinsperger@gmail.com

www.yyc-realestate.ca

403.860.2107.


To acquire a lot more information about buyer or seller agency in City Centre Calgary. Planning to get involved in the City Centre Calgary real estate market? Ask for our CMA (comparative market analysis) form to quickly see your City Centre Calgary property economic value estimate within moments. Get more real estate statistics.


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Inner City Calgary real estate market statistics: As of December 6, 2019 currently 1,730 properties for sale in Inner City Calgary listed as active, with an average asking price of $747,001. The highest-priced property is $8,700,000; the lowest priced property can be purchased for around $100,000.


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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.