12 hours on Market

288 Magnolia Cres, Calgary, Alberta T3M 3T3

Detached
5 + 2
4 + 1
~2740.14 sqft
$985,000
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Detached
5 + 2
4 + 1
~2740.14 sqft

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Highlights

Property Estimate

Days on market12 hours

Estimated valueNot available

Price/Sqft$359/sqft

Monthly cost

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Description

Welcome to this exceptional 2024 built luxury home by Excel Homes, located in the prestigious lake community of Mahogany. Offering over 2,500 SQFT of refined living space and a total of 7 bedrooms, this home is a rare opportunity for those seeking both elevated living and strong investment potential. From the moment you enter, the quality is unmistakable. This residence features over $200,000 in professionally selected upgrades, thoughtfully designed to enhance both style and functionality throughout. The main and upper levels showcase upgraded luxury flooring, 9 foot ceilings, and an expansive open concept layout filled with natural light. The chef inspired kitchen is upgraded with extended cabinetry, enhanced layout design, and premium finishes, seamlessly flowing into the main living and dining areas, perfect for both everyday living and upscale entertaining. Additional high end features include custom interior railings with metal spindles, a black farmhouse lighting package, upgraded fixtures throughout, and enlarged windows with an upgraded patio door, creating a bright and inviting atmosphere across the home. The upper level continues to impress with spacious bedrooms and a luxury primary ensuite featuring upgraded tile work, a fully tiled shower, and refined finishes that create a true retreat. A standout feature of this property is the fully legal basement suite with 2 bedroom, 1 bathroom, professionally built by the builder, complete with a separate entrance, dedicated mechanical systems, and full kitchen and laundry. This space is ideal for generating rental income, accommodating extended family, or maximizing long term value. Further enhancements include upgraded ceiling heights, architectural customization, and a functional layout designed for modern living. Situated in Mahogany, residents enjoy access to Calgary’s premier lake lifestyle, including private beaches, year round activities, extensive pathways, parks, and top tier amenities. This is more than just a home, it is a fully upgraded, income generating luxury property in one of Calgary’s most desirable communities.


Property Details

Style2 Storey
View-
Age of property2024
SqFt~2740.14 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2299275
Community NameMahogany
Data SourcePILLAR 9
Listing byReal Broker

Features

Heating: Forced Air
Cooling: Central Air
Basement: Full,Finished,Separate/Exterior Entry

Main Floor

2pc Bathroom

5`1" x 5`7"

Dining Room

11`9" x 13`11"

Foyer

13`8" x 16`4"

Kitchen

22`5" x 14`3"


Features

Patio: Deck,See Remarks

Parking

Garage spaces 2

Garage type -

Other parking spaces 2

Total parking spaces 4


Property History

Apr 15, 2026
ListedActive
$985,000
12 hours on market
history photo preview49
Listing by pillar 9®
Property listed by Real Broker, Brokerage
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Market Data - Mahogany

Geo Zone Map ThumbnailMahogany

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

36 days

Compared to

2025

28 days

2024

27 days

2023

24 days

New Listings

Past 30 days

44 listings

Compared to

2025

51 listings

2024

32 listings

2023

32 listings

Units sold

Past 30 days

28 units

Compared to

2025

19 units

2024

30 units

2023

18 units

Median Sold Price

Past 30 days

$756,750

Compared to

2025

$800,000

2024

$847,500

2023

$663,264


Population and Demographics

Overview

Total population 8309
Average household income $151,401

Age (%)

0 to 19
30%
20 to 34
22%
35 to 49
30%
50 to 64
10%
65 and plus
7%

Household composition (%)

Single family
72%
Single person
23%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
79%
Tagalog (Pilipino, Filipino)
4%
Spanish
4%
Russian
2%
Mandarin
1%
Arabic
1%
French
1%
Punjabi (Panjabi)
1%
Korean
1%
Others
0%

House tenancy (%)

Owners
76%
Renters
24%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget