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2 days on Market

295 Magnolia Dr, Calgary, Alberta T3M 3N1

Detached
4 + 2
5
~1725.24 sqft
$729,999
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Detached
4 + 2
5
~1725.24 sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$423/sqft

Monthly cost

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Description

FACING GORGEOUS PARK! Welcome to Mahogany, Calgary’s premier 4 season lake community and a smart investment opportunity rolled into one. This HIGHLY UPGRADED property offers over 2,518 sq. ft. of total developed living space, complete with a fully legal basement suite with 2 bedroom, 2 bathroom, all in a sought after location directly facing a gorgeous park and playground! The main level is designed with investors and extended families in mind. The main floor features a bright open-concept layout, soaring ceilings, 8 ft doors, luxury vinyl plank flooring, and a modern two-toned kitchen with herringbone tile backsplash, stainless steel appliances, and a beautiful quartz adorned island. A main floor bedroom (or office) with a full 3 piece bathroom provides flexible options for guests or multi-generational living—boosting rental appeal. Upstairs, you’ll find a spacious bonus room, 3 additional bedrooms, and 2 full bathrooms, including a private primary 4 pc. ensuite. The lower level is where this home truly shines: a separately accessed, legal 2-bedroom, 2-bathroom living space with its own kitchen, living area, laundry, and high-end finishes. Whether you’re looking to generate income, host extended family, or offset your mortgage, this secondary suite makes the property a standout investment. Outside, you’ll appreciate the low-maintenance yard, with a rear 2 car parking pad with future garage potential, and unbeatable front curb appeal directly across from green space. Located in a family-friendly, amenity-rich community, Mahogany offers residents exclusive access to its private lake, beaches, skating rinks, and year-round recreation. Plus, you’re just minutes from shopping, restaurants, schools, and South Health Campus, making it attractive for both homeowners and tenants. Whether you’re building your portfolio or looking for a home that pays you back, this Mahogany gem delivers. Schedule your private tour today!


Upcoming Open House

Sep 14Sun12:30 PM - 4:30 PM

Property Details

Style2 Storey
View-
Age of property2022
SqFt~1725.24 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2256336
Community NameMahogany
Data SourcePILLAR 9
Listing byeXp Realty

Features

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

Basement Floor

4pc Bathroom

4`11" x 8`10"

4pc Bathroom

4`11" x 7`10"

Bedroom

11`11" x 8`10"

Bedroom

9`6" x 11`4"


Features

Patio: Deck

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property History

Sep 11, 2025
ListedActive
$729,999
2 days on market
history photo preview50
Listing by pillar 9®
Property listed by eXp Realty, Brokerage
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Market Data - Mahogany

Geo Zone Map ThumbnailMahogany

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

43 days

Compared to

2024

36 days

2023

36 days

2022

23 days

New Listings

Past 30 days

40 listings

Compared to

2024

20 listings

2023

21 listings

2022

28 listings

Units sold

Past 30 days

27 units

Compared to

2024

15 units

2023

18 units

2022

19 units

Median Sold Price

Past 30 days

$755,000

Compared to

2024

$800,000

2023

$810,375

2022

$695,000


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