2 days on Market

399 Magnolia Dr, Calgary, Alberta T3M 3M4

Detached
3 + 2
4 + 1
~1749.28 sqft
$689,999
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Detached
3 + 2
4 + 1
~1749.28 sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$394/sqft

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Description

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 Details

Style2 Storey
View-
Age of property2023
SqFt~1749.28 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2292130
Community NameMahogany
Data SourcePILLAR 9
Listing byURBAN-REALTY.ca

Features

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

Main Floor

2pc Bathroom

5`8" x 4`11"

Dining Room

12`10" x 9`8"

Foyer

8`2" x 9`2"

Kitchen

12`10" x 11`9"


Parking

Garage spaces 2

Garage type -

Other parking spaces 0

Total parking spaces 2


Property History

Mar 12, 2026
ListedActive
$689,999
2 days on market
history photo preview37
Listing by pillar 9®
Property listed by URBAN-REALTY.ca, 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

34 days

Compared to

2025

22 days

2024

31 days

2023

33 days

New Listings

Past 30 days

29 listings

Compared to

2025

27 listings

2024

26 listings

2023

18 listings

Units sold

Past 30 days

20 units

Compared to

2025

16 units

2024

22 units

2023

6 units

Median Sold Price

Past 30 days

$730,750

Compared to

2025

$712,500

2024

$707,000

2023

$660,000


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