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!
Address
295 Magnolia Drive SE
List Price
$729,999
Property Type
Residential
Type of Dwelling
Detached
Style of Home
2 Storey
Transaction Type
Sale
Area
Calgary SE
Sub-Area
Mahogany
Bedrooms
6
Bathrooms
5
Floor Area
1,725 Sq. Ft.
Lot Size
3928 Sq. Ft.
Year Built
2022
MLS® Number
A2256336
Listing Brokerage
eXp Realty
Basement Area
Separate/Exterior Entry, Finished, Full, Suite
Postal Code
T3M 3N1
Zoning
R-G
Site Influences
See Remarks, Front Yard, Back Yard, Landscaped, Low Maintenance Landscape, Private, Clubhouse, Playground, Lake, Other, Sidewalks, Street Lights, Tennis Court(s), Fishing, Park, Back Lane, Other, Schools Nearby, Shopping Nearby, Walking/Bike Paths