338 Magnolia Way SE | Mahogany | Calgary

Reduced

Reduced

338 Magnolia Way | Mahogany

Beds
4 2
Baths
3.5
Sqft
2,259
Lot Sqft
3,379
Year Built
2024
Days Listed
27
Type
Detached
Status
Active
Garage
Yes
Foundation
Concrete
Condo Fee
No
Price Change
-$25k, 29-May

Located in the heart of Mahogany, this 2024 Jayman Built home offers a rare combination of thoughtful design, high-end upgrades, and built-in income potential. Featuring the Karma floorplan and over 2,250 sq ft above grade , this is a turn-key opportunity with a fully finished legal basement suite already tenanted through March 2027. The main floor is bright, open, and built for everyday living. Durable luxury vinyl plank flooring runs throughout, while the great room is anchored by an upgraded electric fireplace. The kitchen stands out with upgraded countertops on both the island and perimeter, premium KitchenAid appliances, under-cabinet lighting, garburator, and a dedicated reverse osmosis system. It’s a space that balances clean design with real functionality. Upstairs, the layout continues to impress with a spacious primary retreat featuring a spa-inspired ensuite complete with a soaker tub and upgraded shower. Two additional bedrooms, a full bath, upper laundry, and a bonus room provide flexibility for families, guests, or work-from-home needs. The legal basement suite mirrors the quality of the main home, offering its own kitchen, living space, two bedrooms, and separate laundry. With a tenant already in place, it provides immediate and reliable income from day one. Beyond the finishings, this home is packed with upgrades that elevate day-to-day living. A commercial-grade Huebsch washer, Hunter Douglas blinds, upgraded interior doors, LED lighting, and enhanced carpet underlay all contribute to the overall feel of quality throughout. Outside, the fully landscaped backyard is designed for low-maintenance enjoyment, featuring a brick patio, privacy trees, gravel accents, and a custom fence with lattice detailing. The home also includes 10 solar panels to help offset utility costs, along with Gemstone exterior lighting that adds both curb appeal and functionality. Technology and infrastructure have been carefully considered. The home is fully hardwired with Ethernet and includes Ubiquiti Wi-Fi access points for seamless connectivity. A full security system with cameras, monitored alarm, and smoke detection is already in place. Additional upgrades like a whole-home surge protector, smart water shut-off, water softener, central A/C, and an HRV system with UV and MERV 11 filtration ensure comfort, efficiency, and peace of mind year-round. This is a home that goes beyond the typical new build offering, combining modern design, advanced systems, and long-term value in one of Calgary’s lake communities.

MLS ® #: A2308777
Listing Office: eXp Realty
Date Listed: May 7, 2026 - 28 days on site
Last Updated: Jun 04, 2026 04:25am MST

$899,900

Details

Style:
2 storey

Garage Size:
2

Interior:
ceiling fan(s), closet organizers, double vanity, high ceilings, jetted tub, kitchen island, open floorplan, pantry, quartz counters, storage, walk-in closet(s)

Exterior:
private yard

Lot:
back yard, landscaped, rectangular lot

Parking/Garage:
double garage attached

Frontage (feet):
29.40

Even More Details

Taxes:
$0

Foundation:
poured concrete

Construction:
vinyl siding,wood frame

Flooring:
carpet,ceramic tile,vinyl plank

Roof:
asphalt shingle

Heating:
forced air,natural gas

Inclusions:
n/a

Room Sizes

Living Room

14`0" x 12`11"

Kitchen

18`8" x 14`0"

Dining Room

10`0" x 10`0"

Bedroom

10`7" x 9`5"

2pc Bathroom

5`3" x 4`9"

Media Room

11`6" x 12`1"

Bedroom - Primary

14`2" x 12`4"

Walk-In Closet

11`6" x 10`11"

5pc Ensuite bath

13`9" x 11`6"

Bedroom

12`11" x 9`0"

Bedroom

13`1" x 9`0"

4pc Bathroom

8`8" x 6`8"

Laundry

5`11" x 5`10"

Family Room

14`9" x 13`10"

Kitchen

10`9" x 7`10"

Bedroom

13`7" x 9`4"

Bedroom

9`8" x 9`6"

4pc Bathroom

8`7" x 4`11"

Furnace/Utility Room

8`7" x 8`1"

Thoughtful | Loyal | Effective

Loving this home?

Breanna will call to discuss.

"Would definitely recommend, especially for first-time homebuyers who need a little bit more guidance and help" - Jennifer Sine

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Breanna
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