JV Realty

Jonathan Varkey REALTOR®

(587) 436-4289

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295 Magnolia Drive SE, Calgary, Alberta

$729,999

6 Beds
5 Baths
1,725 Square Feet

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! (id:23309)

Open house this Sun, Sep 14th from 12:30 PM to 4:30 PM.

Listing ID: A2256336
Property Type: Single Family
Year Built: 2022

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Rooms

Level	Type	Dimensions
4pc Bathroom	Basement	4.92 Ft x 8.83 Ft
4pc Bathroom	Basement	4.92 Ft x 7.83 Ft
Bedroom	Basement	11.92 Ft x 8.83 Ft
Bedroom	Basement	9.50 Ft x 11.33 Ft
Kitchen	Basement	2.83 Ft x 12.50 Ft
Recreational, Games room	Basement	17.50 Ft x 21.67 Ft
Furnace	Basement	7.67 Ft x 8.42 Ft
3pc Bathroom	Main level	5.92 Ft x 5.83 Ft
Bedroom	Main level	9.17 Ft x 9.42 Ft
Dining room	Main level	14.67 Ft x 8.50 Ft
Kitchen	Main level	12.00 Ft x 14.17 Ft
Living room	Main level	14.67 Ft x 11.67 Ft
4pc Bathroom	Upper Level	4.92 Ft x 7.75 Ft
4pc Bathroom	Upper Level	6.17 Ft x 9.00 Ft
Bedroom	Upper Level	9.42 Ft x 12.42 Ft
Bedroom	Upper Level	9.25 Ft x 12.50 Ft
Bonus Room	Upper Level	9.08 Ft x 13.92 Ft
Primary Bedroom	Upper Level	12.17 Ft x 13.83 Ft

Details

Amenities Nearby: Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby
Community Features: Lake Privileges, Fishing
Features: See remarks, Other, Back lane, Closet Organizers
Ownership: Freehold
Parking Spaces: 2
Plan: 2311345
Structure: Deck
Transaction: For sale
Zoning Description: R-G

Building

Amenities: Other
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings
BasementType: Full (Finished)
Basement Development: Finished
Basement Features: Separate entrance, Suite
Bedrooms Main Level: 4
Bedrooms Lower Level: 2
Constructed Date: 2022
Constructed Material: Wood frame
Construction Style Attachment: Detached
Cooling: None
Exterior Finish: Wood siding
Fireplace Present: False
Flooring: Carpeted, Other, Vinyl Plank
Foundation: Poured Concrete
Bathrooms (Total): 5
Heating: Forced air
Size Interior: 1725 sqft
Stories Total: 2
Total Finished Area: 1725.24 sqft
Type: House

Land

Amenities: Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby
Fence: Partially fenced
Landscape Features: Landscaped
Size Frontage: 13.39 m
Size Irregular: 365.00
Size Total: 365 m2|0-4,050 sqft

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 295 Magnolia Drive SE in Calgary Alberta. It was last modified on September 12th, 2025. Contact Jonathan Varkey to schedule a viewing or to discover other Calgary real estate for sale.

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