$674,999
399 Magnolia Drive SE
Beds
5
Baths
4 full + 1 half
Sqft
—
Year
2023
Type
Single Family
Suite
Legal suite
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
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. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Mahogany
- Common interest
- Freehold
- Living area
- 1,749 square feet
- Lot size
- 263 square meters
- Lot dimensions
- 263.00
- Bedrooms
- 3 above grade, 2 below grade
- Parking
- 2 total
- Stories
- 2
- On market
- Mar 12, 2026
- Status changed
- May 2, 2026
- Annual tax
- $4,690 (2025)
- Zoning
- R-G
- Photos
- 37
- MLS#
- A2292130
- Area
- CALGARY_SE
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Construction
Flooring
Foundation
Lot
Community
Security
Cash on cash
-1.08%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,178
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 2, 2026.