Active Listing

321 Magnolia Way SE

321 Magnolia Way SE, Calgary

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5Bedrooms
3.5Bathrooms
$739,900Price
1,804Sq Ft

Located in the highly sought-after lake community of Mahogany, this beautifully upgraded and move-in ready home offers over 2,600 sq ft of developed living space with 5 bedrooms and 3.

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Located in the highly sought-after lake community of Mahogany, this beautifully upgraded and move-in ready home offers over 2,600 sq ft of developed living space with 5 bedrooms and 3.5 bathrooms, along with over $50,000 in thoughtful upgrades throughout.The main floor features 9-foot ceilings that create a bright and open atmosphere, along with a versatile front flex room that can function as a home office, sitting area, playroom, or additional living space. The kitchen is the heart of the home and showcases upgraded quartz countertops, extended cabinetry, upgraded appliances, and upgraded lighting and plumbing fixtures, along with an impressive 8-foot island that provides both additional seating and workspace. The open-concept layout allows the kitchen, dining, and living areas to flow seamlessly, making the space ideal for both everyday living and entertaining.Upstairs offers a thoughtfully designed layout featuring three spacious bedrooms, a large bonus room, and the convenience of an upper-floor laundry room. The primary bedroom is exceptionally spacious and features a walk-in closet along with a well-appointed ensuite, creating a comfortable retreat at the end of the day. The fully developed basement features 9-foot ceilings and was professionally constructed by the builder with fire-rated separation, offering two large bedrooms, a full bathroom, and a spacious rec room. With a separate side entrance already in place and the basement roughed in for a future kitchen, the space offers excellent potential for a future secondary suite (subject to City of Calgary approval). Outside, the property features a fully fenced yard, a large rear deck with a poured concrete pad designed for a future hot tub, and a double detached garage finished with durable Hardie board siding that matches the exterior of the home. All improvements have been professionally completed with permits in place, including the garage deck, with a compliant RPR available. With five bedrooms, a fully developed basement, and future secondary suite potential , (subject to City of Calgary approval). this home offers excellent flexibility for growing families, multi-generational living, or those looking to create additional income in the future (subject to City of Calgary approval).Located in Mahogany, Calgary’s premier lake community, residents enjoy year-round lake access with beaches, parks, pathways, playgrounds, schools, and the vibrant shops and restaurants of Westman Village just minutes away. Homes offering this level of space, upgrades, and flexibility in Mahogany rarely come available fully finished and truly move-in ready.

Interactive Experience

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Refined Amenities

Curated features for a sophisticated lifestyle.

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Beach Access

weekend

Clubhouse

yard

Community Gardens

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Party Room

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Picnic Area

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Playground

Specifications

Property Details

Property TypeResidential
Property SubtypeDetached
Style2 Storey
StructureHouse
Transaction TypeFor Sale
New Construction1
Bedrooms5
Full Bathrooms3
Half Bathrooms1
Living Area1,804 sq ft
Living Area (m²)168.0 m²
Lot Size3,239 sq ft
Lot Acres0.0700
Year Built2023
LevelsTwo
Garage Spaces2
Parking Total2
Parking FeaturesDouble Garage Detached,Garage Door Opener,Garage Faces Rear,Oversized,See Remarks
HeatingForced Air
CoolingNone
FlooringCarpet,Ceramic Tile,Vinyl Plank
AppliancesDishwasher,Dryer,Electric Oven,Garage Control(s),Humidifier,Microwave,Range Hood,Refrigerator,Washer,Window Coverings
Interior FeaturesBreakfast Bar,High Ceilings,Kitchen Island,Open Floorplan,Pantry,Quartz Counters,Separate Entrance,Storage,Vinyl Windows,Walk-In Closet(s)
LaundryUpper Level
BasementFull
Basement DevelopmentFinished
Basement FeaturesSeparate/Exterior Entry
RoofAsphalt Shingle
ConstructionVeneer,Wood Frame
FoundationPoured Concrete
Exterior FeaturesGarden,Private Entrance,Private Yard
FencingFenced
Patio / PorchDeck
Lot FeaturesBack Lane,Back Yard,Close to Clubhouse,Front Yard,Landscaped,Lawn,Level,Low Maintenance Landscape,Private,Rectangular Lot,Zero Lot Line
Price / Sq Ft$410.22
Annual Taxes$4,944 (2025)
Tax Assessment$800,000
Second Fee$603.54/Annually
ZoningR-G
Possession90 Days / Neg
Occupant TypeOwner
Title / LandFee Simple
Inclusionsn/a
Days on Market5
ListedMarch 11, 2026
NeighbourhoodMahogany
DistrictCAL Zone SE
MLS NumberA2292316
The Location

Mahogany

321 Magnolia Way SE, Calgary, Alberta, T3M 3S6

Clubhouse
Fishing
Gated
Lake
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Your Luxury Real Estate Specialist

Inquiries & Private Showings

Spencer Rivers

Calgary luxury real estate specialist. Whether you are looking to buy, sell, or simply want more information about this property, I am here to help.

Listing courtesy of eXp Realty.

Listing Information

What are the annual property taxes?expand_more
The property taxes for 2025 are $4,944. Contact Spencer Rivers for the most recent assessment documents.
Is a private viewing available?expand_more
Yes, private viewings are available by appointment. Contact Spencer Rivers at 403-966-9237 or visit our contact page to schedule a showing.
What is the listing status?expand_more
This property is currently Active. MLS A2292316. Listed March 11, 2026. Listed by eXp Realty.

Interested in this property?

Get in touch with Spencer Rivers for a private showing, detailed floor plans, or more information about this exceptional listing.

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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board (CREB). The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Data last updated: March 17, 2026.