CalgaryListings Insight Welcome to 338 Magnolia Way SE — a 4-bedroom home built in 2024, featuring 4.5 bathrooms in the community of Mahogany, with 2,259 sq ft of living space above grade. Highlights include a fully finished basement with a separate entrance, a double garage, vinyl plank flooring, a fireplace, and air conditioning. For new construction, review builder terms, deposit structure, possession timelines, warranty coverage, GST treatment, and what is actually included. If rental income is part of the plan, verify suite legality, permits, insurance, lender treatment, and current lease details before removing conditions. MLS® A2333280.
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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.
Property Taxes
$6,211/yr (2026)
Listing Information
MLS® NumberA2333280
StatusActive
List Price$849, 000
Days on Market31 days
OccupancyOwner
Property Details
Property TypeDetached
Architectural Style2 Storey
ZoningR-G
Above-Grade Sq Ft2, 259 sq ft
Year Built2024
Bedrooms4
Full Bathrooms4
Half Bathrooms1
Total Bathrooms4.5
Interior
BasementFull, Finished, Separate/Exterior Entry
FlooringCarpet, Ceramic Tile, Vinyl Plank
Fireplaces1
HeatingForced Air, Natural Gas
Air ConditioningCentral Air
Exterior & Parking
ExteriorVinyl Siding, Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Garage Spaces2
Total Parking4
Patio / DeckDeck
Site & Lot
Lot Size3, 379 sq ft
Lot Acres0.08 acres
Lot Width29.40
Lot FeaturesBack Yard, Landscaped, Rectangular Lot
Legal Description2311345;132;21
Inclusions
Central Air Conditioner,Dishwasher,Double Oven,Garage Control(s),Gas Cooktop,Microwave,Range Hood,Refrigerator,Washer/Dryer,Window Coverings
Room Dimensions
Main Level
Living Room14`0" × 12`11"
Kitchen18`8" × 14`0"
Dining Room10`0" × 10`0"
Bedroom10`7" × 9`5"
2pc Bathroom5`3" × 4`9"
Upper Level
Media Room11`6" × 12`1"
Bedroom - Primary14`2" × 12`4"
Walk-In Closet11`6" × 10`11"
5pc Ensuite bath13`9" × 11`6"
Bedroom12`11" × 9`0"
Bedroom13`1" × 9`0"
4pc Bathroom8`8" × 6`8"
Laundry5`11" × 5`10"
Basement Level
Family Room14`9" × 13`10"
Kitchen10`9" × 7`10"
Bedroom13`7" × 9`4"
Bedroom9`8" × 9`6"
4pc Bathroom8`7" × 4`11"
Furnace/Utility Room8`7" × 8`1"
Property History
2024-01-01
Listed at $000,000
Status
2024-01-01
Listed at $000,000
Status
2024-01-01
Listed at $000,000
Status
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