JN REAL ESTATE GROUP

Mahogany

$899,900

338 Magnolia Way SE, Calgary · T3M 3S6

6 BEDROOMS · 4 BATHROOMS · 2,259 SQFT · BUILT 2024

MLS A2308777 · 64 DAYS ON MARKET

ABOUT THIS HOME

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.

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RE/MAX Complete Realty · Calgary

DETAILS

INTERIOR

BEDROOMS
6
FULL BATHS
3
HALF BATHS
1
LIVING AREA (SQFT)
2,259
FEATURES
Ceiling Fan(s) · Closet Organizers · Double Vanity · High Ceilings · Jetted Tub · Kitchen Island · Open Floorplan · Pantry · Quartz Counters · Storage · Walk-In Closet(s)
APPLIANCES
Central Air Conditioner · Dishwasher · Double Oven · Garage Control(s) · Gas Cooktop · Microwave · Range Hood · Refrigerator · Washer/Dryer · Window Coverings
FLOORING
Carpet · Ceramic Tile · Vinyl Plank
FIREPLACE
Electric · Living Room
BASEMENT
Full
BASEMENT DEVELOPMENT
Finished

BUILDING

TYPE
Detached
STYLE
2 Storey
YEAR BUILT
2024
NEW CONSTRUCTION
No
CONSTRUCTION
Vinyl Siding · Wood Frame
ROOF
Asphalt Shingle
FOUNDATION
Poured Concrete

PARKING

GARAGE SPACES
2
TOTAL PARKING
4
PARKING
Double Garage Attached

LOT & EXTERIOR

LOT SIZE (SQFT)
3,379
LOT SIZE (ACRES)
0.08
LOT
Back Yard · Landscaped · Rectangular Lot
EXTERIOR
Private Yard
PATIO & PORCH
Deck
FENCING
Fenced

COMMUNITY

COMMUNITY
Mahogany
COMMUNITY FEATURES
Clubhouse · Fishing · Lake · Park · Playground · Schools Nearby · Shopping Nearby · Tennis Court(s) · Walking/Bike Paths
ZONING
R-G
POSTAL CODE
T3M 3S6

UTILITIES & COSTS

HEATING
Forced Air · Natural Gas
COOLING
Central Air
ANNUAL TAXES
$5,858