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338 Magnolia Way SE
Mahogany
Calgary
T3M 3S6
$949,900
Residential
beds: 6
baths: 4.0
2,259 sq. ft.
built: 2024
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2308777
- Bedrooms:
- 6
- Bathrooms:
- 4
- Year Built:
- 2024
- Photos (49)
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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 Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Suite:
- Yes
- Num Legal Suites:
- 1
- Num Illegal Suites:
- 0
- Home Style:
- 2 Storey
- Total Living Area:
- 2,259 sq. ft.210 m2
- Main Level Finished Area:
- 1,012 sq. ft.94 m2
- Upper Level Finished Area:
- 1,247 sq. ft.116 m2
- Below Grade Finished Area:
- 942 sq. ft.87.5 m2
- HOA Fee Frequency:
- Annually
- Acreage:
- No
- Lot Area:
- 3,379 sq. ft.314 m2
- Lot Frontage:
- 29'4¾"8.96 m
- Front Exposure:
- North
- Levels:
- Two
- Total Rooms Above Grade:
- 8
- Year built:
- 2024 (Age: 2)
- Bedrooms:
- 6 (Above Grd: 4)
- Bedrooms Above Grade:
- 4
- Bedrooms Below Grade:
- 2
- Bathrooms:
- 4.0 (Full:3, Half:1)
- Plan:
- 2311345
- Heating:
- Forced Air, Natural Gas
- Basement:
- Full, Finished, Separate/Exterior Entry
- Foundation:
- Poured Concrete
- Builder:
- Jayman Homes
- New Constr.:
- No
- Construction Material:
- Vinyl Siding, Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- Yes
- Flooring:
- Carpet, Ceramic Tile, Vinyl Plank
- Cooling:
- Central Air
- Fireplaces:
- 1
- Fireplace Details:
- Electric, Living Room
- Garage:
- Yes
- Garage Spaces:
- 2
- Parking:
- Double Garage Attached
- Parking Places:
- 4
- Parking Total/Covered:
- 4 / -
- Laundry Features:
- Laundry Room, Upper Level
- HOA Fee:
- $603.54
- Southeast
- Mahogany
- Beach Access, Clubhouse
- Central Air Conditioner, Dishwasher, Double Oven, Garage Control(s), Gas Cooktop, Microwave, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
- N/A
- Utility Right Of Way
- Floor
- Type
- Size
- Other
- Main Floor
- Living Room
- 14'4.27 m × 12'11"3.94 m
- Main Floor
- Kitchen
- 18'8"5.69 m × 14'4.27 m
- Main Floor
- Dining Room
- 10'3.05 m × 10'3.05 m
- Main Floor
- Bedroom
- 10'7"3.23 m × 9'5"2.87 m
- Upper Level
- Media Room
- 12'1"3.68 m × 11'6"3.51 m
- Upper Level
- Bedroom - Primary
- 14'2"4.32 m × 12'4"3.76 m
- Upper Level
- Walk-In Closet
- 11'6"3.51 m × 10'11"3.33 m
- Upper Level
- Bedroom
- 12'11"3.94 m × 9'2.74 m
- Upper Level
- Bedroom
- 13'1"3.99 m × 9'2.74 m
- Upper Level
- Laundry
- 5'11"1.80 m × 5'10"1.78 m
- Basement
- Family Room
- 14'9"4.50 m × 13'10"4.22 m
- Basement
- Kitchen
- 10'9"3.28 m × 7'10"2.39 m
- Basement
- Bedroom
- 13'7"4.14 m × 9'4"2.84 m
- Basement
- Bedroom
- 9'8"2.95 m × 9'6"2.90 m
- Basement
- Furnace/Utility Room
- 8'7"2.62 m × 8'1"2.46 m
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 2
- 4'9" x 5'3"
- Upper Level
- Yes
- 5
- 11'6" x 13'9"
- Upper Level
- No
- 4
- 6'8" x 8'8"
- Basement
- No
- 4
- 4'11" x 8'7"
- Title to Land:
- Fee Simple
- Community Features:
- Clubhouse, Fishing, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Tennis Court(s), Walking/Bike Paths
- Interior Features:
- Ceiling Fan(s), Closet Organizers, Double Vanity, High Ceilings, Jetted Tub, Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Storage, Walk-In Closet(s)
- Exterior Features:
- Private Yard
- Patio And Porch Features:
- Deck
- Lot Features:
- Back Yard, Landscaped, Rectangular Lot
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone SE
- Zoning:
- R-G
- Listed Date:
- May 07, 2026
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Seperate Entry
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Lower Legal Suite
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Listed by eXp Realty
Data was last updated May 15, 2026 at 06:05 AM (UTC)
Area Statistics
- Listings on market:
- 176
- Avg list price:
- $649,450
- Min list price:
- $237,500
- Max list price:
- $3,100,000
- Avg days on market:
- 31
- Min days on market:
- 1
- Max days on market:
- 291
- Avg price per sq.ft.:
- $414.03
These statistics are generated based on the current listing's property type
and located in
Mahogany. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- SAMANTHA CLEMENT
- Okotoks Alberta
- 1 (403) 605 7200
- Contact by Email
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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. Used under license.
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