289 Magnolia Way Se Calgary, Alberta T3M 3S5

$724,900

A Legal Basement Suite, Five Bedrooms, a Double Garage, and an Incredible Mahogany Lifestyle! Located on a quiet street in the established rear section of Mahogany, this beautifully designed Jayman-built home offers exceptional versatility for homeowners, multigenerational families, and investors. With three bedrooms upstairs, a professionally built two-bedroom legal basement suite, and a double detached garage, this property provides the space to grow while offering valuable rental-income potential. Low-maintenance landscaping creates an inviting first impression, while the main floor welcomes you with a bright front flex room that can easily serve as a home office, sitting room, playroom, or formal dining space. A conveniently located two-piece bathroom completes the front portion of the home. The main living area has been thoughtfully arranged for everyday comfort and entertaining. A central living room flows into the dining area, highlighted by a modern statement light fixture, while the kitchen is positioned at the back of the home overlooking the yard. The kitchen features white quartz countertops, a stacked subway-tile backsplash, stainless steel appliances, a box-style hood fan, and rich dark-blue upper and lower cabinetry. A walk-in pantry located across from the dining area provides excellent additional storage. The rear entrance includes a convenient closet and access to the fully fenced backyard. A ground-level deck and pergola create a welcoming outdoor space, while extensive stone landscaping keeps maintenance to a minimum. There is still a reasonable amount of usable yard space, even with the double detached garage. Upstairs, a central bonus room creates separation between the children’s bedrooms and the private primary retreat, making it an ideal second family room, homework area, or media space. Two well-sized secondary bedrooms are located at the back of the home, with a four-piece bathroom and laundry closet conveniently positioned nearby. The spa cious primary bedroom overlooks the front of the property and includes a generously sized walk-in closet and a four-piece ensuite finished with quartz countertops and coordinating blue cabinetry. The Jayman-built legal basement suite significantly expands the home’s possibilities. With its own private entrance, separate laundry, four-piece bathroom, and two generously sized bedrooms positioned on opposite sides of the central living space, the suite offers privacy and functionality. Its kitchen is finished with stainless steel appliances, quartz countertops, and grey cabinetry extending to the ceiling. Whether used as a mortgage helper, long-term rental, accommodation for extended family, or part of a broader investment strategy, the legal suite adds meaningful value and flexibility. Living in Mahogany means enjoying one of Calgary’s most desirable lake communities. This property delivers an outstanding combination of lifestyle, location, and long-term investment potential. (id:48488)

Property Details

MLS® Number	A2323765
Property Type	Single Family
Community Name	Mahogany
Amenities Near By	Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby
Community Features	Lake Privileges, Fishing
Features	Back Lane, No Animal Home, No Smoking Home, Level
Parking Space Total	2
Plan	2311345
Structure	Deck

Building

Bathroom Total	4
Bedrooms Above Ground	3
Bedrooms Below Ground	2
Bedrooms Total	5
Appliances	Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Garage Door Opener
Basement Development	Finished
Basement Features	Separate Entrance, Suite
Basement Type	Full (finished)
Constructed Date	2023
Construction Material	Wood Frame
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Stone
Flooring Type	Carpeted, Tile, Vinyl Plank
Foundation Type	Poured Concrete
Half Bath Total	1
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1,801 Ft2
Total Finished Area	1801 Sqft
Type	House

Parking

Detached Garage

2

Land

Acreage	No
Fence Type	Fence
Land Amenities	Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby
Landscape Features	Landscaped
Size Depth	36.74 M
Size Frontage	9.74 M
Size Irregular	301.00
Size Total	301 M2|0-4,050 Sqft
Size Total Text	301 M2|0-4,050 Sqft
Zoning Description	R-g

Rooms

Level	Type	Length	Width	Dimensions
Main Level	Living Room			14.92 Ft x 12.50 Ft
Main Level	Dining Room			12.58 Ft x 10.75 Ft
Main Level	Kitchen			12.58 Ft x 9.00 Ft
Main Level	Other			13.00 Ft x 8.67 Ft
Main Level	2pc Bathroom			5.17 Ft x 5.58 Ft
Upper Level	Bonus Room			13.08 Ft x 10.67 Ft
Upper Level	Primary Bedroom			13.08 Ft x 14.67 Ft
Upper Level	4pc Bathroom			9.25 Ft x 4.92 Ft
Upper Level	Bedroom			9.17 Ft x 11.42 Ft
Upper Level	Bedroom			9.50 Ft x 11.42 Ft
Upper Level	4pc Bathroom			9.25 Ft x 4.92 Ft
Unknown	Living Room/dining Room			14.33 Ft x 28.83 Ft
Unknown	Bedroom			9.25 Ft x 10.08 Ft
Unknown	Bedroom			11.25 Ft x 9.50 Ft
Unknown	4pc Bathroom			8.00 Ft x 7.17 Ft
Unknown	Furnace			6.17 Ft x 14.25 Ft

https://www.realtor.ca/real-estate/29966882/289-magnolia-way-se-calgary-mahogany