338 Magnolia Way Se Calgary, Alberta T3M 3S6

$949,900

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 Ethe rnet 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. (id:48488)

Property Details

MLS® Number	A2308777
Property Type	Single Family
Community Name	Mahogany
Amenities Near By	Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby
Community Features	Lake Privileges, Fishing
Features	Closet Organizers
Parking Space Total	4
Plan	2311345
Structure	Deck

Building

Bathroom Total	4
Bedrooms Above Ground	4
Bedrooms Below Ground	2
Bedrooms Total	6
Amenities	Clubhouse
Appliances	Refrigerator, Cooktop - Gas, Dishwasher, Oven, Microwave, Hood Fan, Window Coverings, Garage Door Opener, Washer & Dryer
Basement Development	Finished
Basement Features	Separate Entrance, Suite
Basement Type	Full (finished)
Constructed Date	2024
Construction Material	Wood Frame
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Vinyl Siding
Fireplace Present	Yes
Fireplace Total	1
Flooring Type	Carpeted, Ceramic Tile, Vinyl Plank
Foundation Type	Poured Concrete
Half Bath Total	1
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	2,259 Ft2
Total Finished Area	2259 Sqft
Type	House

Parking

Attached Garage

2

Land

Acreage	No
Fence Type	Fence
Land Amenities	Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby
Landscape Features	Landscaped
Size Depth	35.1 M
Size Frontage	8.96 M
Size Irregular	314.00
Size Total	314 M2|0-4,050 Sqft
Size Total Text	314 M2|0-4,050 Sqft
Zoning Description	R-g

Rooms

Level	Type	Length	Width	Dimensions
Basement	Family Room			14.75 Ft x 13.83 Ft
Basement	Kitchen			10.75 Ft x 7.83 Ft
Basement	Bedroom			13.58 Ft x 9.33 Ft
Basement	Bedroom			9.67 Ft x 9.50 Ft
Basement	4pc Bathroom			8.58 Ft x 4.92 Ft
Basement	Furnace			8.58 Ft x 8.08 Ft
Main Level	Living Room			14.00 Ft x 12.92 Ft
Main Level	Kitchen			18.67 Ft x 14.00 Ft
Main Level	Dining Room			10.00 Ft x 10.00 Ft
Main Level	Bedroom			10.58 Ft x 9.42 Ft
Main Level	2pc Bathroom			5.25 Ft x 4.75 Ft
Upper Level	Media			11.50 Ft x 12.08 Ft
Upper Level	Primary Bedroom			14.17 Ft x 12.33 Ft
Upper Level	Other			11.50 Ft x 10.92 Ft
Upper Level	5pc Bathroom			13.75 Ft x 11.50 Ft
Upper Level	Bedroom			12.92 Ft x 9.00 Ft
Upper Level	Bedroom			13.08 Ft x 9.00 Ft
Upper Level	4pc Bathroom			8.67 Ft x 6.67 Ft
Upper Level	Laundry Room			5.92 Ft x 5.83 Ft

https://www.realtor.ca/real-estate/29717423/338-magnolia-way-se-calgary-mahogany