LEGAL 2-BEDROOM BASEMENT SUITE WITH SEPARATE LAUNDRY | 6 BEDROOMS TOTAL | 4 BEDROOMS ABOVE GRADE | MAIN-FLOOR BEDROOM WITH 3-PIECE BATHROOM | SOARING OPEN-TO-ABOVE LIVING ROOM | 9-FOOT CEILINGS | BONUS ROOM | PRIME MAHOGANY LOCATION
Welcome to 332 Magnolia Crescent, a beautifully designed home in the award-winning lake community of Mahogany. Offering six bedrooms in total, including four above grade and a legal two-bedroom basement suite, this thoughtfully planned property provides exceptional flexibility for families, multi-generational living or rental income.
The main floor impresses with 9-foot ceilings, wide-plank luxury vinyl flooring and a spectacular open-to-above living room centred around a gas fireplace. Expansive windows fill the space with natural light, creating a bright and inviting atmosphere for everyday living and entertaining.
At the heart of the home, the kitchen features full-height cabinetry, quartz countertops, a tile backsplash, stainless steel appliances and a gas stove. A large walk-through pantry connects directly to the mudroom, making grocery unloading and daily organization effortless.
A rare main-floor bedroom is complemented by a full 3-piece bathroom, offering a true fourth above-grade bedroom that is ideal for guests, extended family, a private office or anyone seeking main-level accessibility.
Upstairs, a spacious bonus room provides a comfortable place to relax, while the conveniently located laundry room simplifies daily routines. The primary bedroom offers a private retreat with a walk-in closet and a luxurious 5-piece ensuite featuring dual vanities, a separate shower and a relaxing soaker tub. Both additional upper-level bedrooms also include their own walk-in closets.
The legal basement suite has been thoughtfully finished with two bedrooms, a full bathroom, a comfortable living area and its own laundry. The U-shaped kitchen offers quartz countertops, stainless steel appliances and excellent cabinet and workspace, creating a complete and functional secondary living space.
Located in the sought-after community of Mahogany, residents enjoy access to the lake, beaches, pathways, parks, playgrounds, schools, shopping, restaurants and year-round community amenities. This is an exceptional opportunity to own a spacious and versatile home in one of Calgary's most desirable lake communities.
| AIR |
None |
| APPLIANCES |
Dishwasher, Electric Range, Microwave, Range Hood, Refrigerator, Washer/Dryer |
| BASEMENT |
Exterior Entry, Finished, Full, Yes |
| CONSTRUCTION |
Frame |
| EXTERIOR |
Private Entrance, Private Yard |
| FIREPLACE |
Yes |
| GARAGE |
Attached Garage, Yes |
| HEAT |
Forced Air |
| INTERIOR |
Double Vanity, High Ceilings, Kitchen Island, Open Floorplan, See Remarks, Vaulted Ceiling(s), Walk-In Closet(s) |
| LOT |
3920 sq ft |
| LOT DESCRIPTION |
Back Yard |
| PARKING |
Attached, Garage |
| STORIES |
2 |
| STYLE |
2 Levels |
| SUBDIVISION |
Mahogany |
| TAXES |
6121 |
| WATERFRONT DESCRIPTION |
Lake |
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Listed with 2% Realty
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Data last updated 7/17/26 3:49 AM PDT
This IDX solution is (c) Diverse Solutions 2026.
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