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.
Double Vanity, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Quartz Counters, See Remarks, Separate Entrance, Vaulted Ceiling(s), Walk-In Closet(s)
Data was last updated July 17, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
160
Avg list price:
$674,500
Min list price:
$229,900
Max list price:
$2,890,000
Avg days on market:
36
Min days on market:
1
Max days on market:
300
Avg price per sq.ft.:
$408.7
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.
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.