Mahogany Homes with Full Basement Development

Welcome to Mahogany, a vibrant community nestled in the heart of Calgary, Alberta. Known for its picturesque lakeside living and stunning natural landscapes, Mahogany offers a unique blend of urban convenience and serene suburban charm. This thriving neighborhood is designed with families in mind, featuring an array of amenities that cater to all lifestyles. From scenic walking trails and parks to well-maintained playgrounds, Mahogany is a place where outdoor enthusiasts can truly thrive.

One of the standout features of homes in Mahogany is the availability of properties with full basement development. These spacious homes provide ample room for growth and creativity, making them perfect for families looking to expand or those seeking a versatile space for hobbies, entertainment, or even a home office. With fully developed basements, you can enjoy extra living space that can be transformed into a cozy family room, a guest suite, or a play area for the kids.

The community's commitment to quality living is evident in its well-planned layout, which encourages a sense of belonging among residents. With a variety of shops, restaurants, and services just a stone's throw away, you’ll find everything you need within reach. Plus, the stunning Mahogany Lake offers year-round recreational activities, making it a focal point for community gatherings and family fun.

In Mahogany, you’re not just buying a home; you’re investing in a lifestyle. Explore the possibilities of full basement development in this enchanting community and discover why Mahogany is the perfect place to call home.

Newest Mahogany Homes with Full Basement Development

$669,999

5 Beds ⋅ 4 Baths ⋅ A2331310 MLS® #

Welcome to 399 Magnolia Drive SE, a modern two storey home with a basement legal suite in the heart of Mahogany, one of Calgary's most sought after lake communities.Built in 2023, this thoughtfully designed home offers 5 bedrooms, 3.5 bathrooms, and 1,749 sq. ft. RMS above grade, fully finished basement legal suite( 2 bedrooms) with a separate private entrance. The main level features a bright open concept layout with quartz countertops, a large kitchen island, luxury vinyl plank flooring, a dedicated home office, and spacious living and dining areas designed for comfortable everyday living and entertaining.Upstairs, you'll find a generous primary bedroom complete with a walk-in closet and 3-piece ensuite, along with two additional bedrooms, a full bathroom, and the convenience of upper-level laundry.The legal basement is an excellent mortgage helper or investment opportunity, offering 2 bedrooms, a full kitchen, a 4-piece bathroom, with a laundry, and its own private entrance. The main floor is vacant, providing immediate possession for an owner-occupant, while the basement is currently tenanted with a lease in place until August 2026.Outside, enjoy a private backyard, rear alley access with a parking pad, and an unbeatable location just minutes from Mahogany Lake, the Mahogany Beach Club, parks, playgrounds, schools, shopping, restaurants, and extensive walking and biking pathways.A rare opportunity to own a nearly new home with a legal suite in one of Calgary's premier lake communities, ideal for homeowners and investors alike.

399 Magnolia Drive Se, Calgary

Courtesy of URBAN-REALTY.ca.

$855,000

4 Beds ⋅ 4 Baths ⋅ A2331559 MLS® #

Welcome to this well-appointed family home in the highly desirable lake community of Mahogany. Prime location in a quiet cul-de-sac on a massive pie lot and minutes to the clubhouse and lake. With over 2800 sq ft of developed space, featuring 4 bedrooms, 3.5 bathrooms, and a fully finished and permitted WALK-OUT basement. As you enter the bright and inviting open concept floorplan you will notice the wide plank oak laminate flooring guiding you into the main floor. Gorgeous kitchen with crisp white cabinetry, quartz counters, upgraded stainless steel appliances, subway tile backsplash, undermount sink, pantry, and center island. Open bar ledge to the dining room with sliding doors to huge wall to wall upper balcony with gas BBQ hookup and stairs down to patio and backyard. Cozy living room with big bright windows and feature floor to ceiling brick gas fireplace. Head upstairs past the open railings to centrally located bonus room, a great space for movie nights or for the kids to play. Spacious master retreat with large walk-in closet and spa-like ensuite bathroom with dual vanities, soaker tub, and separate 10mm glass shower. Good sized 2nd and 3rd bedroom with their own adjoining 4-piece bathroom, and convenient upper laundry complete this well laid out floor. Fully finished and permitted walk-out basement features a large rec room/family room with vinyl plank flooring. Generous sized 4th bedroom with egress window and its own adjoining 3-piece bathroom makes the perfect guest space or for extended family. Walks out to the maturely landscaped and fully fenced pie lot, with big, mature trees and tons of space for kids and pets to play! Don't forget about the central air conditioning to keep you cool on these hot summer days, as well as on demand tankless hot water system to ensure even larger families don't run out. All this located in one of Calgary's most desirable lake communities centered around the 63-acre freshwater lake, sandy beaches, and private residence clubhouse. Offering swimming, fishing, canoeing, kayaking, pedal boating, and paddleboarding in the summer... and ice skating and outdoor hockey in the winter! The community also features scenic walking paths, wetlands, playgrounds, parks and year-round recreation, along with convenient access to schools, shopping and restaurants in Mahogany Village. Commuting is a breeze with quick access to Stoney Trail, Deerfoot Trail and 52 Street SE. You owe it to your family to have a look at this stunning listing that shows 10/10!

195 Mahogany Passage Se, Calgary

Courtesy of Real Broker.

$649,900

3 Beds ⋅ 3 Baths ⋅ A2332186 MLS® #

Exceptional design, thoughtful upgrades and an unbeatable location near the peak of Mahogany Lake come together in this beautifully maintained home tucked away on a quiet cul-de-sac. A charming front porch and mature landscaping create welcoming curb appeal while inside a show home feel is evident throughout. Wide plank luxury vinyl flooring, upgraded lighting and custom design details elevate the bright open-concept main floor. Gather around the inviting gas fireplace with its striking shiplap surround before moving effortlessly into the central dining area, perfectly positioned for everyday living and entertaining. The stylish kitchen is both functional and timeless with granite countertops, stainless steel appliances, full-height cabinetry, a full-height tile backsplash, a large island with seating and abundant workspace. A convenient powder room completes this level. Upstairs, a spacious bonus room with extra windows and an elegant tray ceiling creates the perfect separation between the 2 primary bedrooms, offering added privacy for family members, guests or roommates. The impressive primary retreat showcases vaulted ceilings, a walk-in closet and a beautifully appointed ensuite with dual sinks, while the second large bedroom also enjoys its own walk-in closet and private ensuite. Upper-level laundry adds everyday convenience. The fully finished basement expands your living space with a generously sized recreation room offering endless flexibility for movie nights, a games area, home gym or children's play space, along with a 3rd bedroom featuring a walk-in closet and plenty of additional storage. Outside, the southwest-facing backyard has been thoughtfully designed for both relaxation and entertaining with a large deck, a partially covered pergola, beautifully landscaped gardens, stepping stone pathways, a grassy play area and access to the double detached garage from the rear lane. Located just moments from Mahogany's private lake, beaches, wetlands, scenic pathways, parks, schools, shopping and restaurants, this exceptional home offers year-round lake access with swimming, skating and countless recreational opportunities, all while providing quick access to Deerfoot Trail and Stoney Trail for an easy commute. Combining an exceptional layout, designer finishes and one of Calgary's most sought-after lake communities, this is a home you'll be proud to call your own.

99 Mahogany Row Se, Calgary

Courtesy of RE/MAX Landan Real Estate.

$625,000

4 Beds ⋅ 4 Baths ⋅ A2331785 MLS® #

ALL SEASON LAKE LIVING MEETS MODERN COMFORT in this impeccable detached home offering OVER 2,100 sq. ft. of developed living space, 4 bedrooms, 3.5 bathrooms, and an impressive list of upgrades including SOLAR PANELS, central AIR CONDITIONING, TRIPLE PANE WINDOWS, a BUILDER FINISHED LOWER LEVEL, low-maintenance landscaping, and a DOUBLE GARAGE.The bright, open-concept main floor is designed for both everyday living and entertaining, featuring 9' ceilings, rich hardwood flooring, designer wallpaper, and oversized triple pane windows that fill the home with natural light. At the heart of the home is a timeless white kitchen complete with quartz countertops, under-cabinet lighting, a mosaic tile backsplash, stainless steel appliances, and plenty of workspace.Upstairs, the spacious primary suite offers a walk-in closet and private ensuite, while two additional bedrooms and a full bathroom provide comfortable accommodations for family or guests.Downstairs, the professionally builder-finished lower level expands your living space with a bright family room enhanced by a striking open-to-above design, creating an airy feel rarely found in lower levels. A fourth bedroom and full bathroom (perfect for guests or teenager looking for their own space), and laundry room with additional storage complete the space.Outside, the private pie-shaped yard is designed to maximize enjoyment while minimizing maintenance. Relax or entertain on the 12' x 16' deck with a gas line for your BBQ or fire table, gather around the stone patio, and enjoy the convenience of artificial turf. Additional features include front yard irrigation, Zebra roller blinds, and a HEPA furnace system for enhanced comfort year-round.Best of all, enjoy YEAR AROUND LAKE ACCESS (swimming in summer, skating in the fall, amenities all year long!) while living on a quiet street just steps from the wetlands, close to the new elementary school, and WALKING DISTANCE TO MAIN LAKE ENTRANCE. Combining thoughtful upgrades, energy efficiency, and an exceptional location, this move-in ready home offers outstanding value in one of Calgary's most desirable lake communities.

64 Masters Link Se, Calgary

Courtesy of REMAX Innovations.

$880,000

3 Beds ⋅ 4 Baths ⋅ A2331945 MLS® #

Wonderful Family Home on a quiet Cul-de-sac. This home is well maintained and ready for a new family. Walking distance to west beach entrance. Spacious bedrooms, open area concept, gourmet kitchen, and nicely finished basement make this home a great value. Lots of updates and move-in ready! Take a look at our virtual tour and book your private showing today.

331 Mahogany Court Se, Calgary

Courtesy of Century 21 Bravo Realty.

$869,900

4 Beds ⋅ 3 Baths ⋅ A2331478 MLS® #

Exceptional Family Home in Mahogany Garage with tandem parking for three vehicles offers an exceptional blend of style, comfort, and functionality. The welcoming foyer opens to a bright and spacious main floor featuring 9-foot ceilings, inviting living room with a cozy gas fireplace, and an elegant dining area. The gourmet kitchen is designed to impress with granite countertops, Shaker-style cabinetry accented by modern stainless steel hardware, a striking Kohler oversized white apron-front sink, tiled backsplash, and a large central island with seating. Premium stainless steel appliances including gas stove top,, range hood fan, and pantry for added convenience. The main level also includes a private office/computer room, a convenient two-piece guest bathroom, and sliding patio doors leading to the fully landscaped backyard. Enjoy outdoor entertaining on the large, sunny deck, surrounded by mature landscaping. Upstairs, you'll find four spacious bedrooms, laundry room, and a full four-piece bathroom. Large windows and lots of natural light. The impressive family/games room above the garage provides additional living space, perfect for movie nights or a children's play area. The spacious primary retreat features a luxurious five-piece ensuite and a generous walk-in closet. The unfinished basement is insulated and ready for your future development, offering 9-foot ceilings and a rough-in for a future bathroom. The mature backyard is both beautiful and productive, featuring edible Saskatoon berries, raspberry bushes, a cherry bush, and a Honey gold apple tree. Hardie Board siding. As a resident, you'll enjoy exclusive access to the Mahogany Beach Club, offering outstanding year-round amenities including a fitness facility, splash park, tennis courts, fishing pier, non-motorized marina, barbecue areas, skating rink, and much more. Restaurants, shopping, grocery stores, schools, and everyday conveniences are just minutes away. Be sure to view the full Virtual Tour to experience everything this exceptional home has to offer!

518 Mahogany Manor Se, Calgary

Courtesy of RE/MAX Realty Professionals.

$1,085,900

6 Beds ⋅ 4 Baths ⋅ A2331516 MLS® #

OPEN HOUSE | Sunday July 26th 3:00-5:00pm | SEMI PRIVATE LAKE ACCESS just a short stroll to shared dock and or a gated pathway to West beach in Mahogany Waters...This fully finished two-storey walkout in Mahogany offers over 4,000 sq ft of developed living space on a quiet street with direct pathway access to a nearby park. A grand entryway with soaring ceilings creates an impressive first impression, setting the tone for the bright and open layout enhanced by 9’ ceilings on every level. The main floor is designed for both everyday living and entertaining, featuring a modern kitchen with a gas stove and newer dishwasher that flows seamlessly into the dining and living areas. Thoughtful upgrades throughout include updated light fixtures, faucets, cabinet hardware, stylish accent walls, and a refreshed powder room, giving the home a clean, contemporary feel.Upstairs, you’ll find four spacious bedrooms, a large bonus room, and a conveniently located laundry room, offering excellent functionality for busy households. The primary suite provides a comfortable retreat with upgraded ensuite shower hardware. The walkout basement adds even more versatility with two additional bedrooms and direct access to the backyard—ideal for guests, teens, or extended family. An oversized 24’ extended double attached garage completes the home with exceptional storage and practicality.Located in Mahogany, one of Calgary’s premier lake communities, residents enjoy year-round access to the lake, beaches, and an extensive network of walking paths. With excellent schools, parks, and a vibrant urban village offering shops, dining, and everyday amenities, Mahogany delivers a balanced lifestyle in a highly sought-after setting.

290 Mahogany Place Se, Calgary

Courtesy of RE/MAX Realty Professionals.

$639,900

3 Beds ⋅ 3 Baths ⋅ A2331638 MLS® #

Welcome to this stunning custom-built two-storey home, ideally located on a quiet crescent in the sought-after lake community of Mahogany. Thoughtfully designed with exceptional craftsmanship and high-end finishes throughout, this home offers the perfect blend of style, comfort, and functionality. The bright and open main floor features spacious living areas, highlighted by a beautiful marble-tiled gas fireplace that creates a warm and inviting atmosphere. The chef-inspired kitchen is truly the heart of the home, showcasing full-height walnut cabinetry, quartz countertops, a large oversized island, upgraded stainless steel appliances, a gas cooktop, built-in oven, and a striking mosaic tile backsplash. The adjacent dining area is surrounded by windows on three sides, filling the space with natural light and creating an ideal setting for family meals and entertaining. Upstairs, you will find three generously sized bedrooms, each featuring custom-built walnut closets. The luxurious primary suite offers a spa-inspired ensuite complete with dual sinks, heated floors, a full-width glass shower, and a custom walk-in closet. Convenient upper-level laundry and two additional spacious bedrooms complete this level. Step outside through the sliding patio doors to enjoy the beautifully designed backyard featuring an oversized deck, lower patio area, and an oversized double detached garage—perfect for year-round enjoyment and entertaining. The fully finished basement adds even more living space with a large recreation room and wet bar, providing the ideal setting for movie nights, games, or hosting friends and family. Located within walking distance to two schools, Mahogany’s wetlands, pathways, parks, and the main beach entrance, this exceptional home offers an unbeatable lifestyle in one of Calgary’s most desirable communities.

145 Marquis Common Se, Calgary

Courtesy of Grand Realty.

$675,000

4 Beds ⋅ 4 Baths ⋅ A2329103 MLS® #

**COME JOIN US AT OUR OPEN HOUSE THIS SATURDAY JULY 25TH AND SUNDAY JULY 26TH FROM 11AM-2PM**Welcome to this beautifully updated, move-in-ready home tucked away on a quiet cul-de-sac in the award-winning lake community of Mahogany! Offering over three levels of finished living space, thoughtful upgrades throughout, and an unbeatable family-friendly location, this home is the complete package.Step inside to a bright, open-concept main floor featuring newer luxury vinyl plank flooring, fresh paint throughout, and a warm, inviting living room highlighted by a stunning marble fireplace. A dedicated front office provides the perfect work-from-home space, while the beautifully refreshed kitchen showcases freshly painted cabinetry, granite countertops, a large centre island with seating, subway tile backsplash, a gas range, ample storage, and all-new stainless steel appliances. The spacious dining area is ideal for family meals and entertaining, while functional front and rear mudrooms offer built-in benches, shelving, and hooks to keep everyday life organized. A convenient 2-piece powder room completes the main level.Upstairs, you’ll find a spacious primary retreat with a walk-in closet and private ensuite, along with two additional generously sized bedrooms, a full 4-piece bathroom, and the convenience of upper-level laundry.The fully finished basement offers incredible flexibility with a large recreation room, a fourth bedroom, and a full bathroom—perfect for guests, teens, or a growing family.Outside, enjoy your sunny southwest-facing backyard featuring a raised deck, low-maintenance pet-friendly turf, and a detached double garage. The recently paved rear alley extends all the way to the garage, providing a clean, smooth approach and added convenience. Just down the alley you’ll find a designated dog walking area, while the sought-after West Beach entrance is only a couple of minutes away on foot, making it easy to enjoy Mahogany’s incredible lake lifestyle whenever you choose.Additional upgrades provide exceptional value and peace of mind, including a brand-new furnace, all-new appliances including the washer and dryer, freshly painted kitchen cabinetry, energy-efficient solar panels, recently upgraded attic insulation for improved energy efficiency, and Gemstone permanent exterior lighting for year-round curb appeal.Located just steps from a neighbourhood park and only a few blocks from schools, shopping, restaurants, grocery stores, and scenic walking paths, this exceptional home combines modern updates with one of Calgary’s most sought-after lake communities. Simply move in and start enjoying everything Mahogany has to offer!

174 Mahogany Heights Se, Calgary

Courtesy of Real Broker.

$719,900

4 Beds ⋅ 4 Baths ⋅ A2331047 MLS® #

Welcome to MAHOGANY, one of Calgary’s most celebrated lake communities, where exceptional amenities meet everyday convenience. This beautifully maintained JAYMAN SONATA floor plan combines thoughtful upgrades, SOLAR PANELS, an ILLEGAL SUITE and lush landscaping with a location just minutes to the MAHOGANY LAKE, BEACH CLUB and the community’s extensive WETLANDS pathway system. A charming exterior with meticulous landscaping sets the tone. Step inside to SOARING CEILINGS in the living room, where oversized south-facing windows flood the space with natural light. Durable LUXURY VINYL PLANK flooring flows seamlessly throughout. A discreetly tucked away 2-piece powder room enhances everyday function. The dining area with DESIGNER LIGHTING overlooks the living room, creating an open, connected atmosphere that is ideal for entertaining. The kitchen overlooking the backyard is designed for both style and practicality with STAINLESS STEEL APPLIANCES, FULL-HEIGHT CABINETRY, a built-in wall pantry and a peninsula island that invites casual meals and peaceful morning coffees. Upstairs, LUXURY VINYL PLANK flooring continues throughout for a clean, cohesive finish. The primary suite overlooks the backyard and features a large WALK-IN CLOSET and a luxurious 5-PIECE ENSUITE with a dual vanity, no more sharing! A convenient LAUNDRY CLOSET is located on this level along with an upgraded 3-piece main bath with stand-up shower and 2 additional bedrooms. The SUNSHINE BASEMENT is bright with tall ceilings and a SEPARATE ENTRANCE leading to a one-bedroom ILLEGAL SUITE. Complete with a full KITCHEN finished in STAINLESS STEEL APPLIANCES and QUARTZ COUNTERTOPS, 4-PIECE BATH, SEPARATE LAUNDRY and independent heating via a DUAL ZONE FURNACE, this level offers outstanding flexibility for extended family or guests. Outdoor living is equally impressive. Low-maintenance front landscaping is beautifully balanced with a rear grassy play area for kids and pets. The large rear deck, lush gardens and oversized SHED tucked beneath the deck provide ample storage and outdoor enjoyment. An OVERSIZED GARAGE offers secure parking and additional room for storage. Beyond the property, Mahogany offers a lifestyle unmatched in Calgary. Follow the pathway to serene WETLANDS or find yourself in just minutes at the MAHOGANY BEACH CLUB and 63-acre freshwater LAKE. Enjoy two private beaches, a splash park, fishing, tennis courts, an outdoor rink, winter bonfires and a year-round calendar of community activities. Everyday amenities including groceries, restaurants, coffee shops and retail are close at hand, while DEERFOOT and STONEY TRAIL make commuting a breeze. A stylish, well-cared-for home with a versatile layout in a vibrant lake community—this is the complete package!

374 Magnolia Square Se, Calgary

Courtesy of eXp Realty.

$915,000

4 Beds ⋅ 4 Baths ⋅ A2331322 MLS® #

Welcome to this beautifully maintained, fully developed lake community home offering incredible water views, 4 bedrooms, and 3.5 bathrooms. From the moment you arrive, you'll appreciate the pride of ownership and thoughtful design that make this home truly stand out. The bright, open-concept main floor is filled with natural light thanks to a stunning wall of windows overlooking the backyard. The spacious living room is anchored by a cozy fireplace, creating the perfect place to relax or gather with family and friends. The kitchen is both stylish and functional, featuring full-height white cabinetry, quartz countertops, upgraded stainless steel appliances, and plenty of workspace for everyday living or entertaining. Upstairs, the spacious primary retreat is a true escape with soaring vaulted ceilings, gorgeous lake views, a luxurious 5-piece spa-inspired ensuite, and an impressive walk-in closet. Two additional bedrooms, a full bathroom, a generous bonus room, and a separate den provide plenty of space for a growing family, working from home, or simply spreading out. The fully finished basement adds even more living space with a fantastic recreation and theatre area, an eye-catching stone feature bar that's perfect for entertaining, a fourth bedroom, a full 4-piece bathroom, and plenty of storage. Step outside to your own private backyard oasis. The beautifully landscaped yard is surrounded by mature trees and shrubs and features a large deck that's ideal for summer barbecues, morning coffee, or simply unwinding at the end of the day. Additional features include an oversized double garage, central air conditioning, 9-foot ceilings, high-end laminate flooring, and countless thoughtful upgrades throughout. Perfectly situated across from green space, a nature preserve, and scenic walking paths, this exceptional home offers the ideal combination of comfort, style, and location. This is one you won't want to miss!

188 Marquis Grove Se, Calgary

Courtesy of REMAX Innovations.

$829,900

5 Beds ⋅ 4 Baths ⋅ A2331209 MLS® #

Welcome to 147 Magnolia Path SE, a beautifully upgraded 2025-built home offering over 2,320 sq. ft. above grade plus a fully developed 2-bedroom legal basement suite. Located in Calgary’s award-winning lake community of Mahogany, this impressive property combines modern finishes, generous living space and excellent income potential.The open-concept main floor features a bright living and dining area, a stylish kitchen with stainless steel appliances, a sophisticated white-and-grey colour palette, black fixtures, a pantry and ample workspace. A private den provides the perfect setting for a home office, while two convenient half bathrooms add functionality for family and guests.Upstairs, you’ll find a spacious bonus room, laundry room and three well-sized bedrooms. The primary retreat includes a walk-in closet and a luxurious five-piece ensuite. The two additional bedrooms share a second full bathroom.The legal basement suite offers a separate living space complete with two bedrooms, a kitchen, a full bathroom, a large recreation area, its own laundry and excellent rental or multigenerational living potential. A double attached garage completes this exceptional home.Enjoy year-round access to Mahogany’s lake, beaches, parks, pathways, schools, shopping, dining and everyday amenities. A fantastic opportunity to own a nearly new, move-in-ready home in one of Calgary’s most desirable communities!

147 Magnolia Path Se, Calgary

Courtesy of CIR Realty.

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