Mahogany Homes with Full Basement Development

Welcome to Mahogany, a vibrant community nestled in the heart of Calgary, Alberta. Known for its picturesque lakes and stunning natural landscapes, Mahogany offers a unique blend of urban convenience and serene suburban living. This sought-after neighborhood is designed for those who appreciate the great outdoors, with an abundance of walking trails, parks, and recreational opportunities right at your doorstep.

Mahogany is not just about beautiful scenery; it’s also a thriving community with a strong sense of belonging. With a variety of amenities, including shops, restaurants, and schools, residents enjoy a lifestyle that balances relaxation and activity. The community is perfect for families, young professionals, and retirees alike, fostering an inclusive atmosphere where neighbors become friends.

One of the standout features of homes in Mahogany is the availability of properties with full basement development. These thoughtfully designed homes offer ample space for growing families or those looking to create their dream entertainment area. Imagine the possibilities: a cozy home theater, a vibrant playroom, or even a stylish guest suite. The full basement development not only enhances the functionality of your home but also provides an opportunity for customization and personalization.

Whether you’re looking to invest in a new home or seeking a peaceful retreat in Calgary, Mahogany is a community that truly has it all. With its stunning homes, rich amenities, and welcoming atmosphere, it’s no wonder that Mahogany is one of Calgary’s most desirable neighborhoods. Come explore the charm and elegance of Mahogany—your dream home awaits!

Newest Mahogany Homes with Full Basement Development

$834,900

3 Beds ⋅ 3 Baths ⋅ A2334101 MLS® #

Welcome to The Streams of Mahogany, where stylish bungalow living, beautiful natural surroundings and a low-maintenance lifestyle come together. This villa-style attached bungalow offers a thoughtfully designed floor plan, a fully finished basement and a peaceful setting overlooking expansive green space and water features. The welcoming front entrance includes a built-in bench with storage, while a spacious walk-in closet is conveniently located just down the hall. Direct access from the attached garage brings you into the same organized front entry, making daily arrivals easy and practical. A front den provides a flexible space that could be used as a home office or intimate sitting area. Laminate flooring carries throughout the main living areas, leading into the bright and modern central kitchen. Light grey cabinetry is complemented by sleek bar-style hardware, an abundance of lower pot drawers and a marble-inspired tile backsplash. A gas cooktop, standalone hood fan, generous island and numerous pot lights create a kitchen that is equally suited to everyday living and entertaining. Across from the kitchen, a large cabinet-style pantry provides exceptional storage while maintaining the home’s clean, streamlined appearance. Positioned between the kitchen and living room, the dining area enjoys natural light from a large side window. The living room is located at the back of the home, where a substantial window frames calming views of the green space beyond. Step directly outside onto the private rear deck and enjoy a peaceful setting overlooking the landscaped grounds and nearby water feature, an ideal backdrop for morning coffee, evening relaxation or entertaining outdoors. The main floor primary bedroom is tucked privately off the living room and features a large window and beautiful views of the green space. The adjoining four-piece ensuite includes dual sinks and additional built-in storage in place of the original bathtub, creating a highly functional space with excellent organization. A large walk-in closet connects the ensuite back to the main living area and conveniently incorporates the laundry. The fully finished basement significantly expands the home’s living space. A large rec room provides plenty of room for relaxing, games or movie nights, while a full-length bar at one end makes the lower level ideal for entertaining. Two additional bedrooms are located at the opposite end of the basement alongside a four-piece bathroom. Carpeting throughout the lower level adds warmth and comfort, while a huge storage room provides additional practicality. With three bedrooms, two full baths, an attached garage, a fully developed basement and a tranquil green-space setting, this home delivers the comfort of bungalow living without sacrificing space. Enjoy the freedom of a lock-and-leave villa lifestyle while remaining connected to the pathways, parks, lake amenities and everyday conveniences that make Mahogany one of Calgary's most desirable communities.

318 Marina Cove Se, Calgary

Courtesy of Real Broker.

$624,900

4 Beds ⋅ 4 Baths ⋅ A2334054 MLS® #

Welcome to this beautifully maintained two storey home, ideally positioned at the entrance to a quiet cul-de-sac and directly across from a children’s playground in the award winning lake community of Mahogany. Offering four bedrooms, three and a half bathrooms, a fully finished basement, a low-maintenance backyard, and a double detached garage, this thoughtfully designed home provides plenty of space for a growing family. Best of all, both neighbourhood schools and the West Beach entrance are within walking distance, making daily routines and summer lake days incredibly convenient. The front living room is bright and inviting, with two large windows bringing in plenty of natural light. A centrally positioned fireplace creates a warm focal point, while the display nook above provides the perfect place for artwork, décor, or a television. Just off the stairwell, a convenient pocket office offers a dedicated space for working from home, studying, or managing day-to-day tasks. A large sliding barn door with a mirrored front allows the office to be closed off when needed while helping the space feel bright and open. At the back of the home, the kitchen and dining area come together to create a functional and comfortable space for everyday living and entertaining. The kitchen features white cabinetry, black hardware, a classic subway tile backsplash, and granite countertops with warm brown veining. A large window above the sink overlooks the backyard, while the peninsula provides additional preparation space and casual bar seating. The adjacent dining area is generously sized, offering plenty of room for family dinners and larger gatherings. Upstairs, the well-planned layout includes two comfortably sized bedrooms at the back of the home, a four piece main bathroom, and conveniently located hallway laundry. At the front of the home, the spacious primary bedroom offers both a walk-in closet and a large built-in wardrobe system, providing an impressive amount of organized storage. The four piece ensuite includes a standalone shower, a separate soaker tub and plenty of room to begin and end the day comfortably. The fully finished basement expands the home’s living space with a comfortable rec room, a four-piece bathroom and a full-sized fourth bedroom with a walk-in closet extending across the back of the basement—an excellent setup for guests, teenagers, or extended family. Outside, the low-maintenance backyard has been finished entirely with decorative rock, eliminating the need for regular lawn care. A full-width deck with built in pergola provides plenty of room for outdoor furniture, barbecuing, and summer entertaining. The double detached garage is accessed from a paved rear alley and offers secure parking and additional storage. The entire front of the home has new windows that open allowing airflow throughout on warn summer days. Living in Mahogany is about more than just the home—it’s about enjoying one of Calgary’s most desirable four-season communities.

213 Mahogany Heights Se, Calgary

Courtesy of Real Broker.

$1,249,000

4 Beds ⋅ 4 Baths ⋅ A2333583 MLS® #

Welcome to this stunning, AIR-CONDITIONED custom home situated on an OVERSIZED PIE-SHAPED LOT backing directly onto the beautiful Mahogany wetlands, where the expansive rear yard widens to create exceptional privacy from neighbouring homes, while enjoying NO REAR NEIGHBOURS and direct access to the community's extensive pathway system. Offering over 3500sf of developed living space across THREE FINISHED LEVELS, this exceptional property combines privacy, space, and an unbeatable location. Recent updates include R50 insulation, new carpets, and FRESHLY PAINTED WHITE CABINETRY throughout, giving the home a bright, fresh, and timeless feel. From the moment you arrive, the charming stucco and stone exterior, steep rooflines, white shutters, and GEMSTONE LIGHTING on the front and rear of the home create incredible curb appeal.Inside, you're welcomed by a spacious foyer and elegant FORMAL DINING ROOM, perfect for hosting family and friends. The chef-inspired kitchen features quartz countertops, abundant storage, a WALK THROUGH PANTRY, stainless steel appliances, and a gas stove. The bright dining nook overlooks the wetlands, while the sun-filled living room showcases a beautiful stone feature wall with a TWO-SIDED GAS FIREPACE shared with the dining room. Patio doors lead to the expansive upper deck, an ideal place to relax or entertain while enjoying the peaceful views. A 2-piece powder room and oversized mudroom with built-in lockers complete the main level.Upstairs, the spacious primary retreat offers a unique and thoughtfully designed layout. Upon entering, elegant accent-lit steps lead into the serene bedroom and also continue up into the reading nook/home office and ensuite bathroom, creating a sense of separation and luxury within the master suite. The spa-inspired 5-PIECE ENSUITE features DUAL VANITIES, a SOAKER TUB, STAND-UP SHOWER, and a WALK-THROUGH CLOSET WITH BUILT-INS. Two additional bedrooms share a 5-piece bathroom, while the laundry room features a sink and plenty of additional storage. A LARGE BONUS ROOM provides the perfect spot for movie nights or family time.The FULLY FINISHED WALKOUT BASEMENT includes a generous recreation room, fourth bedroom, 3-piece bathroom, and direct access to the lower rear patio.Outside, the expansive backyard offers endless possibilities for kids to play, entertaining friends and family, or creating your dream outdoor oasis, while a LARGE STORAGE SHED provides additional storage. Just beyond the back gate, you'll find Mahogany's scenic wetlands pathway system, perfect for walking, running, or biking.A short walk away, you'll find Mahogany's two private beach clubs offering swimming, paddleboarding, kayaking, and more. This exceptional home is also within walking distance of Mahogany School (CBE) and Divine Mercy Catholic School.

127 Marquis Grove Se, Calgary

Courtesy of RE/MAX First.

$899,899

5 Beds ⋅ 4 Baths ⋅ A2333319 MLS® #

Step into this beautifully upgraded home in the award-winning Mahogany lake community, offering 5 bedrooms, a main floor office/den, and 3.5 bathrooms across three fully developed levels. The open-concept main floor is filled with natural light and showcases luxury vinyl plank flooring, soaring vaulted ceilings, and a cozy electric fireplace. At the heart of the home is the bright, open kitchen featuring quartz countertops, a large central island, Silgranit sink, abundant cabinetry, and a walk-through pantry—perfect for both everyday living and entertaining. A functional mudroom with a built-in bench, lockers, and boot rack adds everyday convenience. Upstairs you’ll find 4 spacious bedrooms, including a generous primary retreat with a California Closets walk-in and a luxurious 5-piece ensuite with dual sinks. A second 5-piece bathroom with dual sinks and an upper-level laundry room with built-in shelving complete the upper floor. The finished basement offers a large family room, 5th bedroom, 4-piece bathroom, and rough-in for a future wet bar. Additional features include central A/C, Hardie Board siding, permanent LED exterior lighting, a composite deck, double attached garage, and solar panel rough-in. Enjoy year-round lake access in Mahogany with beaches, parks, pathways, schools, shopping, dining, and easy commuter access. This move-in-ready home offers the perfect blend of style, space, and functionality in one of Calgary’s most sought-after lake communities.

118 Magnolia Terrace Se, Calgary

Courtesy of LPT Realty.

$874,999

6 Beds ⋅ 4 Baths ⋅ A2333280 MLS® #

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 Ethernet 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.

338 Magnolia Way Se, Calgary

Courtesy of eXp Realty.

$1,233,400

3 Beds ⋅ 3 Baths ⋅ A2332896 MLS® #

Brand New To Be Built just for you ~ Design and build A dream Triple Garage home in one of Mahogany's most desirable locations! This brand-new (Under Construction) Baywest Homes "Henry 32 Floorplan" offers an incredible opportunity to personalize your home from the ground up, with interior selections and finishes still customizable to suit your style and lifestyle. Imagine stunning wide plank flooring through the main level and the perfect kitchen for entertaining and equipped with elegant cabinetry and finishes. Perfectly positioned directly across the street from a semi-private lake access pathway to shared dock, you will enjoy an exceptional lakeside lifestyle with easy access to Mahogany's renowned beaches, pathways, parks, and year-round amenities. Offering 2,737 sq. ft. of thoughtfully designed living space, this elegant two-storey home features 3 bedrooms, 2.5 bathrooms, a spacious bonus room, main floor office, soaring open-to-above great room, and a bright open-concept layout designed for both everyday living and entertaining. The chef-inspired kitchen includes a large island, walk-in pantry, and ample cabinetry, while the convenient mudroom connects to the impressive triple attached garage. Upstairs, the luxurious primary retreat offers a spa-inspired ensuite and walk-in closet, complemented by two additional bedrooms, a full bath, upper-floor laundry, and a generous family bonus room. The full basement is undeveloped, providing endless possibilities for future expansion. With possession anticipated in 2027, this is a rare chance to secure a premium homesite and create a home tailored to your taste in one of Calgary's most sought-after lake communities. Don't miss this opportunity to enjoy luxury living with exclusive lake access just steps from your front door which means cottage style living on your evenings and weekends. The final opportunity for Estate Home building is nearing with only a few select lots remaining. Take advantage by customizing this beauty. ***Photo is a rendering of the home as the home is not built yet and The Buyer has the opportunity to accept a promo to include free Basement development promotion with this home purchase.

501 Marina Grove Se, Calgary

Courtesy of RE/MAX Realty Professionals.

$845,000

3 Beds ⋅ 4 Baths ⋅ A2305894 MLS® #

OPEN HOUSE AUG 1 & 2 - 11:00am - 1:00pm both days... Welcome to this exceptional lakeside property in Mahogany. This well-maintained two-story home is situated on a fully fenced and landscaped corner lot providing guest parking and just steps away from the lake and playground. The house features numerous features such as,... A master bedroom with vaulted ceilings Central air conditioning A large, heated vaulted garage Additional paved backyard parking for a boat or RV with back alley access. A fully finished basement (with approved permits) The property is conveniently located near South Campus Hospital with easy access to Stoney Trail, Deerfoot Trail, and 52nd Street.

29 Mahogany View Se, Calgary

Courtesy of Royal LePage Solutions.

$679,900

5 Beds ⋅ 4 Baths ⋅ A2333063 MLS® #

UNBELIEVABLE OPPORTUNITY & A SMART INVESTMENT IN MAHOGANY. This brand-new “Rayn” blends stylish family living with real income potential thanks to a fully developed 2-bedroom, 1-bathroom legal suite with its own private entrance—perfect for rental revenue, extended family, or added flexibility for the future. It’s one of the best 2-bedroom suite layouts you’ll find, with a thoughtful use of space that makes furnishing, living, and renting easy from day one. While this home offers the popular Rayn floor plan, several subtle design changes create a unique and highly functional main-floor layout. Natural vinyl plank flooring and elevated finishes establish a warm, modern feel, while the convenient front flex room offers a bright and inviting space that can adapt to your lifestyle. Whether used as a formal sitting area, home office, playroom, or quiet retreat, it adds valuable flexibility to the home. At the rear, the kitchen becomes the heart of the home, featuring timeless white cabinetry to the bulkhead, a modern backsplash, chimney hood fan, stainless steel appliances, and bright white quartz countertops. A generously sized island provides plenty of room for meal preparation, casual dining, and entertaining. Sliding oversized back windows bring in the breeze on those warm summer days. The central dining and living areas create a natural gathering space between the front living room and rear kitchen. The dining area comfortably accommodates an extended table for family dinners and celebrations, while the central living room offers a welcoming place to relax or entertain. The open flow keeps each area connected while still giving every space its own distinct purpose. A conveniently positioned 2-piece bathroom completes the main level. A raised homework and tech nook overlooking the main floor adds another fun and functional element to the design. It’s an ideal space for studying, working from home, organizing daily schedules, or creating a dedicated computer station without taking away from the primary living areas. Upstairs, a cozy bonus room provides the perfect setting for movie nights, a children’s play area, or a quiet reading corner. The primary retreat is privately positioned at the back of the home and features an oversized window, a generous walk-in closet, and a stylish 4-piece ensuite with dual sinks and a full-size shower. The additional bedrooms are well-sized, while upper-floor laundry keeps daily routines simple and efficient. The fully developed legal basement suite is a major advantage, offering 2 bedrooms, 1 bathroom, a private entrance, and a smart layout that maximizes usable living space. Whether you’re looking for a mortgage helper, comfortable accommodations for extended family, or a long-term investment opportunity, the suite adds meaningful value, flexibility, and income potential. Located in the award-winning lake community of Mahogany, this home is a must see!

1304 Mahogany Boulevard Se, Calgary

Courtesy of Real Broker.

$774,900

3 Beds ⋅ 3 Baths ⋅ A2332910 MLS® #

Introducing the exquisite “Tilsa” by Hopewell Residential in Calgary’s award winning lake community of Mahogany, where thoughtful design, modern finishes, and four season lifestyle all come together. From the moment you arrive, this home feels inviting and functional, with an expansive floor plan that’s made for busy families, casual get-togethers, and everything in between. Step inside and you’re greeted by a versatile main floor flex room with a barn door that can easily adapt as your life does, home office, kids’ homework zone, playroom, or hobby space. Just beyond, the open-concept living and dining area creates a seamless flow that’s perfect for entertaining. Large windows draw in natural light and frame your main floor in a warm, comfortable glow, whether you’re hosting friends for dinner or enjoying a quiet night in around the fireplace. At the heart of the home sits a chef-inspired kitchen that’s as beautiful as it is functional. The spacious central island offers plenty of seating for casual breakfasts or after-school snacks, while the gorgeous quartz countertops, two-tone cabinetry, extra drawers for organized storage, and classic marble style tile backsplash elevate the space with timeless style. A sleek chimney hood fan and stainless steel appliances complete the picture, giving you a kitchen that’s ready for everything from weeknight meals to holiday hosting. Upstairs, the layout is designed with family living in mind. A perfectly placed central bonus room separates the primary suite from the additional bedrooms, adding privacy and creating an ideal spot for movie marathons, game nights, or watching the big game. The primary bedroom is a true retreat—spacious, serene, and tucked away—featuring a luxurious 5-piece ensuite with dual sinks, a soaker tub, separate shower, and a large walk-in closet to keep everything neatly organized. The additional bedrooms are bright and comfortable, ideal for kids, guests, or a second home office. The upper-floor laundry is just steps away from all bedrooms, making day-to-day living that much easier. Outside, this home is set up for sun-filled outdoor living. With sunny south exposure, you’ll enjoy warm, bright days on your future deck or patio—perfect for summer BBQs, backyard hangouts, or just unwinding after a day at the lake. The 9' foundation and secondary side entrance open the door to future basement development, making this home ready for a potential secondary suite or extended family space down the road (a secondary suite would be subject to approval and permitting by the city/municipality). A double attached garage provides plenty of room for vehicles, storage, and all your lake toys. Living in Mahogany means you’re not just buying a home—you’re stepping into a lifestyle. **Photos are from the show home/previous builds to demonstrate quality of construction & finishes and may not be an exact representation of this home**

99 Mercado Crescent Se, Calgary

Courtesy of Real Broker.

$550,000

3 Beds ⋅ 4 Baths ⋅ A2332697 MLS® #

Welcome to this stylish duplex in sought-after Mahogany, featuring large double master suites and a fully developed basement! With 3 bedrooms and 3.5 bathrooms, this home offers the perfect blend of comfort and functionality. The open-concept main floor is bright and inviting, with modern finishes and a well-designed kitchen. Upstairs you'll find two spacious master bedrooms, each with its own ensuite. The fully finished basement adds a third bedroom, full bath, and flexible living space—ideal for guests, a home office, or a rec room. Enjoy lake living, parks, and all the amenities Mahogany has to offer!

198 Masters Avenue Se, Calgary

Courtesy of Real Broker.

$729,900

3 Beds ⋅ 3 Baths ⋅ A2332286 MLS® #

Welcome to this stunning, meticulously, maintained Hopewell built two storey home in the award winning lake community of Mahogany. Situated on a huge pie shaped lot, this property offers over 1,700 sq. ft. of thoughtfully designed living space with 3 bedrooms, 2.5 bathrooms, and an open-concept layout perfect for everyday living and entertaining. 10ft ceilings on the main create a bright, spacious feel throughout the home.The bright, modern kitchen features ample cabinetry, a large central island, separate pantry and flows seamlessly into the spacious dining area and inviting living room with custom linen drapery. Upstairs, the generous primary retreat offers a walk in closet and private ensuite featuring a soaker tub and separate shower, complemented by two additional bedrooms, a full bathroom, and convenient upper-level laundry. Complete with custom Hunter Douglas Blinds throughout.A standout feature of this property is the impressive 22' x 26' finished and heated detached garage, offering exceptional space for vehicles, storage, hobbies, or a workshop. In addition, there's parking for three more vehicles or RV parking, a rare find in this sought after community.Outside, you'll appreciate the fully landscaped oversized pie-shaped lot, complete with maintenance free artificial turf, allowing you to spend more time enjoying your yard and less time maintaining it. The expansive outdoor space is perfect for entertaining and relaxing.The undeveloped basement has 9ft ceilings and is roughed-in for future plumbing, providing an excellent opportunity to customize the space to suit your family's needs.Located just minutes from Mahogany's private lake, beaches, parks, pathways, schools, shopping, restaurants, and major commuter routes, this move-in-ready home combines quality Hopewell craftsmanship with an exceptional lot, outstanding parking, and one of the most versatile garage setups you'll find in this price range. This is a fantastic opportunity to enjoy the Mahogany lifestyle with lake access, low-maintenance outdoor living, and all the space your family needs.

99 Masters Road Se, Calgary

Courtesy of Greater Calgary Real Estate.

$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.

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