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!