Walkout Basement Homes for Sale SE Calgary | Southeast Calgary Properties 
Discover the charm and functionality of walkout basement homes for sale in SE Calgary. These properties provide extra living space, natural light, and versatile layouts, perfect for families, luxury buyers, and investors. Southeast Calgary is home to some of the city’s most sought-after neighborhoods, including Mahogany, Auburn Bay, and Cranston.
If affordability is your goal, explore Southeast Calgary homes with walkout basements under $700,000. For those seeking upscale living, luxury walkout homes in Auburn Bay with lake access offer unparalleled amenities. Families will love walkout basement homes near parks and schools in McKenzie Towne, providing the perfect blend of comfort and convenience.
Whether you’re looking for a home with stunning lakefront views or a modern new build, SE Calgary has options to suit every lifestyle. Begin your journey today to find the perfect walkout basement home in this vibrant community.
Contact Diane Richardson
Phone: 403.397.3706
Email: diane@mypadcalgary.com
Step into Luxury: Walkout Basement Homes for Sale in Calgary
Modern Walkout Basement Homes for Sale in Southeast Calgary
May 16, 2026
01:00 PM
-
04:00 PM
MDT
242 Mahogany Place SE
Calgary
T3M 1W3
$1,650,000
Residential
beds: 4
baths: 4.0
3,302 sq. ft.
built: 2013
Open House
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May 16, 2026
01:00 PM
-
04:00 PM
MDT
NOTES: Open House on Saturday, May 16, 2026 1:00PM - 4:00PM
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2310899
- Bedrooms:
- 4
- Bathrooms:
- 4
- Year Built:
- 2013
- Photos (50)
- Schedule / Email
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- Mortgage calculator
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Welcome to "The Waters" of Mahogany — Where Luxury Meets the Lake.
This is one of those rare homes you don't forget. Sitting on a massive pie-shaped lot on a quiet cul-de-sac, backing directly onto greenspace with access to a semi-private dock — this property offers something you simply can't buy: a lifestyle. Over $450,000 in premium upgrades have been invested over the past couple of years, and it shows in every detail.
From the moment you step inside, the wainscotting feature wall and hand-scraped hardwood floors set the tone. The front den with glass French doors and in-ceiling speakers is ready for your home office. The living room soars open to above, anchored by a dramatic floor-to-ceiling tile gas fireplace — a stunning focal point in an open, airy space.
Natural light floods the dining room through a cantilever window design — a beautiful space to host family and friends through every season.
The kitchen is the heart of this home. Creamy white cabinetry with gold bar-pull hardware pops against a dramatic black linear tile backsplash, while glass pendants with brass fixtures cast a warm glow over the space. The appliances match the ambition: Fisher & Paykel double-sized fridge, Viking gas cooktop, KitchenAid built-in oven/microwave combo, Bosch dishwasher, and a bold stainless steel chimney hoodfan anchored by a large island with soft-close cabinets built for both cooking and gathering. A dedicated tech area and walk-in pantry keep the home running smoothly behind the scenes.
Step out onto the upper deck — completely transformed with a full Suncoast three-season enclosure, electric screens, blacked-out railing, new pergola, and outdoor speakers. Below, a stamped concrete path leads to a tiered landscaped yard, an extended lower patio, and a brand-new saltwater hot tub with its own 50-amp electrical service — all professionally completed and surrounded by mature new trees, fresh sod, and a fully redesigned irrigation system. The exterior facelift — new paint, garage door, and doors — gives this home serious curb appeal.
Upstairs, a central bonus room with iron spindles overlooks the two-storey windows and delivers downtown Calgary views. The primary bedroom is a true retreat: spacious, flooded with light, with views of the city skyline and a five-piece ensuite featuring a centre soaker tub, stand-alone shower, dual sinks, and a storage tower. Two generously sized kids' rooms each have walk-in closets. The kids' five-piece bathroom features dual sinks and heated floors. Laundry is conveniently located on the upper level with direct access to the primary.
The fully finished walkout basement adds 1,470 sq ft of living space — a massive rec room roughed in for a bar and projector, two additional bedrooms, and a four-piece bathroom. Step out to the sheltered concrete lower patio for year-round convenience.
Additional features include: Kinetico water softener, reverse osmosis system, tankless hot water, new furnace motor, underground sprinklers, security camera.
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Suite:
- No
- Num Legal Suites:
- 0
- Num Illegal Suites:
- 0
- Home Style:
- 2 Storey
- Total Living Area:
- 3,302.26 sq. ft.
- Main Level Finished Area:
- 1,570.9 sq. ft.
- Below Grade Finished Area:
- 1,470.79 sq. ft.
- HOA Fee Frequency:
- Annually
- Acreage:
- No
- Lot Area:
- 8,675 sq. ft.
- Lot Frontage:
- 114'6⅛"
- Front Exposure:
- Southeast
- Levels:
- Two
- Total Rooms Above Grade:
- 8
- Year built:
- 2013 (Age: 13)
- Bedrooms:
- 4 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 1
- Bathrooms:
- 4.0 (Full:3, Half:1)
- Plan:
- 1310911
- Heating:
- Forced Air
- Basement:
- Full, Finished, Walk Out
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Stucco, Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- Yes
- Flooring:
- Carpet, Hardwood, Tile
- Cooling:
- Central Air
- Fireplaces:
- 1
- Fireplace Details:
- Gas, Living Room
- Garage:
- Yes
- Garage Spaces:
- 2
- Parking:
- Double Garage Attached
- Parking Places:
- 5
- Parking Total/Covered:
- 5 / -
- Laundry Features:
- Laundry Room
- HOA Fee:
- $980.00
- Southeast
- Mahogany
- Beach Access, Boating
- Built-In Oven, Central Air Conditioner, Dishwasher, Garage Control(s), Gas Cooktop, Microwave, Range Hood, Refrigerator, See Remarks, Tankless Water Heater, Washer/Dryer, Water Softener, Window Coverings
- N/A
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Living Room
- 16'5" × 16'
- Main Floor
- Dining Room
- 14'10" × 12'4"
- Main Floor
- Kitchen
- 20'3" × 18'11"
- Main Floor
- Office
- 11'11" × 10'
- Upper Level
- Bonus Room
- 24'1" × 22'5"
- Upper Level
- Bedroom - Primary
- 19' × 15'9"
- Upper Level
- Bedroom
- 15'2" × 10'
- Upper Level
- Bedroom
- 14'5" × 10'
- Upper Level
- Laundry
- 18'2" × 8'7"
- Basement
- Bedroom
- 14'4" × 14'3"
- Basement
- Game Room
- 33'8" × 19'11"
- Basement
- Exercise Room
- 13' × 10'7"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 2
- Upper Level
- Yes
- 5
- 12'8" x 14'8"
- Upper Level
- No
- 5
- Basement
- No
- 4
- Title to Land:
- Fee Simple
- Community Features:
- Lake, Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
- Interior Features:
- Breakfast Bar
- Exterior Features:
- Fire Pit
- Patio And Porch Features:
- Deck, Patio, Pergola, Screened, See Remarks
- Lot Features:
- Backs on to Park/Green Space, Cul-De-Sac, Greenbelt, Pie Shaped Lot, See Remarks, Views
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone SE
- Zoning:
- R-G
- Listed Date:
- May 15, 2026
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Virtual Tour
Virtual Tour
Listed by Real Broker
Data was last updated May 16, 2026 at 12:05 AM (UTC)
Area Statistics
- Listings on market:
- 176
- Avg list price:
- $649,450
- Min list price:
- $237,500
- Max list price:
- $3,100,000
- Avg days on market:
- 31
- Min days on market:
- 1
- Max days on market:
- 291
- Avg price per sq.ft.:
- $414.03
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.
- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
There are many communities in SE Calgary where you can find walkout basement homes for sale
Here are some of the neighborhoods in SE Calgary where you can find Walkout Basement Homes for Sale:
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Cranston: Located in the southeast corner of Calgary, Cranston is a newer community that offers a mix of homes with walkout basements, including single-family homes, townhomes, and condos. It is known for its beautiful views of the Bow River Valley and the Rocky Mountains, as well as its proximity to the Cranston Market and the South Health Campus hospital.
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Auburn Bay: Located just north of Cranston, Auburn Bay is a newer community that offers a mix of homes with walkout basements, including single-family homes, townhomes, and condos. It is known for its beautiful lake, beach, and park, as well as its proximity to the new South Health Campus hospital.
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McKenzie Lake: Located just west of Auburn Bay, McKenzie Lake is an established community that offers a mix of homes with walkout basements, including single-family homes, townhomes, and condos. It is known for its beautiful lake, park, and its close proximity to Fish Creek Provincial Park.
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Copperfield: Located just north of McKenzie Lake, Copperfield is a newer community that offers a mix of homes with walkout basements, including single-family homes, townhomes, and condos. It is known for its numerous parks, playgrounds, and green spaces, as well as its proximity to the Seton Urban District.
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Mahogany: Located just east of Auburn Bay, Mahogany is a newer community that offers a mix of homes with walkout basements, including single-family homes, townhomes, and condos. It is known for its beautiful lake, beach, and park, as well as its close proximity to the Seton Urban District.
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Lake Bonavista: Located just north of McKenzie Lake, Lake Bonavista is an established community that offers a mix of homes with walkout basements, including single-family homes, townhomes, and condos. It is known for its two beautiful lakes, parks, and its close proximity to Fish Creek Provincial Park.
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Chaparral: Located just south of Cranston, Chaparral is an established community that offers a mix of homes with walkout basements, including single-family homes, townhomes, and condos. It is known for its beautiful lake, park, and its close proximity to Fish Creek Provincial Park.
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New Brighton: Located just north of McKenzie Lake, New Brighton is a newer community that offers a mix of homes with walkout basements, including single-family homes, townhomes, and condos. It is known for its numerous parks, playgrounds, and green spaces, as well as its proximity to the Seton Urban District.
These neighborhoods are known for their beautiful homes, excellent schools, and convenient access to amenities such as parks, shopping centers, and restaurants. You can find walkout basement homes in these communities in a variety of styles and sizes, ranging from cozy bungalows to spacious two-story homes.
These are just a few examples of communities in SE Calgary with walkout basement homes for sale.
I can help you find other neighborhoods that meet your criteria.
Diane Richardson Contact information Cell: 403-397-3706, diane@mypadcalgary.com
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Contact form: Use the contact form on my website to send me a message directly. Please include your name, email address, and a message.
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Phone number: You can call me directly with any questions or to schedule viewings at 403.397.3706.
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