Discover Affordable Mahogany Homes for Sale Under $500,000 in Calgary (Updated Daily)

Mahogany, the vibrant and desirable community in Calgary, is not just known for its luxurious lakefront properties. The neighborhood also offers a selection of homes for sale under $500,000, providing an excellent opportunity for first-time homebuyers, young families, and those seeking more affordable options without compromising on the Mahogany lifestyle.

Highlights of Mahogany Homes Under $500,000 in Calgary

  1. Lakeside Living at a Lower Price Point: While Mahogany is renowned for its premium lakefront homes, the community also features more affordable options, allowing residents to enjoy the benefits of lakeside living without breaking the bank.

  2. Diverse Home Styles: The homes for sale under $500,000 in Mahogany come in a variety of styles, including townhouses, semi-detached, and compact single-family residences, catering to diverse homebuyer needs and preferences.

  3. Functional and Efficient Layouts: These more affordable Mahogany homes often feature well-designed floor plans that maximize living space, with open-concept living areas, ample storage, and thoughtful use of square footage.

  4. Modern Finishes and Amenities: Even at the lower price point, the Mahogany homes under $500,000 boast contemporary finishes, such as stainless steel appliances, quartz or granite countertops, and energy-efficient features, providing a sense of quality and comfort.

  5. Access to Community Amenities: Regardless of the home's price, Mahogany residents enjoy full access to the community's exceptional amenities, including the 49-acre lake, parks, walking trails, recreation centers, and a vibrant commercial district.

  6. Ideal for First-Time Homebuyers: The Mahogany homes under $500,000 represent an excellent entry point into the Calgary real estate market, allowing first-time homebuyers to establish a foothold in a highly desirable community.

  7. Investment Potential: With Mahogany's reputation for growth, desirability, and continuous development, these more affordable homes can offer strong long-term investment opportunities for homeowners.

  8. Convenient Location: Mahogany's strategic location provides easy access to major transportation routes, employment hubs, and a variety of recreational and leisure options, making it an attractive choice for a wide range of homebuyers.

Work with a Trusted Real Estate Professional

To explore the available Mahogany homes for sale under $500,000 in Calgary, we recommend partnering with a seasoned real estate expert like Diane Richardson. Diane's deep understanding of the local market and commitment to personalized service will ensure you find the perfect home that aligns with your budget, lifestyle, and investment goals.

Contact Diane Richardson:
Phone: 403.397.3706
Email: diane@mypadcalgary.com

Discover the Affordable Allure of Mahogany, Calgary

Explore the captivating Mahogany homes for sale under $500,000 in Calgary, where lakeside living, modern amenities, and exceptional value converge. Partner with Diane Richardson to find your dream home in this vibrant and desirable community.

There are several ways to contact Diane Richardson:

  1. Contact form: Fill out the contact form on my website to send me a message directly from the page. Please include your name, email address, and a message, along with the property address or MLS® number for the listing you're interested in.

  2. Phone number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

  3. Email address: Reach out to me at Diane@Mypadcalgary.com with any questions or to request more information.

  4. Live chat: Utilize the live chat feature on my website to get in touch with me in real-time and receive immediate answers to your questions.

No matter which method you choose, I'm always here to assist you with your real estate needs.

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1903/1907 31 Street SW
Killarney/Glengarry Calgary T3E 2M8

$2,999,000
Land

Main Photo: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 1: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 2: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 3: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 4: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 5: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 6: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 7: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 8: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 9: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 10: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 11: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 12: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Photo 13: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
Status:
Active
Prop. Type:
Land
MLS® Num:
A2201682
A rare opportunity to acquire one of the prime Mixed-Use commercial and residential lots in the area. This MU-2 zoned land boasts an FAR of 5.0, H26 allowing for a maximum development of 53,925 SQF. Positioned on a desirable corner lot, the property features 120 feet of frontage and 90 feet of depth, totaling 10,785 SF. With vehicle access available on three sides, the site offers exceptional visibility, facing a major roadway (17th Ave SW), with exposure to over 21,000 vehicles daily. Additionally, there is the noteworthy cost savings to development, which include the recent relocation of utility poles, eliminating any associated demolition costs. The property comes with an approved Development Permit (DP) and available plans for a medical/retail building. However, there is excellent flexibility to pursue a retail/residential development if desired. DP2020-1250 Approved: New: Medical Clinic, Retail and Consumer Service, Restaurant: Neighborhood, Accessory Residential Building (garbage enclosure). - 3 Storey (Main floor retail and upper floors medical offices - Main Floor: 4 Units retail (5,630 SF) - 2nd Floor: 2 Units (6,674 SF) - 3rd Floor: 2 Units (6,092 SF) - Underground parking 19 stalls.
Property Type:
Land
Property Sub Type:
Commercial Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
10,785 sq. ft.
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Bathrooms:
- (Full:-, Half:-)
Plan:
3619FU
Ensuite:
No
Garage:
0
Killarney/Glengarry
n/a
Call Lister
Title to Land:
Fee Simple
Lot Features:
Back Lane, City Lot, Cleared, Corner Lot, Street Lighting
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
MU-2 f5.0h26
Listed Date:
Mar 12, 2025
Days on Mkt:
  • Photo 1: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
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  • Photo 13: 1903/1907 31 Street SW in Calgary: Killarney/Glengarry Commercial Land for sale : MLS®# A2201682
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Listed by ROYAL LEPAGE SOLUTIONS
Data was last updated April 26, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
78
Avg list price:
$1,199,450
Min list price:
$425,000
Max list price:
$16,757,850
Avg days on market:
78
Min days on market:
1
Max days on market:
2,825
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706