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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Find Your Perfect Home in Southeast Calgary: Browse by Price Range
| $200,000 - $375,000 | $500,000 - $600,000 | $800,000 - $900,000 |
| $350,000 - $500,000 | $600,000 - $700,000 | $900,000 - |
| $400,000 - $500,000 | $700,000 - $800,000 | SW CALGARY HOMES FOR SALE |
Explore Mahogany's Diverse Real Estate Offerings
| MAHOGANY DETACHED HOMES FOR SALE | MAHOGANY CONDOS FOR SALE |
| MAHOGANY TOWNHOMES FOR SALE | BUNGALOWS FOR SALE IN MAHOGANY |
There are several ways to contact Diane Richardson:
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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.
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Phone number: Call me directly at 403.397.3706 with any questions or to schedule viewings.
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Email address: Reach out to me at Diane@Mypadcalgary.com with any questions or to request more information.
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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.
BUNGALOWS FOR SALE IN KILLARNEY/GLENGARRY CALGARY
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2601 27 Street SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2227757
2601 27 Street SW Calgary T3E 2G4 
$1,045,000Residential- Status:
- Active
- MLS® Num:
- A2227757
- Bedrooms:
- 3
- Bathrooms:
- 1
- Floor Area:
- 843 sq. ft.
Prime Development Opportunity in Killarney! Discover the perfect investment opportunity with this charming 3-bedroom, 1-bathroom home situated on a large 50' x 125 CORNER lot in the sought-after neighborhood of Killarney. Located on a quiet street, this spacious lot is an ideal choice for developers and investors. With R-CG zoning this property offers a fantastic opportunity for a multi-family development. Enjoy the convenience of being just minutes from downtown, with easy access to transit, schools, parks, and local amenities. Whether you're looking to build or hold, this property offers endless potential in a high-demand area. Don’t miss out on this rare opportunity—contact us today to book a viewing! More detailsListed by Keller Williams BOLD Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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2628 36 Street SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2236316
2628 36 Street SW Calgary T3E 2Z8
$999,999Residential- Status:
- Active
- MLS® Num:
- A2236316
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,132 sq. ft.
Prime Development Opportunity in Killarney, SW Calgary. A well-maintained bungalow situated in one of Calgary’s most sought-after communities—Killarney/Glengarry. This property offers exceptional value and is ideal for builders or investors looking to take on a project without delay. R-CG Zoned lot with approved Development Permit (DP)—ready for immediate construction. Plans in place for a fourplex, each unit boasting 1,815 sq ft above grade, plus a legal basement suite for a total of eight legal units. Four detached single-car garages, one per unit. The bungalow currently features three bedrooms on the main floor and a partially finished basement. Well-designed plans with beautiful modern elevations. The elevation image shown is from a similar project currently under construction and is nearly identical. This is a turnkey development opportunity—no waiting on plans or city approvals. Start building right away in a high-demand location close to downtown, schools, parks, and public transit. More detailsListed by RE/MAX iRealty Innovations- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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3234 Kinsale Road SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2236230
3234 Kinsale Road SW Calgary T3E 4S2
$899,000Residential- Status:
- Active
- MLS® Num:
- A2236230
- Bedrooms:
- 4
- Bathrooms:
- 2
- Floor Area:
- 1,120 sq. ft.
$100,000 PRICE REDUCTION!! **SEE WHAT MAKES THIS PROPERTY TRULY UNIQUE. WATCH THE FULL CINEMATIC VIDEO NOW** INVESTOR & BUILDER ALERT – 3234 KINSALE ROAD SW | OVERSIZED CORNER LOT IN KILLARNEY Unlock the full potential of this rare inner-city opportunity in one of Calgary’s most established and in-demand redevelopment hubs. Situated on a quiet, tree-lined street in Killarney, this well-maintained single-family home sits on a premium 55' x 118' corner lot—a standout parcel perfect for your next high-value project. Zoned for low-density redevelopment and ideally suited for a luxury single-family home, side-by-side duplex, or a multi-family project with legal suites, this site checks all the boxes for strategic infill development. The corner lot configuration offers ideal site access and design flexibility—perfect for maximizing unit count, curb appeal, and return on investment. The existing 4-bedroom, 2-bathroom home is livable and rentable, giving you holding income while you plan your build. With mature trees, southwest backyard exposure, and easy access to transit, schools, Marda Loop, and downtown, this location is prime for long-term value. Whether you're looking to build a luxury custom home, a modern 4-plex with basement suites under CMHC’s MLI Select program, or hold as a cash-flowing rental with future upside—this property offers a rare combination of lot size, location, and redevelopment versatility. More detailsListed by Real Broker- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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2021 33 Street SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2241365
2021 33 Street SW Calgary T3E 2S7
$890,000Residential- Status:
- Active
- MLS® Num:
- A2241365
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 970 sq. ft.
Wow! An Outstanding Opportunity Awaits in the Highly Sought-After Inner-City Neighborhood of Killarney! This well-maintained property, complete with an illegal suite, presents incredible potential for builders, investors, or homeowners looking for the perfect site to build your dream home. The prime location and versatile options make this an exceptional offering not to be missed! Situated on a 50' x 120' H-GO lot with a coveted west-facing backyard, this 3-bedroom bungalow with original hardwood floors offers a total of over 1870 square feet of enormous potential. The well-equipped illegal suite is spacious and bright and delivers several astute options — whether holding and leasing the two levels while planning for future redevelopment on this prime inner-city site or owning a piece of history and renovating to its original charm, THIS property offers the added flexibility ideal for your plans. Further highlights of this special property include an OVERSIZED double detached HEATED garage with New Roof (2024), a lovely private and covered patio with New Roof (2024), RV parking, dual furnaces and legal egress windows in the lower level. The exceptional location is close to schools, shopping, transit, the Killarney Aquatic & Recreation Centre and community garden, vibrant 17th Avenue, nearby parks and walking paths, AND a MERE 6 MINUTE drive to downtown. 2021 – 33 St. S.W. truly offers it all — an outstanding inner-city location, a walkable lifestyle, and amazing potential for future growth! More detailsListed by Coldwell Banker Mountain Central- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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3212 Kerrydale Road SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2241044
3212 Kerrydale Road SW Calgary T3E 4S6 OPEN HOUSE: Jul 20, 202501:00 PM - 03:00 PM MDTOpen House on Sunday, July 20, 2025 1:00PM - 3:00PM
$850,000Residential- Status:
- Active
- MLS® Num:
- A2241044
- Bedrooms:
- 4
- Bathrooms:
- 2
- Floor Area:
- 1,027 sq. ft.
OPEN HOUSE: Sunday July 20th from 1–3PM | First Time on the Market! Welcome to this exceptional opportunity in the heart of Killarney! Situated on an expansive 9,000+ sq ft lot directly across from beautiful green space, this well-maintained bungalow combines timeless charm with thoughtful upgrades. The main level offers three spacious bedrooms, a bright, renovated kitchen, updated triple-pane windows, and a full 4-piece bathroom. The lower level extends your living space with a large recreation room, fourth bedroom, another full 4-piece bathroom, and ample room for relaxing or entertaining. Also upgraded is the furnace and hot water tank. Step outside to enjoy the large updated deck and a lush, private backyard filled with fruit trees—including Saskatoon berries, chokecherries, and apple trees—ideal for gardeners and families. A massive oversized double garage and additional parking pad (room for 2–3 vehicles) add to the home’s functionality. Whether you're looking to move in, invest, or explore redevelopment opportunities, this rare oversized lot in a sought-after community offers endless potential. More detailsListed by Real Estate Professionals Inc.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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3243 Kenmare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2225411
3243 Kenmare Crescent SW Calgary T3E 4R4
$825,000Residential- Status:
- Active
- MLS® Num:
- A2225411
- Bedrooms:
- 5
- Bathrooms:
- 2
- Floor Area:
- 1,016 sq. ft.
Attention Builders & Developers! This is an amazing opportunity to secure a prime redevelopment property in the highly sought-after community of Killarney. Located on a rare cul-de-sac, this expansive 50' x 120' lot offers endless possibilities for new construction. With a desirable south-facing backyard, the property provides the perfect setting for a sun-filled home or multi-unit development. Surrounded by tree-lined streets and close to parks, schools, shopping, and transit, this location is ideal for future homeowners seeking both convenience and charm. This property is being sold for land value—don’t miss your chance to capitalize on this exceptional investment opportunity! More detailsListed by MaxWell Capital Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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3419 Kerry Park Road SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2230599
3419 Kerry Park Road SW Calgary T3E 4S5
$799,999Residential- Status:
- Active
- MLS® Num:
- A2230599
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 996 sq. ft.
Welcome to this charming bungalow sitting on a 50 x 120 lot on a lovely street with INFILLS and LUXURY homes offering an unbeatable Killarney location facing a small green space. With a practical layout encompassing 995 sq ft, the main level offers HARDWOOD THROUGHOUT. A living/dining area with a large picture window and patio door allowing an abundance of NATURAL LIGHT. Enjoy peaceful views of the EXPANSIVE backyard from the kitchen window. The main floor features two LARGE bedrooms and a 4-piece bathroom. The lower level OFFERS a large rec room with patio doors, BIG 4th bedroom, 2 pc bathroom with room to add a shower and partially finished kitchen area with an entrance. The WEST FACING backyard is great for relaxing or gardening. Double detached garage. Great property to rent out and plan for future developments. LOCATION IS KEY, and this property does not disappoint. Close to elementary schools (Catholic & regular), high school, Mt Royal University, shopping, quick access to Stoney. More detailsListed by eXp Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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2612 26A Street SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2228102
2612 26A Street SW Calgary T3E 2C7
$549,000Residential- Status:
- Active
- MLS® Num:
- A2228102
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 813 sq. ft.
OPEN HOUSE Sun June 22 12:00-2:00 LOCATION, LOCATION, LOCATION. Here’s your rare chance to own a piece of one of the most beloved streets in Killarney—an inner-city gem where character meets modern comfort. This charming, well-maintained home is a true standout, effortlessly blending its original architectural details with tasteful contemporary updates. From the moment you step inside, you’ll feel the warmth and history that make this property so special. The main floor showcases timeless details alongside modern touches. The beautifully updated kitchen is both stylish and functional. The bathroom has been upgraded, and newer windows brighten the cozy bedrooms, bringing in soft, natural light.Need more space? Head downstairs to the fully finished basement complete with a generous family room, a full 3-piece bathroom, and an additional den—ideal for a teen retreat, or a home office.Step out back and you’ll discover your private oasis: a deck overlooking a beautifully treed backyard. It’s the perfect spot for lazy summer evenings, weekend BBQs, or morning coffee surrounded by nature.But there’s more... this street is one of Killarney’s most sought-after for a reason. Lined with mature trees and sprinkled with stunning new infill homes, the location offers strong redevelopment potential for the future—or simply move in and enjoy everything this incredible home already has to offer. Whether you're a first-time buyer looking for character and comfort, an investor eyeing a prime redevelopment opportunity, or simply someone dreaming of a home that tells a story—this is the one. Don't just find a home—discover one worth loving. More detailsListed by RE/MAX Complete Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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2025 26A Street SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2223655
2025 26A Street SW Calgary T3E 2B9
$549,000Residential- Status:
- Active
- MLS® Num:
- A2223655
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 800 sq. ft.
Solidly built dollhouse in the heart of Killarney secluded behind a hedge with three big cedar trees for added privacy. 9' ceiling throughout the upper level. Back yard has a firepit, shed and a private deck facing west for great sun! Quiet neighbourhood just two blocks from 17th Avenue South. Just a short walk to Killarney Aquatic & Recreation Centre, Alexander Ferguson School, Killarney Off leash Park, churches, Shagannappi Golf Course, local pub, and Bow River Cycle path. Five min drive to Westbrook Mall, Walmart Super Centre and Safeway. Great location in the heart of Killarney. Solid bungalow secluded behind a hedge and cedar trees for added privacy. More detailsListed by ComFree- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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