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.

Find Your Perfect Home in Southeast Calgary: Browse by Price Range

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$400,000 - $500,000 $700,000 - $800,000 SW CALGARY HOMES FOR SALE

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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.

Mahogany Homes for sale under $500,000 In Calgary, Alberta|Martindale

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  • 4825 45 Street: Olds Detached for sale : MLS®# A2210166

    4825 45 Street Olds Olds T4H 1A3
    Main Photo: 4825 45 Street: Olds Detached for sale : MLS®# A2210166

    4825 45 Street Olds T4H 1A3 Olds

    $359,900
    Residential
    Status:
    Active
    MLS® Num:
    A2210166
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    1,007 sq. ft.
    Beautiful Landscaped Yard! The 1007 sq. ft. bungalow with partially developed basement sits on a large 50' x 199' lot that is completely fenced, has mature trees, perennial beds, raised beds, firepit area, pergola, and greenhouse. The house boasts 2 bedrooms, 1 - 4 piece bathroom, nice size kitchen, large living/dining room and separate sitting area with access to west facing 2 tiered deck. Basement development includes a family room with baseboard heat, undeveloped laundry area w/sink, and lots of storage. Home has seen numerous upgrades over the years including high efficiency furnace, hot water tank, and most windows to name a few. A 11' x 15' Workshop was added in 2016 that is completely insulated with power and electric heat. There is also a 15'5 x 23' detached garage with rear alley access. Call today to view! More details
    Listed by Widmer Realty Ltd.
    LISTING DETAILS

  • 5917 Ash Street: Olds Detached for sale : MLS®# A2210211

    5917 Ash Street Olds Olds T4H 1K8
    Main Photo: 5917 Ash Street: Olds Detached for sale : MLS®# A2210211

    5917 Ash Street Olds T4H 1K8 Olds

    $549,900
    Residential
    Status:
    Active
    MLS® Num:
    A2210211
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,309 sq. ft.
    Beautiful 4-Level Split Family Home Backing onto School Playground! This immaculate 4-level split family home is a must-see! Perfectly located directly behind the middle school, with your backyard opening onto the school playground—ideal for families with school-aged children. Inside, you’ll find a well-maintained home with numerous recent upgrades, including new windows, some eaves, recent paint, new garage door, some faucets and toliets, ensuring both comfort and peace of mind. The spacious layout offers plenty of room to grow, entertain, and relax across four thoughtfully designed levels. Enjoy outdoor living on the covered back deck, perfect for summer BBQs or relaxing evenings. The home is in amazing condition—too many upgrades and features to list! Don’t miss your chance to own this beautifully updated family home in a prime location. Book your private viewing today with your favourite Realtor! More details
    Listed by RE/MAX ACA Realty
    LISTING DETAILS

  • 4833 48 Street: Olds Detached for sale : MLS®# A2210827

    4833 48 Street Olds Olds T4H 1E1
    Main Photo: 4833 48 Street: Olds Detached for sale : MLS®# A2210827

    4833 48 Street Olds T4H 1E1 Olds

    $438,000
    Residential
    Status:
    Active
    MLS® Num:
    A2210827
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    976 sq. ft.
    Welcome to this beautiful 4-bedroom, 2-bathroom home, perfectly situated on a premium corner lot with 1.5x wider lot frontage than typical—offering incredible curb appeal and extra outdoor space. With 3 bedrooms conveniently located upstairs and a 4th bedroom on the lower level, there's room for the whole family and flexibility for a home office, guest suite, or hobby room. Step inside and enjoy a thoughtfully laid-out floor plan, complemented by the large kitchen and NO Poly-B piping for peace of mind. Outside, you’ll find a double garage, ample parking including space for your RV, plus the potential to create the ultimate backyard retreat thanks to the oversized lot. Located in a quiet, established neighborhood with easy access to schools, parks, and amenities—this home checks all the boxes for comfortable family living with room to grow. Call your favourite REALTOR® now to book your private viewing. More details
    Listed by Century 21 Masters
    LISTING DETAILS

  • 5613 Sunrise Crescent: Olds Detached for sale : MLS®# A2210844

    5613 Sunrise Crescent Olds Olds T4H 1V9
    Main Photo: 5613 Sunrise Crescent: Olds Detached for sale : MLS®# A2210844

    5613 Sunrise Crescent Olds T4H 1V9 Olds

    $429,900
    Residential
    Status:
    Active
    MLS® Num:
    A2210844
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,398 sq. ft.
    Rare Detached Home in Quiet 50+ Crescent. A unique opportunity in this established 50+ community—this is the only detached home on a crescent surrounded by well-kept duplexes. Set in a quiet, friendly neighborhood, this spacious home offers privacy and comfort with the convenience of nearby amenities and is just minutes from walking paths and the hospital. The open floor plan features a bright living room with a gas fireplace and built-in bookcases, a cozy dining area with a built-in China cabinet, and a functional U-shaped kitchen with skylight. The primary bedroom includes a 3-piece ensuite, while the second bedroom—ideal as an office or guest room—is situated at the front of the home. Back entrance to the attached single garage (17'1 x 20'11) also features a 2-piece bath along with laundry area with stackable washer/dryer and built in storage, the staircase leads to the finished basement with large rec/games room, bedroom, family room, 3-piece bath, storage room and utility room. Enjoy the south-facing backyard that backs onto green space, perfect for mornings or afternoon sun. Recent updates include new carpet and vinyl plank flooring, with shingles and eavestroughs replaced in 2016. A rare find in a sought-after location. More details
    Listed by Coldwell Banker Vision Realty
    LISTING DETAILS

  • 5115 Shannon Drive: Olds Detached for sale : MLS®# A2211552

    5115 Shannon Drive Olds Olds T4H 1X3
    Main Photo: 5115 Shannon Drive: Olds Detached for sale : MLS®# A2211552

    5115 Shannon Drive Olds T4H 1X3 Olds

    $539,900
    Residential
    Status:
    Active
    MLS® Num:
    A2211552
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,400 sq. ft.
    Fantastic location! This beautiful home has GREENSPACE on the front and rear of the home as it backs onto a park & is across the street from a municipal reserve. This home features nice open development and VAULTED CEILINGS throughout the kitchen, dining, and living area. Enjoy the spacious kitchen with corner pantry, ample storage, and ISLAND with eating bar. The dining area has access to the SW FACING BACKYARD overlooking the GREENSPACE. The living room has a corner GAS FIREPLACE, perfect for winter evenings. There is also a large office at the front of the home that could be used as a formal dining or living room. To complete the main floor there is a spacious master bedroom with 4 PIECE ENSUITE and WALK IN CLOSET, 2 piece bathroom, and laundry area. There is also access to the oversized DOUBLE ATTACHED (24’5” x 27’). Downstairs offers LARGE WINDOWS, 2 more bedrooms, 4 piece bathroom, STORAGE areas, and beautiful family room with GAS FIREPLACE. You will love this SUNNY SOUTH FACING COVERED DECK overlooking the FENCED YARD. Enjoy all that this home has to offer! Don’t wait, book your showing today. More details
    Listed by Quest Realty
    LISTING DETAILS

  • 4812 48 Street: Olds Semi Detached (Half Duplex) for sale : MLS®# A2209868

    4812 48 Street Olds Olds T4H 1W9
    Main Photo: 4812 48 Street: Olds Semi Detached (Half Duplex) for sale : MLS®# A2209868

    4812 48 Street Olds T4H 1W9 Olds

    $364,000
    Residential
    Status:
    Active
    MLS® Num:
    A2209868
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    896 sq. ft.
    This beautifully finished half duplex is bright, open, and move in ready! You’ll love the tall vaulted ceilings, large windows that bring in tons of natural light, and newly resurfaced solid Canadian Oak floors that add warmth and character throughout the main floor. It features 3 bedrooms (1 up, 2 down) and 2 full bathrooms. The main floor offers bright hardwood floors, stainless steel appliances and great size counter space that doubles as a breakfast bar. The main bath includes a corner shower, upgraded vessel sink, and a convenient cheater door to the primary bedroom—which also has hardwood floors and double closets. Downstairs is fully developed with two generous bedrooms, a cozy TV room, a 4-piece bath, and a separate laundry room. You’ll stay cozy all winter thanks to in-floor hot water heating and energy-efficient ICF foundation construction, which also makes it super quiet between units. Other great features include a high-efficiency furnace and hot water tank,Central Air Conditioning, built-in TV wall mounts, outdoor plugs for Christmas lights, and both a south-facing front porch and a private back deck—perfect for relaxing or BBQing at the end of the day. Call You're favourite Realtor today for you own personal tour! More details
    Listed by Real Broker
    LISTING DETAILS

  • 79 Harrison Green: Olds Detached for sale : MLS®# A2212061

    79 Harrison Green Olds Olds T4H 0E5
    Main Photo: 79 Harrison Green: Olds Detached for sale : MLS®# A2212061

    79 Harrison Green Olds T4H 0E5 Olds

    $1,185,000
    Residential
    Status:
    Active
    MLS® Num:
    A2212061
    Bedrooms:
    6
    Bathrooms:
    5
    Floor Area:
    3,028 sq. ft.
    Welcome to this exquisite executive-style bungalow, ideally situated in the sought-after Highlands subdivision. Boasting nearly 6,000 sq ft of fully finished living space, this home offers luxurious comfort, thoughtful design, and top-tier finishes throughout. Set in a neighborhood of custom built homes, the property features striking curb appeal with Hardie board siding, composite decking, and both covered front and rear decks. Step inside to be welcomed by soaring 12-foot ceilings on the main level. Just off the foyer, a versatile den offers the perfect space for a home office, music room, or hobby area. The open concept kitchen, dining, and living areas are designed for effortless entertaining. The living room showcases serene backyard views, a cozy corner gas fireplace and an 85 inch wall mounted TV. The chef inspired kitchen is a true centerpiece, equipped with Frigidaire commercial grade refrigerator and freezer, wall ovens, a gas cooktop, granite countertops, large island, and a spacious corner pantry. The sunlit dining area opens to an enclosed sunroom, ideal for plant lovers and leads out to a covered back deck with dedicated spaces for entertaining and barbecuing. Just off the main living area, you’ll find a private living area complete with its own sitting room (also features a second corner fireplace), a generous bedroom, a 4pce bathroom, and access to a private enclosed deck. The main floor also includes a convenient 2pce powder room, laundry room, additional storage, access to a triple car garage with lift and a luxurious primary suite featuring a walk in closet and a spa like 4 pce ensuite with a separate soaker tub and shower. New engineered hardwood installed through the main and stairs leading to the basement. The fully developed lower level provides exceptional space and flexibility, including a large family room, an exercise area, two full bathrooms and four generously sized bedrooms—two on each side of the home. You’ll also find a mechanical/storage area and a laundry/kitchenette space for added convenience. Outside, enjoy a beautifully landscaped, fully fenced backyard with low-maintenance finishes and a garden shed for all your storage needs. This exceptional home is move in ready and packed with high end features—perfect for large families or multi-generational living. Call today to book your private tour!! More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS

  • 18 5800 46 Street: Olds Mobile for sale : MLS®# A2214230

    18 5800 46 Street Olds Olds T4H 1G7
    Main Photo: 18 5800 46 Street: Olds Mobile for sale : MLS®# A2214230

    18 5800 46 Street Olds T4H 1G7 Olds

    $169,000
    Mobile
    Status:
    Active
    MLS® Num:
    A2214230
    Bedrooms:
    3
    Bathrooms:
    1
    Floor Area:
    863 sq. ft.
    Fully renovated Mobile Home in a family friendly Mobile Home Park close to Foothills Hospital, Children's Hospital as well as downtown, Highway 1 and Stoney Trail. Renovation included: New metal roof, New windows, New light fixtures, New kitchen and bathroom vanity countertops. Wall panels and old insulation replaced with new insulation and drywall. More details
    Listed by CIR Realty
    LISTING DETAILS
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Diane Richardson
Cell: 403-397-3706