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.

Equestrian properties Clearwater County

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  • 390039 Range Road 5-4: Rural Clearwater County Detached for sale : MLS®# A2184539

    390039 Range Road 5-4 Rural Clearwater County Rural Clearwater County T0M 0C0
    Main Photo: 390039 Range Road 5-4: Rural Clearwater County Detached for sale : MLS®# A2184539
    $2,364,000
    Residential
    Status:
    Active
    MLS® Num:
    A2184539
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    1,520 sq. ft.
    A fully operational, income-generating Equestrian & Event facility on 154 acres, priced below appraised value & well below replacement Value! Located on PAVED Hwy 11, just 32 minutes West of Red Deer  on PAVEMENT, this turn-key property includes 120 acres of productive HAY LAND & a 25,000 sq ft (100'x250'x20') engineered steel building, purpose-built in 2015. This fully insulated, heated arena features reinforced overhead doors to ensure alternative useage, a temperature-controlled wash bay, private tack room, HRV systems, radiant heaters, and large-scale ventilation—designed to handle commercial-level activity. This exceptional facility currently generates multiple streams of income from boarding, training, haul-in riders, riding clinics, Jumping, Western/Cattle events, 4H Beef & Horse activities and more. Infrastructure includes a 2022- heated 84’x36’ barn with 12 Hi-Hog stalls, complete with auto-waterers, a 2022- 80’x40x16’ hay/equipment shed, Steel Pipe paddocks with an approx 65 horse capacity, auto-waterers, fenced and cross-fenced for efficient management. The property is serviced by two water wells, two septic systems, natural gas to the arena & propane to the 2013- 1,520 Sqft 4 Bdrm/2 Bthrm Home and barn.  The Viewing lounge with kitchen & accessible bathrooms, enjoys in-floor heat & HRV to add comfort & functionality.  The 34’x100’ Upper Mezzanine is roughed-in for a kitchen, six bathrooms & two showers—ready for expansion into additional revenue space. Residential option includes a 2013 - 1,520 4 Bedroom modular home or removable to lower the price, with a builder ready to BUILD YOUR CUSTOM DREAM HOME!  Paved access on two sides, Mountain views, with major highway infrastructure (Hwy 11 twinning) underway, this strategically located property has a massive growth potential. ALL essential equipment for continued operations is included but can also be excluded for a reduced price. Whether you want to expand, invest, or own privately with some business income on the side, this property delivers value, infrastructure & opportunity—well BELOW appraised Market Value! More details
    Listed by Coldwell Banker OnTrack Realty
  • 390039 Range Road 5-4: Rural Clearwater County Agriculture for sale : MLS®# A2100749

    390039 Range Road 5-4 Rural Clearwater County Rural Clearwater County T0M 0C0
    Main Photo: 390039 Range Road 5-4: Rural Clearwater County Agriculture for sale : MLS®# A2100749
    $2,364,000
    Agri-Business
    Status:
    Active
    MLS® Num:
    A2100749
    Floor Area:
    1,520 sq. ft.
    An exceptional Equestrian or Commercial facility, spans 154 acres with 120 acres of productive hay land. EXCELLENT location off Paved Hwy 11 & RR 5-4, just 32 mins West of Red Deer or 12 mins. East of Rocky Mountain House, AB. The main ARENA building, constructed in 2015, is 25,000 sqft (100x250x20ft) Engineered Steel structure featuring a heated, fully insulated Riding Arena or Commercial space with large overhead doors reinforced for heavy trucks, a temp-controlled wash bay, private Tack Rm, staging areas. It’s equipped with natural gas radiant heaters, commercial HRV systems, a 14’ industrial fan & an exhaust fan. This Event-ready facility currently hosts various INCOME PRODUCING activities, including jumping, reining, ranch roping, 4H events, working cow horse, obstacle playdays, clinics, Haul-in Riders, Boarders & fundraisers. Supported by 15 private pens, 10 paddocks & 5 Auto-waterers its home to Trainers & Boarders. The comfortable Viewing Lounge boasts a kitchen, 2 accessible Bthrms, in-floor heat & HRV. The Upper Mezzanine (34’ x 100’) partially finished with roughed-in natural gas & plumbing for a kitchen, 6 Bthrms & 2 Showers with steel stairs ready for installation. The Barn, just built in 2022, measures 84’ x 36’x14' with 12 stalls, auto-waterers with individual shut-off valves, radiant heat, HRV system & an attached 14’ x 84’ lean-to, with expansion potential. Additional Equipment Storage/ Hay shed, built in 2022, is 80’ x 40’x 16' , with 8 large Steel PIPE pens, 5 Auto-waterers, with entire property fenced & cross-fenced.  Residential OPTIONS include a 2013 Modular home (1,520 sq ft, 4 Bdrms, 2 Bthrms) & a SECOND HOME, an optional 2013 knotty Pine all-season Cabin (2 Bdrms, 4 pc Bth, kitchen) available for purchase. Utilities feature two water wells, two septic systems, natural gas to the arena & propane for the home & barn. The property boasts stunning Mountain Views, over 1,000 trees with attractive landscaping, an upgraded pedestal power system for easy expansion & paved access on 2 sides. The Twinning of Hwy 11, set for 2025, will most certainly boost this property value! Just 35 mins. from Hwy 2 & Red Deer,1 hr 40 mins. to Calgary or Edmonton International Airports. This turnkey operation includes ALL necessary equipment to continue the business, with the Option to exclude all Equestrian equipment or Homes for a reduced price, if you wish to be PRIVATE, keep it all for yourself and build your DREAM Home. If size, location and quality matter, Spur West is a must-see! See the Commercial Land and Buildings only Listing- MLS A2193375. More details
    Listed by Coldwell Banker OnTrack Realty
  • 381020 Range Road 5-4: Alhambra Detached for sale : MLS®# A2243206

    381020 Range Road 5-4 Alhambra Alhambra T0C 1V0
    Main Photo: 381020 Range Road 5-4: Alhambra Detached for sale : MLS®# A2243206
    $519,900
    Residential
    Status:
    Active
    MLS® Num:
    A2243206
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,216 sq. ft.
    Nestled on a generous 6.94 acres of land, this meticulously designed property offers a perfect blend of comfort, functionality, and equestrian amenities. Enclosed by a secure fence and cross-fenced specifically for horses, Zoned (CRA). At the heart of the property lies a spacious 2000 manufactured home featuring three bedrooms and two baths, ideal for families or those seeking extra space. The open-concept main floor welcomes you with its airy design, complete with a walk-in closet that adds a touch of luxury and convenience. For horse enthusiasts, this property is a dream come true. With horse shelters and pastures, your equine companions will thrive in this environment.. One of the standout features of this estate is the impressive 40 x 48 heated shop. This versatile space is plumbed with in-floor heat lines, making it suitable for a variety of uses, from workshops to storage, depending on the owner's needs. The shop is equipped with a 14-foot door, facilitating easy access for larger equipment or vehicles. Attached to this impressive shop is a lean-to measuring 20 feet wide by 48 feet deep, featuring an 8-foot door, providing even more versatility for storage or a barn. The outdoor spaces are equally remarkable, with a large deck that serves as a perfect spot for summer entertaining. Imagine hosting family gatherings or casual barbecues. Situated on a no-exit road, the property enjoys a quiet, secluded atmosphere. From the well-appointed home to the pastures for horses and versatile workshop, this property is a rare find for those seeking a lifestyle enriched by nature, space, and the joy of horse ownership. Whether entertaining guests on the expansive deck or riding horses, this property is a true haven for those who appreciate the beauty of country living. More details
    Listed by Royal Lepage Network Realty Corp.
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Data was last updated August 6, 2025 at 08:05 PM (UTC)
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA