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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2 Tyrrell Place
Timberstone Red Deer T4P 0T8

$699,900
Residential beds: 3 baths: 3.0 1,465 sq. ft. built: 2022

Main Photo: 2 Tyrrell Place: Red Deer Detached for sale : MLS®# A2198236
Photo 1: 2 Tyrrell Place: Red Deer Detached for sale : MLS®# A2198236
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2198236
Bedrooms:
3
Bathrooms:
3
Year Built:
2022
Welcome to this executive-style walkout bungalow, located in a highly desirable community "The Timber's". This home is designed for those who appreciate both beauty and functionality. Featuring a spacious, open-concept layout, the main floor is a perfect blend of style and comfort. The master suite is a true retreat, with a well-appointed ensuite offering a soaker tub, separate shower and great sized walk in closet. The main floor also boasts a versatile den or office space, perfect for working from home or a quiet reading nook. Conveniently located on the main floor, the laundry room offers added functionality and ease of living. The heart of this home is the open-concept kitchen, dining, and living room area, which is ideal for entertaining. The kitchen is complete with quartz countertops, two tones cabinetry, a convenient pot filler, and rustic wood beams that add a touch of charm. The dry bar or coffee station with a beverage cooler is an added bonus, making it even easier to entertain or enjoy your favorite drinks at any time and the walk-through pantry ensures you have plenty of storage space. Garden doors lead to a covered patio, providing seamless indoor-outdoor living, where you can relax and enjoy your surroundings. The large walkout basement offers even more space to suit your needs, with two additional bedrooms, a full bath, and a versatile space that could serve as an office, small gym, or additional storage. With an condo fee that covers snow removal and landscaping, you can enjoy the beauty of your surroundings without the hassle of maintenance.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Bare Land Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,465 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$240.59
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Professional Management, Snow Removal
HOA Fee Frequency:
Monthly
HOA Fee Includes:
Lot Area:
5,909 sq. ft.
Lot Frontage:
47'1¾"
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:
Front Exposure:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Levels:
One
Total Rooms Above Grade:
6
Year built:
2022 (Age: 3)
Bedrooms:
3 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1323862;48
Heating:
In Floor, Forced Air
Basement:
Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Vinyl
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
Main Level
HOA Fee:
$240.59
Condo Fee Frequency:
Monthly
Z-name Not Listed
Timberstone
None
Bar Fridge, Central Air Conditioner, Dishwasher, Garage Control(s), Microwave, Refrigerator, Stove(s), Washer/Dryer, Window Coverings
Floating shelves in basement, tv mount
None Known
Yes
Floor
Type
Size
Other
Main Floor
Foyer
7' × 7'
Main Floor
Office
8'11" × 8'11"
Main Floor
Eat in Kitchen
15'9" × 10'2"
Main Floor
Dining Room
19'4" × 11'9"
Main Floor
Living Room
15'6" × 13'4"
Main Floor
Bedroom - Primary
15' × 13'
Basement
Family Room
27'7" × 25'6"
Basement
Bedroom
10'6" × 10'5"
Basement
Bedroom
12'4" × 10'6"
Basement
Den
10'6" × 7'6"
Basement
Storage
7'2" × 3'7"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
Main Floor
No
2
Basement
No
4
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Corner Lot, Low Maintenance Landscape
Num. of Parcels:
0
Fencing:
Fenced
Region:
Red Deer
Zoning:
R1
Listed Date:
Mar 05, 2025
Days on Mkt:
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Listed by Royal Lepage Network Realty Corp.
Data was last updated April 24, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
254
Avg list price:
$429,900
Min list price:
$89,999
Max list price:
$1,750,000
Avg days on market:
21
Min days on market:
1
Max days on market:
345
Avg price per sq.ft.:
$332.74
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706