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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507 2231 Mahogany Boulevard SE
Mahogany Calgary T3M 3E1

$599,000
Residential beds: 2 baths: 2.0 873 sq. ft. built: 2018

Main Photo: 507 2231 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2212108
Photo 1: 507 2231 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2212108
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2212108
Bedrooms:
2
Bathrooms:
2
Year Built:
2018
Experience Resort-Style Living at Westman Village at Mahogany Lake! Welcome to Westman Village, where luxury meets lifestyle in Calgary’s premier lake community. This beautifully maintained 2-bedroom, 2-bathroom condo offers a quiet retreat on the fifth floor, boasting a southwest exposure that floods the space with natural light. Step into an open-concept layout featuring stylish vinyl plank flooring and numerous upgrades throughout. The modern kitchen is equipped with stainless steel appliances, quartz countertops, and plenty of cabinet space—perfect for both everyday cooking and entertaining. A large walk-in laundry room includes built-in shelving for added convenience. The spacious primary bedroom includes a double-sided walk-through closet and a private 3-piece ensuite. On the opposite side of the unit, you’ll find a well-sized second bedroom with easy access to the full main bathroom—ideal for guests or roommates. The central living room connects seamlessly to a generous balcony with stunning views of downtown Calgary and the mountains. This home also includes two titled underground parking stalls in a heated parkade, complete with a car and dog wash, EV charging stations, bike storage, guest parking, 24-hour on-site security, and concierge service. At Westman Village, everything you need is right at your doorstep—no need to step outside. Enjoy exclusive access to the Village Centre with its impressive list of amenities: an indoor pool, fitness centre, plant atrium, craft studio, tennis/basketball court, movie theatre, wine cellar, woodworking shop, golf simulator, games room, cooking classes, and a library. When you do venture outdoors, you’ll find Mahogany Lake in your backyard, surrounded by boutique shops, fine dining, and everyday conveniences. With quick access to Stoney Trail, Deerfoot Trail, nearby grocery stores, and South Health Campus, this location truly has it all.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment-Single Level Unit
Total Living Area:
873 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$791.19
Condo Fee Includes:
Amenities of HOA/Condo, Professional Management, Reserve Fund Contributions, Security, Sewer, Snow Removal, Trash, Water
HOA Fee Frequency:
Annually
HOA Fee Includes:
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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
West
Floor Location:
Other
Entry Level:
1
Stories Total:
6
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2018 (Age: 7)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1811825
Heating:
Forced Air, Natural Gas
New Constr.:
No
Construction Material:
Composite Siding, Stone
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Vinyl Plank
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Enclosed, In Garage Electric Vehicle Charging Station(s), Parkade, Titled, Underground
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
HOA Fee:
$427.56
Condo Fee Frequency:
Monthly
Calligraphy - Westman Village
Mahogany
Bicycle Storage, Car Wash, Fitness Center, Gazebo, Parking, Party Room, Playground, Spa/Hot Tub, Visitor Parking
Dishwasher, Microwave, Oven, Refrigerator, Washer
NA
None Known
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living Room
13'3" × 11'7"
Main Floor
Kitchen With Eating Area
13'3" × 9'10"
Main Floor
Bedroom - Primary
12'8" × 11'7"
Main Floor
Walk-In Closet
8' × 5'7"
Main Floor
Bedroom
10'11" × 9'10"
Main Floor
Laundry
7'9" × 4'11"
Main Floor
Balcony
29'2" × 6'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'9" x 8'6"
Main Floor
Yes
3
7'9" x 7'10"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Lake, Playground, Schools Nearby, Shopping Nearby, Tennis Court(s), Walking/Bike Paths
Interior Features:
Open Floorplan, Quartz Counters
Exterior Features:
Courtyard, Playground, Tennis Court(s)
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
DC
Listed Date:
Apr 14, 2025
Days on Mkt:
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Listed by Real Estate Professionals Inc.
Data was last updated April 27, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
156
Avg list price:
$679,450
Min list price:
$272,895
Max list price:
$2,248,900
Avg days on market:
30
Min days on market:
1
Max days on market:
540
Avg price per sq.ft.:
$431.39
These statistics are generated based on the current listing's property type and located in Mahogany. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706