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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224 5000 Somervale Court SW
Somerset Calgary T2Y 4M1

$349,000
Residential beds: 2 baths: 2.0 1,047 sq. ft. built: 2003

Large open concept floor plan
Photo 1: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 2: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 3: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 4: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 5: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 6: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 7: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 8: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 9: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
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Photo 15: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
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Photo 17: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 18: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
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Photo 20: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 21: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 22: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 23: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 24: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Photo 25: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
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Photo 39: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2214770
Bedrooms:
2
Bathrooms:
2
Year Built:
2003
Welcome to Legacy Estates Somerset, one of Calgary’s most sought-after 55+ adult living communities—where comfort, convenience, and community come together. This fabulous Ashford model two-bedroom, two-bathroom unit is a rare gem, offering 1,047 square feet of bright, open-concept living space. The second largest floor plan in the complex. Located on the second floor, it features maintenance-free laminate flooring throughout most of the unit, a spacious kitchen with convenient pull-out drawers in select lower cabinets, and a brand-new refrigerator installed on April 24. ( not the one in photos) Both bedrooms are generously sized, optimal for a king sized bed, with the primary bedroom offering a walk-through closet and a private three-piece ensuite with a walk-in shower. The suite has a fresh coat of paint. Another unique feature that truly sets this unit apart is the titled underground parking stall that includes a private 8’ x 8’ storage room, directly in front of the parking stall & conveniently located just steps from the elevator. Condo fees cover heat and electricity, adding to the value and peace of mind. Legacy Estates Somerset isn’t just a place to live—it’s a lifestyle. Residents enjoy an array of amenities rarely found in other adult communities: a 24/7 games room, billiards area, fitness room, media room, library, and a large communal dining room. There’s also a crafts room and an on-site hair salon offering manicures and pedicures. If you’re looking to downsize without compromising on comfort or community, this is the home for you. Vacant for your quick possession.
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:
1,047 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$860.00
Condo Fee Includes:
Amenities of HOA/Condo, Caretaker, Common Area Maintenance, Electricity, Gas, Heat, Insurance, Interior Maintenance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
West
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2003 (Age: 22)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0312933
Heating:
Baseboard
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Laminate, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parkade, Titled, Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Legacy Estates - Somerset
Somerset
Elevator(s), Fitness Center, Guest Suite, Laundry, Park, Party Room, Recreation Room, Snow Removal, Trash, Visitor Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked, Window Coverings
none
Adult Living, Pets Not Allowed
No
Floor
Type
Size
Other
Main Floor
Kitchen
10'11" × 10'1"
Main Floor
Dining Room
11' × 10'2"
Main Floor
Living Room
14'7" × 12'9"
Main Floor
Bedroom - Primary
12' × 10'7"
Main Floor
Bedroom
13'4" × 10'5"
Main Floor
Walk-In Closet
8' × 5'8"
Main Floor
Laundry
6'8" × 5'6"
Basement
Storage
8'5" × 8'
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
0' x 0'
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Ceiling Fan(s), No Animal Home, Storage, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Balcony, Courtyard
Patio And Porch Features:
Balcony(s)
Accessibility Features:
Accessible Central Living Area, Accessible Entrance, Accessible Full Bath, Bathroom Grab Bars, No Stairs/One Level
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-C2
Listed Date:
Apr 24, 2025
Days on Mkt:
  • Photo 1: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
    Large open concept floor plan
  • Photo 2: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
    Lower cabinets are equipped with roll out drawers
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  • Photo 4: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
    Brand new refrigerator was installed the day after photos were taken. This isn't the new one
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    Lovely breakfast bar
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    Bring your large sectional
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  • Photo 12: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
    Light coloured laminate flooring throughout.
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  • Photo 15: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
    Convenient 3 pc ensuite with walk in shower.
  • Photo 16: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
    Large walk through closet in primary bedroom
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    Main 4 pc bath
  • Photo 20: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
    Laundry room with extra storage area.
  • Photo 21: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
    West facing covered balcony
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  • Photo 24: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
    Wide hallways
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  • Photo 27: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
    Heated, underground titled parking with storage room
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  • Photo 29: 224 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2214770
    Biggest storage room directly in front of your parking stall.
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    Fabulous view
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Listed by TREC The Real Estate Company
Data was last updated April 27, 2025 at 10:05 PM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$469,450
Min list price:
$237,900
Max list price:
$799,900
Avg days on market:
23
Min days on market:
3
Max days on market:
216
Avg price per sq.ft.:
$351.47
These statistics are generated based on the current listing's property type and located in Somerset. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706