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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11424 Elbow Drive SW
Southwood Calgary T2W 2E6

$1,089,900
Multi-Family 2,160 sq. ft. built: 1973

Front
Photo 1: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 2: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 3: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 4: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 5: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 6: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 7: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 8: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Photo 9: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2200981
Year Built:
1973
Introducing a remarkable investment opportunity to own legal 4plex in the highly desirable and well established Southwood neighborhood. Located on NW corner of Sacramento Drive and Elbow Drive SW, this property is just minutes from Anderson Drive and public transit stops on Elbow Drive, ensuring convenience for tenants. Walking distance to Anderson C-Train station, making this location ideal for commuters and enhancing its appeal to prospective renters. This 4 plex features leased 3 bedrooms suites , each offering spacious layouts that's attracts long term tenants. The property has five designated parking stalls at the rear. Top units have a large balconies, lower units features a large patio. Each unit is individually metered, meaning that tenants are responsible for their own utilities, which reduces operating costs and simplifies maintenance for the owner. Newer torch on roof, gutters, 2 newer furnaces. This property offers a rare combination of location , functionality, and profitability. Don't miss your chance to secure a stable income producing asset.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
2,160 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
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:
Reg. Size:
Reg. Size Includes:
Year built:
1973 (Age: 52)
Bathrooms:
- (Full:-, Half:-)
Plan:
731047
Structure Type:
Four Plex
Ensuite:
No
Garage:
0
Parking Places:
5
Parking Total/Covered:
5 / -
Southwood
Electric Stove, Refrigerator
n/a
Rental
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-C1
Listed Date:
Mar 10, 2025
Days on Mkt:
  • Photo 1: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Front
  • Photo 2: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
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  • Photo 3: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Kitchen
  • Photo 4: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
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  • Photo 5: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
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  • Photo 6: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
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  • Photo 7: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
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  • Photo 8: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
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  • Photo 9: 11424 Elbow Drive SW in Calgary: Southwood 4 plex for sale : MLS®# A2200981
    Photo 9 of 9
Listed by CIR Realty
Data was last updated April 15, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$1,450,000
Min list price:
$899,900
Max list price:
$3,200,000
Avg days on market:
39
Min days on market:
4
Max days on market:
133
Avg price per sq.ft.:
$573.45
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706