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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416 3932 University Avenue NW
University District Calgary T3B 6P6

$589,900
Residential beds: 2 baths: 2.0 801 sq. ft. built: 2024

Main Photo: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 1: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 2: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 3: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 4: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 5: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 6: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 7: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 8: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 9: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 10: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 11: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 12: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 13: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 14: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 15: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 16: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 17: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Photo 18: 416 3932 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2193841
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2193841
Bedrooms:
2
Bathrooms:
2
Year Built:
2024
Welcome to this beautifully finished 2-bedroom, 2-bathroom condo in the heart of the University District. Offering 801 sqft of stylish living space, this modern home features a spacious open-concept layout with high-quality finishes throughout. Enjoy the convenience of in-suite laundry and a private covered balcony perfect for relaxing or entertaining. Building amenities include an inviting owner’s lounge, a versatile meeting room, a sun-soaked terrace with BBQ, and a fully equipped gym. For outdoor enthusiasts, enjoy nearby walking and bike trails, parks, and proximity to an off-leash dog park. Located just minutes from Foothills Hospital, Alberta Children’s Hospital, the University of Calgary, Market Mall, and with easy access to major arteries and downtown, this condo offers the ultimate in urban convenience and lifestyle. Don’t miss the opportunity to make this stunning home your own!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment-High-Rise (5+)
Total Living Area:
801.38 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$348.32
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Interior Maintenance, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
4
Stories Total:
6
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2024 (Age: 1)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2312292
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Wood Frame
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
University District
Community Gardens, Elevator(s), Fitness Center, Party Room, Secured Parking, Trash, Visitor Parking
Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
N/A
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
16'5" × 9'1"
Main Floor
Dining Room
10'8" × 9'5"
Main Floor
Foyer
10' × 7'4"
Main Floor
Kitchen
13'5" × 6'11"
Main Floor
Living Room
10'8" × 9'10"
Main Floor
Bedroom - Primary
10'11" × 10'9"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
8'6" x 6'4"
Main Floor
No
4
8' x 5'5"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
High Ceilings, Open Floorplan
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
DC
Listed Date:
Feb 14, 2025
Days on Mkt:
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Listed by MaxWell Capital Realty
Data was last updated April 15, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$555,000
Min list price:
$368,000
Max list price:
$1,279,900
Avg days on market:
32
Min days on market:
1
Max days on market:
102
Avg price per sq.ft.:
$656.48
These statistics are generated based on the current listing's property type and located in University District. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706