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.

CONDOS FOR SALE IN CALGARY PRICED FROM $950,000 to $1,000,000

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  • 1802 519 Riverfront Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2219475

    1802 519 Riverfront Avenue SE Downtown East Village Calgary T2G 1K6
    Main Photo: 1802 519 Riverfront Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2219475
    $988,000
    Residential
    Status:
    Active
    MLS® Num:
    A2219475
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,380 sq. ft.
    Welcome to Embassy Bosa's Fuse at Evolution, where luxury meets lifestyle in this prime-location sub-penthouse. boasting spectacular breathtaking views of the river and downtown. The unmatched 845 sq. ft. of outdoor living space is ideal for taking in the sights and entertainment. This residence is the epitome of city living with its massive terrace and balcony areas perfect for entertaining or relaxing under the open sky. This barely-lived-in condominium dazzles with modern contemporary design, high-quality craftsmanship, and a stylish kitchen equipped with premium appliances. The open-concept layout is flooded with natural light through floor-to-ceiling windows, offering stunning views from every room. The spacious primary suite features double closets, a luxurious 5-piece ensuite with heated floors, and direct access to the expansive terrace—your private retreat with room to breathe and take in the skyline. Additional highlights include a den off the kitchen, a separate laundry room, and two convenient side-by-side parking stalls with a storage locker on P1. The building offers unparalleled amenities, including security/concierge services, a private fitness facility, and a rooftop garden terrace. When Phase 2 is complete, residents will enjoy even more exclusive amenities. Located in the heart of the vibrant East Village, this sought-after urban community places you steps away from the Bow River, St. Patrick's Island, the National Music Centre, the Calgary Zoo, and the new Central Library. Stroll or bike to Prince's Island Park, Eau Claire Market, or the Science Centre, and enjoy the finest dining, entertainment, and culture Calgary has to offer. Don't miss this rare opportunity to own a sub-penthouse with a massive outdoor oasis—the ultimate in urban luxury and lifestyle awaits! More details
    Listed by eXp Realty
  • 1706 730 2 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2234505

    1706 730 2 Avenue SW Eau Claire Calgary T2P 1R8
    Main Photo: 1706 730 2 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2234505
    $958,000
    Residential
    Status:
    Active
    MLS® Num:
    A2234505
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,020 sq. ft.
    A rare and iconic offering in the heart of Eau Claire—welcome to this brand new, never-occupied sub-penthouse at First & Park. Perched high on the 17th floor, this exceptional 3-bedroom corner residence offers over 1,000 sq ft of refined interior living space with unobstructed panoramic views of the Bow River. One of the most desirable layouts in the building, the unit includes a custom third bedroom ideal for guests or a dedicated home office. The highlight of this home is the expansive 600+ sq ft wraparound balcony—one of the largest in the development—perfect for entertaining or enjoying Calgary’s riverfront lifestyle. Oversized sliding doors seamlessly connect indoor and outdoor spaces, filling the home with natural light and enhancing the open-concept layout. Inside, modern finishes shine through upgraded appliances, sleek cabinetry, quartz countertops, under-cabinet lighting, and a designated dining area that flows effortlessly into a spacious living room. The primary suite is a peaceful retreat featuring a double vanity, walk-in shower, and generous closet space, while the additional bedrooms are well-appointed and served by a second full bathroom. Added conveniences include in-suite laundry, two titled EV-ready underground parking stalls (side by side), and a separate storage locker, with the option to purchase more storage if needed. Residents of First & Park enjoy premium amenities including a fitness and yoga studio, owner’s lounge, concierge service, and secure visitor parking. Located steps from the Bow River Pathway, Peace Bridge, and Calgary’s top restaurants and boutiques, this is an unparalleled opportunity to own one of Eau Claire’s most iconic residences. Book your private showing today. More details
    Listed by The Real Estate District
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Data was last updated July 13, 2025 at 02:05 PM (UTC)
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA