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.

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  2. Phone number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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Mahogany Homes for sale under $500,000 In Calgary, Alberta|Varsity
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247 & 251 Rundlecairn Road NE
Rundle Calgary T1Y 2X8

$1,199,900
Residential beds: 5 baths: 3.0 2,469 sq. ft. built: 1976

Main Photo: 247 & 251 Rundlecairn Road NE in Calgary: Rundle Detached for sale : MLS®# A2161508
Photo 1: 247 & 251 Rundlecairn Road NE in Calgary: Rundle Detached for sale : MLS®# A2161508
Photo 2: 247 & 251 Rundlecairn Road NE in Calgary: Rundle Detached for sale : MLS®# A2161508
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161508
Bedrooms:
5
Bathrooms:
3
Year Built:
1976
88X100 LOT | RCG ZONING | 2 HOMES | 8800 SF FLAT LOT | Presenting a unique and profitable investment opportunity in the highly desirable neighborhood of Rundle. This listing includes a property lot with an existing house/garage, while its neighboring property is also for sale. This makes for an ideal canvas for developers or investors looking to capitalize on the upcoming city-wide blanket rezoning initiative. With the zoning forecasted to change to R-CG shortly, this offering has the potential to become a lucrative 6-plex development, by approval from the City of Calgary. The properties are perfectly positioned in a high-amenity area, just minutes away from the Peter Lougheed Hospital, Rundle LRT station, a diverse selection of restaurants, grocery stores, playgrounds, and schools. The neighborhood’s accessibility is further enhanced by its proximity to major roadways, including 16 Avenue, Deerfoot Trail, and 52 Street, making it a prime location for future residents. Whether you are an experienced developer or a savvy investor, this is a rare chance to embark on a project that promises significant returns. The combination of a strategic location, imminent zoning changes, and the potential for multi-family development makes this an opportunity not to be missed. 251 Rundlecairn Road NE can be sold separately (A2159868). Take advantage of this chance to shape the future of Rundle and create a lasting impact in one of Calgary’s most sought-after communities.
Virtual Tour
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
2,468.62 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
8,804 sq. ft.
Lot Frontage:
88'
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:
Northwest
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
8
Year built:
1976 (Age: 49)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
7511020
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Alley Access, Covered, Double Garage Detached, Garage Door Opener, On Street
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Rundle
See Remarks
n/a
See Remarks
Floor
Type
Size
Other
Main Floor
Dining Room
11'8" × 10'2"
Main Floor
Family Room
13'9" × 11'11"
Main Floor
Kitchen
11'8" × 9'6"
Main Floor
Living Room
13'2" × 11'10"
2nd Floor
Bedroom
9'8" × 9'7"
2nd Floor
Bedroom
11'9" × 9'
2nd Floor
Bedroom
9'10" × 8'5"
2nd Floor
Bedroom - Primary
13'2" × 11'7"
Basement
Bedroom
11'5" × 9'9"
Basement
Game Room
16'8" × 14'5"
Basement
Storage
5'1" × 2'11"
Basement
Furnace/Utility Room
15' × 12'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'2" x 2'7"
2nd Floor
No
4
6'7" x 8'5"
Basement
No
4
5' x 7'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Closet Organizers, See Remarks, Storage
Exterior Features:
Garden, Lighting, Private Entrance, Private Yard, Rain Gutters
Patio And Porch Features:
Deck
Lot Features:
Back Yard, City Lot, Garden, Low Maintenance Landscape, Landscaped, Street Lighting, Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-CG
Listed Date:
Aug 29, 2024
Days on Mkt:
  • Photo 1: 247 & 251 Rundlecairn Road NE in Calgary: Rundle Detached for sale : MLS®# A2161508
    Photo 1 of 2
  • Photo 2: 247 & 251 Rundlecairn Road NE in Calgary: Rundle Detached for sale : MLS®# A2161508
    Photo 2 of 2
Larger map options:
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Listed by Real Broker
Data was last updated April 25, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$568,888
Min list price:
$239,900
Max list price:
$1,199,900
Avg days on market:
23
Min days on market:
1
Max days on market:
238
Avg price per sq.ft.:
$497.49
These statistics are generated based on the current listing's property type and located in Rundle. Average values are derived using median calculations.
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Diane Richardson
Cell: 403-397-3706