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.

New Build Homes for sale in East Calgary

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  • 2215 42 street SE in Calgary: Forest Lawn Semi Detached (Half Duplex) for sale : MLS®# A2214998

    2215 42 street SE Forest Lawn Calgary T2B 1G4
    Main Photo: 2215 42 street SE in Calgary: Forest Lawn Semi Detached (Half Duplex) for sale : MLS®# A2214998
    $714,999
    Residential
    Status:
    Active
    MLS® Num:
    A2214998
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    1,988 sq. ft.
    Welcome to this stunning brand-new 2-storey duplex, offering over 2,700 sq ft of beautifully designed living space! Enjoy natural sunlight all day with the east-facing front, creating a warm and inviting atmosphere throughout the home. This property includes a double detached garage and a legal permitted basement suite with a private side entrance—perfect for extended family or generating rental income. The main floor features a welcoming gas fireplace, a spacious mudroom, and ample closet space for convenient storage. There's also a versatile flex room that can be used as a main-floor bedroom, office, or formal dining area. The modern kitchen is equipped with quartz countertops, stainless steel appliances, and plenty of cabinetry—ideal for both cooking and entertaining.Upstairs, you’ll find 3 generous bedrooms, 2.5 bathrooms, and a bright bonus room that’s perfect for a second living area, home office, or kids’ playroom.The fully finished legal basement suite includes 2 bedrooms, 1 full bathroom, its own laundry, and a full kitchen with stainless steel appliances. It’s completely self-contained with separate furnaces for upper and lower level, ensuring comfort and privacy for all occupants. This beautiful home blends modern style, thoughtful design, and amazing functionality—ready to welcome your family. More details
    Listed by Coldwell Banker YAD Realty
  • 2217 42 Street SE in Calgary: Forest Lawn Semi Detached (Half Duplex) for sale : MLS®# A2241814

    2217 42 Street SE Forest Lawn Calgary T2B 1G4
    Main Photo: 2217 42 Street SE in Calgary: Forest Lawn Semi Detached (Half Duplex) for sale : MLS®# A2241814
    $699,999
    Residential
    Status:
    Active
    MLS® Num:
    A2241814
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    1,996 sq. ft.
    Click brochure link for more details** Welcome to this stunning brand-new 2-storey duplex, offering over 2,700 sq ft of beautifully designed living space! Enjoy natural sunlight all day with the east-facing front, creating a warm and inviting atmosphere throughout the home. This property includes a oversized double detached garage and a legal permitted basement suite with a private side entrance—perfect for extended family or generating rental income. The main floor features a welcoming fireplace, a spacious mudroom, and ample closet space for convenient storage. There's also a versatile flex room that can be used as a main-floor bedroom, office, or formal dining area. The modern kitchen is equipped with quartz countertops, stainless steel appliances, and plenty of cabinetry—ideal for both cooking and entertaining. Upstairs, you’ll find 3 generous bedrooms, 2 bathrooms, and a bright bonus room that’s perfect for a second living area, home office, or kids’ playroom. The fully finished legal basement suite includes 2 bedrooms, 1 full bathroom, its own laundry, and a full kitchen with stainless steel appliances. It’s completely self-contained with separate furnaces for upper and lower level, ensuring comfort and privacy for all occupants. This beautiful home blends modern style, thoughtful design, and amazing functionality—ready to welcome your family. More details
    Listed by Honestdoor Inc.
  • 5 6220 17 Avenue SE in Calgary: Red Carpet Mobile for sale : MLS®# A2232260

    5 6220 17 Avenue SE Red Carpet Calgary T2A 0W6
    Main Photo: 5 6220 17 Avenue SE in Calgary: Red Carpet Mobile for sale : MLS®# A2232260
    $196,900
    Mobile
    Status:
    Active
    MLS® Num:
    A2232260
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,062 sq. ft.
    Affordable living plus home ownership at its best! No shared walls! No one living above or below you! No Special Assessments! Extra space! Your own private yard for kids and pets! Grow a garden! Guests are allowed! Community amenities included! This incredible home has so many more benefits than living in a condo or rental. This brand new manufactured home (16' x 68') by Triple M in Lethbridge, is a great lifestyle for anyone that wants more than most condos can offer and at a cost that is comparable to renting. 3 bedrooms and 2 bathrooms in 1,062 square feet are on 1 level. The large primary suite has a walk-in closet and 4 piece ensuite bath. New, stainless steel appliances and vinyl plank flooring in the open concept kitchen, dining and living room. 2 more bedrooms for kids, guests or hobbies. Additional 4 piece bath plus separate laundry room included. Outside is a fenced yard with a huge deck waiting for your summer afternoon barbeques. A 2 car parking pad is included on your own lot. No "assigned" parking here. There is more. The clubhouse (2 minute walk away) includes a fitness room, games room with pool table, community kitchen and lounging area. This is a family friendly and pet friendly park with a kids playground, picnic tables and common barbeques. Come, be part of a community again! GST must be added to the purchase price, but the buyer is eligible to collect the GST rebate from CRA. More details
    Listed by Royal LePage Benchmark
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Data was last updated July 23, 2025 at 10:05 PM (UTC)
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA