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.

Find Your Perfect Home in Southeast Calgary: Browse by Price Range

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$400,000 - $500,000 $700,000 - $800,000 SW CALGARY HOMES FOR SALE

Explore Mahogany's Diverse Real Estate Offerings

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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.

Mahogany Homes for sale under $500,000 In Calgary, Alberta|Varsity

COCHRANE TOWNHOMES & ROW HOMES FOR SALE

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  • 328 Fireside Drive: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2163743

    328 Fireside Drive Cochrane Cochrane T4C 0X4
    Main Photo: 328 Fireside Drive: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2163743

    328 Fireside Drive Cochrane T4C 0X4 Cochrane

    $579,900
    Residential
    Status:
    Active
    MLS® Num:
    A2163743
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,592 sq. ft.
    Welcome to the Luna Duplex by Genesis Builder Group, a modern 3-bedroom, 2.5-bath home that perfectly blends style and functionality. The main floor boasts 9-foot ceilings, creating an airy atmosphere in the open-concept living space, which features a spacious kitchen island, upgraded light fixtures, and a durable Silgranit sink. Entertain with ease, thanks to the gas lines to the BBQ and range. Upstairs, the convenience of a laundry room awaits, along with a luxurious master bedroom complete with an ensuite. Enhanced with upgraded railing on both the main and upper levels, this home also includes a side entry and a 9-foot ceiling in the basement, offering potential for future development. Photos are representative. More details
    Listed by Bode Platform Inc.
    LISTING DETAILS

  • 147 1000 Glenhaven Way: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2174877

    147 1000 Glenhaven Way Cochrane Cochrane T4C 1Y9
    Main Photo: 147 1000 Glenhaven Way: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2174877

    147 1000 Glenhaven Way Cochrane T4C 1Y9 Cochrane

    $650,000
    Residential
    Status:
    Active
    MLS® Num:
    A2174877
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,594 sq. ft.
    Welcome Home!!! If your looking for Spectacular views and privacy this is the property for you!! This 1594 sq ft walk out bungalow is located in Glenhaven in the sought after community of Glen Eagles. Glenhaven is nestled at the beginning of a large valley, the views are amazing as you can see for miles, and its tranquility is amazing. This property is the end unit and is the only one with a privacy wall. No neighbours on the one side nor behind, This has to be the best lot in Glenhaven. This home has been well cared for by the one and only owner. When you enter the home you come into a large entranceway with the formal dining room to your right. The main floor then opens up to the large kitchen and living room. The kitchen has a gas stove, ample cupboard and counter space, pantry, breakfast nook, and stainless steel appliances. Great spot to host a gathering. The living room has large windows to enjoy the amazing valley views and let the natural light in, and you can cuddle up by the fire on those cold winter days. Walk down the Hall to the large Primary bedroom, which has a walk in closet and a 5 piece ensuite!! There is another bedroom that you could easily use as a den or office. The main floor is capped off with. a powder room and a laundry room. Whern you walk through the laundry room you gain access to the large double attached garage. Head downstairs to the open walkout basement. Perfect for you to design this to your liking!! roughed in for a bathroom and a fireplace, insulated frost walls with the electrical installed, its ready to be finished off! Huge windows let the light in and the views!!! Step outside onto the deck, which has a fresh facelift with brand new duradek and just take in the valley views and the serenity of the area. Under the deck is another patio, if its rainy out or just want some shade its a great place to hang out. This home has had many upgrades done - Phantom screens, Led lighting, heavy shelving in the garage, Front screen door, and hot water tank was replaced in 2015. Don't miss out on this amazing home, come and see!! More details
    Listed by CIR Realty
    LISTING DETAILS

  • 332 Fireside Drive: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2163737

    332 Fireside Drive Cochrane Cochrane T4C 0X4
    Main Photo: 332 Fireside Drive: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2163737

    332 Fireside Drive Cochrane T4C 0X4 Cochrane

    $554,900
    Residential
    Status:
    Active
    MLS® Num:
    A2163737
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,480 sq. ft.
    Introducing the Oscar Duplex by Genesis Builder Group—a modern 3-bedroom, 2.5-bath home designed for comfort and style. This duplex features open-concept living with a spacious kitchen island, upgraded light fixtures, and a sleek Silgranit sink. The main floor and basement boast 9-foot ceilings, enhancing the sense of space and light. Enjoy the convenience of upper floor laundry and a master bedroom complete with a private ensuite. Additional highlights include upgraded railing, a side entry for potential future development, and gas lines for both your BBQ and kitchen range, making it an entertainer's dream. Photos are representative More details
    Listed by Bode Platform Inc.
    LISTING DETAILS

  • 340 Fireside Drive: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175214

    340 Fireside Drive Cochrane Cochrane T4C 3H8
    Main Photo: 340 Fireside Drive: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175214

    340 Fireside Drive Cochrane T4C 3H8 Cochrane

    $559,900
    Residential
    Status:
    Active
    MLS® Num:
    A2175214
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,620 sq. ft.
    The Felix by Genesis Builder Group is a stylish and spacious 3-bedroom, 2.5-bathroom duplex home featuring modern living at its finest. With an open-concept design, the main floor flows seamlessly between the kitchen, dining, and great room, perfect for both entertaining and everyday life. The home offers a 9-foot ceiling on both the main floor and basement, allowing for a bright and airy feel. The kitchen is equipped with upgraded cabinetry, quartz countertops, & a gas line to the range, providing a high-end cooking experience. Upstairs, the primary bedroom features a double vanity in the ensuite, while two additional bedrooms share a second full bath. The basement is roughed-in, with a side entry making it ideal for potential future development. The outdoor space includes a parking pad in the rear & a gas line for a BBQ, perfect for enjoying the outdoors. Additional upgrades include upgraded lighting fixtures, elegant railing, & quartz throughout the main and upper floors. Photos representative More details
    Listed by Bode Platform Inc.
    LISTING DETAILS

  • 1305 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2175730

    1305 525 River Heights Drive Cochrane Cochrane T4C 0H9
    Main Photo: 1305 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2175730

    1305 525 River Heights Drive Cochrane T4C 0H9 Cochrane

    $466,736
    Residential
    Status:
    Active
    MLS® Num:
    A2175730
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,286 sq. ft.
    Welcome to Freestone! Expertly crafted by award winning builder Renova Homes, These brand new townhomes are ideally located at the corner of River Heights Drive & Riviera Way, close to all of Cochrane's main amenities & provides easy access to Hwy 22 & 1A for commuters. Freestone offers large fenced yards for your kids (or dogs!) to enjoy, nearly 1300 Sq Ft of open concept living on 2 floors, with 3 bedrooms & 2 1/2 baths, plus an option to finish the basement, which adds another bedroom, full bath, & Rec Room, & close to 500 Sq Ft of additional living space! Upscale finishes include luxury vinyl plank flooring, quartz counter tops, etc! Off the main floor this unit will have a full width deck, 8 feet deep as well as it will have a full width concrete patio, 8 feet deep, off the lower level. Freestone townhomes offer great value. Visit the sales center, open 2-8pm Mon-Wed, 12-5pm Sat/Sun & Holidays. Pictures are from the Show Home. More details
    Listed by Royal LePage Benchmark
    LISTING DETAILS

  • 310 Sundown Road: Cochrane Row/Townhouse for sale : MLS®# A2181149

    310 Sundown Road Cochrane Cochrane T4C 3H2
    Main Photo: 310 Sundown Road: Cochrane Row/Townhouse for sale : MLS®# A2181149

    310 Sundown Road Cochrane T4C 3H2 Cochrane

    $484,900
    Residential
    Status:
    Active
    MLS® Num:
    A2181149
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,158 sq. ft.
    Introducing The Beautiful Troon Model by Douglas Homes Master Builder... This exceptional 1,158 sq. ft. townhome, with 3 bedrooms and 2.5 bathrooms, offers the perfect blend of modern elegance and practical design—ideal for families, first-time buyers, or those looking to downsize without sacrificing quality. Upon entering, you'll be welcomed by a spacious open-concept main floor with soaring 9' ceilings and large windows that flood the home with natural light, creating a warm, inviting atmosphere. The main level is beautifully finished with engineered hardwood flooring that adds a touch of luxury throughout the space. The kitchen is a highlight, featuring premium builder's grade stainless steel appliances, sleek quartz countertops, and ample cabinet space, perfect for daily cooking or entertaining. Adjacent to the kitchen is a bright and cozy dining nook, and a well-sized great room that flows seamlessly together for gatherings or family time. Upstairs, the generously sized primary bedroom offers a private retreat, complete with a walk-in closet and a well-appointed ensuite. Two additional bedrooms, perfect for children, guests, or a home office, share a full bathroom. This model offers sought-after features such as no condo fees, a rear garage, a treated wood deck, a front concrete pad, and fully landscaped front and rear yards, providing comfort and convenience in a low-maintenance package. With its elegant finishes and thoughtful design, the St. Andrews Model is a great option for those making the leap from renting to owning, or anyone seeking an affordable yet high-quality home. **Key Features: | Townhouse | No Condo Fees | Rear Garage | Front Concrete Pad | 9' Main Floor Ceilings | Treated Wood Deck | Full Landscaping (Front & Back) | Quartz Countertops | Engineered Hardwood on Main Floor | Built-in Desk | This home will soon be move-in ready around Spring of 2025, making it the perfect opportunity for those seeking a modern, low-maintenance lifestyle in the desirable Sunset Ridge community. *** Pictures from our beautiful Troon Model Showhome. This listing has a slightly different interior finishing package than as shown in the pictures presented here. (Attention fellow agents: Please read the private remarks.) More details
    Listed by MaxWell Canyon Creek
    LISTING DETAILS

  • 59 28 Heritage Drive: Cochrane Row/Townhouse for sale : MLS®# A2182237

    59 28 Heritage Drive Cochrane Cochrane T4C 0J9
    Main Photo: 59 28 Heritage Drive: Cochrane Row/Townhouse for sale : MLS®# A2182237

    59 28 Heritage Drive Cochrane T4C 0J9 Cochrane

    $394,900
    Residential
    Status:
    Active
    MLS® Num:
    A2182237
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,416 sq. ft.
    Welcome to this inviting 4 level split townhome in the beatiful Heritahe Hills in Cochrane Very spacious with big windows! It has 2 huge bedrooms with 4pc ensuite on each and a walk-out finished basement that can be converted into a 3rd bedroom, an office, a family room or a playroom for kids. The living room boast an elegant 14-foot vaulted ceiling with large windows allowing for an abundance of natural light. No worries with snow and hail as it offers an attached single car garage and a driveway that allows for parking of two vehicles. It also also includes a balcony with breathtaking mountains view! easy access to parks, playgrounds and the mountains! More details
    Listed by RE/MAX First
    LISTING DETAILS

  • 312 156 Park Street: Cochrane Row/Townhouse for sale : MLS®# A2185133

    312 156 Park Street Cochrane Cochrane T4C 2B8
    Main Photo: 312 156 Park Street: Cochrane Row/Townhouse for sale : MLS®# A2185133

    312 156 Park Street Cochrane T4C 2B8 Cochrane

    $519,900
    Residential
    Status:
    Active
    MLS® Num:
    A2185133
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,309 sq. ft.
    Welcome to a home where contemporary elegance meets every day comfort, coupled with an opportunity for outdoor lifestyle living. This one a kind community is your chance to experience waterfront living with quick access to the Rocky Mountains. Stepping into the unit, you will find an open concept floorplan with 9' ceilings throughout all of the living areas, luxury wide plank flooring, and the ability to choose from designer selected colour schemes - Mocha and Caramel, to best suit your preferred style. Moving into the well designed kitchen, you will find quartz stone countertops with soft close drawers, upgraded stainless steel appliances, as well as an overhanging kitchen island for extra counter space. Continuing further into the unit, you will find 3 spacious bedrooms and 2 bathrooms with contemporary plumbing fixtures, stoned tiled flooring, and quartz countertops. You will also have a single attached garage with an additional parking pad for any additional parking. Sit back and relax with your sun filled waterfront views on your private deck and enjoy your evenings walking through the garden pathways and parks nearby. Being in prime location, the community will be surrounded by various large retailers including one of Canada's flagship Co-op grocery store locations. The Spray Lakes Sports Centre is just minutes away and the accessibility to the Rocky Mountains provides you with a great opportunity for your outdoor adventures. Don't miss out on your chance to be a part of Cochrane's fast paced growth! More details
    Listed by PropZap Realty
    LISTING DETAILS

  • 198 Vantage Drive: Cochrane Row/Townhouse for sale : MLS®# A2186262

    198 Vantage Drive Cochrane Cochrane T4C 3G4
    Main Photo: 198 Vantage Drive: Cochrane Row/Townhouse for sale : MLS®# A2186262

    198 Vantage Drive Cochrane T4C 3G4 Cochrane

    $502,900
    Residential
    Status:
    Active
    MLS® Num:
    A2186262
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,495 sq. ft.
    Discover modern living at ZEN Greystone in Cochrane with this 3-bed, 2.5-bath ZEN Greystone townhome with a fenced backyard and parking pad. The open plan main floor layout with 9-foot ceilings is perfect for entertaining as it integrates the kitchen, dining, and living areas seamlessly; the kitchen features stainless steel appliances and a spacious island with quartz countertops. Upstairs, find a master bedroom with a dual vanity ensuite and walk-in closet, plus two additional bedrooms and one more bathroom. Superior insulation surpassing building code by 40% makes ZEN homes much quieter, more durable and warmer than traditionally built homes. Optional basement development is available. This home also includes a Fresh Air System (HRV) for improved indoor air quality and energy-efficient features like double-coated, triple-pane windows and extra insulation. Experience comfort and convenience in this ZEN townhome at Greystone in Cochrane. Photos are representative. More details
    Listed by Bode Platform Inc.
    LISTING DETAILS

  • 305 156 Park Street: Cochrane Row/Townhouse for sale : MLS®# A2188185

    305 156 Park Street Cochrane Cochrane T4C 2B8
    Main Photo: 305 156 Park Street: Cochrane Row/Townhouse for sale : MLS®# A2188185

    305 156 Park Street Cochrane T4C 2B8 Cochrane

    $380,000
    Residential
    Status:
    Active
    MLS® Num:
    A2188185
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    881 sq. ft.
    MODERN 2 BEDS + DEN TOWNHOUSE IN CHARMING COCHRANE. Discover this stunning, move-in-ready townhouse in the desirable town of Cochrane. Featuring 2 bedrooms plus a den and 2 bathrooms, this 881 sq. ft. unit offers a functional, open-concept living space perfect for first-time buyers, downsizers, or investors. The living area is bathed in natural light, thanks to large windows that create a bright and airy atmosphere. Step onto your private balcony to enjoy serene views – an ideal spot to relax or entertain. The modern kitchen boasts stainless steel appliances, ample cabinetry, and a spacious breakfast bar for casual dining. Upstairs, you'll find two bedrooms, a versatile den, and a beautifully appointed 4-piece bathroom. With the convenience of upstairs laundry and additional storage, this home is designed with your lifestyle in mind. Located near shops, restaurants, and other amenities, this townhouse combines small-town charm with easy access to the city. Don't miss this opportunity to make it yours! More details
    Listed by RE/MAX First
    LISTING DETAILS

  • 1304 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2191591

    1304 Jumping Pound Common Cochrane Cochrane T4C 2L1
    Main Photo: 1304 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2191591

    1304 Jumping Pound Common Cochrane T4C 2L1 Cochrane

    $414,999
    Residential
    Status:
    Active
    MLS® Num:
    A2191591
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,245 sq. ft.
    Welcome home! Nestled in the wonderful family community of Jumping Pound, surrounded by amazing views and valleys. Walking paths galore, parks for the children, close to shopping, sports fields and so much more. This home will provide you with an elegant feel but is perfect for the growing family, 2.5 bathrooms, 2 large bedrooms, big windows through out allowing plenty of natural light to shine in. Fantastic kitchen layout with an eating area just of the island which leads out to your own personal walk out fenced yard, perfect for BBq's, entertaining, or just soaking up the sun with a good book. Upstairs laundry, primary suite has two large closets, and a 4 pce ensuite with a bathtub. Single car attached garage with lots of storage, there is a flex room in the back of the garage that can be made into an office, a gym, wine room, storage or a lil getway ! Come check out what this home as to offer, you won't be disappointed. More details
    Listed by First Place Realty
    LISTING DETAILS

  • 604 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2192806

    604 525 River Heights Drive Cochrane Cochrane T4C 0H9
    Main Photo: 604 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2192806

    604 525 River Heights Drive Cochrane T4C 0H9 Cochrane

    $489,069
    Residential
    Status:
    Active
    MLS® Num:
    A2192806
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,286 sq. ft.
    QUICK POSSESSION. MARCH MOVE-IN! Welcome to Freestone! Expertly crafted by award winning builder Renova Homes. These brand new townhomes are ideally located at the corner of River Heights Drive & Riviera Way, close to all of Cochrane's main amenities & provides easy access to Hwy 22 & 1A for commuters.Located away from the main road, this unit offers a large fenced yard (approx 55 feet deep!) for your kids (or dogs!) to enjoy, and nearly 1300 Sq Ft of open concept living on 2 floors, with 3 bedrooms & 2 1/2 baths. There's also a full basement, which, if developed, could add another bedroom, full bath, & Rec Room, & close to 500 Sq Ft of additional living space! Upscale finishes include luxury vinyl plank flooring, quartz counter tops, etc! Freestone townhomes offer great value. Visit the sales center, open 2-8pm Mon-Wed, 12-5pm Sat/Sun & Holidays. Pictures are from the Show Home. More details
    Listed by Royal LePage Benchmark
    LISTING DETAILS
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Data was last updated April 22, 2025 at 10:05 PM (UTC)
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