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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7 Lougheed Close
Lancaster Green Red Deer T4R 3L8

$569,900
Residential beds: 4 baths: 3.0 1,441 sq. ft. built: 2005

Main Photo: 7 Lougheed Close: Red Deer Detached for sale : MLS®# A2205594
Photo 1: 7 Lougheed Close: Red Deer Detached for sale : MLS®# A2205594
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2205594
Bedrooms:
4
Bathrooms:
3
Year Built:
2005
This large fully developed 4 bedroom, 3 bath home with basement entry, large kitchen featuring a gas stove, double door fridge and new countertops will be sure to impress. Main floor den is suitable for a great office or can be converted into a 5th bedroom easily. Some of the many great features include refinished hardwood flooring, spacious dining area, set up for washer and dryer both up and down and large west facing covered deck perfect for entertaining. Master bedroom has large walk in closet and 4 piece ensuite that has been recently updated and private door to the deck. The basement is fully developed with a cozy living room, a great rec room complete with a beautiful wet bar and games room large enough for a pool table, media wall, 2 bedrooms and a 3 pc bath. Additional features include, water softener, brand new hot water on demand installed in February 2025 and central AC. Fully fenced and landscaped, in floor heat, heated garage featuring a custom 19x8 garage door and sonos system throughout home including back covered deck. New rubber rock driveway 2 years ago. Great location in Red Deer's SE quadrant (Lancaster) close to Collicut Centre, shopping and schools and parks.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level
Total Living Area:
1,441 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,492 sq. ft.
Lot Frontage:
45'
Lot Details:
45.00X120.00
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:
East
Reg. Size:
Reg. Size Includes:
Levels:
Bi-Level
Total Rooms Above Grade:
6
Year built:
2005 (Age: 20)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
0323107
Heating:
In Floor, Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Other, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Brick Facing, Gas, Living Room
Water Supply:
Public
Sewer:
Sewer
Garage:
1
Garage Spaces:
2
Parking:
Concrete Driveway, Double Garage Attached, Heated Garage, Insulated
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
Main Level
Lancaster Green
Central Air Conditioner, Dishwasher, Garage Control(s), Refrigerator, Stove(s), Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
15'4" × 11'4"
Main Floor
Dining Room
13'3" × 12'8"
Main Floor
Living Room
15'3" × 13'8"
Main Floor
Bedroom - Primary
15'8" × 11'10"
Main Floor
Den
13'6" × 11'8"
Main Floor
Bedroom
11' × 7'10"
Basement
Family Room
20'9" × 13'4"
Basement
Game Room
23'1" × 16'10"
Basement
Bedroom
14'7" × 10'7"
Basement
Bedroom
14'1" × 10'8"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
Main Floor
No
4
0' x 0'
Basement
No
3
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Central Vacuum
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Landscaped, Standard Shaped Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Red Deer
Zoning:
R1A
Listed Date:
Apr 03, 2025
Days on Mkt:
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Virtual Tour

Listed by Royal Lepage Network Realty Corp.
Data was last updated April 27, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
265
Avg list price:
$430,000
Min list price:
$89,999
Max list price:
$1,750,000
Avg days on market:
22
Min days on market:
1
Max days on market:
348
Avg price per sq.ft.:
$334.55
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706