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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308 31 Avenue NE
Tuxedo Park Calgary T2E 2G2

$999,999
Residential beds: 2 baths: 2.0 1,224 sq. ft. built: 1948

Main Photo: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 1: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 2: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 3: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 4: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 5: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 6: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 7: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 8: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 9: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 10: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 11: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 12: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 13: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 14: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 15: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 16: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 17: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 18: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 19: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 20: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Photo 21: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2198458
Bedrooms:
2
Bathrooms:
2
Year Built:
1948
Income Property Opportunity in Tuxedo Park! Investors and savvy buyers, take note! This unique bungalow in Tuxedo Park offers four self-contained one-bedroom, one-bathroom units, providing excellent rental income potential. 1 Legal Suite which is Fully Renovated and 3 Illegal Suites which offer great potential for updates or legalization. This property also has a shared Coin-Operated laundry room for tenant convenience, a large shared backyard space and a detached single car garage. Located in the highly sought-after inner-city community of Tuxedo Park, this property offers easy access to downtown, transit, parks, shopping, and schools. Whether you're looking to live in one suite and rent the others or expand your investment portfolio, this is an opportunity you won’t want to miss!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
1,223.65 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,006 sq. ft.
Lot Frontage:
50'1¼"
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:
South
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1948 (Age: 77)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2617AG
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Detached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room
Tuxedo Park
Dryer, Garage Control(s), Gas Stove, Refrigerator, Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
10'5" × 9'7"
Main Floor
Dining Room
14'3" × 10'8"
Main Floor
Kitchen
14'3" × 8'3"
Main Floor
Kitchen
13'11" × 13'
Main Floor
Living Room
14' × 11'10"
Main Floor
Bedroom - Primary
11'8" × 10'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8'5" x 5'1"
Main Floor
No
4
6'10" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
See Remarks, Separate Entrance
Exterior Features:
Private Entrance, Private Yard
Patio And Porch Features:
None
Lot Features:
Back Lane, Lawn, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Mar 02, 2025
Days on Mkt:
  • Photo 1: 308 31 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2198458
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Listed by RE/MAX Real Estate (Central)
Data was last updated April 24, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$879,000
Min list price:
$229,000
Max list price:
$1,249,000
Avg days on market:
35
Min days on market:
4
Max days on market:
76
Avg price per sq.ft.:
$512.84
These statistics are generated based on the current listing's property type and located in Tuxedo Park. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706