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.

DISCOVERY RIDGE HOMES & CONDOS FOR SALE FROM $275,000 to $375,000

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  • 240 20 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2214343

    240 20 Discovery Ridge Close SW Discovery Ridge Calgary T3H 5X4
    Main Photo: 240 20 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2214343
    $339,000
    Residential
    Status:
    Active
    MLS® Num:
    A2214343
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    742 sq. ft.
    Come check out this beautiful one bedroom one bath condo in the Wedgewood's of Discovery Ridge. This spacious unit has a modern kitchen with stainless steel appliances, laminate floors throughout, walk in closet, in suite laundry/storage room and a spacious 4 piece bathroom with shower and soaker tub. The private balcony has gas for outdoor grilling. Monthly condo fees include everything including electricity, gas and heat. This well managed concrete building is neighboring Griffith Park has heated underground parking, social room and fitness room with newly updated equipment. Steps away from community association outdoor hockey rink with tennis courts and plenty of walking paths. With the completion of the new ring road you have great access to plenty of shopping, schools and restaurants. More details
    Listed by Century 21 Bamber Realty LTD.
  • 102 10 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2235905

    102 10 Discovery Ridge Close SW Discovery Ridge Calgary T3H 5X3
    Main Photo: 102 10 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2235905
    $309,000
    Residential
    Status:
    Active
    MLS® Num:
    A2235905
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    796 sq. ft.
    Introducing 102 10 Discovery Ridge Close SW – a fantastic opportunity to own a stylish and conveniently located condo in the highly sought-after community of Discovery Ridge. Nestled in the charming Wedgewood's building, this main-floor one-bedroom, one-bathroom unit offers a perfect blend of comfort, modern upgrades, and natural beauty. Step inside to find a spacious and thoughtfully designed layout featuring newer granite kitchen countertops, a newer fridge, dishwasher, and custom blinds—upgrades that add both style and functionality. The condo includes a titled underground parking stall with an additional storage cage, making parking and storage a breeze. Best of all, electricity and all utilities are included in the low condo fee, making budgeting simple. Built with concrete, this building offers excellent soundproofing, providing a quiet and restful living experience. Backing onto Griffith Woods, the unit is part of a wildlife sanctuary with deer roaming across the 93-acre protected reserve by the Elbow River—a true nature lover’s paradise. For outdoor enthusiasts, the Elbow River pathway system is just a three-minute walk away, perfect for hiking, biking, or a scenic stroll. This pet-friendly building welcomes pets with no size restrictions, provided they undergo a behavioural assessment by the board. It’s an ideal environment for animal lovers seeking a community that welcomes everyone. Located close to city transit, you’re only 15 minutes from downtown Calgary and five minutes from the West Hills shopping district, offering a wide range of shopping, dining, and entertainment options. The Discovery Ridge community area provides a wealth of amenities, including a children’s playground, tennis courts, soccer fields, skating and hockey rink, and basketball courts—all maintained by the Discovery Ridge Community Association. Enjoy full access to the fitness centre and entertainment room, perfect for relaxing with a book or playing pool with friends. Additional features include an in-suite laundry room and ample storage, making this thoughtfully laid-out floor plan a perfect place to call home. Don’t miss your chance to enjoy this incredible property in a vibrant, nature-inspired community! More details
    Listed by Century 21 Bamber Realty LTD.
  • 218 30 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2236583

    218 30 Discovery Ridge Close SW Discovery Ridge Calgary T3H 5X5
    Main Photo: 218 30 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2236583
    $289,900
    Residential
    Status:
    Active
    MLS® Num:
    A2236583
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    789 sq. ft.
    1 BEDROOM PLUS DEN | ELECTRICITY INCLUDED | CONCRETE BUILDING | GYM | TITLED UNDERGROUND PARKING | IN-SUITE LAUNDRY | Welcome to your urban retreat nestled in nature! Designed with a luxurious resort feel, this beautiful complex features a striking stucco and timber exterior, framed by towering 50’ spruce trees in Griffith Park—giving you the feeling of arriving at a Canmore lodge. This spacious 1-bedroom plus DEN unit offers unbeatable value. The open-concept kitchen is ideal for entertaining, complete with an eat-up bar and a seamless flow into the living and dining area, where you’ll find 3 generous windows and a cozy river rock-faced gas fireplace. Step out onto your private balcony overlooking the towering spruce trees, equipped with a gas line for barbequing. The generously sized primary bedroom easily accommodates a king-size bed and includes a walk-in closet. The luxurious bathroom features both a deep soaker tub and a walk-in glass shower. Enjoy the peace and quiet of concrete construction, along with the convenience of in-suite laundry, titled underground parking (with the option to add a storage cage), and excellent building amenities including a fully equipped gym, social room, bicycle storage, and abundant visitor parking. Nature lovers will appreciate being steps from Griffith Woods Park—a 93-hectare natural environment park along the Elbow River with extensive paved and unpaved trails. The Discovery Ridge community area is located right behind the Wedgewoods with a children’s playground, tennis courts, soccer fields, skating/hockey rink, and basketball court. Located within walking distance to transit, a Nearby CHALET STYLE shops include a CAFE, DONUT SHOP, PHARMACY, WINE & SPIRITS, & RESTAURANTS and quick access to Stoney Trail, this home truly offers the best of both convenience and tranquillity. More details
    Listed by RE/MAX First
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Data was last updated July 11, 2025 at 04:05 PM (UTC)
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA