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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NEXT Open House details
Apr 27, 2025 01:00 PM - 03:00 PM MDT

4308 40 Street NW
Varsity Calgary T3A 0H6

$749,900
Residential beds: 5 baths: 2.0 1,136 sq. ft. built: 1964

Main Photo: 4308 40 Street NW in Calgary: Varsity Detached for sale : MLS®# A2212460
Photo 1: 4308 40 Street NW in Calgary: Varsity Detached for sale : MLS®# A2212460
Photo 2: 4308 40 Street NW in Calgary: Varsity Detached for sale : MLS®# A2212460
Photo 3: 4308 40 Street NW in Calgary: Varsity Detached for sale : MLS®# A2212460
Photo 4: 4308 40 Street NW in Calgary: Varsity Detached for sale : MLS®# A2212460
Photo 5: 4308 40 Street NW in Calgary: Varsity Detached for sale : MLS®# A2212460
Photo 6: 4308 40 Street NW in Calgary: Varsity Detached for sale : MLS®# A2212460
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Photo 24: 4308 40 Street NW in Calgary: Varsity Detached for sale : MLS®# A2212460
Photo 25: 4308 40 Street NW in Calgary: Varsity Detached for sale : MLS®# A2212460
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Photo 28: 4308 40 Street NW in Calgary: Varsity Detached for sale : MLS®# A2212460
Open House - Apr 27, 2025
01:00 PM - 03:00 PM MDT
NOTES: Open House on Sunday, April 27, 2025 1:00PM - 3:00PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2212460
Bedrooms:
5
Bathrooms:
2
Year Built:
1964
OPEN HOUSE SUNDAY APRIL 27, 1 to 3pm. Enjoy this vintage bungalow located across the street from Varsity Acres Elementary School, a stone's throw from the community centre and major routes. Only minutes to downtown, U of C, and Market Mall too! Whether you are going to keep the style or put your own touches on this home, the basics are there. A well sized plan, solid construction, mature foliage on an absolutely huge lot. There are three bedrooms up, two down and two full baths, so enough room for everyone. Most of the windows have been done and there is a newer walk in shower in the main bath. This location does not come along every day, so do not miss this!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,136 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,124 sq. ft.
Lot Frontage:
56'8"
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1964 (Age: 61)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2329JK
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Varsity
Dryer, Electric Stove, Humidifier, Refrigerator, Washer, Window Coverings
Freezer, buffet cabinet in rec room.
None Known
Floor
Type
Size
Other
Main Floor
Living Room
14'11" × 13'5"
Main Floor
Dining Room
11'11" × 8'11"
Main Floor
Kitchen
9'11" × 8'11"
Main Floor
Bedroom - Primary
13'5" × 9'11"
Main Floor
Bedroom
9'11" × 7'11"
Main Floor
Bedroom
10'11" × 9'11"
Lower Level
Game Room
18'3" × 16'4"
Lower Level
Bedroom
10'7" × 9'2"
Lower Level
Bedroom
12'5" × 9'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
6'10" x 8'9"
Lower Level
No
4
4'8" x 6'9"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Street Lights
Interior Features:
Bookcases, No Smoking Home
Exterior Features:
None
Patio And Porch Features:
Patio
Lot Features:
Back Lane, Landscaped, Reverse Pie Shaped Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-CG
Listed Date:
Apr 17, 2025
Days on Mkt:
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Listed by Royal LePage Solutions
Data was last updated April 27, 2025 at 05:30 AM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$519,900
Min list price:
$195,000
Max list price:
$2,200,000
Avg days on market:
18
Min days on market:
1
Max days on market:
81
Avg price per sq.ft.:
$448.8
These statistics are generated based on the current listing's property type and located in Varsity. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706