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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5340 Lakeview Drive SW
Lakeview Calgary T3E 5R9

$875,000
Residential beds: 4 baths: 3.0 1,042 sq. ft. built: 1966

Fabulous curb appeal
Photo 1: 5340 Lakeview Drive SW in Calgary: Lakeview Detached for sale : MLS®# A2212969
Photo 2: 5340 Lakeview Drive SW in Calgary: Lakeview Detached for sale : MLS®# A2212969
Photo 3: 5340 Lakeview Drive SW in Calgary: Lakeview Detached for sale : MLS®# A2212969
Photo 4: 5340 Lakeview Drive SW in Calgary: Lakeview Detached for sale : MLS®# A2212969
Photo 5: 5340 Lakeview Drive SW in Calgary: Lakeview Detached for sale : MLS®# A2212969
Photo 6: 5340 Lakeview Drive SW in Calgary: Lakeview Detached for sale : MLS®# A2212969
Photo 7: 5340 Lakeview Drive SW in Calgary: Lakeview Detached for sale : MLS®# A2212969
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Photo 42: 5340 Lakeview Drive SW in Calgary: Lakeview Detached for sale : MLS®# A2212969
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2212969
Bedrooms:
4
Bathrooms:
3
Year Built:
1966
Welcome to your new home in Lakeview—where style meets functionality in one of Calgary’s most desirable neighborhoods. A gorgeous, fully developed four-bedroom, well built home, perfectly situated on a massive pie-shaped lot that offers both luxury and privacy. Boasting sensational upgrades throughout, this home is a true showstopper inside and out. Step inside this well-appointed bungalow and experience the perfect blend of comfort and elegance. The open-concept layout is accentuated by original, rich oak hardwood flooring. A majestic stone-faced, wood-burning fireplace with a gas lighter serves as a stunning focal point in the spacious living area, which is open to a formal dining area. The bright and inviting kitchen features quartz countertops, convenient breakfast bar eating area, abundant oak cabinetry, stainless steel appliances, luxury vinyl plank flooring and a lovely skylight that fills the space with natural light—ideal for both everyday living and entertaining. Down the hallway, you’ll find three generously sized bedrooms. The primary suite boasts vaulted ceilings and additional skylight features, creating an airy, tranquil retreat. The main level 4 piece bath offers a soaker tub and tile flooring. The fully finished lower level offers a large recreation area complete with a wet bar, perfect for hosting. There’s also ample storage and a fourth bedroom with its own private three-piece ensuite—ideal for guests or extended family visits. ( perfect space to move a family member into ) 2 watertanks provide ample water for a large family. Step into your backyard oasis—an entertainer’s paradise featuring a huge 28’ x 19’ deck, an inviting fire pit area, and a lush lawn perfect for the kids to run and play. Garden enthusiasts will love the dedicated space to grow their favorite flowers and vegetables, all framed by the serenity of a green space that this lot backs onto. And for those who need serious garage space, you’ll be thrilled with the massive, heated triple car garage—a true mechanic’s , craftsman, hobbiest's dream—fully finished and ready for all your projects and storage needs. The exterior envelop of the house was upgraded with a foam insulation under the vinyl siding for added R value. 4 security cameras and door bell cam are included with no long term contracts. Schools, shopping areas, restaurants, playgrounds, Glenmore park & the Elbow river are mire minutes from this address. Enjoy quick access to Glenmore and Crowchild Trail, let alone Stoney Trail. From its spacious layout and upscale finishes to its unbeatable outdoor living space, this home checks every box for luxurious family living.
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:
1,042 sq. ft.
Main Level Finished Area:
1,042 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
7,631 sq. ft.
Lot Frontage:
42'1½"
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:
Southwest
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Levels:
One
Total Rooms Above Grade:
6
Year built:
1966 (Age: 59)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
3048JK
Heating:
Mid Efficiency, Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas Starter, Stone, Wood Burning
Garage:
1
Garage Spaces:
3
Parking:
Heated Garage, Triple Garage Detached
Parking Places:
3
Parking Total/Covered:
3 / -
Laundry Features:
In Basement
Lakeview (Calgary)
Dishwasher, Dryer, Electric Stove, Microwave, Range Hood, Refrigerator, Washer, Window Coverings
none
Encroachment
Floor
Type
Size
Other
Main Floor
Dining Room
42'1" × 26'6"
Main Floor
Living Room
59'7" × 41'
Main Floor
Kitchen
40'5" × 31'2"
Main Floor
Bedroom - Primary
40'5" × 40'2"
Main Floor
Bedroom
40'5" × 29'9"
Main Floor
Bedroom
33'8" × 29'3"
Basement
Game Room
70' × 42'5"
Basement
Bedroom
53'4" × 38'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Basement
Yes
3
0' x 0'
Basement
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Schools Nearby, Shopping Nearby, Street Lights, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Quartz Counters, Skylight(s), Storage, Vaulted Ceiling(s), Wet Bar
Exterior Features:
Garden, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Backs on to Park/Green Space, Garden, Irregular Lot, Landscaped, Pie Shaped Lot, Treed
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-CG
Listed Date:
Apr 18, 2025
Days on Mkt:
  • Photo 1: 5340 Lakeview Drive SW in Calgary: Lakeview Detached for sale : MLS®# A2212969
    Fabulous curb appeal
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    Upgraded foam board insulation under siding
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    Primary Bed Room
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    Main level bath
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    ensuite in basement bedroom
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Listed by TREC The Real Estate Company
Data was last updated April 23, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$944,950
Min list price:
$388,000
Max list price:
$4,999,900
Avg days on market:
22
Min days on market:
5
Max days on market:
235
Avg price per sq.ft.:
$771.72
These statistics are generated based on the current listing's property type and located in Lakeview. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706