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.

MAHOGANY HOMES FOR SALE UNDER $500,000

HOMES FOR SALE IN MAHOGANY UNDER $500,000, MAHOGANY CALGARY REAL ESTATE

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1-12/29
  • 213 10 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2222826

    213 10 Mahogany Mews SE Mahogany Calgary T3M 2R1
    Main Photo: 213 10 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2222826
    $274,900
    Residential
    Status:
    Active
    MLS® Num:
    A2222826
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    554 sq. ft.
    Welcome to Sandgate in Mahogany - Your Gateway to Lakeside Living! Step into this beautifully maintained 1 bed, 1 bath condo nestled in the heart of Mahogany, one of Calgary’s most desirable lake communities. Built in 2017 and in fantastic condition, this modern unit offers a perfect blend of style, comfort, and convenience. Enjoy an open concept layout featuring 9-foot ceilings, stainless steel appliances, rock countertops, and sleek laminate plank and tile flooring, with cozy carpet in the bedroom and walk through closet leading to your ensuite. The west facing exposure fills the space with natural sunlight, while the huge private balcony with a natural gas hookup is perfect for summer BBQs. There’s also a rough-in for an A/C unit, ready for your future upgrade. The Sandgate building offers an array of amenities, including a fully equipped fitness centre, secure bike storage, a library, and a secured storage locker for your convenience. Residents also enjoy access to short-term rental suites for guests and a BBQ patio area available for larger gatherings through the condo board. Best of all, you’ll have exclusive access to Mahogany’s private beach, lake, and fishing spots, the ultimate retreat just steps from your door. Located minutes from South Health Campus, major retailers, public transit, schools, and the Seton YMCA, this is lakeside living with all the urban perks. Don’t miss this incredible opportunity to own in one of Calgary’s premier lake communities! More details
    Listed by 2% Realty
  • 202 30 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2223928

    202 30 Mahogany Mews SE Mahogany Calgary T3M 3H4
    Main Photo: 202 30 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2223928
    $370,000
    Residential
    Status:
    Active
    MLS® Num:
    A2223928
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    649 sq. ft.
    GREAT VALUE HERE! Step into style and comfort with this stunning 2-bedroom, 1-bath condo located in the heart of the award-winning lake community of Mahogany. Whether you're a first-time home buyer or an investor, this beautiful unit offers the lifestyle you've been looking for — just steps from Mahogany’s scenic lake, beaches, and walking paths. Located directly across from Westman Village, you’ll have restaurants, shops, parks, playgrounds, and schools right at your fingertips. This bright and inviting home features 9-foot ceilings, an open-concept layout, and a spacious balcony with a gas line for BBQs, perfect for entertaining or relaxing outdoors. The modern kitchen overlooks the dining and living areas, allowing for effortless everyday living and seamless entertaining. A full 4-piece bathroom, in-suite laundry with extra storage, and central A/C add to the comfort and convenience. Additional highlights include: titled underground heated parking stall, storage unit conveniently located in front of the stall. On-site amenities: a fully equipped gym, cozy library/lounge areas, bike storage, and beautiful outdoor gathering spaces. Enjoy everything Mahogany has to offer — from lakeside living and lush green spaces to nearby shopping, coffee shops, dining, and transit access. Don’t miss your opportunity to own in one of Calgary’s most desirable communities. Book your private showing today! More details
    Listed by CIR Realty
  • 117 140 Mahogany Street SE in Calgary: Mahogany Apartment for sale : MLS®# A2222312

    117 140 Mahogany Street SE Mahogany Calgary T3M 4E1
    Main Photo: 117 140 Mahogany Street SE in Calgary: Mahogany Apartment for sale : MLS®# A2222312
    $274,900
    Residential
    Status:
    Active
    MLS® Num:
    A2222312
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    554 sq. ft.
    Welcome to Sandgate at Mahogany—where modern comfort meets vibrant, lakeside living. Built by the 2-Time Multi-Family Builder of the Year, this brand-new 1-bedroom unit offers a rare combination of style, convenience, and lifestyle perks that few communities in Calgary can match. From the moment you arrive, you'll appreciate the direct street-level access, making everyday comings and goings—whether it’s walking your dog, grabbing a coffee, or welcoming guests—effortless and inviting. Inside, you'll find thoughtful details throughout: 1 1/4" quartz countertops in both the kitchen and bathroom, elegant 42" upper cabinets, full stainless steel Whirlpool appliances, and 9-foot knockdown ceilings that add airiness to the open-concept layout. Whether you’re cooking, relaxing, or entertaining, the kitchen flows seamlessly into a central dining area and rear lifestyle room that opens to your private patio with BBQ gas line—perfect for summer evenings. The spacious primary suite includes a walkthrough closet with cheater access to the main 4-piece bath, and there’s in-suite laundry with extra storage just off the entry for added convenience. But the real story here is location. Just steps from Westman Village, you’ll enjoy boutique shops, restaurants, cafes, fitness studios, and even a jazz club—right in your backyard. Take a 5-minute stroll to Central Park, Mahogany’s newly completed gathering space with green space, splash park, and community events. Or head a little farther to West Beach for sun, sand, and paddleboarding. Living in Mahogany means 22 km of scenic pathways, two private beaches, playgrounds, dog parks, and the best lake lifestyle Calgary has to offer. This isn’t just a home—it’s a lifestyle investment in one of the city’s most celebrated communities. ? Fitness Studio | ? Guest Suite | ? Pet-Friendly | ? Close to Groceries, Transit & Dining Whether you're a first-time buyer, downsizer, or savvy investor, this is urban lakeside living at its finest. More details
    Listed by Real Broker
  • 305 402 Marquis Lane SE in Calgary: Mahogany Apartment for sale : MLS®# A2221958

    305 402 Marquis Lane SE Mahogany Calgary T3M 2G7
    Main Photo: 305 402 Marquis Lane SE in Calgary: Mahogany Apartment for sale : MLS®# A2221958
    $314,900
    Residential
    Status:
    Active
    MLS® Num:
    A2221958
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    635 sq. ft.
    Step into this beautifully designed 2-bedroom, 1-bathroom condo, perfectly situated in one of Calgary’s most sought-after lake communities — Mahogany. Offering a seamless blend of modern comfort and inviting charm, this home is the perfect backdrop for first-time buyers, down sizers, or savvy investors. As you enter, you’re greeted by an open-concept layout, with large sliding patio doors framing serene views of the lush community surroundings. The contemporary kitchen features sleek granite countertops, stainless steel appliances, and a generous breakfast bar — ideal for morning coffees, casual meals, or hosting intimate gatherings. The living area flows effortlessly onto a private balcony, where you can unwind with a glass of wine or take in the evening sunset. Both bedrooms are thoughtfully positioned for privacy, with the primary bedroom offering ample closet space, with a walkthrough closet that opens up to the 4-piece bathroom that is elegantly appointed with modern fixtures and tub, perfect for relaxing after a long day. Additional conveniences include in-suite laundry, titled underground parking and access to building amenities including a fitness centre, designed for comfort and community. But the real magic lies just outside your door — Mahogany’s iconic 63-acre freshwater lake, private beaches, and an extensive network of walking paths and parks are only steps away. Indulge in summer paddle boarding, winter skating, or year-round strolls through beautifully landscaped green spaces. Enjoy quick access to Mahogany’s vibrant Urban Village with local shops, restaurants, cafés, and all your day-to-day essentials. Whether you’re embracing lakeside living for the first time or looking for a fresh start in one of Calgary’s most vibrant communities, this is the place to call home. Come discover where modern comfort meets effortless lifestyle. More details
    Listed by Charles
  • 3417 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2220613

    3417 11 Mahogany Row SE Mahogany Calgary T3M 2L6
    Main Photo: 3417 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2220613
    $375,000
    Residential
    Status:
    Active
    MLS® Num:
    A2220613
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    936 sq. ft.
    Welcome to Unit #3417, at 11 Mahogany Road SE—an exceptional 2 bedroom, 2 bathroom condo in the highly desirable OAK 51 complex. This top floor corner unit is a rare find, offering nearly 1,000 sq. ft. of thoughtfully designed living space, complete with views of the beautifully landscaped courtyard. Freshly painted and loaded with upgrades, this home impresses from the moment you walk in. The bright and open layout is perfect for both everyday living and entertaining, featuring large windows that flood the space with natural light and highlight the upscale finishes throughout. The modern kitchen boasts stainless steel appliances, sleek cabinetry, stone countertops, and a generous eat up bar with seating—ideal for casual dining or hosting guests. Tucked just off the main living space is a smartly designed office nook—perfect for working from home, studying, or planning your next adventure. The spacious primary suite offers a walk-through closet and a private 3-piece ensuite. A second well-sized bedroom, an additional full bath, and in-suite laundry add to the convenience. Enjoy your morning coffee or evening unwind on your private balcony with serene courtyard views. This unit also comes with a titled underground parking stall and a separate storage unit—a must for condo living. Located just steps from all the amenities Mahogany has to offer, including shopping, restaurants, walking paths, and the lake. Don’t miss your chance to live in one of Calgary’s most vibrant and award-winning lake communities! More details
    Listed by CIR Realty
  • 1102 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2220851

    1102 11 Mahogany Row SE Mahogany Calgary T3M 2L6
    Main Photo: 1102 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2220851
    $369,900
    Residential
    Status:
    Active
    MLS® Num:
    A2220851
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    941 sq. ft.
    Discover the perfect blend of comfort and convenience in this beautiful 2-bedroom, 2-bathroom end-unit condo in the sought-after lake community of Mahogany. With a spacious and functional open-concept layout, this home is designed for effortless living. The entry hallway welcomes you into a bright home, where large windows fill the living space with natural light. The kitchen is both stylish and functional, featuring stainless steel appliances, ample cabinetry, and plenty of counter space, while the living room extends onto your private patio, offering the perfect spot to unwind. The primary bedroom is a true retreat, complete with a 4-piece ensuite and generous closet space, while a second bedroom and an additional 4-piece bath provide flexibility for guests, a home office, or family living. In-suite laundry adds everyday convenience. This unit has been recently refreshed with brand-new luxury vinyl plank (LVP) flooring, plush carpeting in the bedrooms, and fresh paint, creating a modern and inviting atmosphere. Its corner location ensures added privacy, being tucked away from parking areas and high-traffic zones, and with low heating costs, you will enjoy year-round comfort and efficiency. A titled parking stall is included for your convenience. As one of Calgary’s most desirable lake communities, Mahogany offers a four-season recreational lifestyle with exclusive lake access, sandy beaches, swimming, paddleboarding, and year-round activities. Enjoy extensive walking paths, wetlands, and scenic parks, perfect for outdoor enthusiasts. The Mahogany Village Centre features an array of shopping, dining, and services, while schools, playgrounds, and quick access to Seton’s South Health Campus make this location ideal for families and professionals alike. Don’t miss the chance to own this exceptional condo in Mahogany—book your showing today! VIRTUAL STAGING gives you a great feel for the space and feel. More details
    Listed by RE/MAX Realty Professionals
  • 3309 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2215387

    3309 11 Mahogany Row SE Mahogany Calgary T3M 2L6
    OPEN HOUSE: May 25, 2025
    12:00 PM - 03:00 PM MDT
    Open House on Sunday, May 25, 2025 12:00PM - 3:00PM
    Main Photo: 3309 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2215387
    $369,900
    Residential
    Status:
    Active
    MLS® Num:
    A2215387
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    939 sq. ft.
    Welcome to this stunning 2-bedroom, 2-bathroom CORNER end unit condo, in-unit washer/dryer, underground titled parking, nested in the highly sought-after lake community of Mahogany. Boasting over 938 sq. ft., this is one of the largest units in the complex. Freshly PAINTED with recently UPGRADED CARPETS, this move-in-ready home welcomes you with a spacious Foyer complete with a closet and shoe rack. A convenient workstation/office space down the hallway makes working from home a breeze. The thoughtfully designed open-concept layout places the two bedrooms on opposite ends for added privacy, each featuring ceiling fans with lights. The stylish kitchen offers modern cabinetry, quartz countertops in a classic black-and-white look , stainless steel appliances, a large pantry-style storage closet, and a breakfast ledge. The dining area features a modern light fixture with a ceiling fan, while the bright and spacious living area includes a large window and access to a wraparound balcony, —perfect for BBQs with its gas line hookup. The primary bedroom features a large window, walk-in closet, and a 4-piece ensuite, while the second bathroom includes a soaker tub and dual-flush toilet. Enjoy the convenience of in-suite laundry, titled underground parking near the garage entrance, and an adjacent storage unit. With quick access to Stoney and Deerfoot Trails, Mahogany residents enjoy lake access with sandy beaches, nearby shopping, a daycare in the building, schools, playgrounds, South Health Campus, and the YMCA just minutes away. Vacant and ready for quick possession—book your showing today! More details
    Listed by TREC The Real Estate Company
  • 503 122 Mahogany Centre SE in Calgary: Mahogany Apartment for sale : MLS®# A2218773

    503 122 Mahogany Centre SE Mahogany Calgary T3M 2Y1
    Main Photo: 503 122 Mahogany Centre SE in Calgary: Mahogany Apartment for sale : MLS®# A2218773
    $393,777
    Residential
    Status:
    Active
    MLS® Num:
    A2218773
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    565 sq. ft.
    Welcome to Westman Village – where lifestyle and location meet! This beautifully designed 5th-floor condo in the sought-after Calligraphy building is the perfect fit for an individual or couple looking to make the most of both comfort and convenience. Thoughtfully laid out, this home features a full kitchen with stone counters, rich mocha cabinetry, high ceilings, and a breakfast bar that’s ideal for casual dining. The upgraded flooring adds a modern touch, and the spacious media area opens directly onto your bright, south-facing deck—perfect for relaxing or to entertain. You'll also love the versatile dining area or den, complete with privacy doors, and a large primary bedroom offering plenty of closet space. Additional features include in-suite laundry with storage, air conditioning, and heated underground parking. But what truly sets this home apart is its unbeatable location—just steps from Main Street’s vibrant shops, restaurants, and services. And with exclusive access to the incredible 80,000 sq ft amenity centre, you’ll enjoy everything from fitness facilities to entertainment areas—accessible year-round via heated underground walkways. This is more than a home—it’s a lifestyle. Book your showing today and take your time exploring everything Westman Village has to offer. More details
    Listed by eXp Realty
  • 706 135 Mahogany Parade SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2218188

    706 135 Mahogany Parade SE Mahogany Calgary T3M 2J9
    Main Photo: 706 135 Mahogany Parade SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2218188
    $418,900
    Residential
    Status:
    Active
    MLS® Num:
    A2218188
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,116 sq. ft.
    Modern Comfort in Calgary’s Premier Lake Community - Welcome to this stylish two-storey townhome in the heart of Calgary’s sought-after lake community. Thoughtfully designed for both everyday living and entertaining, the open-concept main floor seamlessly connects the kitchen, dining, and living areas. The modern kitchen has stainless steel appliances, an island with quartz countertops, and plenty of storage. Upstairs, you’ll find two spacious bedrooms, each with its own ensuite and generous closet space, offering both privacy and convenience. A dedicated upper-floor laundry area adds to the home's everyday functionality. Built to exceed today’s standards, this ZEN home offers 40% more insulation than required by code, resulting in a quieter, warmer, and more energy-efficient living experience. Triple-pane, double-coated windows, a high-efficiency HRV (Fresh Air System), and extra airtight construction improve indoor air quality, durability, and resiliency. Photos are representative. More details
    Listed by Bode Platform Inc.
  • 3407 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2218102

    3407 11 Mahogany Row SE Mahogany Calgary T3M 2L6
    Main Photo: 3407 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2218102
    $379,900
    Residential
    Status:
    Active
    MLS® Num:
    A2218102
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    855 sq. ft.
    Back on the Market! Buyers couldn’t secure financing. Own this modern top-floor 2-bed, 2-bath condo in Mahogany, Calgary’s most vibrant lake community. With only two weeks left before this home is off the market, now is the time to act! This condo boasts a smart open layout, luxury vinyl plank flooring, and a stylish kitchen with granite counters and stainless steel appliances—perfect for low-maintenance living. Unwind on your spacious balcony with panoramic views, complete with a BBQ gas line for those summer evenings. Your own underground parking spot, in-suite laundry, and storage locker make life easy and convenient. Located just a 4-minute stroll to Mahogany’s West Beach, you’ll enjoy year-round lake fun paddle-boarding in the summer, skating in the winter, and everything in between. Ideal for first-time buyers, investors, or anyone who loves an active outdoor lifestyle. Pet-friendly with board approval. This incredible property is only available for two more weeks, don’t wait! Check out the 3D iGuide tour and book your showing today! More details
    Listed by Real Broker
  • 7402 1802 Mahogany in Calgary: Mahogany Apartment for sale : MLS®# A2215635

    7402 1802 Mahogany Mahogany Calgary T3M 0T2
    Main Photo: 7402 1802 Mahogany in Calgary: Mahogany Apartment for sale : MLS®# A2215635
    $409,900
    Residential
    Status:
    Active
    MLS® Num:
    A2215635
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    702 sq. ft.
    Welcome to Waterside at Mahogany, Calgary’s largest lake community. The Findlay 2 is a well-designed home that blends modern style with everyday functionality. It features quartz countertops, sleek cabinetry, luxury vinyl plank flooring in the main living areas, and designer ceramic tile in both ensuite bathrooms. The kitchen is enhanced by a subway tile backsplash and a full stainless steel appliance package, including a large-capacity washer and dryer. Pot lighting adds a contemporary touch throughout. This south-facing home offers a bright, open feel and includes a 79 sq. ft. balcony for outdoor relaxation. Located within walking distance to shops and restaurants, residents also enjoy access to Calgary’s largest private lake, complete with beaches, walking trails, and year-round recreation. Underground heated titled parking is included for added convenience. This home is protected by the Alberta New Home Warranty Program, ensuring peace of mind for years to come. More details
    Listed by RE/MAX Real Estate (Central)
  • 7206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2216099

    7206 1802 Mahogany Boulevard SE Mahogany Calgary T3M 0T2
    Main Photo: 7206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2216099
    $499,900
    Residential
    Status:
    Active
    MLS® Num:
    A2216099
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    974 sq. ft.
    Logel Homes proudly presents the Atwood 3 in Mahogany, one of Calgary’s most desirable lake communities. This spacious two-bedroom, two-bathroom condo offers professionally designed interiors, complete with air conditioning, 41" upper cabinets with soft-close hardware, luxury vinyl plank flooring, designer tile, stainless steel appliances, pot lighting, and an oversized patio door. This home includes titled parking, a private storage locker, and comes standard with Logel Homes’ Energy Return Ventilation system and industry-leading sound attenuation technology. The Atwood 3 is covered by the Alberta New Home Warranty Program for added peace of mind. Residents of Mahogany enjoy a unique lifestyle surrounded by nature, with access to Calgary’s largest man-made lake, extensive walking and biking trails, and a variety of nearby amenities including coffee shops, grocery stores, and restaurants—all within walking distance. Homeowners also have access to the community clubhouse and beaches through the HOA. More details
    Listed by RE/MAX Real Estate (Central)
1-12/29
Data was last updated May 24, 2025 at 02:05 PM (UTC)

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  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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