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.

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MAHOGANY HOMES FOR SALE UNDER $500,000

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

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1-12/31

  • 401 140 Mahogany Street SE in Calgary: Mahogany Apartment for sale : MLS®# A2258055

    401 140 Mahogany Street SE Mahogany Calgary T3M 4E1
    Main Photo: 401 140 Mahogany Street SE in Calgary: Mahogany Apartment for sale : MLS®# A2258055

    401 140 Mahogany Street SE Calgary T3M 4E1 Mahogany

    $384,999
    Residential
    Status:
    Active
    MLS® Num:
    A2258055
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    897 sq. ft.
    NEW! and Exquisite 2 bedroom 2 bathroom Corner Unit Penthouse with Mountain Views and 10 foot ceilings! This new home has an ideal layout with bedrooms on opposite sides and a sunny south and west exposure. Easily the best home in the complex. vinyl plank flooring in all common areas, cozy carpeted bedrooms. Insuite laundry with full size machines. The kitchen has brand new stainless steel whirlpool appliances, quartz countertops with an undermount sink, and sleek modern cabinetry. One underground parking stall with storage attached. The building offers a gym and bike room storage. Enjoy the benefits of the Beach Club with Lake access as well! More details
    Listed by Bow Realty
    LISTING DETAILS

  • 204 10 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2252765

    204 10 Mahogany Mews SE Mahogany Calgary T3M 2R1
    Main Photo: 204 10 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2252765

    204 10 Mahogany Mews SE Calgary T3M 2R1 Mahogany

    $420,000
    Residential
    Status:
    Active
    MLS® Num:
    A2252765
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    900 sq. ft.
    Welcome to Sandgate at Mahogany Lake. This custom built south east facing corner suite offers air conditioning and a private 36 by 6 foot deck that captures the sun throughout the day. The open concept layout features a bright living room with four large windows overlooking the courtyard and a stylish kitchen with quartz countertops, upgraded cabinets, a peninsula island, and premium stainless steel appliances. Two bedrooms and two full bathrooms are located on opposite sides of the living space for privacy, each with organized closet cabinetry. Residents enjoy exceptional amenities including a 1300 square foot fitness centre, a welcoming common area library, and two comfortable guest suites for visiting family and friends. Additional features include nine foot ceilings, luxury vinyl plank flooring, concrete construction, extra storage, and titled underground parking. All of this is set within award winning Mahogany, where you can enjoy year round recreation at Calgary’s largest lake along with walkable access to Mahogany Village Market with its shops, cafés, and restaurants including Sobeys, Tim Hortons, State and Main, and the renowned Chairman’s Steakhouse. More details
    Listed by Charles
    LISTING DETAILS

  • 703 135 Mahogany Parade SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2255887

    703 135 Mahogany Parade SE Mahogany Calgary T3M 2J9
    Main Photo: 703 135 Mahogany Parade SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2255887

    703 135 Mahogany Parade SE Calgary T3M 2J9 Mahogany

    $418,900
    Residential
    Status:
    Active
    MLS® Num:
    A2255887
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,226 sq. ft.
    Make a purchase before September 28th and be eligible for an additional limited time promotion of $10,000 value! Welcome to your brand new Zen Mahogany condo that combines smart design, everyday comfort, and exceptional location. This 2-storey Ambrosia Floorplan is built with energy efficiency top of mind, going beyond the standard. It features superior insulation that exceeds building codes by 40%, double-coated triple-pane windows, and a fresh air system (HRV) to ensure year-round comfort and air quality. Inside, quartz countertops, stainless steel appliances, and luxury vinyl plank flooring offer a clean, modern aesthetic with lasting durability. The open-concept layout welcomes you with a bright living area that flows naturally into the dining space and stylish kitchen, complete with a central island and direct access to the fenced yard—perfect for both everyday living. Upstairs, two generously sized bedrooms each offer their own private ensuite, providing both functionality and privacy. The Ambrosia layout is both functional and beautiful, perfect for you and your pets to enjoy—that's right, this home is pet friendly! Beyond the home itself, you’ll enjoy access to Mahogany’s Westman Village just a few blocks away—a vibrant lifestyle hub filled with dining, fitness, and entertainment options. Access to Lake Mahogany and the Beach Club is an additional feature, giving you access to amazing recreational amenities, community events, and a space for connection. Quick routes to Deerfoot and Stoney Trail and close proximity to the South Health Campus in Seton ensure your daily commute and errands are always easy. This isn’t just a home—it’s a lifestyle upgrade. Come see what Mahogany living in the ZEN Mahogany community will look like for you! More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 105 135 Mahogany Parade SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2253758

    105 135 Mahogany Parade SE Mahogany Calgary T3M 2J9
    Main Photo: 105 135 Mahogany Parade SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2253758

    105 135 Mahogany Parade SE Calgary T3M 2J9 Mahogany

    $269,000
    Residential
    Status:
    Active
    MLS® Num:
    A2253758
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    591 sq. ft.
    Make a purchase before September 28th and be eligible for an additional limited time promotion of $10,000 value! Step into smart, sustainable living in the thoughtfully designed Braeburn floorplan, a below-grade, single-story condo in ZEN Mahogany. Built for long-term efficiency and comfort, this brand new home features insulation that outperforms building code by 40%, double-coated triple-pane windows, a Fresh Air (HRV) system, and quiet, clean electric baseboard heating. Inside, the space is both practical and stylish, with luxury vinyl plank flooring throughout, quartz countertops, and stainless steel appliances in a functional kitchen that includes a breakfast bar. The layout is efficient and well-planned—offering a cozy living space up front, a full bathroom, and a spacious bedroom positioned at the back for added privacy. You’ll love your own private entry patio, located just down a short set of stairs, creating a personal outdoor space to relax or entertain. And for the cherry on top of it all, this home is pet friendly; ZEN Mahogany is for everyone! But the lifestyle here goes beyond the walls of your home. Located just a few blocks from the shops, dining, fitness studios, and entertainment options of Westman Village, you’re also steps away from year-round lake and beach access at Lake Mahogany. Whether you're looking to unwind, connect with community, or stay active, it’s all right here. Quick access to Deerfoot Trail, Stoney Trail, and the South Health Campus in Seton makes everyday living convenient and connected. This is more than a smart investment—it’s a chance to live in one of Calgary’s most exciting and complete communities. More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 2105 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2255915

    2105 11 Mahogany Row SE Mahogany Calgary T3M 2L6
    Main Photo: 2105 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2255915

    2105 11 Mahogany Row SE Calgary T3M 2L6 Mahogany

    $295,000
    Residential
    Status:
    Active
    MLS® Num:
    A2255915
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    634 sq. ft.
    Welcome to #2105, 11 Mahogany Row SE — a stylish main floor apartment tucked away in one of Calgary’s most sought-after lake communities. This 2 bedroom, 1 bathroom home is designed with both comfort and convenience in mind. A standout feature is the private balcony with no neighbouring unit attached, offering rare seclusion and direct outdoor access through a gated entry — ideal for pet owners or anyone who enjoys the feel of having their own backyard space with grass just steps away. Inside, you’ll find an open concept layout with a modern kitchen featuring sleek cabinetry, stainless steel appliances, and granite countertops, flowing seamlessly into the bright living area. The primary bedroom is spacious and welcoming, while the second bedroom offers versatility for guests, an office, or hobbies. In-suite laundry with full-sized, front load machines makes everyday living simple and efficient. Life in Mahogany means more than just a home — it’s a lifestyle. Residents enjoy access to the community’s lake, sandy beach, and walking paths, all just minutes from the front door. Plus, you’re steps away from local favourites like Analog Coffee, dining options like Chairman's Steakhouse and Alvin's Jazz Club, boutique shops, fitness and spin studios, and all of the vibrant amenities of Westman Village. Whether you’re looking for a first home, a downsizing option, or a smart investment, this condo delivers both privacy and connection in one of the city’s most vibrant neighbourhoods. More details
    Listed by RE/MAX House of Real Estate
    LISTING DETAILS

  • 104 20 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2255718

    104 20 Mahogany Mews SE Mahogany Calgary T3M 2W8
    Main Photo: 104 20 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2255718

    104 20 Mahogany Mews SE Calgary T3M 2W8 Mahogany

    $240,000
    Residential
    Status:
    Active
    MLS® Num:
    A2255718
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    553 sq. ft.
    Welcome to Sandgate at Mahogany Lake! Located in one of Calgary’s most vibrant and sought-after lake communities, this beautifully maintained unit offers the perfect blend of style and functionality. With over 500 sq ft of thoughtfully designed living space, this 1-bedroom, 1-bathroom condo includes a titled parking stall for your convenience. Step inside to discover laminate flooring throughout and a bright, open-concept layout. The contemporary kitchen features sleek white cabinetry, quartz countertops, stainless steel appliances, and a central island with a breakfast bar, ideal for both everyday living and entertaining. A door from the spacious living leads to a generous outdoor patio, perfect for enjoying warm summer days. The well-sized bedroom features a large walk-through closet that connects to a 4-piece ensuite, and in-suite laundry adds extra convenience. Sandgate offers fantastic amenities including a full fitness centre, and as a resident of Mahogany, you’ll enjoy year-round access to the lake -perfect for swimming, skating, fishing, or simply relaxing by the water. Ideally situated close to schools, parks, playgrounds, shopping, dining, and public transit, this home is perfect for first-time buyers, downsizers, or investors alike. Don’t miss this opportunity to enjoy lakeside living in one of Calgary’s premier neighbourhoods - schedule your private showing today! More details
    Listed by 2% Realty
    LISTING DETAILS

  • 203 20 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2254053

    203 20 Mahogany Mews SE Mahogany Calgary T3M 2W8
    Main Photo: 203 20 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2254053

    203 20 Mahogany Mews SE Calgary T3M 2W8 Mahogany

    $299,900
    Residential
    Status:
    Active
    MLS® Num:
    A2254053
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    626 sq. ft.
    Welcome to Mahogany! Unit 203, 20 Mahogany Mews SE! This bright 2-bedroom, 1-bath condo features a modern open layout, stylish kitchen with stainless steel appliances, quartz counters, and a private balcony. Enjoy the comfort of air conditioning plus the convenience of an underground parking stall with storage. Located in Calgary’s award-winning lake community, you’ll have access to beaches, pathways, shops, restaurants, and year-round recreation. Perfect for first-time buyers or investors! More details
    Listed by PREP Realty
    LISTING DETAILS

  • 3112 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2255461

    3112 11 Mahogany Row SE Mahogany Calgary T3M 2L6
    Main Photo: 3112 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2255461

    3112 11 Mahogany Row SE Calgary T3M 2L6 Mahogany

    $365,000
    Residential
    Status:
    Active
    MLS® Num:
    A2255461
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    937 sq. ft.
    LARGE TWO BEDROOM TWO BATHROOM PLUS DEN in a popular Mahogany complex. NEW kitchen cabinets, NEW luxury plank, NEW carpet in the bedrooms, NEW dishwasher, kitchen sink, New blinds and light fixtures, freshly painted throughout!! This unit has open layout with huge windows which bring lots of natural light. Cozy private patio for BBq nights and summer time chillouts. Functional kitchen. Good sized bedrooms and even space for your own office! All these in a well cared for complex and close to absolutely everything- Mahogany Lake, Westman Village, South Campus, shopping, dining and transportation. Great for the first time Buyers or Investment More details
    Listed by CIR Realty
    LISTING DETAILS

  • 1401 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2253992

    1401 11 Mahogany Row SE Mahogany Calgary T3M 2L6
    Main Photo: 1401 11 Mahogany Row SE in Calgary: Mahogany Apartment for sale : MLS®# A2253992

    1401 11 Mahogany Row SE Calgary T3M 2L6 Mahogany

    $379,900
    Residential
    Status:
    Active
    MLS® Num:
    A2253992
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    939 sq. ft.
    elcome to 1401, 11 Mahogany Row SE — a stunning top-floor corner unit offering the perfect blend of style, comfort, and convenience in one of Calgary’s most desirable lake communities. This is a rare opportunity to own a 2 bedroom, 2 bathroom condo in the heart of Mahogany, just steps from the lake, walking paths, restaurants, and all the vibrant amenities the community has to offer. Step inside and be greeted by a bright and open-concept layout featuring sun-filled south and west exposure, flooding the space with natural light and offering distant mountain views. The living, dining, and kitchen areas flow seamlessly, creating a spacious environment ideal for both relaxing and entertaining. Enjoy cooking in the upgraded kitchen complete with a premium appliance package, including a fridge with water & ice maker and a sleek induction stove. Thoughtful updates such as new engineered hardwood flooring, plush carpet in the bedrooms, and modern light fixtures add to the home’s fresh feel. Both bedrooms are generously sized, with the primary suite featuring a private 4-piece ensuite and walk through closet. The second bedroom is ideal for guests, family, or a roommate setup, with a full bathroom nearby. Additional features include underground heated parking, separate storage, and access to Mahogany’s unmatched amenities — including the private lake, and an array of nearby shops, cafés, and dining options. More details
    Listed by RE/MAX First
    LISTING DETAILS

  • 301 10 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2253508

    301 10 Mahogany Mews SE Mahogany Calgary T3M 2R1
    Main Photo: 301 10 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2253508

    301 10 Mahogany Mews SE Calgary T3M 2R1 Mahogany

    $297,000
    Residential
    Status:
    Active
    MLS® Num:
    A2253508
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    610 sq. ft.
    Experience modern comfort and lakeside living in this beautifully updated 1-bedroom, 1-bathroom condo, ideally located in one of Calgary’s most desirable lake communities, Mahogany! Built in 2017 and recently refreshed, this home is move-in ready and designed with both style and convenience in mind. The open concept layout features 9-foot ceilings and a bright, inviting atmosphere. The kitchen is equipped with sleek white cabinetry, quartz countertops, stainless steel appliances, a new microwave hood fan, and a breakfast bar for casual dining. Luxury vinyl plank and tile flooring flow throughout the main living spaces, while the bedroom offers soft carpet and a walk-through closet leading directly into the 4-piece bathroom. The living room is a cozy retreat with an electric fireplace, complemented by updated light fixtures and fresh paint throughout. Large windows fill the home with natural light, and the spacious private balcony, complete with a natural gas hookup, is perfect for outdoor dining and summer BBQs. A wall A/C unit provides added comfort year-round. Sandgate offers residents an impressive selection of amenities, including a 1,300 sq.ft. fitness centre, secure bike storage, a library, and a private storage locker. Guests can also take advantage of guests rental suites, and the community patio with BBQ facilities is ideal for larger gatherings. Your titled, heated underground parking stall ensures security and convenience. Living in Mahogany means enjoying exclusive access to the West Beach and the 22,000 sq.ft. Mahogany Beach Club, featuring sandy beaches, a splash park, tennis courts, a fishing pier, gymnasium, and fitness programs. The community also boasts 84 acres of lakefront, 74 acres of wetlands, and over 22 km of scenic pathways for year-round outdoor activities. Everyday essentials are just steps away at Mahogany Village Market, with Sobeys, Shoppers Drug Mart, Starbucks, and numerous dining and service options. For upscale evenings out, Westman Village offers fine dining at Chairman’s Steakhouse and live entertainment at Alvin’s Jazz Club. Families will appreciate the close proximity to schools, playgrounds, and parks, while commuters benefit from easy access to 52nd Street, Stoney Trail, and Deerfoot Trail. The South Health Campus, Seton YMCA, and major retailers are only minutes away. This condo is the perfect combination of modern updates, thoughtful amenities, and a vibrant lake lifestyle. Don’t miss your opportunity to make Mahogany home. More details
    Listed by Royal LePage Benchmark
    LISTING DETAILS

  • 231 Marquis Lane SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2251087

    231 Marquis Lane SE Mahogany Calgary T3M 2G6
    Main Photo: 231 Marquis Lane SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2251087

    231 Marquis Lane SE Calgary T3M 2G6 Mahogany

    $449,900
    Residential
    Status:
    Active
    MLS® Num:
    A2251087
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,406 sq. ft.
    BRIGHT & MODERN TOWNHOME | DOUBLE TANDEM GARAGE | AIR CONDITIONING | AFFORDABLE FEES - Welcome to 231 Marquis Lane SE, a meticulously maintained Jayman “Esprit” model townhome located in the sought-after lake community of Mahogany. With over 1400 sq. ft. of thoughtfully designed living space, this home blends style, function, and comfort. The heart of the home is a sun-filled kitchen featuring quartz countertops, a massive island with seating, stainless steel appliances, rich cabinetry, and a custom tile backsplash. The open-concept layout flows seamlessly into the dining and living areas, perfect for both everyday living and entertaining. Just off the main level, a spacious balcony with a gas BBQ hookup extends your living outdoors and overlooks the landscaped greenbelt. Upstairs, the primary retreat includes a walk-in closet and private 4-piece ensuite. Two additional bedrooms, another full bath, and convenient upstairs laundry complete this level, making it ideal for families or professionals alike. The entry level offers a rare tandem double garage (15’3” x 35’1”) with extra storage, along with direct access to the green space behind the property. Living in Mahogany means access to Calgary’s premier four-season lake community. Residents enjoy the private beach club, parks, pathways, and easy access to schools, shops, and major routes. This is a turnkey home that combines modern upgrades, functional design, and unbeatable community amenities. Call your favourite REALTOR® to book a showing today! More details
    Listed by MaxWell Capital Realty
    LISTING DETAILS

  • 116 10 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2251117

    116 10 Mahogany Mews SE Mahogany Calgary T3M 2R1
    Main Photo: 116 10 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2251117

    116 10 Mahogany Mews SE Calgary T3M 2R1 Mahogany

    $294,900
    Residential
    Status:
    Active
    MLS® Num:
    A2251117
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    588 sq. ft.
    Superb 1 bedroom unit, with plenty of upgrades , AC, custom made closed shelving, new heat/ac controls, modern and inviting atmosphere, with plenty of natural light, very functional kitchen with quartz counter tops, full size washer & dryer, located in the ground floor this unit offers a private access just from your parking stall in front of the unit. Plenty of amenities in the building and the lake within a walking distance, storage unit (#18) separate from thr unit, a must view. More details
    Listed by MaxWell Canyon Creek
    LISTING DETAILS
1-12/31
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Data was last updated September 19, 2025 at 02:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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  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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Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA