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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3 lakewood Way
Lakewood (Strathmore) Strathmore T1P 1W9

$849,000
Residential beds: 3 baths: 3.0 2,337 sq. ft. built: 2025

Main Photo: 3 lakewood Way: Strathmore Detached for sale : MLS®# A2201052
Photo 1: 3 lakewood Way: Strathmore Detached for sale : MLS®# A2201052
Photo 2: 3 lakewood Way: Strathmore Detached for sale : MLS®# A2201052
Photo 3: 3 lakewood Way: Strathmore Detached for sale : MLS®# A2201052
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2201052
Bedrooms:
3
Bathrooms:
3
Year Built:
2025
Welcome to Life by the Water in Lakewood of Strathmore! This stunning 3-bedroom, 2.5-bathroom modern masterpiece sits on a premiere lot with direct access to a tranquil canal that leads straight to the community swimming pond—your own private escape just steps from your back door. Inside, sleek modern design meets cozy comfort with high-end finishes throughout, a sun-soaked open-concept layout, and room for the whole family. The oversized double garage is perfect for your vehicles, gear, and more. Whether you're sipping coffee by the water or hosting friends in your stylish kitchen, this home is where luxury and lifestyle meet. Don’t just dream about the lake life—live it!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,337 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
7,440 sq. ft.
Lot Frontage:
32'
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2025 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2311718
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
3
Parking:
Double Garage Attached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room
Lakewood (Strathmore)
Electric Stove, Range Hood, Refrigerator, Washer/Dryer
none
None Known
Floor
Type
Size
Other
Main Floor
Living/Dining Room Combination
27' × 15'
Main Floor
Kitchen
12'6" × 11'10"
Main Floor
Office
10' × 9'
Main Floor
Pantry
6'4" × 5'11"
Main Floor
Foyer
10'4" × 6'
Main Floor
Mud Room
9'9" × 6'
Upper Level
Bedroom - Primary
14'10" × 12'6"
Upper Level
Walk-In Closet
12'6" × 5'3"
Upper Level
Laundry
8'2" × 5'7"
Upper Level
Bedroom
11'6" × 10'
Upper Level
Bedroom
12'6" × 10'6"
Upper Level
Bonus Room
15' × 13'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'11" x 5'9"
Upper Level
Yes
5
7' x 12'6"
Upper Level
No
4
5'2" x 8'6"
Title to Land:
Fee Simple
Community Features:
Lake, Playground, Schools Nearby, Shopping Nearby
Interior Features:
High Ceilings, Kitchen Island, Open Floorplan, Pantry, Separate Entrance
Exterior Features:
Lighting, Playground
Patio And Porch Features:
None
Lot Features:
No Neighbours Behind
Num. of Parcels:
0
Fencing:
None
Region:
Wheatland County
Zoning:
R1N
Listed Date:
Mar 20, 2025
Days on Mkt:
  • Photo 1: 3 lakewood Way: Strathmore Detached for sale : MLS®# A2201052
    Photo 1 of 3
  • Photo 2: 3 lakewood Way: Strathmore Detached for sale : MLS®# A2201052
    Photo 2 of 3
  • Photo 3: 3 lakewood Way: Strathmore Detached for sale : MLS®# A2201052
    Photo 3 of 3
Listed by Royal LePage METRO
Data was last updated May 20, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
76
Avg list price:
$544,450
Min list price:
$168,000
Max list price:
$1,195,000
Avg days on market:
35
Min days on market:
1
Max days on market:
301
Avg price per sq.ft.:
$363.32
These statistics are generated based on the current listing's property type and located in Strathmore. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706