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.

Homes for sale in NE Calgary priced from $500,000 to $600,000

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  • 5336 2 Street SW in Calgary: Manchester Detached for sale : MLS®# A2170786

    5336 2 Street SW Manchester Calgary T2R 0W4
    Main Photo: 5336 2 Street SW in Calgary: Manchester Detached for sale : MLS®# A2170786
    $600,000
    Residential
    Status:
    Active
    MLS® Num:
    A2170786
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    838 sq. ft.
    LAND ASSEMBLY! Fine 827 square foot home on this DEVELOPMENT site. Must be purchased with neighbouring property to the North - 5332 2 ST SW (MLS A2169770 - also listed at $600,000). Attention Builders and Developers: Exceptional Land Opportunity! Presenting a prime parcel of 581 sq. m (6,254 sq. ft.) zoned C-COR2, ideal for retail with potential for upper residential condos. This property offers a unique chance to expand your investment, as the adjacent Lot 5332 MUST be purchased with this one, and then there is another 150 FEET North also available for sale (Expired MLS #A2153760). Highlights: Strategic Location: Situated just three blocks northeast of CF Chinook Centre, Calgary’s largest and most popular mall, this land is poised for impactful development. Excellent Connectivity: Benefit from proximity to major routes including Macleod Trail, Glenmore Trail SW, and Blackfoot Trail SE, along with easy access to the Chinook CTrain Red Line, ensuring effective citywide transportation. High Traffic Area: Less than 100 m from the bustling intersection of Macleod Trail and 53 Ave SW, this site enjoys excellent visibility and accessibility. Desirable Demographics: The Manchester community is one of Calgary's fastest-growing areas, with a 12% population increase over the past five years. Projections indicate a robust growth rate of 23.8% through 2028, attracting a young, affluent, and educated renter demographic. Versatile Development Potential: The C-COR2 zoning allows for a mix of retail and residential uses, making it a versatile option for various development projects. Don’t miss out on this remarkable opportunity to invest in a thriving community with tremendous growth potential. Contact us today for more information or to schedule a viewing! More details
    Listed by eXp Realty
  • 344 Carrington Way NW in Calgary: Carrington Semi Detached (Half Duplex) for sale : MLS®# A2216305

    344 Carrington Way NW Carrington Calgary T3P 0Z2
    Main Photo: 344 Carrington Way NW in Calgary: Carrington Semi Detached (Half Duplex) for sale : MLS®# A2216305
    $600,000
    Residential
    Status:
    Active
    MLS® Num:
    A2216305
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,796 sq. ft.
    Tucked away on a quiet street, this meticulously maintained and thoughtfully designed semi-detached home is turn key ready!  A cozy, modern 3-bedroom, 2.5-bathroom home offers endless builder upgrades that are sure to wow! The main floor features a bright & spacious open floor plan, perfect for both entertaining and everyday living.  The contemporary kitchen is the heart of the home, showcasing quartz countertops, oversized cabinetry, upgraded stainless steel appliance package, and a convenient central island with bar seating.  Upstairs, the home boasts three generously sized bedrooms, including a well-appointed primary suite complete with a walk-in closet, full 5 piece en-suite bathroom, a double vanity & soaker tub.  An additional 4 piece bathroom and laundry room complete the upper level for maximum convenience. Opportunities are endless with a partially finished basement & permitted electrical work complete, ready for your final touches. Additional highlights includes an abundant storage room, a fully landscaped exterior, upgraded lighting package and an attached double garage providing secure parking. Pride of ownership is evident throughout this home, with the property maintained in spotless condition inside and out. Located in the vibrant and growing northwest neighbourhood of Carrington, this home offers easy access to parks, schools, shopping, and major roadways. A perfect blend of style and functionality – this is a must-see! More details
    Listed by Paramount Real Estate Corporation
  • 150 Tarawood Lane NE in Calgary: Taradale Detached for sale : MLS®# A2217361

    150 Tarawood Lane NE Taradale Calgary T3J 5A7
    Main Photo: 150 Tarawood Lane NE in Calgary: Taradale Detached for sale : MLS®# A2217361
    $600,000
    Residential
    Status:
    Active
    MLS® Num:
    A2217361
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    1,266 sq. ft.
    Beautifully Renovated Single Family home in NE Calgary!! Perfect opportunity for first time home buyers and investors!! Welcome to this gorgeous detached home with finished basement in Taradale neighborhood. This home comes with a stunning kitchen with new SS appliances and a pantry, gorgeous dining area and spacious living room on main floor. A 2 pc bathroom completes this level. On Upper floor, there are 3 bedrooms with a common 3 pc bathroom. primary bedrooms has a spacious walk-in closet. The basement is finished with a bedroom & Rec area. This property is close to all amenities like Schools, shopping, Playgrounds etc. Book your Showing today!! More details
    Listed by Exa Realty
  • 59 Beaconsfield Place NW in Calgary: Beddington Heights Detached for sale : MLS®# A2220731

    59 Beaconsfield Place NW Beddington Heights Calgary T3K 1W8
    Main Photo: 59 Beaconsfield Place NW in Calgary: Beddington Heights Detached for sale : MLS®# A2220731
    $600,000
    Residential
    Status:
    Active
    MLS® Num:
    A2220731
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,937 sq. ft.
    Welcome to this stunning 4-bedroom, 2.5-bath home that perfectly blends comfort, style, and convenience. Boasting an open-concept floorplan, this home is ideal for both family living and entertaining. The spacious kitchen features an island with a breakfast bar—perfect for hosting guests—while the breathtaking vaulted ceilings with exposed beams add charm and character to the main living space. Downstairs, you’ll find a cozy lower living room complete with a wood-burning fireplace and oversized windows that flood the space with natural light. Whether you're relaxing with loved ones or entertaining company, this home offers the perfect setting. The City Assessment values this property at $660,500, but the current asking price reflects the need for some upcoming improvements. A fantastic opportunity for buyers looking to build equity with a few updates! Located just a short walk from Nose Hill Park, nearby amenities, and within the sought-after Tri-School area, this home also offers quick access to major roadways and is only 10 minutes from the airport—making it ideal for busy families or frequent travelers. Whether you're searching for your forever family home or a smart investment opportunity, this property checks all the boxes. Be sure to check out the Virtual Tour Link for floor plans and virtual tours where you can take a "walk" throughout all the rooms of the home. Don't miss out on the opportunity to make this your new home! More details
    Listed by Real Estate Professionals Inc.
  • 248 Madeira Place NE in Calgary: Marlborough Park Detached for sale : MLS®# A2225734

    248 Madeira Place NE Marlborough Park Calgary T2A 5T1
    Main Photo: 248 Madeira Place NE in Calgary: Marlborough Park Detached for sale : MLS®# A2225734
    $600,000
    Residential
    Status:
    Active
    MLS® Num:
    A2225734
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,811 sq. ft.
    Unleash your imagination with this opportunity in Marlborough Park. Located on a private cul-de-sac that backs onto a greenspace, this 1800+ square foot home with 4 bedrooms above grade is waiting for its new family. This is the largest single-family home in the neighbourhood that has hit the market in 5 years! The property is in original condition but has a high-efficiency furnace and a newer hot water tank. The home is sold "as-is, where-is". The pie-shaped lot has garden beds, Goji berry trees, raspberries, and strawberries. The property also has a back lane, which keeps your front driveway clear of bins. Don't wait, this fantastic opportunity on a rare home in Marlborough Park won't last long. More details
    Listed by CIR Realty
  • 228 19 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2226350

    228 19 Avenue NE Tuxedo Park Calgary T2E 1P1
    OPEN HOUSE: Jun 15, 2025
    12:00 PM - 02:00 PM MDT
    Open House on Sunday, June 15, 2025 12:00PM - 2:00PM
    Main Photo: 228 19 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2226350
    $600,000
    Residential
    Status:
    Active
    MLS® Num:
    A2226350
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    753 sq. ft.
    | Central Location | Updated Interior | Vaulted Ceiling | Front and Back Outdoor Space | Welcome to this beautifully updated home offering almost 1,100 square feet of developed living space in the desirable inner-city community of Tuxedo Park. Featuring 2 spacious bedrooms and a fully updated bathroom, this property combines modern comfort with character and convenience. The upstairs bedroom loft (not included in the 753 above-grade square footage) offers an additional approximately 100 sqft, along with the basement which offers another 245 sqft of developed living space. Step inside to discover a bright, airy interior highlighted by vaulted ceilings above the living room and large windows that flood the space with natural light. The updated kitchen boasts sleek stainless steel appliances and ample cabinet space—perfect for everyday cooking or entertaining. The dining room sits conveniently next to the kitchen and offers enough space for a sizable table. The basement features an additional recently finished flex room, ideal for a movie room, home office, gym, or guest space. A laundry space and plenty of storage round off the lower floor. Outside, enjoy the private backyard complete with lush grass, a sunny deck, and a huge front porch that invites relaxation. Well-kept bushes and trees add a nice touch of privacy and nature. A single detached garage adds convenience and additional storage. Located minutes from downtown and close to shopping, parks, and transit, this home offers the best of city living in a quiet, welcoming neighbourhood. Don’t miss this opportunity to own a turnkey home in one of Calgary’s most sought-after communities! More details
    Listed by Real Broker
  • 101 Marbrooke Circle NE in Calgary: Marlborough Detached for sale : MLS®# A2229226

    101 Marbrooke Circle NE Marlborough Calgary T2A 2W7
    Main Photo: 101 Marbrooke Circle NE in Calgary: Marlborough Detached for sale : MLS®# A2229226
    $600,000
    Residential
    Status:
    Active
    MLS® Num:
    A2229226
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    1,082 sq. ft.
    Welcome to this beautifully refurbished, suited bungalow offering 4 bedrooms (3 up, 1 down + flex room), and 2 full bathrooms (1 up,1 down) — ideal for families or savvy investors! Step inside to discover a host of recent upgrades, including new vinyl plank flooring, fresh paint throughout, upgraded appliances, freshly stained hardwood floors, updated cabinetry and hardware, modern light fixtures, and more. The main level greets you with a bright and spacious living room featuring a large bay window that floods the space with natural light. It flows seamlessly into the dining area and white, bright kitchen with abundant storage and counter space. Three generous bedrooms and a full bathroom complete the upper floor. A separate entrance leads to the fully developed illegal basement suite, perfect for extended family or rental income. Downstairs, you’ll find a large family room, designated dining area, kitchenette, 1 bedroom + flex room, a full bathroom, and access to shared laundry and storage. Enjoy your sunny, west-facing fenced backyard — ideal for entertaining, BBQs, and summer fires. The double detached garage and additional parking pad offer convenience for guests or tenants. Situated near schools, parks, shopping centres, and major roadways, this home combines comfort, functionality, and an amazing location. Book your showing today! More details
    Listed by RE/MAX First
  • 4448 3 Street NE in Calgary: Greenview Detached for sale : MLS®# A2229952

    4448 3 Street NE Greenview Calgary T2E 3L6
    Main Photo: 4448 3 Street NE in Calgary: Greenview Detached for sale : MLS®# A2229952
    $600,000
    Residential
    Status:
    Active
    MLS® Num:
    A2229952
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,049 sq. ft.
    Character. It's not common. It's not handed out when a home is built. It's earned over time. This lovely 60s home has earned a character and charm all its own. The house offers 3bdr/1bth up and a beautiful 2bdr/1bth illegal suite with separate entrance, downstairs. The property gives you a fantastic 50x100’ lot with a fabulous, level backyard that green thumbs will love for the morning sun and privacy. The yard boasts many gorgeous plants and flowers with a greenhouse, covered cobblestone patio area and eclectic décor, to create a welcoming, wonderful space for you and your guests. Updated flooring and pristine retro cabinetry grace the home. The master bedroom spoils you with a surprise patio door that opens to the covered patio, so you can enjoy cool breezes, fresh mornings and even a dip in the hottub when you feel like it! Like the house, the neighbourhood of Greenview is also a hidden gem itself! It combines the tranquility and neighbourliness of a bygone era, with a fantastic location that offers ready access to modern conveniences. Shopping, dining etc, are just steps from your door, and access to main thoroughfares like John Laurie and Deerfoot is quick and easy so you can be on a hike at Nose Hill Park, or be out of town on a getaway in just minutes. Greenview spoils you with wide streets, abundant parking, soothing green spaces, mature landscaping and a lifetime of wonderful memories. Start your new life in this old-school home and find the serenity you long for! OPEN HOUSE SATURDAY JUNE 14th, 1:30 TO 3PM. More details
    Listed by Real Estate Professionals Inc.
  • 1154 Carrington Boulevard NW in Calgary: Carrington Semi Detached (Half Duplex) for sale : MLS®# A2222805

    1154 Carrington Boulevard NW Carrington Calgary T3P 1L8
    Main Photo: 1154 Carrington Boulevard NW in Calgary: Carrington Semi Detached (Half Duplex) for sale : MLS®# A2222805
    $599,999
    Residential
    Status:
    Active
    MLS® Num:
    A2222805
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    1,423 sq. ft.
    Welcome to this beautifully maintained 4-bedroom, 3.5-bathroom duplex nestled in the vibrant Carrington community of NW Calgary. Boasting over 2,000 sq. ft. of thoughtfully designed living space and 9-foot ceilings on the main floor, this home seamlessly blends modern elegance with everyday functionality. Recent enhancements to the property include fresh paint in most rooms, newly painted deck and front entrance, professionally cleaned carpets and roof with warranty. The bright, open-concept main floor is bathed in natural light from its southwest exposure. The gourmet kitchen features stainless steel appliances, quartz countertops, a stylish tiled backsplash, ample cabinetry, and a large island with an extended breakfast bar—perfect for both daily living and entertaining. A welcoming living area, dining space, and convenient half bath complete this level. Upstairs, the primary suite offers a serene retreat with a 4-piece ensuite and spacious walk-in closet. Two additional bedrooms, a 4-piece main bathroom, and a laundry closet provide comfort and convenience for the whole family. The fully finished basement expands your living space with a versatile recreation room, a 3-piece bathroom, and extra storage—ideal for a home office, gym, or guest suite. Outside, enjoy the benefits of a double detached garage with back alley access. Situated in a family-friendly neighborhood, this home is close to parks, schools, shopping centers, restaurants, daycares, and grocery stores, with quick access to Stoney Trail for a seamless commute. Don't miss out on this incredible opportunity—book your viewing today! More details
    Listed by Royal LePage Solutions
  • 47 Martindale Court NE in Calgary: Martindale Detached for sale : MLS®# A2224275

    47 Martindale Court NE Martindale Calgary T3J 2V8
    Main Photo: 47 Martindale Court NE in Calgary: Martindale Detached for sale : MLS®# A2224275
    $599,999
    Residential
    Status:
    Active
    MLS® Num:
    A2224275
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    1,075 sq. ft.
    Welcome to this beautifully home! Fully renovated 3-bedroom, 2.5-bathroom home that blends modern upgrades with classic appeal. From the moment you enter, you’ll notice the quality craftsmanship and attention to detail throughout. The main floor offers a spacious, light-filled living area, ideal for both everyday living and entertaining. The kitchen is thoughtfully designed with brand-new stainless steel appliances, sleek countertops, and generous cabinetry—perfect for the home cook. The open-concept layout flows seamlessly into the dining area, providing an ideal space for family meals and gatherings. Upstairs, you’ll find three well-sized bedrooms, including a primary suite featuring a private 4-piece ensuite. An additional full bathroom on this level is finished with modern fixtures.This property also includes a one-bedroom illegal basement suite, offering flexibility for extended family, guests, or potential rental income. The suite features a private entrance and has been updated with practical finishes for comfortable living.Situated in a sought-after neighbourhood, this home offers a great combination of location, functionality, and value. Book your showing now!!!! More details
    Listed by eXp Realty
  • 99 Castleglen Crescent NE in Calgary: Castleridge Detached for sale : MLS®# A2227594

    99 Castleglen Crescent NE Castleridge Calgary T3J 1N2
    OPEN HOUSE: Jun 15, 2025
    12:00 PM - 03:00 PM MDT
    Open House on Sunday, June 15, 2025 12:00PM - 3:00PM
    Main Photo: 99 Castleglen Crescent NE in Calgary: Castleridge Detached for sale : MLS®# A2227594
    $599,999
    Residential
    Status:
    Active
    MLS® Num:
    A2227594
    Bedrooms:
    5
    Bathrooms:
    3
    Floor Area:
    1,315 sq. ft.
    OPEN HOUSE JUNE 14 and JUNE 15 12pm - 3pm |Rare 5 Bedroom Bi-Level | Front-Attached Double Garage | Oversized Lot | Nearly 2,600 Sq.Ft. of Living Space | Welcome to this spacious and well-maintained bi-level home, ideally located in the highly sought-after community of Castleridge. This rare property offers nearly 2,600 sq.ft. of developed living space on a massive lot, featuring a front-attached double garage and a fully finished basement with a 2-bedroom illegal suite—perfect for large families, multi-generational living, or investors looking for rental income. The main level boasts a bright and inviting living room with large windows, a functional kitchen with ample cabinet and counter space, a separate dining area that leads to an oversized backyard deck, and three generously sized bedrooms including a primary bedroom with its own full ensuite, plus an additional 4-piece bathroom. The walk-up basement is a standout feature, complete with a private entrance, two spacious bedrooms, a full bathroom, and a large living area—ideal for extended family or a mortgage helper. Located on a quiet street and just minutes from multiple schools, parks, shopping centers, and public transit, this home combines space, versatility, and convenience in one unbeatable package. Don’t miss your chance to own this exceptional property in Castleridge! More details
    Listed by Prep Ultra
  • 1035 Coventry Drive NE in Calgary: Coventry Hills Detached for sale : MLS®# A2227073

    1035 Coventry Drive NE Coventry Hills Calgary T3K 4P2
    Main Photo: 1035 Coventry Drive NE in Calgary: Coventry Hills Detached for sale : MLS®# A2227073
    $599,995
    Residential
    Status:
    Active
    MLS® Num:
    A2227073
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,063 sq. ft.
    Welcome to this beautifully updated 4-bedroom, 2.5-bathroom home! From the moment you arrive, you'll appreciate the brand new roof, double attached garage, and inviting curb appeal. Step inside to discover a bright and spacious foyer that leads to an open-concept main level featuring soaring 16-foot ceilings, gorgeous new flooring throughout, and fresh paint in a modern, neutral palette. The heart of the home is the stunning updated kitchen, boasting quartz countertops, new stainless steel appliances, and sleek finishes that seamlessly flow into the airy living room complete with a cozy fireplace and dramatic “open to below” ceiling design. Upstairs, you’ll find a private primary retreat with a walk-in closet and a beautifully renovated ensuite bathroom, along with a second spacious bedroom. The fully finished basement offers two additional bedrooms with egress windows, a brand new full bathroom, and a convenient laundry area. This home has been renovated top to bottom with countless upgrades, including new lighting fixtures, new appliances, and complete replacement of Poly-B plumbing — providing peace of mind for years to come. Located within walking distance to schools, bus stops, and Nose Creek Park, and just minutes to shopping, other schools, and major highways, this home offers the perfect blend of modern style, comfort, and convenience. Don't miss your chance to call this move-in ready gem your own — book your private showing today! More details
    Listed by Century 21 Bravo Realty
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Data was last updated June 15, 2025 at 10:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706