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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Find Your Perfect Home in Southeast Calgary: Browse by Price Range
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| $350,000 - $500,000 | $600,000 - $700,000 | $900,000 - |
| $400,000 - $500,000 | $700,000 - $800,000 | SW CALGARY HOMES FOR SALE |
Explore Mahogany's Diverse Real Estate Offerings
| MAHOGANY DETACHED HOMES FOR SALE | MAHOGANY CONDOS FOR SALE |
| MAHOGANY TOWNHOMES FOR SALE | BUNGALOWS FOR SALE IN MAHOGANY |
There are several ways to contact Diane Richardson:
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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.
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Phone number: Call me directly at 403.397.3706 with any questions or to schedule viewings.
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Email address: Reach out to me at Diane@Mypadcalgary.com with any questions or to request more information.
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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.
ACREAGES FOR SALE NEAR STRATHMORE
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244 Range Rd 234 Township: Rural Wheatland County Residential Land for sale : MLS®# A2135444
244 Range Rd 234 Township Rural Wheatland County T1P 0V2 
$6,999,999Land- Status:
- Active
- MLS® Num:
- A2135444
ATTENTION: Land Developers. Opportunity is calling in Wheatland County! One of Alberta's fastest growing Counties, now has 767 Acres available on Eagle Lake primed for residential, commercial and recreational development. *Subdivided into 7 parcels. *40min from Calgary, 10 from Strathmore, right off Hwy 1. *Lakefront Property, with 12km of stunning shore line. *Incredible views, year round water activities, camping, fishing, walking trails. *Currently zoned agricultural, but within the Eagle Lake Area Structure Plan. With companies like De Havilland and CGC calling Wheatland County home, the need for development, especially housing, has never been greater. More detailsListed by Royal LePage Benchmark- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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123 East Coulee Avenue: Rural Wheatland County Commercial Land for sale : MLS®# A2192316
123 East Coulee Avenue Rural Wheatland County T0J 1B0
$6,900,000Land- Status:
- Active
- MLS® Num:
- A2192316
Proud to present Monarch Resort Development ("the Property"), a 640-acre site spanning two counties with stunning views and waterfront access to the Red Deer River. This rare offering provides a unique investment opportunity, perfect for recreational, hospitality, or residential development. Located just outside Drumheller, Alberta, and 2 hours from Calgary, the property lies in a thriving tourism hotspot, making it an ideal retreat for both local and out-of-town visitors. The site sits in Alberta's Canadian Badlands, offering dramatic topography and immense redevelopment potential. Currently zoned for agriculture, the property is already being used for outdoor concerts and transient camping. The true value lies in its vast development opportunities, with limitless potential for various ventures. DYNAMIC REMOTE LANDSCAPE & EPIC VIEWS The property is a sanctuary of solitude, free from noise and light pollution, providing visitors with unspoiled soundscapes. The clear skies offer an excellent canvas for stargazing, with the Milky Way and constellations on vivid display. The northern horizon also offers a stunning view of the Northern Lights, creating a breathtaking and restorative atmosphere. ALBERTA TOURISM HOTSPOT Drumheller, known as the "Dinosaur Capital of the World," is a must-visit destination in Alberta. The area boasts the Royal Tyrrell Museum and captivating badlands scenery, offering outdoor activities like camping and hiking. Visitors can explore iconic rock formations like the Hoodoos. Drumheller is easily accessible, just a short drive from Calgary, making it an ideal tourism hub with rich history, outdoor adventures, and family-friendly attractions. UNLIMITED RECREATIONAL ACTIVITIES Drumheller offers a range of outdoor activities, blending nature with cultural events. Visitors can camp under the stars, attend summer concerts, hike scenic trails, and enjoy local performances. This dynamic destination provides year-round recreational opportunities for all types of visitors. VALUE ADD AND DEVELOPMENT POTENTIAL This property offers exceptional opportunities for transformation. It could become a premier destination for adventure, relaxation, or community living, with options such as seasonal or permanent campgrounds, a resort with modern amenities, or a sustainable tiny home community. The land is perfect for an upscale glamping retreat with geodomes, cabins, and land lease sites. Its serene setting is also ideal for a wellness or spiritual retreat, allowing visitors to disconnect from the modern world. For luxury development, envision a resort featuring plunge pools and outdoor hot tubs to offer an immersive, exclusive experience. HIGHWAY ACCESSIBLE The property is conveniently located with easy access via Highway 10 and Highway 570, connecting the area to major Alberta cities. It is approximately a 1.5-hour drive from Calgary, a 15-minute drive from Drumheller, and a 3-hour drive from Edmonton. More detailsListed by RE/MAX First- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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250 Range Road: Rural Wheatland County Commercial Land for sale : MLS®# A2100557
250 Range Road Rural Wheatland County T1P 0X4
$4,800,000Land- Status:
- Active
- MLS® Num:
- A2100557
Great investment property on the edge of town limits. This 160 acre parcel is located on the south east corner of Strathmore town limits. Located near solar farm and go cart track. More detailsListed by KIC Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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240083C Range Road 270: Rural Wheatland County Industrial Land for sale : MLS®# A2196369
240083C Range Road 270 Rural Wheatland County T1P 0S2
$4,500,000Land- Status:
- Active
- MLS® Num:
- A2196369
Unlock the potential of this 30-acre parcel in Wheatland County, perfectly positioned for future growth. Currently zoned as agricultural, the property is located within the West Hwy 1 Area Structure Plan, making it an exciting investment for future development. Adjacent to the recently announced De Havilland airfield and neighbouring the burgeoning Origin Business Park, this location is poised to become a hotspot for commercial and industrial activity. The property includes two on-site houses, one spanning 3,844 square feet and the other 1,527 square feet, offering ample living space or potential for office use. This is a prime opportunity to invest in an area set for major transformation! More detailsListed by Terradigm Real Estate Advisors Ltd.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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W4R26T25S16:5,6 Range Road 264: Rural Wheatland County Residential Land for sale : MLS®# A2199011
W4R26T25S16:5,6 Range Road 264 Rural Wheatland County T0J 0Y0
$3,517,493Land- Status:
- Active
- MLS® Num:
- A2199011
Prime farmland located within the Area Structure Plan WC ASP - 11-012. (Parcel # 2 on Google Map) This prime piece of Real Estate is situated on pavement and is an easy commute to Calgary ( 20 minutes), and only 15 minutes to either Strathmore or Chestermere. Aligned with all the major transportation corriders of Highway #1, Highway 564, Highway #9 and Glenmore Trail; this fabulous location avails developers to all the major roadways leading to the city and adjacent communities. Within steps of Lakes of Muirfield 18 hole Golf Course, a convenience store and liquor store. There is a service station and food outlets nearby. Opportunity knocks to become the leader in developing this Area Structure Plan further. Many of the development approvals have been undertaken and approved. There is already a high pressure gas line installed that will service 180 home sites. Along with this 80 acre parcel are adjoining parcels totaling another 500 acres for sale and all are included already in the Area Structure Plan that has been approved by the MD of Wheatland. An opportunity to purchase for the future and develop as you go. Down the road from the new De Havilland Offices. More detailsListed by Century 21 Bamber Realty LTD.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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W4R26T25S16QNE Range Road 264 Range: Rural Wheatland County Residential Land for sale : MLS®# A2186459
W4R26T25S16QNE Range Road 264 Range Rural Wheatland County T0J 0Y0
$3,000,000Land- Status:
- Active
- MLS® Num:
- A2186459
Prime farmland located within the Area Structure Plan WC ASP - 11-012. (Parcel #4 on Google Map) This prime piece of Real Estate is situated just off pavement and is an easy commute to Calgary ( 20 minutes), and only 15 minutes to either Strathmore or Chestermere. Aligned with all the major transportation corriders of Highway #1, Highway 564, Highway #9 and Glenmore Trail; this fabulous location avails developers to all the major roadways leading to the city and adjacent communities. Within steps of Lakes of Muirfield 18 hole Golf Course, a convenience store and liquor store. Opportunity knocks to become the leader in developing this Area Structure Plan further. Many of the development approvals have been undertaken and approved. There is already a high pressure gas line installed that will service 180 home sites. Along with this 150+- acre parcel are adjoining parcels totaling another 420 acres for sale and all are included already in the Area Structure Plan that has been approved by the MD of Wheatland. An opportunity to purchase for the future and develop as you go. Productive farmland currently leased. Highway #1 Business Park and the De Havilland Airport and offices are approximately 4 miles away. A service station and some fast food outlets are already established. This is a great holding property with increased residential development a necessity in the near future. More detailsListed by Century 21 Bamber Realty LTD.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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4;25;24;17 SE: Rural Wheatland County Commercial Land for sale : MLS®# A2201760
4;25;24;17 SE Rural Wheatland County T1P 0K2
$2,899,900Land- Status:
- Active
- MLS® Num:
- A2201760
I am pleased to present prime development land currently zoned as Agricultural in Wheatland County, Alberta. The 123.4 acres has exposure to the TransCanada Highway and is located just two miles west of Strathmore. The closest neighboring business includes the Animal Care Center - a local, thriving veterinary business. The land has been farmed in previous years by a neighbouring farmer with best practices in mind. Strathmore is a thriving business and residential hub in the heart of the Calgary region. Businesses benefit from a supportive local community, while residents and business owners enjoy both small-town charm and access to urban market opportunities. This property offers potential for rezoning and could be developed into a future agri-business district or light industrial park. Major area industries include the future De Havilland Field airport, located just minutes west of this property. More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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W4R26T25S16QNW Range Road 264 Range: Rural Wheatland County Residential Land for sale : MLS®# A2186461
W4R26T25S16QNW Range Road 264 Range Rural Wheatland County T0L 0Y0
$2,800,000Land- Status:
- Active
- MLS® Num:
- A2186461
Prime farmland located within the Area Structure Plan WC ASP - 11-012. (Parcel #3 on attached Google Map) This prime piece of Real Estate is situated just off pavement and is an easy commute to Calgary ( 20 minutes), and only 15 minutes to either Strathmore or Chestermere. Aligned with all the major transportation corriders of Highway #1, Highway 564, Highway #9 and Glenmore Trail; this fabulous location avails developers to all the major roadways leading to the city and adjacent communities. Within steps of Lakes of Muirfield 18 hole Golf Course, a convenience store and liquor store. Opportunity knocks to become the leader in developing this Area Structure Plan further. Many of the development approvals have been undertaken and approved. There is already a high pressure gas line installed that will service 180 home sites. Along with this 140+- acre parcel are adjoining parcels totaling another 440 acres for sale and all are included already in the Area Structure Plan that has been approved by the MD of Wheatland. An opportunity to purchase for the future and develop as you go. Productive farmland currently leased. Highway #1 Business Park and the De Havilland Airport and offices are approximately 4 miles away. A service station and some fast food outlets are already established. Residential development has been firmly established across the road and soon more land will be needed to further the residential demand located between Calgary and Strathmore. This ideal location meets the needs of both communities as well as Chestermere. More detailsListed by Century 21 Bamber Realty LTD.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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4;25;24;26 NE 244046 Range Road 251: Rural Wheatland County Residential Land for sale : MLS®# A2109246
4;25;24;26 NE 244046 Range Road 251 Rural Wheatland County T1P 0P1
$2,700,000Land- Status:
- Active
- MLS® Num:
- A2109246
Over 100 acres of productive farm land with irrigation licenses and equipment. This is a fantastic opportunity to own farm land with future development opportunities possible. More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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Range Road 243 Township Road 242 A: Rural Wheatland County Residential Land for sale : MLS®# A2180263
Range Road 243 Township Road 242 A Rural Wheatland County T1P 2C4
$2,500,000Land- Status:
- Active
- MLS® Num:
- A2180263
30 Acres of amazing holding value, or potential for anything you could dream, business, land development, build your dream home! Located just west of Strathmore with Highway 1 frontage-You name it amazing location, great views. Situated just off Highway 1 with Service road access- Located in County of Wheatland, an amazing County to work with More detailsListed by RE/MAX Key- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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TWP 241 Range Road 261: Rural Wheatland County Industrial Land for sale : MLS®# A2176879
TWP 241 Range Road 261 Rural Wheatland County T0J 1X0
$2,199,999Land- Status:
- Active
- MLS® Num:
- A2176879
Located 1.7Km South of Highway #1 5 mins from the De Havilland Manufacturing Facility 25Mins East of Calgary, 5 Mins West of Strathmore +/- 67 Acres of Industrial Zoned Land Fully Fenced yard Site Services to the property Line Phase 1 Ground Water Report Available More detailsListed by RE/MAX Key- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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121 Cousin Street: Rural Wheatland County Detached for sale : MLS®# A2230917
121 Cousin Street Rural Wheatland County T1P 0X8
$1,999,000Residential- Status:
- Active
- MLS® Num:
- A2230917
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 1,656 sq. ft.
Located on the east side of Cheadle alongside the ball diamonds and rec center, this nearly 60-acre property offers a rare and highly strategic investment opportunity. With over 3,000 square feet of developed space in a well-maintained, four-bedroom bungalow, this property is ideal for those looking to capitalize on both immediate use and long-term potential. The home features a spacious floor plan with a breezeway connecting the house to the garage, a main floor laundry room with a sink, and a bright, heated sunroom with a full wall of south-facing windows. Classic wood-burning fireplaces on both the main and lower levels add charm and functionality, while a fully functioning sauna and a metal roof contribute to the home’s comfort and durability. Outdoor living is elevated by a beautifully designed outdoor gazebo with a fire pit and evening lighting, creating an ideal setting for entertaining or relaxing under the stars. Supporting infrastructure on the land includes a two-story barn with electrical service and a workshop area that was previously heated, as well as a greenhouse. The land is flat and usable, with a layout that supports a variety of development visions. This property is ideally positioned near upcoming economic drivers that will shape the future of Cheadle and the surrounding region. The new CGC drywall manufacturing facility is set to bring over 100 permanent jobs to the area, and the massive 1,500-acre De Havilland Field aerospace project just west of Cheadle is expected to generate significant economic activity and growth. With its location, scale, and infrastructure, this property represents a one-of-a-kind opportunity to invest in a growing community before the next wave of development hits. Whether you're seeking to develop, subdivide, or hold for future appreciation, this land offers the flexibility and potential to realize your vision. Don’t miss this rare opportunity to shape the next chapter of a growing Alberta community. More detailsListed by RE/MAX Key- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
Data was last updated June 17, 2025 at 06:05 PM (UTC)
Diane Richardson 403.397.3706
Diane@mypadCalgary.com
Cell:
403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary
AB
T2H 2C3
CA
Featured Listing
Location: Rural Foothills County
316042 160 Avenue West
$1,995,000
MLS®#: A2219597
Bedrooms: 4
Bathrooms: 4.0
CIR Realty