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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59 Alexander Crescent
Anders Park East Red Deer T4R 2T2

$698,900
Residential beds: 5 baths: 3.0 1,922 sq. ft. built: 2005

Main Photo: 59 Alexander Crescent: Red Deer Detached for sale : MLS®# A2215210
Photo 1: 59 Alexander Crescent: Red Deer Detached for sale : MLS®# A2215210
Photo 2: 59 Alexander Crescent: Red Deer Detached for sale : MLS®# A2215210
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Photo 36: 59 Alexander Crescent: Red Deer Detached for sale : MLS®# A2215210
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2215210
Bedrooms:
5
Bathrooms:
3
Year Built:
2005
VERY GRAND! ONE OF A KIND FAMILY HOME! Welcome to this stunning, fully finished one of a kind executive bungalow offering 1922 sq ft of luxurious main floor living, complete with a triple attached garage and located in one of the city’s most sought-after neighborhoods—just steps from top-rated schools, shopping, restaurants, the Collicutt Centre, and more! From the moment you enter, the grand foyer invites you into an open-concept layout that impresses with soaring ceilings, rich hardwood floors, tray ceilings, elegant crown moldings, classic wainscoting, and a cozy double-sided gas fireplace in the sun-drenched living room. Fresh paint palette (including ceilings) throughout (except walls of the smaller bedroom) add a modern, move-in-ready touch. The chef’s kitchen is a true showstopper—featuring a massive granite island, gas range, corner pantry, and an abundance of cabinets and workspace. A garden door leads out to the large deck, perfect for entertaining, and overlooks a fully fenced, beautifully landscaped yard complete with a handy shed. The primary suite is a peaceful retreat with its tray ceiling, oversized walk-in closet, and spa-inspired 5-piece ensuite with dual vanities, a luxurious steam shower, and a deep soaker tub. A bright home office with built-in desk and shelving offers the perfect work-from-home space, and the second main floor bedroom is generous and charming. The fully finished basement is equally impressive—boasting brand new paint (except for one bedroom) and carpet, a sprawling family/recreation room, three additional large bedrooms (one bedroom doesn't have a closet...other option would be a versatile flex room perfect for a home gym or media room), and a spacious 3-piece bathroom with a relaxing jetted tub. Additional highlights include central A/C, hot water on demand, (newer), exceptional curb appeal, and a quiet, established street in an elite neighborhood. This home truly checks all the boxes—space, style, comfort, and a prime location. Don’t miss your opportunity to own this exceptional property.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,922 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
7,983 sq. ft.
Lot Frontage:
64'⅛"
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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Levels:
One
Total Rooms Above Grade:
7
Year built:
2005 (Age: 20)
Bedrooms:
5 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
3
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
0424526
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood, Laminate
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Double Sided, Gas, Living Room
Garage:
1
Garage Spaces:
3
Parking:
Alley Access, Driveway, Garage Door Opener, On Street, Triple Garage Attached
Parking Places:
3
Parking Total/Covered:
3 / -
Laundry Features:
In Basement
Anders Park East
Central Air Conditioner, Dishwasher, Gas Stove, Microwave Hood Fan, Refrigerator, Tankless Water Heater, Washer/Dryer, Window Coverings
Stove, Fridge, Microwave B/I, Ceiling Fan, Washer/Dryer, Garage Door Opener (one control), Shed, Central Air Conditioner Unit
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
12'7" × 10'1"
Main Floor
Dining Room
13'4" × 8'6"
Main Floor
Dining Room
13'4" × 8'6"
Main Floor
Kitchen
18'7" × 16'10"
Main Floor
Living Room
24'11" × 15'2"
Main Floor
Office
12'2" × 11'3"
Main Floor
Bedroom - Primary
15'11" × 14'11"
Main Floor
Walk-In Closet
13'2" × 5'3"
Basement
Bedroom
16'11" × 13'9"
Basement
Bedroom
40'10" × 9'
Basement
Bedroom
15'3" × 10'10"
Basement
Family Room
28'10" × 19'7"
Basement
Furnace/Utility Room
17'6" × 10'11"
Basement
Storage
6'9" × 3'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 9'6"
Main Floor
Yes
5
13'1" x 10'2"
Basement
No
3
11'6" x 14'9"
Title to Land:
Fee Simple
Community Features:
Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Bookcases, Built-in Features, Ceiling Fan(s), Crown Molding, Double Vanity, Granite Counters, High Ceilings, Jetted Tub, Kitchen Island, Open Floorplan, Pantry, See Remarks, Storage, Suspended Ceiling, Tankless Hot Water, Tray Ceiling(s), Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Lighting
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Front Yard, Fruit Trees/Shrub(s), Landscaped, Lawn, Standard Shaped Lot, Street Lighting
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Fenced
Region:
Red Deer
Zoning:
R1
Listed Date:
Apr 27, 2025
Days on Mkt:
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Virtual Tour

Listed by RE/MAX real estate central alberta
Data was last updated June 20, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
300
Avg list price:
$431,200
Min list price:
$89,900
Max list price:
$1,689,000
Avg days on market:
23
Min days on market:
1
Max days on market:
403
Avg price per sq.ft.:
$331.84
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA