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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1401 837 2 Avenue SW
Eau Claire Calgary T2P 0E6

$3,400,000
Residential beds: 4 baths: 4.0 4,879 sq. ft. built: 1999

Main Photo: 1401 837 2 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2223213
Photo 1: 1401 837 2 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2223213
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2223213
Bedrooms:
4
Bathrooms:
4
Year Built:
1999
FABULOUS renovation opportunity with expansive spaces, windows galore, huge patios + stellar views from every part of this 4879 square foot sub penthouse apartment on Point on the Bow, a sought after location with only 38 units. This elegant building is located just off the bow river pathway system in a very quiet location. Welcoming entrance to the complex with lush greenery, sitting areas + 24 hour concierge. The elevator opens directly into the sub penthouse floor with expansive open concept, two large primary suites, 2 additional bedrooms huge living spaces that offer flexibility in decorating. The patio space is over 1200 square foot ideal for entertaining + enjoying the vast 180 degree sky views which also encompass the river, mountains + city lights. Two underground parking stalls, car wash, 2 large storage units 7x12 feet. gym, pool, hot tub, social room. A wonderful lock and leave property in safe area with wonderful restaurants in immediate area + direct access to the river pathway system. Pets accepted with some restrictions + with board approval.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment-Single Level Unit
Total Living Area:
4,879.08 sq. ft.
Main Level Finished Area:
4,879.08 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$6,631.00
Condo Fee Includes:
Caretaker, Common Area Maintenance, Electricity, Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Security Personnel
HOA Fee Includes:
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:
West
Floor Location:
Other
Entry Level:
14
Stories Total:
15
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
9
Year built:
1999 (Age: 26)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
4.0 (Full:4, Half:0)
Plan:
9910641
Heating:
Baseboard, Hot Water, Natural Gas
New Constr.:
No
Construction Material:
Concrete, Stone
Structure Type:
High Rise (5+ stories)
Roof:
Tar/Gravel
Ensuite:
Yes
Flooring:
Ceramic Tile, Hardwood, Marble
Cooling:
Central Air
Fireplaces:
3
Fireplace Details:
Gas
Garage:
0
Parking:
Stall, Underground
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Point On The Bow
Eau Claire
Car Wash, Elevator(s), Fitness Center, Indoor Pool, Other, Recreation Room, Secured Parking, Visitor Parking
Built-In Oven, Dishwasher, Dryer, Gas Cooktop, Microwave Hood Fan, Refrigerator, Washer
Built In Water Feature (as is), Blown Glass Walls, Blown Glass Light Fixture in the Living Room
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
25' × 16'1"
Main Floor
Bedroom
36'1" × 26'2"
Main Floor
Bedroom
14'9" × 10'
Main Floor
Breakfast Nook
17' × 11'9"
Main Floor
Dining Room
26'8" × 23'6"
Main Floor
Other
27'10" × 7'7"
Main Floor
Foyer
36'2" × 8'
Main Floor
Kitchen
16'7" × 10'11"
Main Floor
Living Room
39'2" × 37'9"
Main Floor
Bedroom - Primary
27'7" × 26'8"
Main Floor
Furnace/Utility Room
5'1" × 3'7"
Main Floor
Furnace/Utility Room
10'5" × 9'1"
Main Floor
Walk-In Closet
25'4" × 19'2"
Main Floor
Walk-In Closet
11'5" × 7'
Floor
Ensuite
Pieces
Other
Main Floor
No
3
4'11" x 10'9"
Main Floor
Yes
4
9'2" x 5'11"
Main Floor
No
5
9'8" x 15'8"
Main Floor
Yes
6
15'2" x 18'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Walking/Bike Paths
Interior Features:
Built-in Features, Ceiling Fan(s), Double Vanity, Elevator, Granite Counters, Jetted Tub, Kitchen Island, Pantry, Soaking Tub, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Patio, See Remarks
Lot Features:
Backs on to Park/Green Space, Creek/River/Stream/Pond, Cul-De-Sac, Views
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC
Listed Date:
May 28, 2025
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Real Estate Professionals Inc.
Data was last updated June 19, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
39
Avg list price:
$929,900
Min list price:
$199,000
Max list price:
$7,500,000
Avg days on market:
64
Min days on market:
8
Max days on market:
432
Avg price per sq.ft.:
$696.85
These statistics are generated based on the current listing's property type and located in Eau Claire. 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