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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31 Signal Hill Way SW
Signal Hill Calgary T3H 2M1

$988,000
Residential beds: 5 baths: 3.0 2,952 sq. ft. built: 1988

Main Photo: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 1: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 2: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 3: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 4: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 5: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 6: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 7: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 8: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 9: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 10: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 11: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 12: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 13: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 14: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 15: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 16: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 17: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 18: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
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Photo 20: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 21: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 22: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 23: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 24: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
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Photo 36: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
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Photo 38: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 39: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 40: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 41: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Photo 42: 31 Signal Hill Way SW in Calgary: Signal Hill Detached for sale : MLS®# A2231804
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2231804
Bedrooms:
5
Bathrooms:
3
Year Built:
1988
Stunning and beautifully renovated 5-bedroom, 3-bathroom estate home located in the prestigious Signal View Estates, ideally situated on a quiet street just steps from parks and only 15 minutes to downtown. This bright and welcoming home features an elegant formal living and dining area with hardwood floors, a gourmet kitchen with granite countertops, stainless steel appliances including a brand-new dishwasher, and a sun-filled family room with three skylights, a wood-burning fireplace, and access to the sunny west-facing backyard—perfect for entertaining. The main floor also includes a dedicated office/den or bedroom, a renovated 2-piece powder room, and a spacious laundry room. Upstairs boasts four generous bedrooms, a renovated 5-piece main bathroom with dual sinks and granite counters, and an executive master retreat with bay window, two walk-in closets, and a luxurious ensuite with heated floors, jetted tub, and separate shower. The finished lower level offers flexible space for a playroom or hobby room, plus ample storage and a wine room. Additional upgrades include central A/C , water softener and filtration system (2017), dual furnaces (2018), all windows and doors replaced (2020), radon mitigation system (2024), and underground irrigation. This is not just a home, but a truly lucky house—it has inspired success, with three children from this household admitted to the University of Waterloo’s prestigious Mathematics program. This is a rare opportunity to own a turnkey family home with pride of ownership, exceptional functionality, and premium updates in one of Calgary’s most desirable communities.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
4 Level Split
Total Living Area:
2,952.1 sq. ft.
Main Level Finished Area:
1,088.8 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,403 sq. ft.
Lot Frontage:
49'3"
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:
East
Reg. Size:
Reg. Size Includes:
Levels:
4 Level Split
Total Rooms Above Grade:
9
Year built:
1988 (Age: 37)
Bedrooms:
5 (Above Grd: 5)
Bedrooms Above Grade:
5
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
8711545
Heating:
Fireplace(s), Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
In Unit, Laundry Room, Main Level
Signal Hill
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
15'5" × 11'11"
Main Floor
Dining Room
18'5" × 10'4"
Main Floor
Bedroom
11' × 9'7"
Main Floor
Laundry
9'5" × 6'
Main Floor
Kitchen
19'5" × 13'9"
2nd Floor
Family Room
26'6" × 12'5"
3rd Floor
Bedroom - Primary
22'4" × 17'1"
3rd Floor
Bedroom
13'4" × 9'5"
3rd Floor
Bedroom
12'4" × 9'4"
3rd Floor
Bedroom
13' × 9'8"
Basement
Flex Space
25'4" × 15'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
3rd Floor
Yes
5
0' x 0'
3rd Floor
No
5
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby
Interior Features:
Granite Counters, Jetted Tub, Skylight(s)
Exterior Features:
Garden
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Corner Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-CG
Listed Date:
Jun 18, 2025
Days on Mkt:
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Listed by Kirin Realty & Management Inc.
Data was last updated June 19, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$584,450
Min list price:
$299,000
Max list price:
$1,299,900
Avg days on market:
21
Min days on market:
1
Max days on market:
124
Avg price per sq.ft.:
$411.2
These statistics are generated based on the current listing's property type and located in Signal Hill. 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