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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408 36 Street SW
Spruce Cliff Calgary T3C 1P8

$824,900
Residential beds: 3 baths: 1.0 1,042 sq. ft. built: 1954

Main Photo: 408 36 Street SW in Calgary: Spruce Cliff Detached for sale : MLS®# A2226652
Photo 1: 408 36 Street SW in Calgary: Spruce Cliff Detached for sale : MLS®# A2226652
Photo 2: 408 36 Street SW in Calgary: Spruce Cliff Detached for sale : MLS®# A2226652
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Photo 48: 408 36 Street SW in Calgary: Spruce Cliff Detached for sale : MLS®# A2226652
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2226652
Bedrooms:
3
Bathrooms:
1
Year Built:
1954
If you are looking for a fabulous Inner City home, on a large R-CG LOT (50' X 120'), just 5 minutes from downtown - look no further. This 3 bedroom home is located on a quiet street, with mature trees, lots of new infill development and is in the great community of Spruce Cliff conveniently located close to schools, parks, Edworthy Park, playgrounds and transportation. This home would be ideal for first time buyers or downsizing seniors, who would love a single level bungalow in this location. The home was completely updated in 2012 and features a bright kitchen boasting plenty of quartz counter space & stainless steel appliances. In 2012 everything was professionally updated throughout from the shingles on the roof, new windows, bathroom, kitchen, furnace, some plumbing & electrical, hot water tank, doors, trim, Newer LVP on top of the original Hardwood, etc. The basement is a blank canvas if you decide to eventually finish, additionally you will find a large backyard, central air, an oversized single garage and RV parking /or room for up to 4 vehicles!
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:
1,042.19 sq. ft.
Main Level Finished Area:
1,042.19 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
963.82 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,952 sq. ft.
Lot Frontage:
50'
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:
Levels:
One
Total Rooms Above Grade:
7
Year built:
1954 (Age: 71)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2566GQ
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Cedar
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Ceramic Tile, Vinyl Plank
Cooling:
Central Air
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Parking Pad, RV Access/Parking, RV Gated, Single Garage Detached
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Spruce Cliff
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer
NONE
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
12' × 8'3"
Main Floor
Bedroom
11'7" × 10'11"
Main Floor
Dining Room
8'8" × 8'2"
Main Floor
Foyer
5'2" × 3'5"
Main Floor
Kitchen
14'1" × 8'8"
Main Floor
Living Room
18'2" × 13'4"
Main Floor
Bedroom - Primary
11'6" × 10'11"
Basement
Storage
4'2" × 3'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
See Remarks
Exterior Features:
Private Yard
Patio And Porch Features:
Patio
Lot Features:
Back Lane, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-CG
Listed Date:
Jun 01, 2025
Days on Mkt:
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3D Tour

Listed by RE/MAX House of Real Estate
Data was last updated July 2, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$412,400
Min list price:
$275,000
Max list price:
$1,795,000
Avg days on market:
35
Min days on market:
6
Max days on market:
147
Avg price per sq.ft.:
$445.72
These statistics are generated based on the current listing's property type and located in Spruce Cliff. 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