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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233 27 Avenue NE
Tuxedo Park Calgary T2E 2A1

$829,900
Residential beds: 3 baths: 3.0 1,804 sq. ft. built: 1984

Main Photo: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 1: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 2: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 3: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 4: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 5: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 6: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 7: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 8: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 9: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 10: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 11: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 12: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
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Photo 14: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 15: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 16: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 17: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
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Photo 20: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 21: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 22: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 23: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 24: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 25: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Photo 26: 233 27 Avenue NE in Calgary: Tuxedo Park Detached for sale : MLS®# A2202713
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2202713
Bedrooms:
3
Bathrooms:
3
Year Built:
1984
Welcome to this original-owner home on a prime 50’ x 120’ inner-city lot with R-CG zoning, situated in the highly desirable and sought-after community of Tuxedo Park! This versatile property presents an exceptional opportunity for investors, first-time buyers, or families looking for a spacious, fully developed property with long-term value. Offering over 2,500 SF of developed space, with more than 1,800 SF on the main & upper floors alone (plus an additional 703 SF in the basement), the potential for updates and customization to either live in or rent out is significant. Located just minutes from downtown, this vibrant neighborhood strikes the perfect balance between convenience and tranquility. Enjoy leisurely walks through the picturesque Confederation Park while benefiting from easy access to nearby transit options. Everything you need is within walking distance, including top-rated schools, shopping, dining, and various amenities. The home’s prime location also offers proximity to SAIT, North Hill Mall, the Jubilee Auditorium, Kensington Village, and major commuter routes, making it easy to access all the city has to offer. The main floor features a spacious living room with a gas fireplace, a separate dining room, and a large kitchen, along with a 4-piece bathroom, main floor laundry, and access to a generous backyard. Upstairs, you’ll find three bedrooms, plus additional storage space in the attic. The primary bedroom includes a 2-piece ensuite. The lower level offers a large family room, a 3-piece bathroom, ample storage, and a utility room with a newer, high-efficiency furnace. Step outside to the beautifully landscaped backyard, where vibrant flower beds, a charming patio, and a lush garden provide the perfect environment for relaxing, gardening, or hosting gatherings. The over-sized, heated detached garage, along with additional parking, ensures ample space for vehicles and storage. Currently rented, so if you're looking for a turn-key investment opportunity, this might be perfect... be sure to book your viewing soon!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
1 and Half Storey
Total Living Area:
1,803.5 sq. ft.
Main Level Finished Area:
1,130.6 sq. ft.
Upper Level Finished Area:
672.9 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
703.5 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,995 sq. ft.
Lot Frontage:
49'11"
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
One and One Half
Total Rooms Above Grade:
6
Year built:
1984 (Age: 41)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2617AG
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Heated Garage, RV Access/Parking
Parking Places:
6
Parking Total/Covered:
6 / -
Laundry Features:
Main Level
Tuxedo Park
Dishwasher, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator
None
None Known
Floor
Type
Size
Other
Main Floor
Living Room
23'3" × 18'5"
Main Floor
Dining Room
13'8" × 11'8"
Main Floor
Kitchen
13'1" × 11'5"
Main Floor
Laundry
6'11" × 5'11"
Upper Level
Bedroom - Primary
15'11" × 11'8"
Upper Level
Bedroom
13' × 10'2"
Upper Level
Bedroom
12'6" × 9'7"
Upper Level
Storage
15'11" × 11'8"
Lower Level
Family Room
23'11" × 12'8"
Lower Level
Storage
15'2" × 7'11"
Lower Level
Furnace/Utility Room
15'5" × 13'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Upper Level
Yes
2
0' x 0'
Lower Level
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Beamed Ceilings, Built-in Features, Ceiling Fan(s), Central Vacuum, Pantry, See Remarks
Exterior Features:
Garden
Patio And Porch Features:
Other
Lot Features:
Back Yard, Garden
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Mar 17, 2025
Days on Mkt:
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Listed by 2% Realty
Data was last updated July 2, 2025 at 10:05 PM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$839,900
Min list price:
$304,500
Max list price:
$1,249,000
Avg days on market:
31
Min days on market:
7
Max days on market:
115
Avg price per sq.ft.:
$473.66
These statistics are generated based on the current listing's property type and located in Tuxedo Park. 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