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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101 2005 24 Street SW
Richmond Calgary T3E 1T1

$299,000
Residential beds: 2 baths: 1.0 760 sq. ft. built: 2003

Main Photo: 101 2005 24 Street SW in Calgary: Richmond Apartment for sale : MLS®# A2223932
Photo 1: 101 2005 24 Street SW in Calgary: Richmond Apartment for sale : MLS®# A2223932
Photo 2: 101 2005 24 Street SW in Calgary: Richmond Apartment for sale : MLS®# A2223932
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Photo 29: 101 2005 24 Street SW in Calgary: Richmond Apartment for sale : MLS®# A2223932
Photo 30: 101 2005 24 Street SW in Calgary: Richmond Apartment for sale : MLS®# A2223932
Photo 31: 101 2005 24 Street SW in Calgary: Richmond Apartment for sale : MLS®# A2223932
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2223932
Bedrooms:
2
Bathrooms:
1
Year Built:
2003
Welcome to Unit 101 at 2005 24th Street SW — a beautifully updated 2-bedroom condo nestled in the vibrant community of Richmond. This ground-level condo features a modern, open-concept layout with bright natural light and updated vinyl plank flooring. The spacious living area is anchored by a cozy gas fireplace, perfect for Calgary’s cooler evenings, and opens to a private patio — ideal for relaxing or entertaining. The kitchen is outfitted with crisp white cabinetry, matching bathroom finishes, and functional design throughout. Both generously sized bedrooms include large closets, offering ample storage. Situated steps from 17th Ave SW and Crowchild Trail, you’ll enjoy unmatched access to downtown, the University of Calgary, Mount Royal University, and the Killarney Aquatic & Recreation Centre. Public transit is highly accessible, including proximity to LRT making commuting a breeze. Whether you're a first-time buyer or investor, this home is a must-see. Book your showing today with your favourite REALTOR® and make this exceptional unit your own!
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:
759.71 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$279.00
Condo Fee Includes:
Insurance, Reserve Fund Contributions
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Ground
Entry Level:
1
Stories Total:
3
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
2003 (Age: 22)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0310437
Heating:
Fireplace(s), Forced Air
New Constr.:
No
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Vinyl
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
0
Parking:
Stall
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Richmond
None
Dishwasher, Electric Stove, Refrigerator, Washer/Dryer Stacked, Window Coverings
N/A
None Known
No
Floor
Type
Size
Other
Main Floor
Bedroom
10'3" × 8'
Main Floor
Dining Room
10'8" × 9'9"
Main Floor
Kitchen
11'10" × 7'1"
Main Floor
Living Room
15'1" × 12'9"
Main Floor
Bedroom - Primary
12'9" × 10'7"
Main Floor
Furnace/Utility Room
6'1" × 5'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'10" x 5'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Open Floorplan
Exterior Features:
None
Patio And Porch Features:
Balcony(s), Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C1
Listed Date:
Jun 02, 2025
Days on Mkt:
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Listed by eXp Realty
Data was last updated June 18, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
55
Avg list price:
$929,900
Min list price:
$179,900
Max list price:
$1,699,999
Avg days on market:
21
Min days on market:
3
Max days on market:
119
Avg price per sq.ft.:
$515.17
These statistics are generated based on the current listing's property type and located in Richmond. 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