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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11 Lock Place
Central Heights (Okotoks) Okotoks T1S 1E9

$724,900
Residential beds: 5 baths: 3.0 1,344 sq. ft. built: 1976

Main Photo: 11 Lock Place: Okotoks Detached for sale : MLS®# A2228007
Photo 1: 11 Lock Place: Okotoks Detached for sale : MLS®# A2228007
Photo 2: 11 Lock Place: Okotoks Detached for sale : MLS®# A2228007
Photo 3: 11 Lock Place: Okotoks Detached for sale : MLS®# A2228007
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Photo 46: 11 Lock Place: Okotoks Detached for sale : MLS®# A2228007
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2228007
Bedrooms:
5
Bathrooms:
3
Year Built:
1976
Set in a mature, peaceful cul-de-sac, this large bungalow has it all. Past the front courtyard, fenced off from the deer, step into the wood-panelled entryway and feel immediately at home. The vaulted living/dining area has room for large furniture and a full dining suite. High windows give onto the landscaped front yard with a chance to see fawns and hares playing. Kitchen is bright and functional with stainless steel appliances and rich cabinetry, note hot water dispenser. The main floor den is made welcoming by a gas fireplace and offers access to the yard beyond. Primary bedroom benefits from a new walk in tiled shower, the 2 other bedrooms upstairs are of a decent size. A bright 4 piece bathroom with a sun tunnel rounds off the upstairs. Basement is fully finished with warm tones and carpet. A wet bar with ample storage serves to entertain guests and a cozy family room is perfect for watching tv or gaming. Further on is a large work out area with tv and darts. Room for a pool table… Lower bedrooms have big closets and would be perfect for teens or guests (basement bedroom windows don't comply with current egress requirements). Laundry room with 2 storage closets is great for crafting or hobbies. Note central air, water softener & sump pump. The sump pump was installed as a preventative measure by the current owners after a Town water main broke in front of the house in 2014. Electrical panel upgraded. New high efficiency Lennox furnace installed in late 2021 and rough in piping for future direct vent water tank done at that time. As nice as the house is, the garden is its crowning glory!!! From the grass in the backyard that never needs cutting, past countless flowers, shrubs, perennials -hostas, daffodills and vines- the rear garden is an oasis of colour and tranquility and reflects the owners' passion for outdoor living. The extensive stone terrace was installed in 2013 (60k) along with the dry river bed and second shaded sitting area set under a white lilac and a towering coniferous tree. Note the peaceful hammock space at the rear of this 125’ lot and drip irrigation system for hassle free potted plant watering. Enjoy the tranquility of the beautifully landscaped yard while relaxing in the salt water Hotspring tub, steps from the back door for easy winter access. Mature greenery envelops you everywhere outside and it's hard to believe you are just 5 minutes' walk from downtown Okotoks or to the rec center pools and local schools. Not a cookie-cutter, but a mature fine home for the discerning buyer. Sellers are both licensed realtors in the province of Alberta.
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:
1,344 sq. ft.
Main Level Finished Area:
1,344 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,344 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,566 sq. ft.
Lot Frontage:
53'
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
Total Rooms Above Grade:
7
Year built:
1976 (Age: 49)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
7510111
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Cedar
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Linoleum
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Brick Facing, Den, Gas, Insert
Garage:
1
Garage Spaces:
2
Parking:
Alley Access, Double Garage Detached
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Central Heights (Okotoks)
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Humidifier, Instant Hot Water, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
Refrigerator and Freezer in basement. Hotsprings Sovereign hot tub. Central vac in as is condition - not used
None Known
Floor
Type
Size
Other
Main Floor
Living Room
51' × 13'3"
Main Floor
Dining Room
9'7" × 8'1"
Main Floor
Kitchen
16' × 10'1"
Main Floor
Den
15'10" × 12'
Main Floor
Bedroom - Primary
12'6" × 10'10"
Main Floor
Bedroom
10'10" × 9'8"
Main Floor
Bedroom
11' × 9'
Lower Level
Game Room
19'3" × 14'8"
Lower Level
Bedroom
11'8" × 9'1"
Lower Level
Bedroom
12'2" × 10'3"
Lower Level
Laundry
12'3" × 10'9"
Basement
Family Room
14'6" × 11'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Main Floor
Yes
3
Lower Level
No
4
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Tennis Court(s)
Interior Features:
Beamed Ceilings, Ceiling Fan(s), Central Vacuum, Low Flow Plumbing Fixtures, No Smoking Home, Sump Pump(s), Wet Bar
Exterior Features:
Private Entrance, Private Yard
Patio And Porch Features:
Front Porch, Patio, Terrace
Lot Features:
Back Lane, Back Yard, Low Maintenance Landscape, Private, Secluded, Treed
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Fenced
Region:
Foothills County
Zoning:
TN
Listed Date:
Jun 17, 2025
Days on Mkt:
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3D Tour

Listed by Prairie Management & Realty Inc.
Data was last updated June 18, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
130
Avg list price:
$687,450
Min list price:
$159,900
Max list price:
$2,485,000
Avg days on market:
27
Min days on market:
0
Max days on market:
288
Avg price per sq.ft.:
$393.53
These statistics are generated based on the current listing's property type and located in Okotoks. 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