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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1262 Township 391
NONE Rural Red Deer County T4S 0A7

$1,244,999
Residential beds: 4 baths: 2.0 1,299 sq. ft. built: 1964

View of Sylvan Lake
Photo 1: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 2: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 3: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 4: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 5: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 6: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 7: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 8: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 9: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 10: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 11: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 12: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 13: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 14: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 15: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 16: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 17: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 18: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 19: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 20: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 21: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 22: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 23: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 24: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 25: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 26: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 27: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 28: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 29: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 30: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 31: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 32: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 33: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Photo 34: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2135963
Bedrooms:
4
Bathrooms:
2
Year Built:
1964
THIS LONG ADMIRED HOMESITE NOW RESIDES ON 15.96 PREMIUM LAKE AND TOWN VIEW ACRES. Here’s your opportunity to own this ideally located acreage with stunning lake, mountain, and town views. The yard sits high above paved Hwy 20 frontage and Central Alberta's most popular tourist-recreation lake destination – SYLVAN LAKE. Classic 1964 farmhouse - 1,185 SF 3 bed/2 bath bungalow with partial basement development and single garage attached by breezeway accessible from the front and back yard. The home has a solid layout that could easily be renovated, updated, or moved off to make way for your DREAM HOME on this site. Tiered front deck for entertaining and taking in the incredible views. The landscaped yard has a large shelter belt with mature trees and fruit trees, large lawns and recently constructed driveway and automatic entry gate. Chain-link fenced back yard area for children or pets to safely run and play. Outbuildings include a classic hip roof barn on concrete with power, 40'x56' heated arch rib Quonset on concrete with newer rollup door and welding plug, garden shed and 32'x60' open-faced shed with enclosed end section. 2 privately owned water wells for the house and the yard. Septic has been upgraded with a brand new large capacity tank (holding tank – no field currently). Great location - close to golf courses, public boat launch across the road, town, schools and all that Sylvan Lake has to offer. BONUS - annual income includes surface lease revenue from a Town of Sylvan Lake water well ($9033.53 +/- annual with 2% annual increase plus $2000 access road maintenance). DO NOT MISS THIS OPPORTUNITY!!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Acreage with Residence, Bungalow
Total Living Area:
1,298.6 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
16 acre(s)
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:
6
Year built:
1964 (Age: 61)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
2421720
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Laminate, Linoleum, Tile
Cooling:
None
Fireplaces:
0
Water Supply:
Well
Sewer:
Septic Field, Septic Tank
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Attached
Laundry Features:
In Basement
NONE
Dishwasher, Dryer, Range Hood, Refrigerator, Stove(s), Washer, Water Softener
Washer, Dryer, Fridge X2, Central vac, Water softener, Range hood, Stove, Dishwasher
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
35'6" × 30'7"
Main Floor
Bedroom
35'10" × 31'9"
Main Floor
Dining Room
44'7" × 35'
Main Floor
Kitchen
34'9" × 24'10"
Main Floor
Laundry
35'6" × 33'8"
Main Floor
Living Room
64'3" × 45'5"
Main Floor
Mud Room
76'10" × 43'3"
Main Floor
Bedroom - Primary
47'4" × 36'1"
Basement
Bedroom
44'10" × 33'8"
Basement
Game Room
91'4" × 44'7"
Basement
Storage
20'9" × 20'3"
Basement
Other
91'4" × 87'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
1
16'8" x 7'1"
Main Floor
No
4
21'1" x 35'6"
Title to Land:
Fee Simple
Community Features:
Golf, Lake, Schools Nearby, Shopping Nearby
Interior Features:
See Remarks
Exterior Features:
Dog Run, Private Yard, Storage
Patio And Porch Features:
Deck
Lot Features:
Views
Num. of Parcels:
0
Outbuildings:
Shed, Barn, Quonset
Fencing:
None
Nearest Town:
Sylvan Lake
Region:
Red Deer County
Zoning:
AG
Listed Date:
Jun 14, 2024
Days on Mkt:
  • Photo 1: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    View of Sylvan Lake
  • Photo 2: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    1262 Twp 391 Red Deer County
  • Photo 3: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Laneway & Outbuildings
  • Photo 4: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Photo 4 of 34
  • Photo 5: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Deck
  • Photo 6: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Deck
  • Photo 7: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Deck
  • Photo 8: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Living Room
  • Photo 9: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Dining/Kitchen
  • Photo 10: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Kitchen
  • Photo 11: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Dining
  • Photo 12: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Dining
  • Photo 13: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Kitchen
  • Photo 14: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Bedroom
  • Photo 15: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Bedroom
  • Photo 16: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Bathroom
  • Photo 17: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Bedroom
  • Photo 18: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Bedroom
  • Photo 19: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Rec Room
  • Photo 20: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Breezeway
  • Photo 21: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Breezeway
  • Photo 22: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Single Attached Garage
  • Photo 23: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Photo 23 of 34
  • Photo 24: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Photo 24 of 34
  • Photo 25: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    40' x 50' Quonset with welding plug, furnace
  • Photo 26: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    onset with welding 41' x 30'6" Barn
  • Photo 27: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    60' X 32' Open Faced Pole Shed
  • Photo 28: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Photo 28 of 34
  • Photo 29: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Photo 29 of 34
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    Photo 30 of 34
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    Photo 31 of 34
  • Photo 32: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Photo 32 of 34
  • Photo 33: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Photo 33 of 34
  • Photo 34: 1262 Township 391: Rural Red Deer County Detached for sale : MLS®# A2135963
    Photo 34 of 34

3D Tour

Listed by CIR Realty
Data was last updated June 24, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
113
Avg list price:
$799,900
Min list price:
$156,999
Max list price:
$6,300,000
Avg days on market:
54
Min days on market:
1
Max days on market:
463
Avg price per sq.ft.:
$463.81
These statistics are generated based on the current listing's property type and located in Rural Red Deer County. 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