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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16 Oakwood Close
Oriole Park West Red Deer T4P 0C6

$650,000
Residential beds: 5 baths: 4.0 2,232 sq. ft. built: 2008

Main Photo: 16 Oakwood Close: Red Deer Detached for sale : MLS®# A2176873
Photo 1: 16 Oakwood Close: Red Deer Detached for sale : MLS®# A2176873
Photo 2: 16 Oakwood Close: Red Deer Detached for sale : MLS®# A2176873
Photo 3: 16 Oakwood Close: Red Deer Detached for sale : MLS®# A2176873
Photo 4: 16 Oakwood Close: Red Deer Detached for sale : MLS®# A2176873
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Photo 22: 16 Oakwood Close: Red Deer Detached for sale : MLS®# A2176873
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176873
Bedrooms:
5
Bathrooms:
4
Year Built:
2008
Here’s your chance to own a spectacular 5-bedroom, 4-bath family home on a tranquil close in the executive area of Oriole Park West!!! Enjoy this quite home backing onto serene green space with a wonderful treed area. This stunning property offers an open-concept great room with a cozy family room featuring a gas fireplace. The kitchen boasts beautiful Maple cabinets, granite countertops, a center island, stainless steel appliances, a gas stove, corner pantry, and a ceramic tile backsplash. The main floor also includes a versatile den/office off the front entry and convenient main floor laundry. Upstairs, you'll find a spacious loft area, three bedrooms, and a 4-piece bath with a skylight. The expansive master suite includes a walk-in closet and an ensuite with his-and-her sinks, a luxurious soaker air tub with a separate shower, and elegant ceramic tile. Adjacent to the master bedroom is a 15x9 sunroom with skylights, perfect for a studio, library, or exercise area. The fully finished basement adds even more value with two additional bedrooms, a 3-piece bath, ample storage, and a large family room. Additional features include central air conditioning, under-floor heating, and a water softener. Enjoy outdoor living on the 14x20 deck in the backyard. Don’t miss this exceptional opportunity to make this dream home yours in Oriole Park West!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,232 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,379 sq. ft.
Lot Frontage:
0'
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:
Two
Total Rooms Above Grade:
7
Year built:
2008 (Age: 17)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0526412
Heating:
In Floor, Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Linoleum, Tile, Vinyl Plank
Cooling:
Central Air
Fireplaces:
0
Garage:
1
Garage Spaces:
3
Parking:
Concrete Driveway, Triple Garage Attached
Parking Places:
6
Parking Total/Covered:
6 / -
Laundry Features:
Main Level
Oriole Park West
Dishwasher, Microwave, Refrigerator, Stove(s), Washer/Dryer
NA
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
12'2" × 11'6"
Main Floor
Living Room
17'6" × 14'10"
Main Floor
Dining Room
12'2" × 8'2"
Main Floor
Office
11'6" × 9'9"
2nd Floor
Bedroom
11'10" × 9'11"
2nd Floor
Bedroom - Primary
23'5" × 17'5"
2nd Floor
Walk-In Closet
9'10" × 6'1"
2nd Floor
Bedroom
13'8" × 10'
Basement
Bedroom
13'3" × 9'6"
Basement
Bedroom
10'11" × 8'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'5" x 4'11"
2nd Floor
No
4
4'11" x 7'6"
2nd Floor
Yes
5
8' x 13'
Basement
No
3
9'1" x 5'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Central Vacuum, Closet Organizers, Double Vanity, Granite Counters, Jetted Tub, Kitchen Island, Pantry, Walk-In Closet(s)
Exterior Features:
Other
Patio And Porch Features:
Deck, Porch
Lot Features:
Creek/River/Stream/Pond, Landscaped, No Neighbours Behind, Street Lighting
Num. of Parcels:
0
Fencing:
Fenced
Region:
Red Deer
Zoning:
R1
Listed Date:
Mar 21, 2025
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by eXp Realty
Data was last updated June 21, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
300
Avg list price:
$431,200
Min list price:
$89,900
Max list price:
$1,689,000
Avg days on market:
23
Min days on market:
1
Max days on market:
403
Avg price per sq.ft.:
$331.84
These statistics are generated based on the current listing's property type and located in Red Deer. 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