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.

Forgot password Extend Verify Contact

216 15 Avenue NW
Crescent Heights Calgary T2M 0G8

$825,000
Residential beds: 5 baths: 2.0 1,009 sq. ft. built: 1920

Main Photo: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 1: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 2: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 3: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 4: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 5: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 6: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 7: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 8: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 9: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 10: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 11: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 12: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 13: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 14: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 15: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 16: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 17: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 18: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 19: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 20: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 21: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 22: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 23: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 24: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 25: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Photo 26: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2215530
Bedrooms:
5
Bathrooms:
2
Year Built:
1920
Prime Location Alert! Exceptional M-C2 zoned property in the heart of vibrant Crescent Heights—a must-see for buyers, investors, and developers! Unlock outstanding investment potential with strong cash-flow and exciting redevelopment opportunities. This well-maintained older bungalow, featuring a fully finished basement, offers a fantastic canvas for a high-value renovation project. Steps from top-rated restaurants, trendy shops, and excellent schools, plus just minutes to Downtown, SAIT, and lush parks. Enjoy seamless access with multiple public transit options. Builders/Developers, ask about potential land assembly with adjacent lot for larger development.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
1,009 sq. ft.
Main Level Finished Area:
1,009 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
945 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,886 sq. ft.
Lot Frontage:
34'3½"
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:
South
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
5
Year built:
1920 (Age: 105)
Bedrooms:
5 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
3
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
9310559
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
0
Parking:
Off Street
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
Common Area, In Basement
Crescent Heights
Washer/Dryer, Window Coverings
2 Stoves, 2 fridges, 2 hood fans, 2 microwaves
None Known
Floor
Type
Size
Other
Main Floor
Living Room
19'3" × 14'11"
Main Floor
Kitchen
12'9" × 9'10"
Main Floor
Dining Room
9'9" × 9'
Main Floor
Bedroom - Primary
11'5" × 10'6"
Main Floor
Bedroom
11'4" × 10'6"
Main Floor
Storage
15'3" × 7'2"
Basement
Laundry
9'1" × 3'3"
Basement
Kitchenette
10'11" × 8'9"
Basement
Bedroom
12'6" × 11'
Basement
Bedroom
12'6" × 9'2"
Basement
Bedroom
11'4" × 9'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5'8" x 7'10"
Basement
No
3
5'5" x 7'3"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
See Remarks
Exterior Features:
None
Patio And Porch Features:
None
Lot Features:
Level, Rectangular Lot
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Apr 28, 2025
Days on Mkt:
  • Photo 1: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 1 of 26
  • Photo 2: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 2 of 26
  • Photo 3: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 3 of 26
  • Photo 4: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 4 of 26
  • Photo 5: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 5 of 26
  • Photo 6: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 6 of 26
  • Photo 7: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 7 of 26
  • Photo 8: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 8 of 26
  • Photo 9: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 9 of 26
  • Photo 10: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 10 of 26
  • Photo 11: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 11 of 26
  • Photo 12: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 12 of 26
  • Photo 13: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 13 of 26
  • Photo 14: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 14 of 26
  • Photo 15: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 15 of 26
  • Photo 16: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 16 of 26
  • Photo 17: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 17 of 26
  • Photo 18: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 18 of 26
  • Photo 19: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 19 of 26
  • Photo 20: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 20 of 26
  • Photo 21: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 21 of 26
  • Photo 22: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 22 of 26
  • Photo 23: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 23 of 26
  • Photo 24: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 24 of 26
  • Photo 25: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 25 of 26
  • Photo 26: 216 15 Avenue NW in Calgary: Crescent Heights Detached for sale : MLS®# A2215530
    Photo 26 of 26
Listed by Century 21 Bravo Realty
Data was last updated June 20, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
53
Avg list price:
$385,000
Min list price:
$175,000
Max list price:
$2,250,000
Avg days on market:
29
Min days on market:
1
Max days on market:
252
Avg price per sq.ft.:
$436.41
These statistics are generated based on the current listing's property type and located in Crescent Heights. 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