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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2709 11811 Lake Fraser Drive
Lake Bonavista Calgary T2J 7J1

$265,000
Residential beds: 1 baths: 1.0 594 sq. ft. built: 2006

Main Photo: 2709 11811 Lake Fraser Drive in Calgary: Lake Bonavista Apartment for sale : MLS®# A2224938
Photo 1: 2709 11811 Lake Fraser Drive in Calgary: Lake Bonavista Apartment for sale : MLS®# A2224938
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2224938
Bedrooms:
1
Bathrooms:
1
Year Built:
2006
Amazing value for this 2nd floor, east facing 1 bedroom + flex space in the Gateway South Centre. A very well designed, open concept floor plan that has been meticulously cared for. Stylish kitchen showcasing granite countertops, stainless steel appliances, double sink. Enjoy the flex space just inside the door as a home office, bar table or pantry storage. The blended living + dining areas are ideal for entertaining friends and family. Topping off the perks of the unit are: large bedroom, east facing balcony with gas BBQ connection, in-suite laundry + underground titled parking stall. Don't forget about the great building amenities: full gym + yoga studio, owner's lounge with kitchen, interior courtyard, onsite guest suites + several designated guest parking stalls. Condo fees include ALL of your main utilities! A prime location in Calgary's south sector with close proximity to South Centre mall, easy access to MacLeod Trail, Anderson, transit, Fish Creek Park and all sort of pubs, restaurants + grocery options.
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:
593.9 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$549.59
Condo Fee Includes:
Heat, Parking, Professional Management, Reserve Fund Contributions, Sewer, Trash, Water
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:
Southeast
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2006 (Age: 19)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0614475
Heating:
Central, Geothermal, Natural Gas
New Constr.:
No
Construction Material:
Brick, Concrete, Stucco
Structure Type:
High Rise (5+ stories)
Ensuite:
No
Flooring:
Hardwood
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Gateway Southcentre
Lake Bonavista
Bicycle Storage, Elevator(s), Fitness Center, Parking, Party Room, Recreation Facilities, Secured Parking, Trash
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
none
Non-Smoking Building, Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
13'10" × 10'8"
Main Floor
Kitchen With Eating Area
9'4" × 8'6"
Main Floor
Living Room
20'2" × 11'3"
Main Floor
Balcony
9'6" × 7'3"
Main Floor
Den
8'6" × 5'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8'8" x 4'11"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Crown Molding, Granite Counters, Kitchen Island, No Smoking Home
Exterior Features:
Balcony
Patio And Porch Features:
None
Lot Features:
Cul-De-Sac
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-H1 d247
Listed Date:
Jun 02, 2025
Days on Mkt:
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Listed by Diamond Realty & Associates LTD.
Data was last updated June 20, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$725,000
Min list price:
$265,000
Max list price:
$1,399,900
Avg days on market:
20
Min days on market:
1
Max days on market:
90
Avg price per sq.ft.:
$574.9
These statistics are generated based on the current listing's property type and located in Lake Bonavista. 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