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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2908 Palliser Drive SW
Oakridge Calgary T2V 4G2

$1,069,850
Residential beds: 5 baths: 3.0 1,916 sq. ft. built: 1978

Main Photo: 2908 Palliser Drive SW in Calgary: Oakridge Detached for sale : MLS®# A2228329
Photo 1: 2908 Palliser Drive SW in Calgary: Oakridge Detached for sale : MLS®# A2228329
Photo 2: 2908 Palliser Drive SW in Calgary: Oakridge Detached for sale : MLS®# A2228329
Photo 3: 2908 Palliser Drive SW in Calgary: Oakridge Detached for sale : MLS®# A2228329
Photo 4: 2908 Palliser Drive SW in Calgary: Oakridge Detached for sale : MLS®# A2228329
Photo 5: 2908 Palliser Drive SW in Calgary: Oakridge Detached for sale : MLS®# A2228329
Photo 6: 2908 Palliser Drive SW in Calgary: Oakridge Detached for sale : MLS®# A2228329
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2228329
Bedrooms:
5
Bathrooms:
3
Year Built:
1978
Welcome to 2908 Palliser Drive SW, located in the heart of Oakridge Estates, one of Calgary’s most established and desirable family communities. Known for its quiet, tree-lined streets, top-rated schools, and unbeatable access to Glenmore Reservoir and South Glenmore Park, Oakridge offers the space, lifestyle, and long-term value that move-up buyers are looking for. Whether it’s biking along the reservoir trails, walking to Louis Riel School, or spending weekends at Southland Leisure Centre, this is a neighbourhood families stay in for generations. With a flexible June possession available, this is your chance to make the move in time for summer. This beautifully updated executive bungalow sits on a rare 62-foot-wide lot and offers over 3,500 sq ft of professionally finished living space. Inside, the sunlit main level features a bright and open layout with a formal living room and custom built-ins, and a cozy family room centered around a wood-burning fireplace. The cheerful kitchen includes a central island, sunny breakfast nook, and stainless steel appliances including a new fridge, dishwasher, and garburator. Three spacious bedrooms upstairs include a well-appointed primary suite with dual closets and a private ensuite. A large mudroom connects directly to the oversized double attached garage, keeping daily routines organized and efficient. The fully finished basement adds two more bedrooms, a large rec room, media lounge, and a full wet bar—ideal for entertaining or creating flexible living zones for a growing family. Notable upgrades include a brand new furnace and central A/C, new water softener and humidifier, upgraded trim and casings, and dimmable lighting throughout. Outside, enjoy low-maintenance composite decking in both the front and backyard, mature trees, and a peaceful setting that’s perfect for summer evenings. With unmatched access to parks, schools, and everyday amenities, this is a rare opportunity to secure a move-in ready home in one of Calgary’s most treasured southwest neighbourhoods. Book your private showing today.
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:
1,916 sq. ft.
Main Level Finished Area:
1,916 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,707 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,619 sq. ft.
Lot Frontage:
60'½"
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:
Floor Location:
Ground
Levels:
One
Total Rooms Above Grade:
9
Year built:
1978 (Age: 47)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
7410051
Heating:
High Efficiency, Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Cedar, Concrete, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Tile
Cooling:
Central Air, Full
Fireplaces:
1
Fireplace Details:
Brick Facing, Living Room, Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Alley Access, Double Garage Attached, Driveway, Garage Faces Front, On Street, Oversized
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
In Basement, In Unit, Laundry Room
Oakridge
Central Air Conditioner, Dishwasher, Dryer, Gas Stove, Microwave, Window Coverings
na
None Known
Floor
Type
Size
Other
Main Floor
Living Room
17'3" × 13'11"
Main Floor
Family Room
17'10" × 16'10"
Main Floor
Eat in Kitchen
17'8" × 13'
Main Floor
Dining Room
11'5" × 10'6"
Main Floor
Bedroom - Primary
17'10" × 14'
Main Floor
Other
9' × 1'11"
Main Floor
Bedroom
11'9" × 8'11"
Main Floor
Bedroom
11'6" × 9'10"
Main Floor
Foyer
6'3" × 5'4"
Main Floor
Mud Room
6'6" × 5'9"
Basement
Great Room
18'5" × 10'6"
Basement
Game Room
21'8" × 10'5"
Basement
Bedroom
21'5" × 9'11"
Basement
Bedroom
13'1" × 9'9"
Basement
Flex Space
7'10" × 7'1"
Basement
Kitchenette
10'5" × 8'10"
Basement
Storage
8'11" × 6'2"
Basement
Laundry
7'5" × 7'3"
Basement
Furnace/Utility Room
22'2" × 6'11"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
4'11" x 9'5"
Main Floor
No
4
7'1" x 8'5"
Basement
No
4
7'11" x 12'4"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Golf, Lake, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Bar, Bookcases, Built-in Features, Central Vacuum, Kitchen Island, No Smoking Home, Sump Pump(s), Vinyl Windows, Wet Bar
Exterior Features:
Private Yard
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Lane, Back Yard, Gazebo, Landscaped, Lawn, Many Trees, Rectangular Lot, Street Lighting, Treed
Accessibility Features:
Accessible Entrance
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-CG
Listed Date:
Jun 05, 2025
Days on Mkt:
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Listed by Real Broker
Data was last updated June 21, 2025 at 10:05 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$824,900
Min list price:
$279,900
Max list price:
$1,425,000
Avg days on market:
13
Min days on market:
1
Max days on market:
97
Avg price per sq.ft.:
$545.68
These statistics are generated based on the current listing's property type and located in Oakridge. 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