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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173 Gordon Drive SW
Glamorgan Calgary T3E 5B1

$655,000
Residential beds: 6 baths: 2.0 1,008 sq. ft. built: 1959

Exterior
Photo 1: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 2: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 3: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 4: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 5: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 6: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 7: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 8: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 9: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 10: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 11: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 12: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 13: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 14: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 15: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 16: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 17: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 18: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 19: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 20: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 21: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 22: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 23: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 24: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 25: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 26: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 27: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 28: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 29: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 30: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 31: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 32: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 33: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 34: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 35: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 36: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 37: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 38: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 39: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 40: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 41: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 42: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 43: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 44: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Photo 45: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2228410
Bedrooms:
6
Bathrooms:
2
Year Built:
1959
ATTENTION INVESTORS! Turn-key 6 bed/2 bath bungalow on a 52 × 100 ft lot, only minutes to Mount Royal University. Updates include kitchen & full electrical w/ new panel (2010), shingles (2014), plus luxury vinyl plank flooring, full interior paint and 2 windows (2024). Separate rear entrance makes a future legal basement suite straightforward. Currently rented by the room with projected gross rents of ˜$4,960 / mo at full capacity. Sunny, usable yard offers excellent outdoor space today and R-CG land-use gives long-term redevelopment potential. Walk to campus, transit, grocery, cafés and major routes. Solid cash-flow now—future upside later. Book your showing!
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:
1,008.22 sq. ft.
Main Level Finished Area:
1,008.22 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
929.66 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,232 sq. ft.
Lot Frontage:
52'4"
Lot Details:
52X100
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:
Unit Exposure:
West
Levels:
One
Total Rooms Above Grade:
7
Year built:
1959 (Age: 66)
Bedrooms:
6 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2642HQ
Heating:
Ceiling, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Linoleum, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street, On Street
Parking Places:
0
Parking Total/Covered:
0 / -
Laundry Features:
In Basement
Glamorgan
Built-In Electric Range, Built-In Refrigerator, Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Washer
Shed
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
11'10" × 10'11"
Main Floor
Bedroom
10'11" × 10'4"
Main Floor
Bedroom
11'10" × 7'10"
Main Floor
Dining Room
10'8" × 7'6"
Main Floor
Kitchen
13'5" × 11'6"
Main Floor
Living Room
13'2" × 7'9"
Main Floor
Bedroom
122'10" × 8'5"
Basement
Bedroom
17' × 11'9"
Basement
Furnace/Utility Room
13'10" × 11'2"
Basement
Game Room
16'2" × 11'2"
Basement
Bedroom
12'2" × 9'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 8'1"
Basement
No
3
10'9" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Laminate Counters
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Fruit Trees/Shrub(s), Rectangular Lot
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-CG
Listed Date:
Jun 10, 2025
Days on Mkt:
  • Photo 1: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Exterior
  • Photo 2: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Exterior
  • Photo 3: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Exterior
  • Photo 4: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Foyer
  • Photo 5: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Living room
  • Photo 6: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Living room
  • Photo 7: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Living Room
  • Photo 8: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Living Room
  • Photo 9: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Kitchen
  • Photo 10: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Kitchen
  • Photo 11: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Kitchen
  • Photo 12: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Kitchen
  • Photo 13: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Kitchen
  • Photo 14: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Bedroom #1
  • Photo 15: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Bedroom #1
  • Photo 16: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Bedroom #2
  • Photo 17: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Bedroom #2
  • Photo 18: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Bedroom #3
  • Photo 19: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Bedroom #3
  • Photo 20: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Bedroom #4
  • Photo 21: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Bedroom #4
  • Photo 22: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Main floor bathroom
  • Photo 23: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Rear Entrance
  • Photo 24: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Basement
  • Photo 25: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Basement living room
  • Photo 26: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Basement living room
  • Photo 27: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Basement Living Room
  • Photo 28: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Basement living room
  • Photo 29: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Utility room
  • Photo 30: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Bedroom #5
  • Photo 31: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Bedroom #5
  • Photo 32: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Basement #6
  • Photo 33: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Basement #6
  • Photo 34: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Basement #6
  • Photo 35: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Basement #6Closet
  • Photo 36: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Basement bathroom
  • Photo 37: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Backyard
  • Photo 38: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Backyard deck
  • Photo 39: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Backyard
  • Photo 40: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Backyard
  • Photo 41: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Back alley
  • Photo 42: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Backyard
  • Photo 43: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Backyard
  • Photo 44: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Backyard
  • Photo 45: 173 Gordon Drive SW in Calgary: Glamorgan Detached for sale : MLS®# A2228410
    Backyard shed

Virtual Tour

Virtual Tour

Listed by eXp Realty
Data was last updated June 17, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$382,500
Min list price:
$244,000
Max list price:
$1,585,000
Avg days on market:
18
Min days on market:
4
Max days on market:
101
Avg price per sq.ft.:
$351.54
These statistics are generated based on the current listing's property type and located in Glamorgan. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706