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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20 Lakes Close
The Lakes (Lacombe) Lacombe T4L 1S4

$950,000
Residential beds: 5 baths: 3.0 1,655 sq. ft. built: 1995

Main Photo: 20 Lakes Close: Lacombe Detached for sale : MLS®# A2232196
Photo 1: 20 Lakes Close: Lacombe Detached for sale : MLS®# A2232196
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Photo 48: 20 Lakes Close: Lacombe Detached for sale : MLS®# A2232196
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2232196
Bedrooms:
5
Bathrooms:
3
Year Built:
1995
WELCOME TO THE LAKES! Lacombe's PREMIER LOCATION! This home is a SHOW STOPPER! You'll immediately notice the quality of this 1655 sq. ft. walk-out bungalow with attached triple car garage in one of Lacombe's most desirable neighbourhoods. This home was built with the utmost thought for beauty and function. The exterior is a warm stucco finish with craftsman style front door. The warm entrance greets you with the gorgeous hand scraped hardwood floors and architectural features. This home has numerous windows, upstairs and downstairs, open to the view to the back yard trees and view of Lake Anne. You really don't feel like you're in town. The living room is comfortable and features built in bookshelves and gas fireplace. The kitchen has warm cabinetry, granite countertops, and large island. Enjoy the view from the upper patio - complete with Duradeck finish. The dining area is perfect for entertaining large groups or family gatherings. The spacious walk-out basement has large windows and doors to the exterior patio. There's a large family room for relaxing, plus a games room area with wet bar for your enjoyment. The home stays cool in the summer with central air conditioning and warm in the winter with in-floor heat (lower level) and two fireplaces. The heated triple car garage has extensive storage and work space, plus a sink with hot/cold taps. The yard has been professionally landscaped and is absolutely beautiful. It's low maintenance for care and has underground sprinklers. This is a quiet neighbourhood, nestled between Lake Anne, Cranna and Elizabeth Lakes, close to walking paths, schools, and parks.
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:
1,655 sq. ft.
Main Level Finished Area:
1,655 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,535 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
8,625 sq. ft.
Lot Frontage:
75'
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:
Levels:
One
Total Rooms Above Grade:
7
Year built:
1995 (Age: 30)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
9423430
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Linoleum, Tile
Cooling:
Central Air
Fireplaces:
2
Fireplace Details:
Family Room, Gas, Living Room
Garage:
Yes
Garage Spaces:
3
Parking:
Triple Garage Attached
Parking Places:
6
Parking Total/Covered:
6 / -
Laundry Features:
Main Level
The Lakes (Lacombe)
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Refrigerator, Washer, Wine Refrigerator
Fridge, Stove, Microwave, Dishwasher, Alarm System, Water Softener, Reverse Osmosis System, Sauna, Shed X 2 (one attached, one detached), Central Vacuum & Attachments, Built In Speakers & Controls, Air Conditioner, Washer, Dryer, Pedestals for Washer & Dryer, All Window Coverings, Kitchen Bar Stools X 4, Wine Fridge, All Attached Garage Shelving.
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
11'2" × 11'
Main Floor
Bedroom
12' × 10'
Main Floor
Dining Room
13'3" × 10'6"
Main Floor
Foyer
8'5" × 6'3"
Main Floor
Kitchen
17'7" × 13'10"
Main Floor
Living Room
16'7" × 16'3"
Main Floor
Bedroom - Primary
14'7" × 13'
Main Floor
Storage
4'6" × 4'4"
Lower Level
Other
7'9" × 7'5"
Lower Level
Bedroom
13'1" × 10'10"
Lower Level
Bedroom
12'7" × 11'7"
Lower Level
Game Room
18'11" × 11'10"
Lower Level
Laundry
9' × 5'11"
Lower Level
Family Room
29'10" × 17'1"
Lower Level
Furnace/Utility Room
9' × 7'9"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
0' x 0'
Main Floor
No
4
0' x 0'
Lower Level
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Lake, Park, Playground, Schools Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Bar, Bookcases, Built-in Features, Central Vacuum, Closet Organizers, Granite Counters, Kitchen Island, No Animal Home, No Smoking Home, Separate Entrance, Storage, Tray Ceiling(s), Vaulted Ceiling(s), Vinyl Windows, Walk-In Closet(s), Wet Bar
Exterior Features:
BBQ gas line, Private Entrance, Private Yard
Patio And Porch Features:
Deck, Patio
Lot Features:
Back Yard, Backs on to Park/Green Space, Front Yard, Lake, Landscaped, Lawn, Low Maintenance Landscape, Many Trees, No Neighbours Behind, Private, Treed, Underground Sprinklers, Views, Waterfront
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Partial
Region:
Lacombe
Zoning:
R1
Listed Date:
Jun 20, 2025
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Royal LePage Lifestyles Realty
Data was last updated August 13, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
68
Avg list price:
$443,950
Min list price:
$165,000
Max list price:
$950,000
Avg days on market:
35
Min days on market:
1
Max days on market:
183
Avg price per sq.ft.:
$376.26
These statistics are generated based on the current listing's property type and located in Lacombe. Average values are derived using median calculations. This data is not produced by the MLS® system.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA