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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4 833 7th Street
South Canmore Canmore T1W 2C4

$847,900
Residential beds: 2 baths: 2.0 1,266 sq. ft. built: 2001

Main Photo: 4 833 7th Street: Canmore Row/Townhouse for sale : MLS®# A2238217
Photo 1: 4 833 7th Street: Canmore Row/Townhouse for sale : MLS®# A2238217
Photo 2: 4 833 7th Street: Canmore Row/Townhouse for sale : MLS®# A2238217
Photo 3: 4 833 7th Street: Canmore Row/Townhouse for sale : MLS®# A2238217
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2238217
Bedrooms:
2
Bathrooms:
2
Year Built:
2001
A beautifully maintained 2 bed, 2 bath fourplex, just steps from Canmore’s vibrant Main Street and the Bow River. This south-facing home offers the perfect blend of tranquility and convenience. The upper level showcases an open-concept floorplan with soaring vaulted ceilings and large windows that flood the space with natural light. Relax in the spacious living room with a cozy gas fireplace or step out onto the expansive deck to enjoy the mountain views with your morning coffee or night cap. The kitchen features a raised eating bar, pine cabinetry, lots of counter space and pantry, A cozy dining area and half bath finish off the upper level. On the entry level, you'll find a well-appointed primary bedroom, a second bedroom, a full bath combined with laundry, and two large storage areas– ideal for storing all your mountain toys. Recent updates include brand-new carpet and fresh paint throughout. Whether you’re looking for a full-time residence, weekend retreat, or investment property, this home delivers comfort, charm, and an unbeatable location. Don’t miss this rare opportunity in the heart of Canmore!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,266.32 sq. ft.
Main Level Finished Area:
629.89 sq. ft.
Upper Level Finished Area:
636.42 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$300.00
Condo Fee Includes:
Common Area Maintenance, Insurance, Reserve Fund Contributions
HOA Fee Includes:
Lot Area:
6,600 sq. ft.
Lot Details:
129X50
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:
Entry Level:
1
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
2001 (Age: 24)
Bedrooms:
2 (Above Grd: 0)
Bedrooms Above Grade:
0
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
0012868;4
Heating:
Fireplace(s), Forced Air, Natural Gas
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Stone, Wood Siding
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Living Room, Mantle, Tile
Garage:
No
Parking:
Assigned, Off Street, Stall
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
Lower Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
South Canmore
None
Dishwasher, Dryer, Electric Range, Microwave Hood Fan, Washer, Window Coverings
NA
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Balcony
14'8" × 8'1"
Main Floor
Dining Room
11'8" × 9'5"
Main Floor
Kitchen
13'11" × 8'7"
Main Floor
Living Room
21'9" × 15'4"
Lower Level
Bedroom
11'1" × 10'1"
Lower Level
Bedroom - Primary
12'10" × 11'8"
Lower Level
Furnace/Utility Room
5'11" × 4'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'10" x 5'1"
Lower Level
No
4
10'6" x 7'7"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Breakfast Bar, Chandelier, High Ceilings, Open Floorplan, Pantry, Primary Downstairs, Storage, Vaulted Ceiling(s)
Exterior Features:
Balcony, Storage
Patio And Porch Features:
Deck
Lot Features:
Few Trees, Front Yard, Low Maintenance Landscape
Num. of Parcels:
0
Fencing:
None
Region:
Bighorn No. 8, M.D. of
Zoning:
R4
Listed Date:
Jul 09, 2025
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by CENTURY 21 NORDIC REALTY
Data was last updated August 1, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
160
Avg list price:
$1,169,570
Min list price:
$39,945
Max list price:
$8,717,800
Avg days on market:
56
Min days on market:
1
Max days on market:
352
Avg price per sq.ft.:
$890.44
These statistics are generated based on the current listing's property type and located in Canmore. 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