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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Find Your Perfect Home in Southeast Calgary: Browse by Price Range
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$400,000 - $500,000 | $700,000 - $800,000 | SW CALGARY HOMES FOR SALE |
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There are several ways to contact Diane Richardson:
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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.
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Phone number: Call me directly at 403.397.3706 with any questions or to schedule viewings.
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Email address: Reach out to me at Diane@Mypadcalgary.com with any questions or to request more information.
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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.
New listings Calgary SE
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78 Cranwell Common SE in Calgary: Cranston Detached for sale : MLS®# A2242761
78 Cranwell Common SE Cranston Calgary T3M 0J4 $724,500Residential- Status:
- Active
- MLS® Num:
- A2242761
- Bedrooms:
- 4
- Bathrooms:
- 4
- Floor Area:
- 1,886 sq. ft.175 m2
This beautifully RENOVATED home is FULLY DEVELOPED with A/C, BONUS room, ARCHITECHTURAL LIGHTING and just steps to 3 top-rated schools (CBE & Catholic). Updated 5 years ago it includes NEWER ROOF, VINYL PLANK FLOORING, modern cream kitchen with GRANITE COUNTERS, sit up island, pantry & stainless appliances, note all drawers are SOFT CLOSE. Bright dining area opens via OVERSIZED 3 panel patio doors to a WEST FACING LARGE 2 TIER DECK with metal GAZEBO, mature Scandinavian trees & dog run. Back inside, large Living room with BEAUTIFUL CORNER FIREPLACE, mantle and remote controlled blinds. A powder room and mud room complete this level. Upstairs offers a spacious bonus room with high ceilings and beautiful built in shelves. The large primary suite has remote controlled blinds with 5-pc ensuite & walk-in closet, 2 more bedrooms & full family bath complete this level. The finished basement with huge family/rec room, large 4th bed with sleek cabinets, modern bright bath & the mechanical room has a NEW hot water tank., fully serviced furnace and storage. Close to shopping, Stoney & Deerfoot. Enjoy Cranston’s parks, paths, & community amenities! More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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927 120 Avenue SE in Calgary: Lake Bonavista Detached for sale : MLS®# A2242780
927 120 Avenue SE Lake Bonavista Calgary T2J 2K8 $1,148,900Residential- Status:
- Active
- MLS® Num:
- A2242780
- Bedrooms:
- 6
- Bathrooms:
- 4
- Floor Area:
- 1,334 sq. ft.124 m2
Beautifully renovate, contemporary 5 bedroom family home with timeless curb appeal and functional design throughout. All new white stucco exterior with black accented trim and windows plus rich wood entry way invite you to see more. Open concept layout with newly constructed vaulted ceiling and skylights illuminate the heart of the home. Kitchen has custom cabinetry with blends of white and wood tones complimented by black hardware and high end stainless appliances. Center island has waterfall quartz counters and ample seating area. Seamless connected to dining area and main living room which is anchored by a sleek linear fireplace. Steps off the kitchen is the mud room and exit to the south fenced backyard, all new deck and easy access to the double garage. The tranquil primary bedroom offers clean lines and neutral tones, 4 pc ensuite and closet. There is another bedroom and bathroom on this level plus a 2 pc powder room. The lower level includes a spacious family room with a generous wet bar, plenty of cabinetry, a laundry room and additional 3 bedrooms. Large windows flood this level with natural light providing an enjoyable lower level. This home embodies modern comfort with subtle designer touches and is ready for your next chapter. More detailsListed by Real Estate Professionals Inc.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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805 8880 Horton Road SW in Calgary: Haysboro Apartment for sale : MLS®# A2242657
805 8880 Horton Road SW Haysboro Calgary T2V 2W3 $262,000Residential- Status:
- Active
- MLS® Num:
- A2242657
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 703 sq. ft.65 m2
Welcome to London at Heritage Station, an ideal location for young urban professionals. London offers excellent convenience with direct access through the parkade to Save-On-Foods, Starbucks, Pet-Value and more at the "Shops at Heritage" right next door. Heritage LRT Station is a 10-minute walk, providing quick and easy transit access. Calgary's excellent pathway system is easily accessible for outdoor enthusiasts; Glenmore Reservoir and Fish Creek Park are just a few of the numerous options for recreation. Major shopping centres, such as Deerfoot Meadows, Chinook, and South Centre Malls, as well as Walmart and Superstore, are only minutes away, along with various restaurants, pubs, and amenities. This large 700+ sqft one-bedroom + Den unit features a well-appointed kitchen and plenty of cabinet space. The Granite peninsula is perfect for casual dining or meal prep. The in-suite laundry room also offers a stacked washer & dryer, allowing for extra storage. A large living area makes entertaining a breeze, and if you need additional space, the rooftop terrace and sunroom are easily accessible in the 17th-floor unit. The balcony offers views over south Calgary and a gas line for easy barbecuing. The unit includes one unassigned parking stall in the heated parkade and access to bike storage on the main level. Dedicated concierge service, 24-hour security, and three high-speed elevators. It is ideal for first-time home buyers or investors seeking rental properties. More detailsListed by eXp Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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128 Cramond Crescent SE in Calgary: Cranston Detached for sale : MLS®# A2241389
128 Cramond Crescent SE Cranston Calgary T3M 1B8 $597,000Residential- Status:
- Active
- MLS® Num:
- A2241389
- Bedrooms:
- 2
- Bathrooms:
- 3
- Floor Area:
- 854 sq. ft.79 m2
Welcome to128 Cramond Crescent SE in the highly sought-after community of Cranston. This extraordinary, well cared for bi-level home is situated on a south facing, 4327 square foot CORNER LOT with no sidewalks to shovel and quick access in and out of Cranston. The home boasts 1567 square feet of developed living space, two large bedrooms, large office, two and a half baths and loads of updates and upgrades including: furnace (2023), shingles (2019), tankless hot water on demand (2018), central air conditioning, vaulted ceilings, Kinetico filtration system, soft water system, gas range, 4 piece ensuite, walk-in closet, insulated and heated double car garage, RV/additional parking pad, plenty of street parking, updated lighting, poured and stamped concrete walkways, multiple outside lounging areas, private corner lot with loads of natural sunlight…and the list goes on (please see supplementary document attached to the listing). Bi-level, corner lot homes in this condition with this many upgrades do not come along often! Cranston, is an award winning community known for its proximity to amenities such as parks, shopping, schools, South Health Campus hospital and dining and entertainment options. It also provides for easy access to Stoney, Deerfoot and Macleod Trail. More detailsListed by RE/MAX Realty Professionals- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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652 Quarry Way SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2242046
652 Quarry Way SE Douglasdale/Glen Calgary T2C 5H6 $1,190,000Residential- Status:
- Active
- MLS® Num:
- A2242046
- Bedrooms:
- 4
- Bathrooms:
- 4
- Floor Area:
- 2,656 sq. ft.247 m2
OPEN HOUSE SUNDAY JULY 27 NOON-2PM!! Welcome to Luxury Living in Quarry Park! This exceptional, custom-designed home offers over 3,500 sq. ft. of beautifully finished living space, including a fully developed basement and a truly impressive dream garage—complete with running water, forced air heating, high ceilings, epoxy floors, and extra built-in storage. From the moment you step inside, you’re greeted by warm Tuscan-inspired tones and rich hardwood flooring that flows throughout the main and upper levels. The chef’s kitchen is a showstopper, featuring a sprawling island, granite countertops, upgraded appliances, and a custom pantry outfitted with power and built-ins. Perfect for entertaining, the adjoining dining area includes a built-in bar and storage, while the living room boasts vaulted ceilings, a stunning stone fireplace, and oversized windows overlooking the lush, private backyard. Step outside to your own outdoor paradise—complete with a covered deck (with gas line for BBQ), tranquil water feature, gas firepit, gazebo, irrigation system, ambient lighting, and direct access to greenspace for enhanced privacy. A rare find, the main floor also includes a dedicated hot tub room designed for year-round enjoyment. Upstairs, you’ll discover three spacious bedrooms, a large bonus/media room, upper laundry, and two private balconies. The serene primary suite offers a personal balcony overlooking the backyard, a spa-like ensuite with heated flooring, and a walk-in closet with custom built-ins. Downstairs, the fully finished basement is the ultimate hangout zone—featuring a stylish wet bar, wine room, surround-sound theatre/media space, and a fourth bedroom alongside a sleek 3-piece bathroom. Additional upgrades include: Lutron motorized window shades, triple-pane windows, Gemstone lighting, built-in speakers throughout including outside and a custom garden shed with power. Just steps from the Bow River Pathway and close to Carburn Park, Quarry Park Market, and major roadways like Deerfoot, Glenmore, 24th, and 18th—this one-of-a-kind property blends high-end features with unbeatable location and lifestyle. More detailsListed by Real Broker- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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96 Everridge Way SW in Calgary: Evergreen Detached for sale : MLS®# A2242546
96 Everridge Way SW Evergreen Calgary T2Y 4S9 $558,800Residential- Status:
- Active
- MLS® Num:
- A2242546
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,324 sq. ft.123 m2
This 1,900 sq.ft of Total living space, well maintained family home is located in desirable and Secure SW area of Evergreen. The main floor has open concept with spacious living room for the family and friend to gather. Kitchen offers large island with raised breakfast bar, ample maple cabinets and bright, roomy dining nook. The Patio door leads to a sunny private patio and concrete pad ready for your future double garage. Upstairs you will find three bedrooms and 4-piece bathroom. The primary bedroom has a large closet and a full 4-piece ensuite. Basement is fully finished with huge family and recreation room and has a potential for a 4th bedroom. This amazing house is close to bus stop that will connect you to c-train, public and private schools and shopping. Great place, Just move in and Enjoy the Summer. More detailsListed by MaxWell Capital Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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728 200 Brookpark Drive SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2242726
728 200 Brookpark Drive SW Braeside Calgary T2W 3E5 $299,900Residential- Status:
- Active
- MLS® Num:
- A2242726
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 1,050 sq. ft.98 m2
Affordable, Stylish & Ideally Located - This Braeside Townhouse Is a Must-See! Welcome to an incredible opportunity to own a nicely updated 2 bed / 1 bath townhouse in the established and highly accessible community of Braeside SW — all for an amazing price and low condo fees! This bright and inviting home offers park views, an open-concept layout, and large windows that floods the space with natural light. You’ll love the upgraded kitchen with gorgeous backsplash, and rich wooden countertops that bring warmth and style to the space. With durable laminate flooring throughout the main level and a smart, functional floor plan, this home is move-in ready. The location is unbeatable — just steps from shopping, dining, transit, and everyday conveniences. Quick access to Anderson Road and Stoney Trail makes commuting around the city a breeze. This home offers exceptional value in a well-established neighbourhood. At this price, it won't last long! More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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305 135 Belmont Passage SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2242757
305 135 Belmont Passage SW Belmont Calgary T2X 5X4 $489,900Residential- Status:
- Active
- MLS® Num:
- A2242757
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 1,644 sq. ft.153 m2
Welcome to this stunning, NEVER OCCUPIED townhome in the highly desirable, master-planned community of Belmont—offering the perfect blend of modern luxury, lock-and-leave convenience, and an exceptional value proposition highlighted by ultra-low condo fees of just $274.20/month. Ideally located with quick access to Stoney Trail, top-rated schools, emerging commercial developments, and scenic walking paths, this pristine home also puts you just a short drive from Bragg Creek and Banff National Park escapes. This brand-new, move-in ready home features 4 bedrooms, 3 full bathrooms, and an attached double garage—perfect for hassle-free mornings. The versatile lower level includes a flexible fourth bedroom or office space (ideal for guests, home gym, or remote work) and garage access. Upstairs, the bright and airy main floor showcases a spacious open-concept layout flooded with natural light, featuring a chef-inspired kitchen with a huge central island, upgraded quartz countertops, premium stainless steel appliances, and generous living/dining areas flowing seamlessly onto a massive West-facing balcony—your perfect spot to enjoy those beautiful evening sunsets . A convenient 2-piece bathroom completes this level. Walk up to the upper level featuring a private primary suite with a spacious walk-in closet and 4-piece ensuite, two additional well-sized bedrooms, a full 4-piece bathroom, and upstairs laundry for ultimate convenience. Your guests will enjoy the ample visitor parking, street parking, and a beautifully maintained central courtyard within the complex. This home truly checks all the boxes: immaculate condition (never lived in!), modern finishes, functional layout, prime SW Calgary location, and significant appreciation potential in booming Belmont. A sound investment with builder's warranty included—don't miss this must-see opportunity! Book your exclusive showing today! More detailsListed by LPT Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
632 55 Street SE Penbrooke Meadows Calgary T2A 3R6 $500,000Residential- Status:
- Active
- MLS® Num:
- A2242804
- Bedrooms:
- 7
- Bathrooms:
- 3
- Floor Area:
- 1,188 sq. ft.110 m2
Investor Alert & Family Gem – Live In, Rent Out, or Flip! At $500,000, this home offers strong value compared to renovated homes in Penbrooke Meadows that have recently sold for around $650,000. Welcome to 632 55 St SE—a spacious 7-bedroom home offering exceptional income potential and redevelopment upside. Whether you're looking to build long-term wealth through rental cash flow or flip and resell for high profit, this is the kind of opportunity investors dream of. The main floor features a bright, open-concept layout with 3 bedrooms and 2 full bathrooms—ideal for family living or attracting quality tenants. Large windows let the sunlight pour in, creating a warm, inviting space that flows effortlessly from room to room. The fully finished basement includes a 3-bedroom illegal suite with a separate entrance, previously rented for $1,800/month—a proven income generator. The converted garage adds even more value as a 7th bedroom with a private entrance, also previously rented for $800/month. Prefer a garage instead? It can easily be converted back to a single attached garage. While many major upgrades have already been taken care of, a little TLC will go a long way—perfect for those looking to add value and boost returns. Recent Upgrades Include: Electrical wiring upgraded to Copper (City-inspected and approved), New electrical meter (City-inspected and approved), All new LED lighting throughout, Six windows replaced in the last 1–2 years, Ceramic & luxury vinyl plank flooring (installed approx. 1–2 years ago), Roof replaced approx. 4–5 years ago. Zoned R-CG = Even More Potential!! This highly flexible zoning allows for future development, legal suites, or increased density—ideal for forward-thinking investors. The sunny yard, mature trees, and Back Lane Access provide space to Build a Brand-New Double Detached Garage to further boost property value. Prime Location Situated close to schools, parks, shopping (Penbrooke Plaza), and offering fast access to 17th Ave, Memorial Drive, Stoney Trail, and Deerfoot Trail, this home is perfectly positioned to attract reliable tenants and maximize rental demand. Highlights: 7 total bedrooms, Fully separate basement suite, Converted garage = bonus income or easy garage conversion, Updated major systems: electrical, roof, flooring, windows, Zoned R-CG for redevelopment and expansion, Proven rental income + strong cash flow potential, Perfect for flipping or long-term holding. Whether you want to cash flow from day one, renovate and resell, or redevelop for greater upside, this property has the bones, location, and numbers to make it work. Don’t wait—book your private showing today and unlock the potential of 632 55 St SE! More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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173 New Brighton Walk in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2240888
173 New Brighton Walk New Brighton Calgary T2Z 5C7 $405,000Residential- Status:
- Active
- MLS® Num:
- A2240888
- Bedrooms:
- 2
- Bathrooms:
- 3
- Floor Area:
- 1,218 sq. ft.113 m2
Welcome to the highly sought-after Elements complex in New Brighton! This FULLY UPGRADED 2-BEDROOM, 2.5-BATH TOWNHOME features DUAL PRIMARY SUITES with WALK-IN CLOSETS and DESIGNER ENSUITES, complete with PREMIUM FINISHES. Enjoy the convenience of an OVERSIZED SINGLE GARAGE, a SUNNY SOUTH-FACING BACKYARD, and LOW-MAINTENANCE LIVING in a vibrant community with access to the NEW BRIGHTON CLUBHOUSE athletic park, 20-acre CENTRAL PARK, and POND. Located close to SCHOOLS, SHOPPING, and MAJOR ROADWAYS—this is a home you don’t want to miss! More detailsListed by eXp Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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65 Klamath Place SW in Calgary: Kingsland Detached for sale : MLS®# A2241139
65 Klamath Place SW Kingsland Calgary T2V 2J4 $750,000Residential- Status:
- Active
- MLS® Num:
- A2241139
- Bedrooms:
- 5
- Bathrooms:
- 3
- Floor Area:
- 1,120 sq. ft.104 m2
Welcome to this stunningly renovated 1,120 sq ft bungalow nestled on a quiet street in the heart of Kingsland. This move-in-ready gem offers 5 bedrooms, 2.5 bathrooms, and a Fully finished basement with a private separate entrance offers versatile space for extended family, home office, or independent living arrangements. Step inside the bright and airy main level, where you’ll find an open-concept layout featuring a modern kitchen with sleek quartz countertops, custom cabinetry, and premium finishes throughout. Three spacious bedrooms and a beautifully updated bathroom complete the main floor. Downstairs, the lower level impresses with 2 additional bedrooms, a full second kitchen, a large living area, and its own entrance, professionally renovated to the highest standards for comfort and style. Car lovers and hobbyists will appreciate the oversized double detached garage plus a front attached single garage.. A long extended driveway offers ample off-street parking with plenty of room for an RV, a rare find in the inner city. Situated on a generous 60' x 100' lot, the home features a sunny, south-facing backyard that offers privacy and is perfect for relaxing, entertaining, or enjoying all-day sun. Located close to top-rated schools, Chinook Centre, Rockyview Hospital, downtown, and all major routes, this home combines lifestyle and location in one perfect package. Don’t miss your chance to own a fully updated home in one of Calgary’s most convenient communities, just move in and enjoy. More detailsListed by eXp Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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192 Somerglen Common SW in Calgary: Somerset Detached for sale : MLS®# A2241649
192 Somerglen Common SW Somerset Calgary T2Y 4E8 $629,900Residential- Status:
- Active
- MLS® Num:
- A2241649
- Bedrooms:
- 3
- Bathrooms:
- 4
- Floor Area:
- 1,450 sq. ft.135 m2
Welcome to this exceptional 3-bedroom, 3.5-bathroom home located in the desirable community of Somerset. Offering over 1,700 square feet of developed living space across 3 levels, this property offers comfort and a functional layout in a family-friendly setting. The main level features a bright and open south facing layout that is perfect for both everyday living and entertaining. A cozy gas fireplace anchors the living area, while the spacious kitchen provides ample cabinetry and room. Upstairs, you will find three well sized bedrooms including a generous primary suite with a private ensuite bathroom and walk in closet. The fully finished basement adds valuable living space and includes a second fireplace, home theatre hookups, and a full bathroom with heated floors. This area is ideal for movie nights, a home office, or guest accommodations. Additional features include a central vacuum, a security system, and an attached two-car garage. Step outside to enjoy a large, private, and beautifully landscaped backyard that offers the perfect place to enjoy summer evening with friends and family. Recent maintenance includes a new roof and vinyl siding completed just three years ago, ensuring peace of mind for years to come. This home is move-in ready, it’s been freshly professionally touched up, repainted, and cleaned. It’s located in a wonderful community, close to schools, parks, tennis courts, basketball courts, shopping, public transit and a WATERPARK! The LRT is a short 15min walk away making it easy for commmute throughout the city. It is a rare opportunity to own a meticulously maintained family home in Somerset. Schedule your private showing today and experience everything this wonderful home has to offer. More detailsListed by Comox Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com

Featured Listing
