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 27380 Township Road 373
NONE Rural Red Deer County T4E 1P2

$949,900
Residential beds: 4 baths: 2.0 1,305 sq. ft. built: 1950

Main Photo: 20 27380 Township Road 373: Rural Red Deer County Detached for sale : MLS®# A2181988
Photo 1: 20 27380 Township Road 373: Rural Red Deer County Detached for sale : MLS®# A2181988
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Photo 24: 20 27380 Township Road 373: Rural Red Deer County Detached for sale : MLS®# A2181988
Photo 25: 20 27380 Township Road 373: Rural Red Deer County Detached for sale : MLS®# A2181988
Photo 26: 20 27380 Township Road 373: Rural Red Deer County Detached for sale : MLS®# A2181988
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2181988
Bedrooms:
4
Bathrooms:
2
Year Built:
1950
Opportunity knocks with this exceptional acreage that combines endless potential, versatility, and an unbeatable location with direct frontage to Highway 2A in Red Deer. Whether you're looking for a home-based business location, a family retreat, or a property with income potential, this is the chance you've been waiting for! The acreage features a detached home full of character and charm, offering the perfect canvas to customize and create your dream space. While it does require some TLC, the possibilities are truly limitless. Imagine turning this house into the home you've always envisioned, with the added benefit of peaceful acreage living just minutes from city amenities. Bring your horses and enjoy the freedom of country living on this well-appointed property. With plenty of space for animals, hobbies, and more. The true showstoppers here are the two expansive shops. These spaces are a dream for entrepreneurs, hobbyists, or anyone needing significant storage. With its prime location providing high visibility and direct highway access, this property is a golden opportunity for those looking to combine rural living with business or investment potential. Acreages like this, with so many possibilities, rarely come on the market. Don't miss out on this once-in-a-lifetime chance to secure your future—opportunities like this don't wait!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Acreage with Residence, Bungalow
Total Living Area:
1,305.15 sq. ft.
Main Level Finished Area:
940.41 sq. ft.
Upper Level Finished Area:
364.74 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
878.16 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Acreage:
Yes
Lot Area:
15.8 acre(s)
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:
Levels:
One and One Half
Total Rooms Above Grade:
6
Year built:
1950 (Age: 75)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
E PT
Heating:
Forced Air, Natural Gas
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate, Vinyl
Cooling:
None
Fireplaces:
0
Water Supply:
Well
Sewer:
Septic Field
Garage:
Yes
Garage Spaces:
10
Parking:
Gravel Driveway, Quad or More Attached, RV Garage
Laundry Features:
In Basement
NONE
Dishwasher, Refrigerator, Stove(s), Washer/Dryer
none
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
19'8" × 12'7"
Main Floor
Walk-In Closet
12'7" × 7'
Main Floor
Living Room
25'4" × 19'3"
Main Floor
Den
10'1" × 9'
Main Floor
Kitchen
13'8" × 10'10"
2nd Floor
Bedroom
13'6" × 10'7"
2nd Floor
Bedroom
13'6" × 10'6"
Lower Level
Bedroom
13'10" × 12'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
9'3" x 7'
Lower Level
No
3
12'8" x 6'9"
Title to Land:
Fee Simple
Community Features:
Other
Interior Features:
See Remarks
Exterior Features:
None
Patio And Porch Features:
Front Porch
Lot Features:
See Remarks, Treed
Num. of Parcels:
0
Outbuildings:
Other
Fencing:
Fenced
Nearest Town:
Red Deer
Region:
Red Deer County
Zoning:
AG
Listed Date:
Dec 06, 2024
Days on Mkt:
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Listed by RE/MAX real estate central alberta
Data was last updated August 31, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$799,000
Min list price:
$149,900
Max list price:
$3,900,000
Avg days on market:
92
Min days on market:
4
Max days on market:
443
Avg price per sq.ft.:
$439.39
These statistics are generated based on the current listing's property type and located in Rural Red Deer County. 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