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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332 Lysander Place SE
Ogden Calgary T2C 1M1

$565,000
Residential beds: 3 baths: 2.0 945 sq. ft. built: 1974

Main Photo: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
Photo 1: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
Photo 2: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
Photo 3: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
Photo 4: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
Photo 5: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
Photo 6: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
Photo 7: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
Photo 8: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
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Photo 41: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
Photo 42: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
Photo 43: 332 Lysander Place SE in Calgary: Ogden Detached for sale : MLS®# A2243375
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2243375
Bedrooms:
3
Bathrooms:
2
Year Built:
1974
Nestled in the beautiful community of upper-Ogden known as Lynwood & sitting at the very end of a peaceful Cul-de-sac, you’ll find this charming QUALITY RENOVATED Bi-level waiting for its next owners. With it’s bright south facing exposure you’ll love how this home completely fills will natural daylight, emphasized by it’s bright & modern colour palette with NEW paint, NEW crisp white baseboards & trim, and NEW laminate flooring throughout. The upper level living area offers an open-concept layout, with a refreshing feeling of space & the ability to expand seating in the dining area as needed. The kitchen has been completely updated with white quartz counters, a classic subway tile backsplash, floating shelves, under-mount composite sink, & all new cabinets & hardware. The back doorway gives convenient access to the backyard & also doubles as a pantry space. Down the hall, the 4-piece bathroom has also undergone a full renovation consistent with the kitchen, using he same sleek quartz countertop with under-mount sink, new toilet, & more of that timeless subway tile surrounding the bathtub & shower. You’ll notice that all the lighting in this home has also been updated to flush-mounted LED’s. Two spacious bedrooms are found on this level, one facing the front & one facing the backyard & each one having enough space to accommodate a king size bed. Downstairs, the lower level has received much of the same treatment as above. Here you’ll find a 3rd bedroom, also generous in size as well as an updated 2-piece bathroom just steps away. This basement living area offers a huge space that can easily work as a living room, exercise/games room or even 4th bedroom space if needed. Take a peek in the utility room & take note of the new High Efficiency Furnace, Hot Water tank, washer & dryer, as well as plenty of storage space still left to be used. Outside, you’ll notice nearly all the windows except the living room have been changed to modern vinyl units, & the roof shingles are only 6 years old. A freshly poured concrete front walkway leads around to the driveway (long enough to fit 3 vehicles) leading to the oversized single car garage. This space is currently being used as a workshop with a wood burning stove, but can easily be removed & used for parking as well. The backyard is a true oasis that’s surrounded by trees & the backyards of the neighbours, a perfect setting to enjoy your own fire pit. Important to note that with no back alley this is an extremely secure & safe yard. Finally, Lynwood benefits from an ideal central location not only close to major roads such as Glenmore, Deerfoot Tr, Blackfoot Tr & Ogden Road, making trips to work a breeze. Just steps away to the west you’ll find the gorgeous walking paths overlooking & running along the Bow River, & a kids playground is found in the next cul-de-sac to the east. Take a moment to come visit & you’re sure to be impressed with this beautiful home & all it has to offer!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level
Total Living Area:
945 sq. ft.
Main Level Finished Area:
945 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
801 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,251 sq. ft.
Lot Frontage:
50'
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:
Bi-Level
Total Rooms Above Grade:
5
Year built:
1974 (Age: 51)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
731388
Heating:
High Efficiency, Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
1
Parking:
Garage Door Opener, Garage Faces Front, Gravel Driveway, Heated Garage, Off Street, Single Garage Detached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
Ogden
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer, Window Coverings
NA
Airspace Restriction, Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Living Room
14'9" × 12'7"
Main Floor
Kitchen
10'11" × 8'11"
Main Floor
Dining Room
8'8" × 6'
Main Floor
Bedroom - Primary
13' × 12'
Main Floor
Bedroom
12' × 10'5"
Basement
Bedroom
12'8" × 11'11"
Basement
Family Room
13'3" × 11'4"
Basement
Game Room
12'10" × 11'5"
Basement
Furnace/Utility Room
15'6" × 12'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 10'5"
Basement
No
2
4' x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Quartz Counters
Exterior Features:
Private Yard
Patio And Porch Features:
Patio
Lot Features:
Back Yard, Cul-De-Sac, Level, Private, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-CG
Listed Date:
Jul 25, 2025
Days on Mkt:
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Listed by Stonemere Real Estate Solutions
Data was last updated August 4, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$559,900
Min list price:
$319,999
Max list price:
$779,900
Avg days on market:
45
Min days on market:
1
Max days on market:
404
Avg price per sq.ft.:
$546.93
These statistics are generated based on the current listing's property type and located in Ogden. 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