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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5 2815 17 Street SW
South Calgary Calgary T2T 1G9

$410,000
Residential beds: 2 baths: 1.0 876 sq. ft. built: 1979

Main Photo: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 1: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 2: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 3: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 4: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 5: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 6: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 7: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 8: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 9: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 10: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 11: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 12: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 13: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Photo 14: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2233854
Bedrooms:
2
Bathrooms:
1
Year Built:
1979
This exceptionally well-maintained and stylishly upgraded condo offers an unbeatable opportunity to live in one of the city’s most sought-after neighborhoods. Featuring two spacious bedrooms—each large enough to comfortably fit a king-size bed and additional furnishings. The open-concept layout seamlessly connects the kitchen and living area, perfect for entertaining or relaxing after a busy day. Enjoy all the perks of downtown living at incredible value—close to transit, shops, dining, and green spaces. A rare find in today’s market!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment-Single Level Unit
Total Living Area:
876 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$580.00
Condo Fee Includes:
Gas, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
HOA Fee Includes:
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:
Unit Exposure:
South
Floor Location:
Below Grade
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1979 (Age: 46)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
1612065
Heating:
Baseboard
New Constr.:
No
Construction Material:
Concrete, Stucco, Wood Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Carpet, Ceramic Tile
Cooling:
Other
Fireplaces:
0
Garage:
No
Parking:
Stall
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Vive
South Calgary
None
Built-In Electric Range, Dishwasher, Microwave, Range Hood, Refrigerator, Washer/Dryer
n/a
Board Approval, Call Lister
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
12'2" × 10'5"
Main Floor
Breakfast Nook
7'5" × 5'1"
Main Floor
Laundry
6'7" × 3'11"
Main Floor
Storage
3'5" × 3'1"
Main Floor
Bedroom - Primary
15'7" × 9'4"
Main Floor
Kitchen
10' × 8'2"
Main Floor
Dining Room
13'11" × 7'10"
Main Floor
Walk-In Closet
4'5" × 3'8"
Main Floor
Walk-In Closet
4'7" × 3'7"
Main Floor
Bedroom
11'5" × 8'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6'7" x 8'1"
Title to Land:
Fee Simple
Community Features:
Other
Interior Features:
Bar, Dry Bar, Granite Counters, Track Lighting
Exterior Features:
Private Entrance
Patio And Porch Features:
Other
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C1
Listed Date:
Jul 02, 2025
Days on Mkt:
  • Photo 1: 5 2815 17 Street SW in Calgary: South Calgary Apartment for sale : MLS®# A2233854
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Listed by Keller Williams BOLD Realty
Data was last updated August 10, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$545,000
Min list price:
$230,000
Max list price:
$2,700,000
Avg days on market:
30
Min days on market:
2
Max days on market:
206
Avg price per sq.ft.:
$464.02
These statistics are generated based on the current listing's property type and located in South Calgary. 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