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.

Find Your Perfect Home in Southeast Calgary: Browse by Price Range

$200,000 - $375,000 $500,000 - $600,000 $800,000 - $900,000
$350,000 - $500,000 $600,000 - $700,000 $900,000 -
$400,000 - $500,000 $700,000 - $800,000 SW CALGARY HOMES FOR SALE

Explore Mahogany's Diverse Real Estate Offerings

MAHOGANY DETACHED HOMES FOR SALE MAHOGANY CONDOS FOR SALE 
MAHOGANY TOWNHOMES FOR SALE BUNGALOWS FOR SALE IN MAHOGANY

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.

Mahogany Homes for sale under $500,000 In Calgary, Alberta|Evanston
Forgot password Extend Verify Contact

503 Rivercrest View
Rivercrest Cochrane T4C 2W9

$999,999
Residential beds: 4 baths: 4.0 2,763 sq. ft. built: 2025

503 Rivercrest View
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2212262
Bedrooms:
4
Bathrooms:
4
Year Built:
2025
503 Rivercrest View Another Masterpiece by 3D Development LTD! VIEWS! CLASS! PRIDE! 3D Development LTD has done it AGAIN, and as always, they NEVER disappoint! We are beyond proud to present another absolute showstopper in the prestigious Rivercrest community. This stunning home is perched on a massive pie-shaped lot, offering panoramic, jaw-dropping views over Cochrane that you will never grow tired of. This isn’t just a house it’s the HOME you’ve been waiting for! From the moment you step inside, you'll feel the difference. This is quality you can touch, with over 2760 sq. ft. of beautifully crafted living space above grade, designed to bring comfort, elegance, and flexibility to your everyday life. Step through the front door and be WOWED by the grand open-to-above foyer with expansive windows that drench the space in natural light. As you move into the heart of the home, you’ll be struck speechless by the wall of windows and uninterrupted views from the living room. And just wait until you step onto the full-width balcony, your own personal lookout point over the river valley! The chef inspired kitchen is a true masterpiece, with a massive island, oversized butler’s pantry, and enough cabinetry to make any culinary enthusiast swoon. Whether you're entertaining or enjoying a quiet morning coffee, this kitchen will have you falling in love daily. Need room for the whole crew? We’ve got you covered! With 5 bedrooms total (including a main floor bedroom/den and full bath), this home offers ideal flexibility for multi generational living. Upstairs, you'll find FOUR generous bedrooms, including TWO with ensuites, Yes, TWO!. The primary suite is pure luxury with a spa like 5-piece ensuite, a walk-in closet, and a serene bonus/media room right next door. Your personal oasis! A spacious upper laundry room, another 5-piece bathroom shared by the additional bedrooms, and a beautiful bonus room with more incredible views top off the upper level in style. And let’s not forget the walkout basement, currently unfinished and full of potential. Whether you dream of a home theatre, gym, or games room, you’ve got a blank slate ready to go. Located in the highly sought after Rivercrest, you’re close to schools, pathways, parks, and only minutes to downtown Cochrane. This is modern living meets timeless design, in a location you’ll be proud to call home. Don’t blink! This beauty will be SWEPT OFF THE MARKET faster than you can say, “503 Rivercrest View is my new address!” Call Your Favorite Realtor Today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,762.59 sq. ft.
Main Level Finished Area:
1,225.46 sq. ft.
Upper Level Finished Area:
1,537.13 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
7,146 sq. ft.
Lot Frontage:
40'10"
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:
Southwest
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Levels:
Two
Total Rooms Above Grade:
9
Year built:
2025 (Age: 0)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
2410667
Heating:
Fireplace(s), Forced Air, Natural Gas
Basement:
Full, Unfinished, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
Yes
Garage Spaces:
2
Parking:
Concrete Driveway, Double Garage Attached, Driveway, Front Drive
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, See Remarks
HOA Fee:
$.00
Rivercrest
Built-In Oven, Dishwasher, Dryer, Electric Stove, Garage Control(s), Gas Cooktop, Microwave, Range Hood, Refrigerator, Washer
None
Architectural Guidelines, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Kitchen
13'1" × 11'3"
Main Floor
Living Room
14'6" × 13'7"
Main Floor
Dining Room
12'1" × 10'3"
Main Floor
Den
10'9" × 10'6"
2nd Floor
Bonus Room
13'3" × 13'3"
2nd Floor
Bedroom - Primary
14'5" × 13'6"
2nd Floor
Bedroom
14'3" × 13'7"
2nd Floor
Bedroom
13'9" × 12'3"
2nd Floor
Bedroom
12'6" × 11'2"
2nd Floor
Laundry
6'9" × 5'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 8'4"
2nd Floor
Yes
5
7'7" x 16'2"
2nd Floor
Yes
3
5'2" x 8'
2nd Floor
No
5
5' x 11'1"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Bathroom Rough-in, Breakfast Bar, Built-in Features, Closet Organizers, Double Vanity, High Ceilings, Jetted Tub, Kitchen Island, No Animal Home, No Smoking Home, Pantry, Quartz Counters, Separate Entrance, Soaking Tub, Storage, Walk-In Closet(s)
Exterior Features:
Lighting, Private Entrance
Patio And Porch Features:
Deck, Front Porch, See Remarks
Lot Features:
Back Yard, Backs on to Park/Green Space, Front Yard, Irregular Lot, No Neighbours Behind, Pie Shaped Lot, See Remarks, Views
Num. of Parcels:
0
Fencing:
None
Region:
Rocky View County
Zoning:
R-LD
Listed Date:
Apr 25, 2025
Days on Mkt:
  • Photo 1: 503 Rivercrest View: Cochrane Detached for sale : MLS®# A2212262
    503 Rivercrest View
Larger map options:
Larger map Satellite map Street View Walkscore
Listed by RE/MAX Landan Real Estate
Data was last updated August 7, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
299
Avg list price:
$649,900
Min list price:
$234,900
Max list price:
$1,599,000
Avg days on market:
43
Min days on market:
1
Max days on market:
250
Avg price per sq.ft.:
$355.13
These statistics are generated based on the current listing's property type and located in Cochrane. Average values are derived using median calculations. This data is not produced by the MLS® system.
Get market change alerts
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA