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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4904 22 Avenue NW
Montgomery Calgary T3B 0Y7

$500,000
Residential beds: 2 baths: 1.0 769 sq. ft. built: 1952

Lot if sold with 4908
Photo 1: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 2: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 3: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 4: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 5: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 6: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 7: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 8: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 9: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 10: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 11: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 12: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 13: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 14: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 15: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 16: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 17: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 18: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 19: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 20: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 21: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 22: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 23: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Photo 24: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2234266
Bedrooms:
2
Bathrooms:
1
Year Built:
1952
Double the Potential – Two Side-by-Side Lots can be Sold Together! This is a rare redevelopment opportunity you won’t want to miss—two adjacent properties being sold as one parcel, offering nearly 200 feet of combined frontage and over 9700 sq' of combined building area in a highly desirable inner-city location. These lots can be purchased together, making this a unique chance to secure a substantial footprint in one of Calgary’s most sought-after infill communities. With both the front and rear of the combined parcel facing main roads, the layout offers incredible flexibility for future planning. Located on an elevated street that already showcases many impressive new builds, this site is positioned to take full advantage of the surrounding views and long-term value. Prefer to hold for now? Each property is currently home to a well-maintained residence, featuring newer furnaces, hot water tanks, and roofs—ideal for minimizing unexpected costs. Plus, exceptional existing tenants are happy to stay, allowing for strong, steady rental income while you plan your next move. Opportunities like this don’t come around often. Secure your place in this thriving redevelopment pocket today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
769 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,928 sq. ft.
Lot Frontage:
30'
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
Total Rooms Above Grade:
5
Year built:
1952 (Age: 73)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
8010174
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Hardwood
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
1
Parking:
Single Garage Detached
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Montgomery
Dryer, Gas Stove, Refrigerator, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
11'10" × 9'2"
Main Floor
Bedroom
9'2" × 7'10"
Main Floor
Living Room
15'5" × 11'6"
Main Floor
Dining Room
15'5" × 11'6"
Main Floor
Kitchen
11'2" × 7'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
See Remarks
Exterior Features:
None
Patio And Porch Features:
None
Lot Features:
Irregular Lot, Pie Shaped Lot, See Remarks, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-CG
Listed Date:
Jun 25, 2025
Days on Mkt:
  • Photo 1: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
    Lot if sold with 4908
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  • Photo 23: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
    Lot if sold with 4908
  • Photo 24: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
    Lot if sold with 4908
Listed by LPT Realty
Data was last updated August 8, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$687,450
Min list price:
$312,900
Max list price:
$2,090,000
Avg days on market:
51
Min days on market:
1
Max days on market:
176
Avg price per sq.ft.:
$453.52
These statistics are generated based on the current listing's property type and located in Montgomery. 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