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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618 4138 University Avenue NW
University District Calgary T3B 6L4

$375,000
Residential beds: 1 baths: 1.0 499 sq. ft. built: 2020

Main Photo: 618 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2226159
Photo 1: 618 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2226159
Photo 2: 618 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2226159
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2226159
Bedrooms:
1
Bathrooms:
1
Year Built:
2020
This top floor unit offers premium finishes with an amazing combination of modern upgrades, thoughtful design, and an outstanding location. With high ceilings and an open-concept layout, the space feels bright and expansive. The kitchen is a standout with quartz countertops, stainless steel appliances, and ceiling-height cabinetry that maximizes storage. Adjacent to the kitchen, the eating nook provides the perfect spot for a dining table, creating a comfortable and inviting place to enjoy meals. The open flow into the living room enhances the spacious feel, making it ideal for entertaining or relaxing. Step outside onto the private deck, where a built-in storage unit keeps essentials neatly tucked away. Pigeon netting has been installed for added cleanliness, and a gas BBQ is included—perfect for enjoying outdoor cooking year-round. The primary bedroom is a true retreat, featuring a custom-designed walk-in closet with beautiful built-ins and a well-appointed 3-piece bathroom with a standalone shower. Additional conveniences include air conditioning, in-unit laundry, a titled parking stall, and a private storage cage in the parkade. With its premium finishes, top-floor privacy, and thoughtful upgrades, this home is a perfect blend of comfort and practicality.
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:
499 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$369.32
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, 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:
Southeast
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northwest
Floor Location:
Top
Entry Level:
1
Stories Total:
6
Levels:
Single Level Unit
End Unit:
No One Below
Total Rooms Above Grade:
3
Year built:
2020 (Age: 5)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2011323
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Composite Siding
Structure Type:
High Rise (5+ stories)
Ensuite:
No
Flooring:
Tile, Vinyl Plank
Cooling:
Sep. HVAC Units
Fireplaces:
0
Garage:
0
Parking:
Parkade
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
University District
Party Room, Secured Parking, Visitor Parking
Dishwasher, Dryer, Microwave Hood Fan, Oven, Refrigerator, Stove(s), Washer, Window Coverings
BBQ
Board Approval
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
10' × 8'5"
Main Floor
Kitchen With Eating Area
13'4" × 9'7"
Main Floor
Bedroom - Primary
11' × 9'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
0' x 0'
Title to Land:
Leasehold
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Closet Organizers, Open Floorplan, Quartz Counters, Storage, Walk-In Closet(s)
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
DC
Listed Date:
May 30, 2025
Days on Mkt:
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Listed by RE/MAX First
Data was last updated June 20, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$499,900
Min list price:
$325,000
Max list price:
$1,439,900
Avg days on market:
42
Min days on market:
2
Max days on market:
135
Avg price per sq.ft.:
$688.82
These statistics are generated based on the current listing's property type and located in University District. Average values are derived using median calculations.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA