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.

Forgot password Extend Verify Contact

107 40 Avenue NE
Highland Park Calgary T2E 2M6

$1,499,888
Residential beds: 3 baths: 4.0 1,228 sq. ft. built: 1910

Rendering showing a proposed development
Photo 1: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 2: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 3: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 4: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 5: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 6: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 7: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 8: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 9: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 10: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 11: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 12: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 13: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 14: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 15: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 16: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Photo 17: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2208101
Bedrooms:
3
Bathrooms:
4
Year Built:
1910
HOUSE BEING SOLD "AS IS WHERE IS" , land value. Located in mature community of Highland park, this corner lot is zoned as M-H1, multi-residential with main floor commercial development, allowing up to a maximum of 8 stories( 26 m) in height, and would offer stunning views, including of downtown. This location is considered a traffic collector/corner lot ( TRC/CRL) in City property details, and is next to location of future GREEN LINE LRT. Multiple buses including bus to AIRPORT are close by. Strategically located to local landmarks, shopping, schools, playgrounds, restaurants, and more residential and commercial amenities, as well as easy access to City downtown core. INVESTORS/BUILDERS/DEVELOPERS, don't miss out on this fantastic opportunity.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
1,228.44 sq. ft.
Main Level Finished Area:
1,228.44 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
890.51 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,824 sq. ft.
Lot Frontage:
120'¼"
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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Levels:
One
Total Rooms Above Grade:
4
Year built:
1910 (Age: 115)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
3674S
Heating:
Forced Air, Natural Gas
Basement:
Full, Suite, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Oversized, Parking Pad
Parking Places:
5
Parking Total/Covered:
5 / -
Laundry Features:
See Remarks
Highland Park (Calgary)
See Remarks
N/A
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
17'5" × 13'6"
Main Floor
Bedroom - Primary
18'8" × 13'2"
Main Floor
Living Room
25'6" × 16'3"
Main Floor
Bedroom
11'2" × 10'
Lower Level
Kitchen
12'5" × 11'3"
Lower Level
Game Room
13'3" × 12'10"
Lower Level
Bedroom
12' × 9'1"
Lower Level
Laundry
13'2" × 9'4"
Lower Level
Furnace/Utility Room
10'10" × 9'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Main Floor
No
2
0' x 0'
Lower Level
No
3
0' x 0'
Lower Level
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Other, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
See Remarks
Exterior Features:
Balcony, Playground
Patio And Porch Features:
Balcony(s)
Lot Features:
Back Lane, Corner Lot, Front Yard, Many Trees, Rectangular Lot, Sloped
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-H1
Listed Date:
Apr 08, 2025
Days on Mkt:
  • Photo 1: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Rendering showing a proposed development
  • Photo 2: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 2 of 17
  • Photo 3: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 3 of 17
  • Photo 4: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 4 of 17
  • Photo 5: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 5 of 17
  • Photo 6: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 6 of 17
  • Photo 7: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 7 of 17
  • Photo 8: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 8 of 17
  • Photo 9: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 9 of 17
  • Photo 10: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 10 of 17
  • Photo 11: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 11 of 17
  • Photo 12: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 12 of 17
  • Photo 13: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Entrance to main floor, and location of lock box
  • Photo 14: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 14 of 17
  • Photo 15: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 15 of 17
  • Photo 16: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 16 of 17
  • Photo 17: 107 40 Avenue NE in Calgary: Highland Park Detached for sale : MLS®# A2208101
    Photo 17 of 17
Listed by Royal LePage Benchmark
Data was last updated June 2, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$680,000
Min list price:
$245,000
Max list price:
$1,499,888
Avg days on market:
33
Min days on market:
2
Max days on market:
262
Avg price per sq.ft.:
$578.33
These statistics are generated based on the current listing's property type and located in Highland Park. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706