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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8308 Bowness Road NW
Bowness Calgary T3B 0H6

$875,000
Residential beds: 2 baths: 2.0 968 sq. ft. built: 1957

Main Photo: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 1: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 2: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 3: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 4: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 5: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 6: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 7: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 8: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 9: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 10: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 11: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 12: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 13: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 14: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Photo 15: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2221629
Bedrooms:
2
Bathrooms:
2
Year Built:
1957
ATTENTION BUILDERS & INVESTORS!! PRIME 10 UNIT DP APPROVED MULTI-FAMILY DEVELOPMENT OPPORTUNITY | This development qualifies for CMHC’s MLI Select program, making it eligible for up to 50-year amortization and as little as 5% down—an attractive financing option for maximizing ROI. Exceptional opportunity for investors and developers—this DP-approved multi-family site in the heart of Bowness is ready to build and primed for success. The project features five thoughtfully designed townhomes, each with a legal basement suite, offering a total of 10 income-generating units. Located on a rare 8,300+ square foot M-C1 reverse pie lot with 90 feet of frontage, this property combines size, zoning, and location to deliver outstanding potential. Unit sizes range from approximately 1,500 to 1,650 square feet spread over three storeys, each offering rooftop patios and unobstructed south-facing views of Canada Olympic Park. The inclusion of basement suites adds rental flexibility and significantly boosts revenue potential. Located close to public transit, shopping, Bowness Park, the River Pathway system, and the new Farmers Market West, this site offers not only convenience but a vibrant community lifestyle. Site plan and DP drawings are available upon request. An ideal opportunity to break ground this spring and capitalize on Calgary’s growing multi-family market.
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:
967.89 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
8,299 sq. ft.
Lot Frontage:
90'
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:
4
Year built:
1957 (Age: 68)
Bedrooms:
2 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2074HB
Heating:
Forced Air
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street
Parking Places:
3
Parking Total/Covered:
3 / -
Laundry Features:
In Basement
Bowness
Dishwasher, Electric Oven, Refrigerator
None
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
16'10" × 11'5"
Main Floor
Dining Room
11'5" × 10'10"
Main Floor
Living Room
17'10" × 11'9"
Main Floor
Bedroom - Primary
11'5" × 10'8"
Basement
Game Room
35'4" × 9'6"
Basement
Laundry
11'7" × 9'10"
Basement
Bedroom
9'10" × 9'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
7'10" x 5'5"
Basement
No
3
9'4" x 7'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Open Floorplan
Exterior Features:
Private Yard
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, Irregular Lot, Reverse Pie Shaped Lot
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
M-C1
Listed Date:
Jun 02, 2025
Days on Mkt:
  • Photo 1: 8308 Bowness Road NW in Calgary: Bowness Detached for sale : MLS®# A2221629
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Listed by Real Broker
Data was last updated June 27, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
57
Avg list price:
$724,900
Min list price:
$155,000
Max list price:
$1,650,000
Avg days on market:
24
Min days on market:
1
Max days on market:
238
Avg price per sq.ft.:
$523.84
These statistics are generated based on the current listing's property type and located in Bowness. 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