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

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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|Hounsfield Heights/Briar Hill

BUNGALOWS FOR SALE IN CAPITOL HILL CALGARY

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  • 1419 22 Avenue NW in Calgary: Capitol Hill Detached for sale : MLS®# A2206822

    1419 22 Avenue NW Capitol Hill Calgary T2M 1P9
    Main Photo: 1419 22 Avenue NW in Calgary: Capitol Hill Detached for sale : MLS®# A2206822

    1419 22 Avenue NW Calgary T2M 1P9 Capitol Hill

    $1,575,000
    Residential
    Status:
    Active
    MLS® Num:
    A2206822
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,774 sq. ft.
    NEW PRICE! OPEN HOUSE: Saturday, May 24: 1-4:00pm! BRAND NEW EXECUTIIVE BUNGALOW! This is a very rare opportunity to own a brand-new, 1,774 square foot inner-city bungalow situated on a 41' x 120' lot just steps from Confederation Park. Located on a quiet, tree-lined street in Capitol Hill, this masterfully designed home by Buci's Homes features a sunny, south-facing rear yard and an incredible open floor plan with undeniable grandeur. The home boasts massive 12-foot ceilings with a 14-foot vaulted section that showcases a stunning fireplace, expansive windows, and a spacious living area. Thoughtful architectural details include beamed ceilings, ultra-modern LED lighting, warm wood-toned built-ins, engineered hardwood flooring throughout, and central air conditioning to keep you comfortable year-round. The main floor's primary suite is a luxurious retreat featuring a large walk-in closet and a spa-like en-suite complete with a soaker tub, steam shower, heated tile floors, and dual vanities. The chef-inspired kitchen is designed for both functionality and style, offering stainless steel appliances, including a gas cooktop stove, built-in wall oven and microwave, and a large-format fridge/freezer combo. The centerpiece is a waterfall quartz island with extra storage, complemented by a walk-through butler’s pantry that also houses the laundry room for added convenience. The bright and open basement is an entertainer's dream, featuring media built-ins, a wet bar, a games area, two spacious bedrooms, a full bath, and plenty of storage space. It is also roughed-in for in-floor heating and central vacuum to enhance your living experience. With its meticulous design and premium finishes, this custom home must be seen to be fully appreciated. Schedule your private tour today and experience this extraordinary property for yourself! More details
    Listed by RE/MAX First
    LISTING DETAILS

  • 1804 18 Avenue NW in Calgary: Capitol Hill Detached for sale : MLS®# A2207781

    1804 18 Avenue NW Capitol Hill Calgary T2M 0X5
    Main Photo: 1804 18 Avenue NW in Calgary: Capitol Hill Detached for sale : MLS®# A2207781

    1804 18 Avenue NW Calgary T2M 0X5 Capitol Hill

    $850,000
    Residential
    Status:
    Active
    MLS® Num:
    A2207781
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    835 sq. ft.
    CORNER LOT in Capitol Hill! DP APPROVED & Ready to Build: Prime 3-PLEX with Legal Basement Suites or 4-Plex with Upzone to HGO. Discover this beautiful CORNER LOT situated on a quiet street in Capitol Hill, perfect for a multi-family development. This property is MLI-SELECT eligible and comes with development permits already APPROVED, saving you both time and money on your project. With plans for 6 LEGAL SUITES, this location is highly desirable and conveniently close to LRT/transit, 16 Ave, SAIT, the University of Calgary, and Foothills Hospital, also making for a quick commute downtown. Plans available upon request! Currently, the property features a 2-bedroom bungalow with a 1-bedroom LEGAL suite. With a little TLC, the main floor, legal suite, and double detached garage can provide good rental income for buyers looking to hold the property long-term. Additionally, this property has potential as a HGO candidate due to its prime location, which would allow for increased density (ie. 4-Plex + Legal Basement Suites). Don’t miss out on this fantastic investment opportunity! More details
    Listed by Real Broker
    LISTING DETAILS

  • 2531 17A Street NW in Calgary: Capitol Hill Detached for sale : MLS®# A2214153

    2531 17A Street NW Capitol Hill Calgary T2M 3S7
    Main Photo: 2531 17A Street NW in Calgary: Capitol Hill Detached for sale : MLS®# A2214153

    2531 17A Street NW Calgary T2M 3S7 Capitol Hill

    $789,900
    Residential
    Status:
    Active
    MLS® Num:
    A2214153
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    952 sq. ft.
    Corner lot is ideally located in Capitol Hill. A five minute walk to Canmore Park, Confederation Golf Course & Walking/Bike paths. The home has 3 bedrooms up and a illegal 2 bedroom suite down. Long term tenants have been in the property and they would like to stay. Zoning on the lot is RCG so it is a perfect lot for future redevelopment (Town Homes, Side by Side Duplex) The bungalow features a newer furnace, newer roof on house, new garage door and opener. The house is in need of some major TLC down and is being sold "as is". Private fenced west backyard. Great holding property for Builder's & Investor's with income stream! More details
    Listed by Royal LePage Mission Real Estate
    LISTING DETAILS

  • 1515 24 Avenue NW in Calgary: Capitol Hill Semi Detached (Half Duplex) for sale : MLS®# A2214462

    1515 24 Avenue NW Capitol Hill Calgary T2M 1Y5
    Main Photo: 1515 24 Avenue NW in Calgary: Capitol Hill Semi Detached (Half Duplex) for sale : MLS®# A2214462

    1515 24 Avenue NW Calgary T2M 1Y5 Capitol Hill

    $549,999
    Residential
    Status:
    Active
    MLS® Num:
    A2214462
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,018 sq. ft.
    BANKRUPTCY SALE!!! This bright and spacious home offers stunning views of the Confederation Golf Course. The open main floor features a large living room and a dining area, creating an inviting space for relaxation and entertaining. The kitchen is well-equipped with plenty of cabinet space, making meal preparation a breeze. Two comfortable bedrooms and a full bathroom complete the main level. The fully finished basement provides additional living space with a private third bedroom, a large recreation room with a cozy gas fireplace, that could be used for a kids’ playroom or for hosting your friends or family. There is also a dedicated laundry area, a cold-storage pantry, and a large storage room for seasonal items or extra belongings. PLEASE NOTE, THE WINDOW IN THE BASEMENT BEDROOM IS NOT EGRESS. The south-facing yard fills the home with natural light and offers a perfect space for outdoor activities. Located just minutes from shopping, restaurants, schools, parks, and public transit, this home is also close to SAIT, the University of Calgary, and other key amenities, providing the perfect blend of convenience and peaceful living. Experience it in person, Schedule your showing today! More details
    Listed by Greater Property Group
    LISTING DETAILS
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Data was last updated May 28, 2025 at 08:05 AM (UTC)
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
Cell: 403-397-3706