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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1127 Falworth Road NE
Falconridge Calgary T3J 1C8

$570,000
Residential beds: 4 baths: 2.0 1,155 sq. ft. built: 1979

Main Photo: 1127 Falworth Road NE in Calgary: Falconridge Detached for sale : MLS®# A2216519
Photo 1: 1127 Falworth Road NE in Calgary: Falconridge Detached for sale : MLS®# A2216519
Photo 2: 1127 Falworth Road NE in Calgary: Falconridge Detached for sale : MLS®# A2216519
Photo 3: 1127 Falworth Road NE in Calgary: Falconridge Detached for sale : MLS®# A2216519
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2216519
Bedrooms:
4
Bathrooms:
2
Year Built:
1979
Welcome to this immaculately maintained and truly beautiful home in the heart of Falconridge — complete with a legal suite and brimming with charm, space, and thoughtful updates. From the moment you arrive, you’ll notice how much care has gone into every detail, from the lush green landscaping and fruit trees to the raised garden beds, greenhouse, wide walkways, and two large decks — perfect for enjoying in the summer months . The main floor greets you with vaulted ceilings, a spacious entryway, and a warm, inviting living room with a cozy wood-burning fireplace. The dining area opens to a lovely balcony, and the bright kitchen offers abundant cabinetry, a central breakfast bar, pantry, and ample counter space. Upstairs you’ll find a generous primary bedroom with a walk-in closet, a comfortable second bedroom, and a full 4-piece bathroom. The lower level boasts a separate walkout entrance to the legal basement suite, the laundry area, two good-sized bedrooms, and lots of natural light. The living area is an open concept design with a perfect kitchen, living area and a spacious 3-piece bathroom and lots of storage throughout. Recent updates include: windows (2021), carpet (2021), and hot water heater (2021) , plus a high efficiency furnace making this home not only beautiful but move-in ready. Whether you’re looking for a great investment opportunity or a multigenerational home, this one is a must-see!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
4 Level Split
Total Living Area:
1,155.35 sq. ft.
Main Level Finished Area:
671.74 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,008.94 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,563 sq. ft.
Lot Frontage:
50'
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:
Northeast
Reg. Size:
Reg. Size Includes:
Levels:
4 Level Split
Total Rooms Above Grade:
6
Year built:
1979 (Age: 46)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
7811157
Heating:
High Efficiency, Forced Air
Basement:
Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Detached
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
Lower Level
Falconridge
Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
Fridge, stove in basement
None Known
Floor
Type
Size
Other
Main Floor
Foyer
12'5" × 8'1"
Main Floor
Living Room
15'10" × 14'
Main Floor
Dining Room
11'11" × 9'7"
Main Floor
Kitchen
13' × 12'7"
Upper Level
Bedroom
11'5" × 9'5"
Upper Level
Bedroom - Primary
14'10" × 13'9"
Basement
Game Room
19'5" × 18'9"
Basement
Kitchen
9'6" × 6'5"
Basement
Bedroom
10'6" × 10'5"
Basement
Bedroom
10'6" × 7'5"
Basement
Laundry
6'1" × 5'6"
Basement
Furnace/Utility Room
8'5" × 5'2"
Floor
Ensuite
Pieces
Other
Upper Level
No
4
10'3" x 6'1"
Basement
No
3
5'1" x 11'9"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Open Floorplan, Storage, Walk-In Closet(s)
Exterior Features:
Private Yard
Patio And Porch Features:
Patio
Lot Features:
Back Lane, Back Yard, Front Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-CG
Listed Date:
May 01, 2025
Days on Mkt:
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Listed by Diamond Realty & Associates LTD.
Data was last updated June 20, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$519,999
Min list price:
$299,900
Max list price:
$695,000
Avg days on market:
34
Min days on market:
3
Max days on market:
202
Avg price per sq.ft.:
$464.44
These statistics are generated based on the current listing's property type and located in Falconridge. 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