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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15307 1 Street SE
Midnapore Calgary T2X 2A2

$1,199,999
Residential beds: 3 baths: 1.0 727 sq. ft. built: 1958

Main Photo: 15307 1 Street SE in Calgary: Midnapore Detached for sale : MLS®# A2219690
Photo 1: 15307 1 Street SE in Calgary: Midnapore Detached for sale : MLS®# A2219690
Photo 2: 15307 1 Street SE in Calgary: Midnapore Detached for sale : MLS®# A2219690
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Photo 5: 15307 1 Street SE in Calgary: Midnapore Detached for sale : MLS®# A2219690
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Photo 20: 15307 1 Street SE in Calgary: Midnapore Detached for sale : MLS®# A2219690
Photo 21: 15307 1 Street SE in Calgary: Midnapore Detached for sale : MLS®# A2219690
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2219690
Bedrooms:
3
Bathrooms:
1
Year Built:
1958
Rare opportunity in Midnapore! Situated on a massive 75’ x 150’ lot (0.26 acres), 15307 1 Street SE offers incredible versatility and future potential. Currently zoned S-FUD, this property may offer opportunities for subdivision or rezoning—to be confirmed with the City of Calgary. Whether you're an investor, developer, or buyer looking to build your dream home, this lot provides exceptional value. The existing 1958 bungalow is maintained and offers 3 bedrooms, 1 bathroom, and a developed basement—perfect as a rental while planning your next steps. Located in one of Calgary’s most established lake communities, enjoy nearby amenities like Fish Creek Park, Shawnessy LRT, schools, and shopping. Don't miss your chance to secure a large parcel in a highly desirable area with long-term upside. Property is being sold as-is where-is.
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:
727.43 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
11,325 sq. ft.
Lot Frontage:
75'
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:
One
Total Rooms Above Grade:
4
Year built:
1958 (Age: 67)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
4571GP
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Driveway, RV Access/Parking, RV Gated, Single Garage Detached
Parking Places:
3
Parking Total/Covered:
3 / -
Laundry Features:
In Basement
Midnapore
Dryer, Refrigerator, Stove(s), Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
20'5" × 11'7"
Main Floor
Bedroom - Primary
11'7" × 10'5"
Main Floor
Bedroom
10'5" × 8'10"
Main Floor
Kitchen
11'9" × 11'4"
Basement
Storage
10'9" × 10'4"
Basement
Laundry
10'9" × 8'4"
Basement
Bedroom
11'2" × 10'9"
Basement
Game Room
30'1" × 11'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'10" x 7'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
No Smoking Home
Exterior Features:
Garden
Patio And Porch Features:
Deck, Patio
Lot Features:
Back Lane, Back Yard, Front Yard, Garden, Interior Lot, Landscaped, Lawn, Low Maintenance Landscape, Rectangular Lot
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone S
Zoning:
S-FUD
Listed Date:
May 18, 2025
Days on Mkt:
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Listed by eXp Realty
Data was last updated June 20, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$600,000
Min list price:
$429,900
Max list price:
$2,399,900
Avg days on market:
23
Min days on market:
1
Max days on market:
83
Avg price per sq.ft.:
$519.35
These statistics are generated based on the current listing's property type and located in Midnapore. 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