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.

BANKVIEW HOMES FOR SALE FROM $975,000 IN SW DOWNTOWN CALGARY

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  • 2504 19A Street SW in Calgary: Bankview Detached for sale : MLS®# A2246791

    2504 19A Street SW Bankview Calgary T2T 4Z2
    Main Photo: 2504 19A Street SW in Calgary: Bankview Detached for sale : MLS®# A2246791
    $2,150,000
    Residential
    Status:
    Active
    MLS® Num:
    A2246791
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    2,680 sq. ft.
    Luxury Living with Breathtaking Views in the Heart of Bankview. Discover an extraordinary modern home perched in one of Calgary’s most desirable inner city locations. This striking corner property in Bankview combines bold architecture, refined interiors, and panoramic downtown views that elevate everyday living. From the moment you arrive, the home's clean modern lines, oversized windows, and meticulously landscaped yard make a strong first impression. The low-maintenance yard features an automatic irrigation system, so everything stays green and beautiful without the work. Step inside to soaring ceilings and sun filled spaces that create an immediate sense of openness. The formal dining room, surrounded by windows, is ideal for hosting gatherings both big and small. Nearby, a discreet powder room and custom wine storage add practical luxury. At the heart of the home is a stunning chef’s kitchen, equipped with premium Fisher & Paykel appliances, striking quartz counters, statement tile, and a butler pantry to keep everything organized. The oversized island is perfect for prepping, serving, or socializing, and the cozy breakfast nook opens onto a private terrace, blending indoor comfort with outdoor living. The family room is equally impressive, anchored by a dramatic floor-to-ceiling stone fireplace and seamless access to a second outdoor terrace with sweeping city views, ideal for evening cocktails or weekend lounging. A glass enclosed open staircase adds a striking architectural element and invites light to move freely through the home. Upstairs, the luxurious primary suite is your personal retreat. Enjoy dual custom closets, a built-in vanity, and a spa like ensuite featuring heated floors, a deep soaker tub, double sinks, a rainfall steam shower, and beautiful finishes throughout. Two additional bedrooms offer flexibility for kids, guests, or home offices, and the full bathroom also features in floor heat and generous storage. A laundry room with high end washer/dryer and ample cabinetry makes daily tasks easier and more efficient. The lower level expands your living space with a spacious recreation room, custom wet bar with wine fridge and integrated dishwasher, perfect for entertaining. Radiant in floor heat keeps things cozy year round. A fourth bedroom and full bathroom provide extra space for guests or teens, while the oversized mudroom connects directly to the heated double garage and includes loads of smart storage. Additional features include central A/C, integrated lighting, thoughtful finishes throughout, and a location that puts the best of Calgary’s inner city at your doorstep. This home is the perfect blend of luxury, function, and elevated design, ideal for buyers who value both luxury and everyday comfort. Please see 3D Tour. More details
    Listed by Real Broker
  • 2303 16A Street SW in Calgary: Bankview Detached for sale : MLS®# A2246038

    2303 16A Street SW Bankview Calgary T2T 4K3
    Main Photo: 2303 16A Street SW in Calgary: Bankview Detached for sale : MLS®# A2246038
    $1,148,000
    Residential
    Status:
    Active
    MLS® Num:
    A2246038
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,087 sq. ft.
    ATTENTION INVESTORS, BUILDERS & DEVELOPERS! RARE MC-G ZONED OPPORTUNITY IN BANKVIEW WITH STUNNING DOWNTOWN VIEWS! Located directly across from Buckmaster Park, this expansive 53’ x 132’ MC-G zoned lot offers one of the best development opportunities in Bankview. With potential for Multifamily (subject to city approval) currently has Drawings available for 6 Plex (6 Up & 6 Down) , this property is ideal for multi-residential infill, row housing, or a long-term hold with strong rental income in place. Main level: Over 1,086 sq. ft. with 3 spacious bedrooms, large principal rooms, and excellent layout.Lower level: 882 sq. ft. illegal suite with 2 bedrooms, separate entrance, oversized windows offering natural light. Separate meters and furnaces for both units. Double detached garage provides additional rental or storage value. This is a unique corner-style lot fronting onto 16A Street and backing onto 17th Street, offering design flexibility, dual access, and added curb appeal for future development. Surrounded by numerous new high-end multi-unit builds, this site is in the heart of one of Calgary’s most active redevelopment zones. Walkable to 17th Avenue’s retail and dining corridor, Sunalta LRT, top-rated schools, bike paths, and downtown Calgary — making it highly desirable for both future homeowners and tenants. With zoning, location, views, and pricing all working in your favour, this is truly one of the best inner-city land investment opportunities currently available. Act quickly — parcels like this are rare and in high demand! More details
    Listed by eXp Realty
  • 1831 18A Street SW in Calgary: Bankview Detached for sale : MLS®# A2246958

    1831 18A Street SW Bankview Calgary T2T 4W1
    Main Photo: 1831 18A Street SW in Calgary: Bankview Detached for sale : MLS®# A2246958
    $1,059,000
    Residential
    Status:
    Active
    MLS® Num:
    A2246958
    Bedrooms:
    5
    Bathrooms:
    5
    Floor Area:
    1,864 sq. ft.
    A property that easily surpasses all expectations. Beautifully renovated and lovingly maintained this home carries all of the positives of its original form to its present configuration proudly providing 5 bedrooms and 4 and a half bathrooms by way of an addition in 1999 that added a double attached garage and a self contained 1 bedroom suite in a walkout lower level facing 19 Street SW. This suite has separate services (furnace, hot water, laundry, electrical meter) and separate entry. Prime location in Bankview walking distance to shopping on 17 Avenue. A splendidly unique inner-city offering on a 50 foot lot that holds wonderful redevelopment potential with stunning downtown views. More details
    Listed by Stonemere Real Estate Solutions
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Data was last updated August 11, 2025 at 02:05 PM (UTC)
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA