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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1516 24 Street NW
Hounsfield Heights/Briar Hill Calgary T2N 2P9

$600,000
Residential beds: 4 baths: 3.0 1,170 sq. ft. built: 1955

Main Photo: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 1: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 2: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 3: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 4: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 5: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 6: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 7: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 8: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 9: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 10: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
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Photo 12: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
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Photo 16: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 17: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 18: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 19: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 20: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 21: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 22: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 23: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 24: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 25: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
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Photo 33: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 34: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 35: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Photo 36: 1516 24 Street NW in Calgary: Hounsfield Heights/Briar Hill Detached for sale : MLS®# A2247951
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2247951
Bedrooms:
4
Bathrooms:
3
Year Built:
1955
Prime Redevelopment Lot in Briar Hill. Build Your Vision in an Exceptional Location. Set on a generous 532 sq. m (5726 sq. ft) parcel in the heart of Briar Hill, this property presents an outstanding opportunity for developers or custom home builders to create something special in one of Calgary’s most desirable inner-city communities. Zoned R-CG, the lot supports a variety of redevelopment options including single-detached, semi-detached, or rowhouse-style construction (subject to city approval), offering the flexibility to suit a range of project goals. What truly sets this property apart is its unbeatable location. Just steps from Lions Park LRT, North Hill Centre, and SAIT, it offers unmatched connectivity for commuters, students, and professionals alike. The University of Calgary, Foothills Medical Centre, and Alberta Children’s Hospital are all just minutes away, making this an ideal location for medical staff and academics seeking proximity and convenience. Outdoor enthusiasts will appreciate the nearby green spaces and recreational facilities; Riley Park, Grasshopper Hill, Foothills Athletic Park, and Confederation Park are all within easy reach, offering year-round enjoyment. Sports fans and culture lovers can walk to McMahon Stadium and the Southern Alberta Jubilee Auditorium. And with quick access to Crowchild Trail and 16 Avenue, you're only 10 minutes from downtown and moments from Calgary’s extensive pathway system and direct routes to the mountains. Surrounded by mature trees, established homes, and an ever-growing demand for modern housing, Briar Hill offers a quiet, community-oriented setting without sacrificing access to the city’s core. Whether you're building a dream home or a multi-unit development, 1516 24 Street NW delivers the space, zoning, and location to bring your vision to life.
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:
1,170.12 sq. ft.
Main Level Finished Area:
1,170.12 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
698.98 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,726 sq. ft.
Lot Frontage:
52'9½"
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1955 (Age: 70)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:1, Half:2)
Plan:
5703GO
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Siding
Structure Type:
House
Roof:
Shingle
Ensuite:
Yes
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
1
Parking:
Driveway, Single Garage Attached
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
Lower Level
Hounsfield Heights/Briar Hill
None
Garage Opener (As Is), Window Coverings (As Is), and any additional goods left at the property are in 'As Is' condition.
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
12'1" × 10'2"
Main Floor
Bedroom
11'2" × 8'7"
Main Floor
Dining Room
10'3" × 8'
Main Floor
Kitchen
11'7" × 10'3"
Main Floor
Living Room
18'6" × 14'3"
Main Floor
Bedroom - Primary
13'2" × 11'1"
Basement
Bedroom
11' × 9'9"
Basement
Game Room
26'6" × 14'1"
Basement
Storage
13'7" × 7'2"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
2
3'11" x 4'3"
Basement
No
4
4'11" x 10'2"
Basement
No
2
7'2" x 2'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Bar, Built-in Features
Exterior Features:
Private Yard
Patio And Porch Features:
Patio, Pergola
Lot Features:
Back Lane, Back Yard, Front Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Aug 12, 2025
Days on Mkt:
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Listed by Real Broker
Data was last updated August 15, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$1,247,450
Min list price:
$289,900
Max list price:
$6,850,000
Avg days on market:
55
Min days on market:
3
Max days on market:
197
Avg price per sq.ft.:
$666.1
These statistics are generated based on the current listing's property type and located in Hounsfield Heights/Briar Hill. Average values are derived using median calculations. This data is not produced by the MLS® system.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA