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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119 Marina Cove SE
Mahogany Calgary T3M 3P4

$1,050,000
Residential beds: 3 baths: 3.0 1,370 sq. ft. built: 2022

Main Photo: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 1: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 2: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 3: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 4: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 5: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 6: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 7: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 8: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 9: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 10: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 11: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 12: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 13: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 14: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 15: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 16: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 17: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 18: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 19: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 20: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 21: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 22: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 23: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 24: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 25: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 26: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 27: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 28: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 29: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 30: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 31: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 32: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 33: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 34: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Photo 35: 119 Marina Cove SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2233168
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2233168
Bedrooms:
3
Bathrooms:
3
Year Built:
2022
Discover ‘The Streams’ of Lake Mahogany — where luxury meets lifestyle in a tranquil, park-lined enclave surrounded by scenic pathways and modern architectural elegance. Step through the grand entryway into a spacious, welcoming foyer that sets the tone for the refined living experience ahead. The home opens effortlessly into a gourmet kitchen, where soaring 9-foot ceilings create an airy ambiance. This culinary space impresses with striking two-tone cabinetry, quartz countertops, a large center island, undermount sink, gas cooktop, and a premium built-in KitchenAid appliance package. LED under-cabinet lighting and a sleek design underscore the kitchen’s sophisticated style. Beyond the kitchen, the open-concept layout flows into the Great Room, anchored by an electric fireplace and framed by large windows that fill the space with natural light. Just off this elegant main living area, the primary suite is a private retreat—bright and expansive with serene views. The spa-inspired ensuite features dual vanities, an oversized soaker tub, a standalone glass shower, and a spacious walk-in closet. On this level, you will also enjoy direct access to the main floor laundry and a second half bath—designed for ultimate convenience. Venture into the fully finished basement, a flexible space ideal for relaxation and entertainment. Here you'll find a generous recreation room, cozy lounge area, two additional bedrooms, a full bathroom and a laundry room (currently being used as a shoe bedroom/closet)—perfect for extended family or visiting guests. The double attached garage provides secure, all-season convenience, while the low-maintenance backyard opens to a serene natural setting, complete with a gentle stream that brings a sense of calm and connection to the outdoors. Designed with modern efficiency in mind, this home meets BuiltGreen Canada standards and includes forward-thinking features such as solar panels, a UV-C air purification system, triple-pane windows, Navien tankless hot water, dual-zone high-efficiency furnace with MERV 13 filters, an active heat recovery ventilator, and EV charging rough-in. Welcome to a thoughtfully designed residence that blends contemporary style, intelligent technology, and the tranquility of nature. Enjoy one of Calgary’s largest lakes with swimming, canoeing, kayaking, pedal boating in the summer, skating, ice fishing, and hockey in the winter with 2 private beach clubs along with retail shops & professional services at Westman Village nearby shopping plazas.
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Attached-Side by Side, Bungalow-Villa
Total Living Area:
1,370.05 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$393.22
Condo Fee Includes:
Amenities of HOA/Condo
HOA Fee Frequency:
Annually
HOA Fee Includes:
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:
East
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
One
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
2022 (Age: 3)
Bedrooms:
3 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2211383
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Decorative, Electric, Family Room
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room
HOA Fee:
$450.00
Condo Fee Frequency:
Monthly
The Streams
Mahogany
Picnic Area
Built-In Oven, Dishwasher, Dryer, Garage Control(s), Gas Cooktop, Microwave, Refrigerator, Tankless Water Heater, Washer
N/A
Board Approval
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Dining Room
13'7" × 8'3"
Main Floor
Kitchen
21'3" × 13'7"
Main Floor
Living Room
15' × 13'6"
Main Floor
Foyer
9'3" × 7'5"
Main Floor
Laundry
14'8" × 8'4"
Main Floor
Bedroom - Primary
13'9" × 13'1"
Main Floor
Walk-In Closet
9'11" × 4'7"
Basement
Bedroom
11' × 9'1"
Basement
Game Room
28'2" × 23'
Basement
Bedroom
13' × 9'6"
Basement
Laundry
9'4" × 9'3"
Basement
Furnace/Utility Room
14'11" × 8'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 6'1"
Main Floor
Yes
5
10'5" x 9'11"
Basement
No
4
5'9" x 9'2"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Closet Organizers, Double Vanity, High Ceilings, Kitchen Island, No Animal Home, Open Floorplan, Smart Home, Soaking Tub, Stone Counters, Sump Pump(s), Tankless Hot Water, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Front Porch, Patio
Lot Features:
Backs on to Park/Green Space, Landscaped
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
DC
Listed Date:
Jun 22, 2025
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by CIR Realty
Data was last updated August 25, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
163
Avg list price:
$659,900
Min list price:
$249,900
Max list price:
$3,550,000
Avg days on market:
37
Min days on market:
1
Max days on market:
244
Avg price per sq.ft.:
$417.05
These statistics are generated based on the current listing's property type and located in Mahogany. 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