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.

Find Your Perfect Home in Southeast Calgary: Browse by Price Range

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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.

Mahogany Homes for sale under $500,000 In Calgary, Alberta|Martindale
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1123 8 Street SE
Ramsay Calgary T2G 2Z6

$1,695,000
Land

Main Photo: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 1: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 2: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 3: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 4: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 5: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 6: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 7: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Photo 8: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
Status:
Active
Prop. Type:
Land
MLS® Num:
A2209327
An exceptional opportunity to secure a well-located development site in one of Calgary’s most dynamic and evolving inner-city neighborhoods. Positioned at 1123/1125 8 Street SE, this parcel offers the rare advantage of newly approved HGO zoning (Housing – Grade-Oriented), with a preliminary design concept in place for a 28-unit multi-family project. The architect has advised that development approval drawings could be prepared very quickly to allow for a quick submission to the City for approval. Meetings with city planning have been completed and the department is in support of an application for the proposed development. The site is just under 10,000 sqft. total and offers street access from the front and back of the property. 8 Street to the East and Maggie Street to the West. The proposed development is thoughtfully designed by a long-time Ramsay resident and architect, incorporating key elements of the community’s character and historic charm. The vision respects the area's roots while offering a modern housing solution that aligns with the future of inner-city living and affordable housing options. This site is ideally located just steps from Red’s Diner and within easy walking distance to Stampede Park, the expanding BMO Centre, and Calgary’s exciting Culture and Entertainment District — including the upcoming SAM Centre and all the energy of the Inglewood retail and nightlife corridor. Whether for future tenants or owners, this location offers unbeatable urban connectivity paired with a vibrant community setting. Ramsay is a neighborhood in transition — seeing ongoing public and private reinvestment, including new housing, infrastructure upgrades, and streetscape improvements. The area is maturing gracefully, with careful additions that aim to maintain the neighborhood’s unique character while supporting its long-term growth. With potential alignment for CMHC’s MLI Select program, this project offers developers a chance to pursue enhanced financing options, including longer amortizations and reduced debt service requirements, while contributing to Calgary’s much-needed rental housing supply. Whether you’re an experienced developer or a builder looking for your next signature project, this property delivers location, community, design potential, and long-term upside
Property Type:
Land
Property Sub Type:
Residential Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
9,900 sq. ft.
Lot Frontage:
66'
Lot Details:
Two properties included 66'x148
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:
Reg. Size:
Reg. Size Includes:
Bathrooms:
- (Full:-, Half:-)
Plan:
A2
Ensuite:
No
Water Supply:
Public
Utilities:
Cable Internet Access, Electricity at Lot Line
Garage:
0
Ramsay
none
Building Design Size
Title to Land:
Fee Simple
Lot Features:
Interior Lot, No Neighbours Behind, Paved, Rectangular Lot, See Remarks, Sloped Down
Num. of Parcels:
1
Outbuildings:
See Remarks, Condemned Residence(s)
Fencing:
Fenced, Partial
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
HGO
Listed Date:
Apr 09, 2025
Days on Mkt:
  • Photo 1: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 1 of 8
  • Photo 2: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Ramsay and area
  • Photo 3: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 3 of 8
  • Photo 4: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 4 of 8
  • Photo 5: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 5 of 8
  • Photo 6: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 6 of 8
  • Photo 7: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Photo 7 of 8
  • Photo 8: 1123 8 Street SE in Calgary: Ramsay Residential Land for sale : MLS®# A2209327
    Frontage
Larger map options:
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Listed by D.C. & Associates Realty
Data was last updated July 1, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
99
Avg list price:
$1,207,403
Min list price:
$149,900
Max list price:
$22,200,000
Avg days on market:
68
Min days on market:
1
Max days on market:
2,891
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA