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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24 Masters Court SE
Mahogany Calgary T3M 2B8

$1,230,000
Residential beds: 5 baths: 4.0 2,722 sq. ft. built: 2015

Main Photo: 24 Masters Court SE in Calgary: Mahogany Detached for sale : MLS®# A2238996
Photo 1: 24 Masters Court SE in Calgary: Mahogany Detached for sale : MLS®# A2238996
Photo 2: 24 Masters Court SE in Calgary: Mahogany Detached for sale : MLS®# A2238996
Photo 3: 24 Masters Court SE in Calgary: Mahogany Detached for sale : MLS®# A2238996
Photo 4: 24 Masters Court SE in Calgary: Mahogany Detached for sale : MLS®# A2238996
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Photo 38: 24 Masters Court SE in Calgary: Mahogany Detached for sale : MLS®# A2238996
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2238996
Bedrooms:
5
Bathrooms:
4
Year Built:
2015
This stunning 5-bedroom, 3.5-bathroom walkout home is perfectly positioned backing onto the serene wetlands, offering private access to scenic pathways, a peaceful pond, and panoramic natural views. Step inside to a thoughtfully designed main floor featuring a dedicated home office, a spacious living room with a cozy gas fireplace, and a chef-inspired kitchen with generous cabinetry, a central island, and a peninsula ideal for hosting. Just off the kitchen, step onto the elevated deck and take in the uninterrupted beauty of the surrounding landscape — perfect for your morning coffee or sunset unwind. Upstairs, you’ll find four well-appointed bedrooms, two full bathrooms, and a bright, versatile bonus room — great for movie nights, a playroom, or a second lounge space. The luxurious primary suite offers a spa-like ensuite and sweeping views of the wetlands, creating your own private retreat. The fully developed walkout basement is designed for entertaining and extended family living, with a spacious rec room, electric fireplace, wet bar, fifth bedroom, and a full 3-piece bath. Outside, the beautifully landscaped backyard connects directly to the tranquil pathways and pond, immersing you in the natural beauty that defines Mahogany. With access to the community lake, sandy beaches, parks, playgrounds, and year-round amenities, this home offers more than just a place to live — it offers an unmatched lifestyle.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,722 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Acreage:
No
Lot Area:
4,391 sq. ft.
Lot Frontage:
37'11⅞"
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:
South
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
10
Year built:
2015 (Age: 10)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
1413493
Heating:
Forced Air
Basement:
Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Cement Fiber Board, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Vinyl Plank
Cooling:
None
Fireplaces:
2
Fireplace Details:
Basement, Electric, Gas, Living Room
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room
HOA Fee:
$582.00
Mahogany
Beach Access, Park, Picnic Area, Playground, Racquet Courts
Bar Fridge, Dishwasher, Dryer, Electric Stove, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Washer
Curtains and Rods
Restrictive Covenant
Floor
Type
Size
Other
Main Floor
Living Room
14'8" × 14'6"
Main Floor
Dining Room
15' × 13'11"
Main Floor
Kitchen
16'1" × 12'3"
Main Floor
Office
9'6" × 9'4"
Main Floor
Mud Room
11'9" × 10'4"
Main Floor
Foyer
9'1" × 5'7"
2nd Floor
Family Room
19'6" × 13'9"
2nd Floor
Bedroom - Primary
14'7" × 13'3"
2nd Floor
Walk-In Closet
12'9" × 6'7"
2nd Floor
Laundry
12'9" × 6'
2nd Floor
Bedroom
12'10" × 9'11"
2nd Floor
Bedroom
11'2" × 10'4"
2nd Floor
Bedroom
11'2" × 10'3"
Basement
Game Room
31' × 25'5"
Basement
Bedroom
14'5" × 10'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'10" x 5'1"
2nd Floor
Yes
5
13'3" x 11'4"
2nd Floor
No
4
8'5" x 8'5"
Basement
No
3
7'6" x 9'8"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Lake, Playground, Schools Nearby, Shopping Nearby, Tennis Court(s), Walking/Bike Paths
Interior Features:
Built-in Features, Chandelier, Closet Organizers, Double Vanity, Dry Bar, Kitchen Island, No Smoking Home, Pantry, Quartz Counters, Tankless Hot Water, Walk-In Closet(s), Wet Bar, Wired for Sound
Exterior Features:
Other
Patio And Porch Features:
Deck
Lot Features:
Backs on to Park/Green Space, Greenbelt, Wetlands
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Jul 11, 2025
Days on Mkt:
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Listed by Real Broker
Data was last updated August 23, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
162
Avg list price:
$662,400
Min list price:
$249,900
Max list price:
$3,550,000
Avg days on market:
36
Min days on market:
2
Max days on market:
242
Avg price per sq.ft.:
$419.41
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