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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5039 Waverley Drive SW
Westgate Calgary T3C 2P6

$709,900
Residential beds: 4 baths: 3.0 913 sq. ft. built: 1958

Main Photo: 5039 Waverley Drive SW in Calgary: Westgate Detached for sale : MLS®# A2237160
Photo 1: 5039 Waverley Drive SW in Calgary: Westgate Detached for sale : MLS®# A2237160
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2237160
Bedrooms:
4
Bathrooms:
3
Year Built:
1958
Welcome to this beautifully renovated inner-city bungalow offering over 1,600 sq. ft. of developed living space. Featuring 4 bedrooms, 3 full bathrooms, and a massive oversized double detached garage, this home blends modern design with functional living. The main floor showcases an open-concept layout with hardwood flooring, quartz countertops, designer lighting, and a stunning kitchen complete with new cabinetry, stainless steel appliances, and a large centre island. The spacious primary bedroom includes a spa-inspired ensuite with a soaker tub and glass-tiled shower. A second bedroom (or ideal home office) and a stylish 4-piece bathroom complete the main level. The fully finished basement features a cozy recreation room with fireplace, custom wet bar, two additional bedrooms with egress windows, and a 3-piece bath—perfect for guests or extended family. Extensive upgrades include a new asphalt roof, James Hardie Board siding, new windows and doors, and all-new kitchen, bathrooms, flooring, trim, and paint throughout. Enjoy the sunny south-facing backyard with a brand-new deck and take advantage of the huge detached garage with ample space for vehicles and storage. Located just 10 minutes from downtown with easy access to schools, shopping, restaurants, coffee shops, and the LRT. A perfect blend of location, luxury, and lifestyle—this home is truly move-in ready.
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:
913 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,994 sq. ft.
Lot Frontage:
50'
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
5
Year built:
1958 (Age: 67)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
6123HK
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Ceramic Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Westgate (Calgary)
Dishwasher, Electric Stove, Microwave, Range Hood, Refrigerator, Washer/Dryer
NA
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
13'2" × 6'2"
Main Floor
Living Room
13'2" × 9'7"
Main Floor
Entrance
9'9" × 3'9"
Main Floor
Kitchen
13'2" × 8'1"
Main Floor
Bedroom - Primary
11'9" × 9'9"
Main Floor
Bedroom
12'11" × 9'5"
Basement
Family Room
23'3" × 12'11"
Basement
Bedroom
8'4" × 7'1"
Basement
Bedroom
12'2" × 9'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 9'
Main Floor
Yes
4
8'2" x 9'1"
Basement
No
3
6'10" x 6'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Dry Bar
Exterior Features:
Uncovered Courtyard
Patio And Porch Features:
Deck
Lot Features:
Back Lane
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
H-GO
Listed Date:
Jul 04, 2025
Days on Mkt:
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Listed by Real Estate Professionals Inc.
Data was last updated August 14, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$775,000
Min list price:
$289,900
Max list price:
$998,500
Avg days on market:
43
Min days on market:
7
Max days on market:
97
Avg price per sq.ft.:
$685.87
These statistics are generated based on the current listing's property type and located in Westgate. 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