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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
| $200,000 - $375,000 | $500,000 - $600,000 | $800,000 - $900,000 |
| $350,000 - $500,000 | $600,000 - $700,000 | $900,000 - |
| $400,000 - $500,000 | $700,000 - $800,000 | SW CALGARY HOMES FOR SALE |
Explore Mahogany's Diverse Real Estate Offerings
| MAHOGANY DETACHED HOMES FOR SALE | MAHOGANY CONDOS FOR SALE |
| MAHOGANY TOWNHOMES FOR SALE | BUNGALOWS FOR SALE IN MAHOGANY |
There are several ways to contact Diane Richardson:
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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.
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Phone number: Call me directly at 403.397.3706 with any questions or to schedule viewings.
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Email address: Reach out to me at Diane@Mypadcalgary.com with any questions or to request more information.
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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.
North HavenNorthCalgary
EXPLORE CALGARY REAL ESTATE LISTINGS BY NEIGHBOURHOOD
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5016 Nemiskam Road NW in Calgary: North Haven Detached for sale : MLS®# A2237911
5016 Nemiskam Road NW Calgary T2K 2P7 
$979,999Residential- Status:
- Active
- MLS® Num:
- A2237911
- Bedrooms:
- 5
- Bathrooms:
- 3
- Floor Area:
- 1,495 sq. ft.
Welcome to 5016 Nemiskam Road NW, a stunning and fully renovated bungalow nestled in the highly sought-after community of North Haven. Situated just minutes from top-rated schools, charming cafés, beautiful parks, the University of Calgary, and SAIT, this home truly offers convenience and lifestyle. With nearly 1,500 sq ft of thoughtfully designed living space on the main floor, this home features 3 spacious bedrooms and 2 full bathrooms, including a luxurious primary suite with a custom walk-in closet and 3-piece ensuite. The open-concept main floor welcomes you with a beautifully crafted front foyer clad in white oak panels, leading to a bright and airy living room with a sleek electric fireplace and a bold feature wall designed to impress. The show-stopping kitchen boasts a modern two-tone design, high-end appliances including a built-in microwave, oven, and glass cooktop, gold accents, and under-cabinet and toe-kick lighting—perfect for cozy evenings. Down the hall, you'll find two generous bedrooms, a fully tiled bath, and a convenient family laundry room. Downstairs, the legal 2-bedroom basement suite offers a large kitchen, full bathroom, and separate laundry—ideal for rental income, extended family, or entertaining on game nights. Outside, enjoy your newly built garage-top flat patio—perfect for summer BBQs, parties, or quiet relaxation. The home is wrapped in durable James Hardie board for long-lasting curb appeal and protection, complemented by brand new windows throughout to keep the warmth in during Calgary’s winters. With a spacious front yard and modern upgrades inside and out, this home is truly move-in ready and waiting for the perfect family. More detailsListed by Real Broker- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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5016 Norris Road NW in Calgary: North Haven Detached for sale : MLS®# A2243176
5016 Norris Road NW Calgary T2K 2P9
$744,900Residential- Status:
- Active
- MLS® Num:
- A2243176
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,171 sq. ft.
Fantastic Opportunity in Desirable North Haven! Welcome to this charming and functional 3-level split, perfectly situated on a quiet street in sought-after North Haven. Offering 3 spacious bedrooms and 2.5 updated bathrooms, this home combines comfort, character, and practicality. The heart of the home is a beautifully renovated kitchen featuring classic shaker-style cabinetry, granite countertops, and ample storage space. Newer hardwood flooring flows throughout the main level with original hardwood upstairs, adding warmth and timeless appeal. The third level features a large family room with a cozy gas fireplace, perfect for relaxing evenings, a renovated full bathroom with a steam shower, and an incredible amount of crawl space storage—a dream for any organized homeowner. Step outside into your super private backyard oasis, complete with a double detached garage that includes a walk-in enclosed storage loft—perfect for seasonal items or hobby space. You'll also love the huge RV parking pad, a rare and valuable feature in the area. Don’t miss this rare opportunity to own a move-in ready home in one of Calgary’s most desirable and established neighborhoods. More detailsListed by RE/MAX Real Estate (Mountain View)- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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4507 Namaka Crescent NW in Calgary: North Haven Detached for sale : MLS®# A2236900
4507 Namaka Crescent NW Calgary T2K 2H5
$689,900Residential- Status:
- Active
- MLS® Num:
- A2236900
- Bedrooms:
- 5
- Bathrooms:
- 2
- Floor Area:
- 1,123 sq. ft.
Don’t miss this incredible opportunity to own a massive PIE-shaped lot ( 8019 sq ft) in the highly sought-after community of North Haven! This beautifully updated bungalow features triple-pane windows up, a renovated kitchen with maple shaker cabinets, Corian countertops, and modern appliances including a brand-new fridge and microwave (2025) New High Capacity Washing Machine (2024)and a newer dishwasher (2024). Enjoy updated hardwood and tile flooring, a refreshed bathroom, and newer doors, trim, and baseboards throughout much of the home and custom Blinds in the Living room, Dining room and Kitchen. The fully finished basement offers a spacious family room with a cozy fireplace—perfect for a home theatre—plus a gym area, an additional bedroom, full bathroom, and a well-appointed laundry room. The basement could easily be reconfigured for an illegal ( or with some updating & city approval a Legal secondary suite) featuring a separate entrance. Outside, the large pie lot features an oversized double garage, gated RV parking ( will fit a very large RV) off a paved alley, a huge patio, and still plenty of yard space for kids to play or for entertaining. A Mid-efficiency furnace that had a $700.00 mother board replaced and ducts cleaned in 2024 plus a durable rubber membrane roof rounds out this exceptional property. Ideally located close to North Haven Off Leash Park, Nose Hill Park, North Haven CBE School, The Winter Club, and just 10 minutes to SAIT and the University of Calgary. More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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4504 14 Street NW in Calgary: North Haven Detached for sale : MLS®# A2219124
4504 14 Street NW Calgary T2K 1J6
$629,000Residential- Status:
- Active
- MLS® Num:
- A2219124
- Bedrooms:
- 5
- Bathrooms:
- 2
- Floor Area:
- 1,106 sq. ft.
Discover the charm of 4504 14 St NW, a beautifully renovated bungalow offering breathtaking views. Conveniently sitting on a corner lot, this home offers exceptional possibilities for both first time home buyers and investors alike. This home features a modern open-concept main floor, thoughtfully updated and perfect for comfortable living. Recent upgrades include brand-new roofing installed in 2024 and a 200-amp electrical panel, ensuring long-term peace of mind.Don't forget, the basement is finished with an extra bathroom and 2 bedrooms! Ideally located in a desirable NW Calgary neighbourhood close to parks, schools, and amenities, this property is a perfect blend of style, functionality, and convenience. Located directly across from the esteemed Winter Club, this residence offers a lifestyle of convenience and luxury. Call your favourite Realtor today! More detailsListed by eXp Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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4916 Norquay Drive NW in Calgary: North Haven Detached for sale : MLS®# A2246690
4916 Norquay Drive NW Calgary T2K 2L3
$575,000Residential- Status:
- Active
- MLS® Num:
- A2246690
- Bedrooms:
- 4
- Bathrooms:
- 2
- Floor Area:
- 1,243 sq. ft.
Original Owner in North Haven – Bring Your Tools, Your Vision, and Maybe a Dumpster! For the first time ever, this classic North Haven bungalow is hitting the market — and while it’s not winning any beauty pageants today, the potential here is massive. This is the kind of property that makes renovators and investors perk up, pull over, and say, “Now this... this could be something.” Lovingly cared for by the same family since the day it was built, this 1243 sq ft bungalow has good bones, a great lot, and just enough “original charm” to keep your demo crew busy for a week or two. It's very much a project — no sugarcoating that — but with the right touch, it could become a standout up/down rental or a stylish single-family home with income potential. Set on an oversized RC-G lot with alley access, a separate basement entrance, and plenty of space for rear parking, this place is practically begging to be turned into a legal suite or income-generating duplex. The layout lends itself well to a two-unit conversion, and the basement is a blank canvas (read: untouched and ready for transformation). Whether you're a flipper, builder, or buy-and-hold investor, the numbers can work well here. Inside, you’ll find the kind of vintage finishes that are technically back in style — but we’ll let you be the judge of that. There's original hardwood under the carpet, generously sized windows, and a traditional layout that offers a lot of flexibility. The real win? Location. This home sits on a quiet, tree-lined street in North Haven — one of Calgary’s most underrated inner-city gems. You’re just minutes from Nose Hill Park (hike, bike, dog walk, repeat), with great access to downtown, the airport, major routes, schools, shopping, and transit. It’s a peaceful, established neighbourhood that still feels like “real Calgary.” And while the house needs a firm handshake and a fresh start, it’s important to honour the history here. This home raised a family, hosted decades of laughter, holidays, and milestones — and now it’s ready for its next act. With a little vision (and maybe a crowbar), you could turn this into a great up/down or a custom home that blends modern comfort with classic Calgary roots. So yes — it needs work. But if you've got a toolbelt, some grit, and a Pinterest board full of reno ideas, this could be the one. More detailsListed by RE/MAX First- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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4440 Namaka Crescent NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2240942
4440 Namaka Crescent NW Calgary T2K 2H6
$550,000Residential- Status:
- Active
- MLS® Num:
- A2240942
- Bedrooms:
- 4
- Bathrooms:
- 2
- Floor Area:
- 956 sq. ft.
Welcome to this versatile and move-in ready bi-level duplex in the coveted community of North Haven—where homes like this rarely hit the market! Whether you're a young family, savvy investor, or looking for a mortgage helper, this property checks all the boxes. Upstairs features a bright and open layout with VAULTED CEILINGS, large windows, and fresh paint throughout. Enjoy peaceful mornings on your private balcony overlooking mature trees—NO NEIGHBOURS BEHIND! The kitchen flows effortlessly into the living and dining areas, creating the perfect space to entertain or unwind. Downstairs, the fully developed (illegal) suite offers 2 additional bedrooms, a full bath, a cozy breakfast bar, and its own laundry —ideal for multi-family living, rental income, or Airbnb potential. Outside, you’ll love the spacious SOUTH-FACING backyard with a raised garden bed, garden shed, and a parking pad with back lane access—plus potential to build a garage. Tucked away in a quiet, family-friendly neighbourhood, you're walking distance to schools, parks, and transit. Just minutes from Nose Hill Park’s incredible trails and panoramic city views. Conveniently located near downtown, the airport, and several universities — everything you need is within easy reach. All appliances are included—featuring not one, but two full sets of essentials: 2 fridges, 2 microwaves, 2 washer/dryers, plus an oven, hot plate, portable grill, electric frying pan, and a toaster oven. Don’t miss your chance to make this incredible property yours! More detailsListed by Real Broker- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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