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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3740 35 Avenue SW
Rutland Park Calgary T3E 1A5

$699,990
Residential beds: 5 baths: 2.0 1,454 sq. ft. built: 1956

Main Photo: 3740 35 Avenue SW in Calgary: Rutland Park Detached for sale : MLS®# A2244768
Photo 1: 3740 35 Avenue SW in Calgary: Rutland Park Detached for sale : MLS®# A2244768
Photo 2: 3740 35 Avenue SW in Calgary: Rutland Park Detached for sale : MLS®# A2244768
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Photo 5: 3740 35 Avenue SW in Calgary: Rutland Park Detached for sale : MLS®# A2244768
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2244768
Bedrooms:
5
Bathrooms:
2
Year Built:
1956
Welcome to 3740 35 Avenue SW, a rare opportunity in one of Calgary’s most established and evolving communities. This four level split, built in 1956, offers five bedrooms, one and a half bathrooms, and a solid, timeless structure ready to be reimagined. For the visionary buyer, this home is more than walls and a roof. It is a blank canvas. Whether you are a young family creating something personal and lasting, or an investor searching for a high demand rental, the layout here works. Renovate and rent individual rooms, refresh the existing floor plan, or explore the possibility of adding a secondary suite (a secondary suite would be subject to approval and permitting by the City of Calgary). The potential is here. It just needs your touch. The location is where this home truly sets itself apart. A short walk to Mount Royal University, local bakeries, grocery stores, and transit, and just minutes from the vibrant energy of Marda Loop with its boutiques, restaurants, and community events. This area draws students, professionals, and long term tenants alike, offering consistent rental demand and steady appreciation over time. Whether you choose to live in it, lease it out, or hold it as a long term investment, this is a strategic move in a neighbourhood that continues to grow in both value and desirability. Opportunities like this are rare.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
4 Level Split
Total Living Area:
1,454.43 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,845 sq. ft.
Lot Frontage:
86'8"
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:
4 Level Split
Total Rooms Above Grade:
6
Year built:
1956 (Age: 69)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
6498HA
Heating:
Fireplace(s), Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Stucco
Structure Type:
House
Roof:
Tar/Gravel
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
2
Fireplace Details:
Electric
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached, Heated Garage, RV Access/Parking, RV Carport
Parking Places:
5
Parking Total/Covered:
5 / -
Laundry Features:
In Unit, Lower Level
Rutland Park
Bar Fridge, Dishwasher, Freezer, Garage Control(s), Microwave, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Window Coverings
n/a
Restrictive Covenant
Floor
Type
Size
Other
Main Floor
Kitchen
12'2" × 8'4"
Main Floor
Dining Room
12'2" × 6'9"
Main Floor
Living Room
32'6" × 18'10"
Upper Level
Bedroom
13'8" × 9'2"
Upper Level
Bedroom - Primary
14' × 11'2"
Upper Level
Bedroom
12'5" × 11'9"
Lower Level
Game Room
31'1" × 16'9"
Lower Level
Storage
Measurements not available
Lower Level
Furnace/Utility Room
Measurements not available
Lower Level
Other
10'5" × 6'9"
Basement
Bedroom
135'5" × 11'
Basement
Bedroom
12'2" × 8'10"
Basement
Family Room
15'4" × 10'5"
Basement
Laundry
8'7" × 6'4"
Floor
Ensuite
Pieces
Other
Upper Level
No
4
7'9" x 6'9"
Lower Level
No
2
4'6" x 6'4"
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Bar, Ceiling Fan(s), See Remarks, Separate Entrance, Storage, Wet Bar, Wood Counters
Exterior Features:
Storage
Patio And Porch Features:
None, Other
Lot Features:
Back Lane, Irregular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-CG
Listed Date:
Jul 31, 2025
Days on Mkt:
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Listed by LPT Realty
Data was last updated August 16, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
6,996
Avg list price:
$570,000
Min list price:
$115,000
Max list price:
$13,500,000
Avg days on market:
35
Min days on market:
0
Max days on market:
685
Avg price per sq.ft.:
$412.45
These statistics are generated based on the current listing's property type and located in Calgary. 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