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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9836 Elbow Drive SW
Haysboro Calgary T2V 1M3

$888,000
Residential beds: 5 baths: 2.0 1,121 sq. ft. built: 1958

Main Photo: 9836 Elbow Drive SW in Calgary: Haysboro Detached for sale : MLS®# A2218940
Photo 1: 9836 Elbow Drive SW in Calgary: Haysboro Detached for sale : MLS®# A2218940
Photo 2: 9836 Elbow Drive SW in Calgary: Haysboro Detached for sale : MLS®# A2218940
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2218940
Bedrooms:
5
Bathrooms:
2
Year Built:
1958
Property Description for 9836 Elbow Drive: Attention Builders and Investors! Prime development site located at 9836 Elbow Drive, strategically zoned for a 5+5 unit multi-family project. Qualified for the CMHC MLI Select Program, this property is ideal for creating basement suites that meet affordable housing criteria, maximizing program incentives. Development is shovel-ready, offering immediate potential for construction. Joint venture opportunities available—partner and profit in one of Calgary’s most desirable communities. GET THIS BUILDING with only 175k downpayment
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:
1,120.81 sq. ft.
Main Level Finished Area:
1,120.81 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,120.81 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,049 sq. ft.
Lot Frontage:
35'
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1958 (Age: 67)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
5463HL
Heating:
Forced Air, Natural Gas
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
House
Roof:
Wood
Ensuite:
No
Flooring:
Hardwood, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
None, Off Street
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Haysboro
Dishwasher, Dryer, Electric Range, Humidifier, Microwave, Refrigerator, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
16'11" × 12'3"
Main Floor
Kitchen
11'9" × 10'7"
Main Floor
Dining Room
10'7" × 7'4"
Main Floor
Bedroom - Primary
14'5" × 11'1"
Main Floor
Bedroom
10'10" × 10'7"
Main Floor
Bedroom
10'9" × 9'10"
Basement
Game Room
21'9" × 16'1"
Basement
Bedroom
12'10" × 10'5"
Basement
Bedroom
12'2" × 10'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6'5" x 6'7"
Basement
No
4
7'4" x 7'9"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby
Interior Features:
See Remarks
Exterior Features:
Dog Run
Patio And Porch Features:
None
Lot Features:
Back Lane, Level, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-C1
Listed Date:
May 12, 2025
Days on Mkt:
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Listed by Grand Realty
Data was last updated May 22, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$298,950
Min list price:
$200,000
Max list price:
$1,224,900
Avg days on market:
15
Min days on market:
1
Max days on market:
123
Avg price per sq.ft.:
$392.18
These statistics are generated based on the current listing's property type and located in Haysboro. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706