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.

Find Your Perfect Home in Southeast Calgary: Browse by Price Range

$200,000 - $375,000 $500,000 - $600,000 $800,000 - $900,000
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$400,000 - $500,000 $700,000 - $800,000 SW CALGARY HOMES FOR SALE

Explore Mahogany's Diverse Real Estate Offerings

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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.

Mahogany Homes for sale under $500,000 In Calgary, Alberta|University District

BUNGALOWS FOR SALE IN RIVERBEND CALGARY

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  • 2414 Riverstone Road SE in Calgary: Riverbend Detached for sale : MLS®# A2219009

    2414 Riverstone Road SE Riverbend Calgary T2C 4E2
    Main Photo: 2414 Riverstone Road SE in Calgary: Riverbend Detached for sale : MLS®# A2219009

    2414 Riverstone Road SE Calgary T2C 4E2 Riverbend

    $559,900
    Residential
    Status:
    Active
    MLS® Num:
    A2219009
    Bedrooms:
    5
    Bathrooms:
    3
    Floor Area:
    949 sq. ft.
    Welcome to 2414 Riverstone Road SE, a 5-bedroom, 2.5-bathroom home offering over 1,850 sq ft of total living space including a separate illegal suite. This property sits on a corner lot with R-CG zoning, presenting excellent potential for long-term investment. The upper level features a bright, functional layout with three generously sized bedrooms, including a primary suite with its own 2-piece ensuite. The kitchen offers ample cabinetry and storage, and opens directly to a large deck—perfect for outdoor dining and entertaining. The spacious living room provides a comfortable space to relax and gather. A shared front entry leads to private, separate entrances for each level—ideal for multigenerational living or income potential. Downstairs, the illegal suite includes two additional bedrooms, a full kitchen, dedicated dining area, and a large living space. Laundry is located on the lower level, and a brand-new roof was completed in 2024, giving added peace of mind to the next owner. The corner lot offers abundant street parking and the possibility of building a garage or customizing the yard for added privacy and function. With R-CG zoning, this lot offers flexibility and development options down the road. Located in the vibrant community of Riverbend, you’re just steps from scenic Carburn Park, the off-leash Sue Higgins Dog Park, Bow River pathways, schools, shopping, and more. Riverbend is known for its central location and incredible access to all areas of the city, with major routes like Glenmore, Deerfoot, and Stoney Trail just minutes away—making your commute or weekend adventure easier than ever. Whether you're looking to live up and rent down, expand your real estate portfolio, or accommodate a growing family, this home delivers outstanding value. More details
    Listed by RE/MAX House of Real Estate
    LISTING DETAILS
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Data was last updated May 12, 2025 at 06:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Diane Richardson
Cell: 403-397-3706