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
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| $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.
BANKVIEW HOMES FOR SALE CALGARY
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2526 16 Street SW in Calgary: Bankview Full Duplex for sale : MLS®# A2214661
2526 16 Street SW Calgary T2T 4E9 
$3,900,000Multi-Family- Status:
- Active
- MLS® Num:
- A2214661
- Floor Area:
- 7,600 sq. ft.
Investor Alert – Brand New 8-Plex. currently they are 4 main dwelling size 1900 average each total 7600 sqf above grade. 4 legal basement average 600 sqf total 2400 sqf which mean 10,000 of living space the basement legal suit are in the process of being legal suits by the city of calgary. Prime Calgary SW (Bankview) Rental Income Potential: Main units: $3,500 – $4,500/month Basement suites: $1,500/month Total projected rent: $20,000 – $24,000/month Similar nearby units rent at $30/sq. ft., underscoring the income potential. Key Investment Highlights: Eligible for CMHC Select Financing – reduce financing costs and increase ROI Located in a high-demand rental area with proven stability Turnkey setup—ready for immediate income generation Ideal for short- and long-term appreciation in a growth-oriented market Whether you're an experienced investor or expanding your portfolio, this asset delivers strong performance, desirable location, and future upside. Hurry—this opportunity won’t last long! Contact us today to schedule a viewing or request the investor package. More detailsListed by First Place Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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2250 17A Street SW in Calgary: Bankview Commercial Land for sale : MLS®# A2217794
2250 17A Street SW Calgary T2T 4S1
$2,900,000Land- Status:
- Active
- MLS® Num:
- A2217794
Opportunity to acquire an infill multi-residential development site (the “Site”) located in the desirable Bankview neighbourhood of Southwest Calgary. The inner-city location in the popular Bankview neighbourhood allows for quick access to the shops and restaurants of both Marda Loop and the 17th Avenue Arts & Entertainment District. The rapidly gentrifying community is popular with both renter and home owners given its convenient inner-city location and proximity to the downtown core. The 0.47 acre Site is rectangular in shape and stretches between 17A and 17B offering street front access on both street elevations. The zoning is M-CG d111 Multi-residential - Contextual Grade-Oriented with a recently approved Development Permit (April 2025) for the development of a three-building, 24 one-bedroom suite “stacked townhouse” style development. This is an exceptional opportunity to secure a high quality infill development site with an in-place development permit in Calgary’s robust multi-residential market. More detailsListed by Honestdoor Inc.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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1516 22 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2217062
1516 22 Avenue SW Calgary T2T 0R5 OPEN HOUSE: May 31, 202512:00 PM - 02:00 PM MDTOpen House on Saturday, May 31, 2025 12:00PM - 2:00PMOPEN HOUSE: Jun 01, 202502:00 PM - 04:00 PM MDTOpen House on Sunday, June 1, 2025 2:00PM - 4:00PM
$1,489,000Residential- Status:
- Active
- MLS® Num:
- A2217062
- Bedrooms:
- 4
- Bathrooms:
- 4
- Floor Area:
- 2,531 sq. ft.
***OPEN HOUSE FRI MAY 9th 4pm-6pm ** Welcome to 1516 22 Ave SW — a brand-new, luxurious infill offering panoramic Downtown views in the heart of Calgary’s highly sought-after Bankview neighborhood. With 3,465 square feet of meticulously crafted living space, this modern masterpiece boasts 4 spacious bedrooms, 4 designer bathrooms, and a stunning fusion of comfort, style, and sophistication. Step inside to soaring vaulted ceilings accented with rich wood tones, creating a warm and inviting atmosphere. The sun-drenched living room features custom built-ins, a dramatic stone gas fireplace, and expansive bay windows that frame the skyline. A versatile den or home office adds functional flexibility. The chef-inspired kitchen is a standout, equipped with premium GE Café appliances including a wall oven, gas cooktop, and microwave. Elegant quartz countertops, chic blue cabinetry, a generous island, and a handcrafted stone range hood are complemented by a crisp white tile backsplash. A dedicated wine cellar adds a touch of indulgence. The adjacent dining room is ideal for everyday meals or elegant entertaining. Upstairs, the serene primary suite offers a walk-in closet with custom built-ins and a luxurious 5-piece ensuite with a soaker tub, dual sinks, and a glass steam shower. Two additional bedrooms, each with their own walk-in closets, share a stylish 4-piece bathroom. Enjoy sweeping Downtown views from the private second-floor deck. The upper-level laundry room includes a washer, dryer, sink, and ample storage for added convenience. The fully developed walk-out basement is perfect for entertaining or relaxing, featuring a large family room, wet bar, guest bedroom, 3-piece bath, and generous storage. The oversized lot enhances the home’s spacious feel and natural flow. Perfectly positioned near 17th Avenue’s vibrant shops and restaurants, Marda Loop, Mount Royal University, and with easy access to Downtown, this extraordinary residence is more than a home — it’s a statement of modern luxury living. More detailsListed by Century 21 Bamber Realty LTD.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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2316 16 Street SW in Calgary: Bankview 4 plex for sale : MLS®# A2206809
2316 16 Street SW Calgary T2T 4E7
$1,159,000Multi-Family- Status:
- Active
- MLS® Num:
- A2206809
- Floor Area:
- 1,177 sq. ft.
Why settle for a house or duplex when you can own a high-income fourplex for the same price? This fully upgraded, centrally located Bankview property offers unbeatable rental appeal—just steps from downtown, transit, parks, and vibrant 17th Avenue. Overlooking the scenic Bankview Community Garden, it provides a serene setting for tenants. Renovated in 2016, it features energy-efficient windows, a new roof, modern appliances, and a state-of-the-art glycol heating system that cuts heating costs by 60%. The four spacious 1-bedroom units (2,343 square feet total) each have in-suite laundry, storage, and private entrances, while the lower units enjoy walk-out access. A 148-square-foot utility room adds extra functionality, and ample parking ensures convenience. With market rents generating $72,000 annually ($1,600 upper, $1,400 lower) and room for future increases, this property delivers immediate positive cash flow and strong long-term appreciation. Let tenants pay your mortgage while you build wealth and secure your future. The astute investor can achieve semi or even full retirement upon purchase. Opportunities like this are rare—act now! More detailsListed by Datong Property Management Ltd.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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2523 17A Street SW in Calgary: Bankview Residential Land for sale : MLS®# A2200575
2523 17A Street SW Calgary T2T 4S5
$1,140,000Land- Status:
- Active
- MLS® Num:
- A2200575
Rare Opportunity - 2 connecting CORNER LOT - Prime Land in Bankview – Exceptional Location with Tremendous Potential, Sell together with the lot next to it, Total of 9900 sq feet for your development. This rare piece of land located in Bankview offers an unbeatable location just minutes from the vibrant organic market in Marda Loop, grocery stores, cafes, restaurants, and parks. The property is being sold together with the lot next to it, offering a fantastic development opportunity in one of Calgary's most desirable neighbourhoods. The properties are zoned RCG, offering potential for multi-residential developments. This land is located within a 5-minute drive to schools, including Richmond School, Mount Royal School, and Dr. Oakley School, making it an ideal location for families. With no existing structures on the land, this is a blank canvas ready for your next project in an exceptional community. Don’t miss out on this incredible opportunity !! More detailsListed by Jessica Chan Real Estate & Management Inc.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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2519 17A Street SW in Calgary: Bankview Residential Land for sale : MLS®# A2199995
2519 17A Street SW Calgary T2T 4S5
$1,140,000Land- Status:
- Active
- MLS® Num:
- A2199995
Prime Land in Bankview – Exceptional Location with Tremendous Potential, Sell together with the corner lot next to it, Total of 9900 sq feet for your development. This rare piece of land located in Bankview offers an unbeatable location just minutes from the vibrant organic market in Marda Loop, grocery stores, cafes, restaurants, and parks. The property is being sold together with the corner lot next to it, offering a fantastic development opportunity in one of Calgary's most desirable neighbourhoods. The properties are zoned RCG, offering potential for multi-residential developments. This land is located within a 5-minute drive to schools, including Richmond School, Mount Royal School, and Dr. Oakley School, making it an ideal location for families. With no existing structures on the land, this is a blank canvas ready for your next project in an exceptional community. Don’t miss out on this incredible opportunity !! More detailsListed by Jessica Chan Real Estate & Management Inc.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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1612 25 Avenue SW in Calgary: Bankview Semi Detached (Half Duplex) for sale : MLS®# A2215833
1612 25 Avenue SW Calgary T2T 0Z8
$970,000Residential- Status:
- Active
- MLS® Num:
- A2215833
- Bedrooms:
- 4
- Bathrooms:
- 6
- Floor Area:
- 1,835 sq. ft.
Welcome to this stunning 3-storey duplex in the desirable inner-city community of Bankview. Thoughtfully designed and beautifully finished, this 4-bedroom, 6-bathroom home offers over 2,000 square feet of sophisticated living space, complemented by soaring ceilings, high-end finishes, and incredible views of downtown Calgary. Step inside to discover a spacious open-concept main floor with 10-foot ceilings and oversized windows that fill the home with natural light. The heart of the home is the designer kitchen featuring high-end Bosch appliances, including a gas cooktop and wall oven, a large central island with sleek stone countertops, and statement lighting that adds a touch of glam. The expansive dining area is perfect for hosting, while the living room is anchored by a dramatic floor-to-ceiling gas fireplace — creating a cozy yet modern focal point. Upstairs, you'll find 9-foot ceilings and three generous bedrooms. The primary suite impresses with a large walk-in closet and a spa-like 4-piece ensuite featuring a glass shower, dual vanities, and refined finishes. Two additional bedrooms share a stylish 3-piece bath, and the central laundry area offers everyday convenience right where you need it. The top floor is your private urban retreat. The spacious loft includes a large bonus room, the fourth bedroom with its own walk-in closet and 4-piece ensuite, and two impressive balconies — one off the bedroom and another off the bonus room. Take in the incredible views of Calgary's downtown skyline while enjoying your morning coffee or an evening glass of wine. Whether you're entertaining or relaxing, this space offers the perfect blend of comfort and style. The lower level adds even more function with a fully finished mud area, additional storage, and a convenient 2-piece bathroom off the oversized double attached garage — ideal for unloading after a busy day. Outdoor living is just as thoughtful with multiple balconies on the first and third floors, rough-in for a BBQ gas line, and the perfect spot to take in the city lights. Additional upgrades include rough-in for air conditioning and in-floor heating, giving you the opportunity to tailor your comfort all year long. Located minutes from 17th Avenue, Marda Loop, parks, schools, and transit, this modern inner-city home in Bankview offers the perfect balance of space, style, and location. Don’t miss your chance to own a home that combines thoughtful design, functional luxury, and unbeatable city views. More detailsListed by RE/MAX iRealty Innovations- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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2111 14A Street SW in Calgary: Bankview Detached for sale : MLS®# A2204619
2111 14A Street SW Calgary T2T 3W9 OPEN HOUSE: Jun 01, 202512:00 PM - 02:00 PM MDTOpen House on Sunday, June 1, 2025 12:00PM - 2:00PM
$950,000Residential- Status:
- Active
- MLS® Num:
- A2204619
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 2,063 sq. ft.
Welcome to this exceptional character home in the heart of Lower Bankview, one of Calgary’s most sought-after inner-city neighbourhoods. This beautifully maintained Arts and Crafts-style residence offers a rare combination of timeless charm and modern functionality, perfect for discerning buyers seeking elevated living just minutes from downtown. From the moment you arrive, the home’s curb appeal makes a lasting impression. A full-width front verandah invites you to slow down and savour morning coffee or unwind in the evening with family and friends—creating a welcoming extension of the living space and a true connection to the outdoors. Inside, the warmth of original maple hardwood floors and rich woodwork sets a tone of understated elegance. Carefully curated updates respect the home’s classic style while enhancing everyday comfort. The heart of the home is a custom cherry kitchen featuring a professional-grade 6-burner gas stove—an ideal setting for both casual meals and culinary entertaining. With three generously sized bedrooms and three full bathrooms, this home offers the space and flexibility today’s urban families or professionals need. The finished basement includes a private walk-up side entry, providing versatile options for a home office, guest suite, or future customization. Outdoors, the west-facing backyard is a tranquil, low-maintenance retreat with mature trees, slate pathways, and serene privacy. A full-size double garage ensures ample storage and convenience for city living. Set on a quiet, tree-lined street with a distinctly established charm, this home is a rare inner-city offering that blends comfort, character, and location. Whether you're enjoying peaceful moments on the porch or entertaining in the stylish kitchen, every detail of this residence invites you to live with intention. This is a property that must be experienced to be fully appreciated. Opportunities like this in Lower Bankview are rare—don’t miss your chance to make it yours. More detailsListed by Century 21 Bamber Realty LTD.- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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1729 25 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2223612
1729 25 Avenue SW Calgary T2T 1A2
$885,000Residential- Status:
- Active
- MLS® Num:
- A2223612
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 856 sq. ft.
50FT X 150FT MCG ZONING - Opportunity to own a prime large lot in a growing desirable inner city neighborhood, surrounded by lots of new developments. This is perfect for builders or investors to hold because THE RECENTLY RENOVATED (new carpet,new paint,new lighting,new plumbing fixtures, new hot water tank) raised DUPLEX bungalow is 2 bedrooms upstairs, and 1 bedroom illegal suite downstairs with a separate entrance and large basement windows-- REVENUE PROPERTY! Roof shingles are less than 5 years old, single detached garage is great for storage, and unbelievable south backyard is like a GREEN OASIS IN THE MIDDLE OF THE CITY. VIEWS OF DOWNTOWN !! PLANS ARE READY FOR 7 UNITS 3&4 BEDROOMS EACH , READY TO SUBMIT FOR DP APPLICATION - More detailsListed by Real Broker- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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2520 16 Street SW in Calgary: Bankview Semi Detached (Half Duplex) for sale : MLS®# A2181221
2520 16 Street SW Calgary T2T 4E9
$874,900Residential- Status:
- Active
- MLS® Num:
- A2181221
- Bedrooms:
- 4
- Bathrooms:
- 5
- Floor Area:
- 1,921 sq. ft.
*** Please click on "Videos" for 3D tour *** THIS PROPERTY WOULD MAKE AN EXCELLENT SHORT TERM RENTAL / AIRBNB ** BE THE FIRST OWNER in this stunning 3 Storey home with VIEWS OF DOWNTOWN in very desirable Bankview! Amazing features include: over 2300 sq feet of development, chef's kitchen with quartz island, 9 foot ceilings on main floor, amazing primary suite with 5-piece en suite bath including roughed-in steam shower/walk-in closet/heated tile floors & private owners balcony, 4 total bedrooms, 4.5 total bathrooms, deck from 2nd level, upper laundry room, engineered hardwood & tile flooring, custom built-ins in EVERY closet, dining room with feature wall, flex room with wet bar & 4-piece bathroom in basement, roughed-in A/C, double insulated/drywalled attached garage, roughed-in in-floor heat & much more! Location is amazing - super quiet street, all schools close by, only 4 min to downtown & easy access to all amenities! It also comes with bumper to bumper warranty (1, 2, 5, 10) & all landscaping - sidewalks/deck/fences & gates/rundle rock! IMMEDIATE POSSESSION! Legal suite can be added pending City approval. Plans are available upon request. Measurements are as follows: Main floor - 671 sq ft, Second Level - 678 sq ft, Third Level - 571, Basement Level Developed - 355 sq ft. More detailsListed by RE/MAX Landan Real Estate- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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2518 16 Street SW in Calgary: Bankview Semi Detached (Half Duplex) for sale : MLS®# A2204309
2518 16 Street SW Calgary T2T 4E9
$874,900Residential- Status:
- Active
- MLS® Num:
- A2204309
- Bedrooms:
- 4
- Bathrooms:
- 5
- Floor Area:
- 1,843 sq. ft.
Important Note: A legal suit can be added to the unit pinding City approval. Plan are prepared and available for submission upon the buyer request...Welcome to this stunning brand-new duplex, in one of the prime location in Calgary ( Bankview ), Over 2200 sq ft of living space, with easy access to local amenities and transportation, Its perfectly designed for comfort and luxury living! With 5 spacious bedrooms and 5 modern bathrooms, with high end appliance package, 10 foot ceilings on main floor / 9 foot ceilings upper & basement, this property offers ample space for families, friends, and guests. don't forget to enjoy the birds sound from the main floor balcony, and for more privacy we made loft with spacious bonus room, Bedroom, bathroom and big balcony to enjoy downtown view. - 4 upper bedrooms with plenty of natural light and built-in closets - 4.5 stylish bathrooms with high-end fixtures and finishes - Double garage attached with additional room behind and kitchenette plus full bathroom - Open-plan living area with gourmet chef's kitchen, perfect for entertaining - High ceilings, elegant fixtures, and modern finishes throughout - Private outdoor spaces for relaxation and enjoyment - Energy-efficient appliances and systems - Smart home technology integration *Don't miss out on this incredible opportunity! Contact us today to schedule a viewing and make this dream home yours More detailsListed by First Place Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
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1815 17A Street SW in Calgary: Bankview Detached for sale : MLS®# A2223738
1815 17A Street SW Calgary T2T 4R7 OPEN HOUSE: May 31, 202501:00 PM - 04:00 PM MDTOpen House on Saturday, May 31, 2025 1:00PM - 4:00PM
$849,000Residential- Status:
- Active
- MLS® Num:
- A2223738
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,285 sq. ft.
OPEN HOUSE MAY 31: 1-4pm!! Experience the perfect fusion of modern elegance and timeless charm in this extensively renovated 3-bedroom, 3-bathroom home by Platinum Build Homes, ideally located in the heart of Bankview. With over 1,700 sq.ft. of beautifully finished living space, this residence delivers both style and function—just steps from the vibrant energy of 17th Avenue SW. The main floor boasts an open-concept layout that seamlessly connects the living area to a contemporary kitchen featuring quartz countertops, sleek cabinetry, and a central island that provides additional seating and durability. This level also includes a bedroom, a stylish 3-piece bathroom, and direct access to a private, low maintenance backyard perfect for entertaining or relaxing. Upstairs, the spacious primary bedroom overlooks 17A Street and includes a modern 3-piece ensuite and functional closet. On the opposite end of the hall, a generous third bedroom offers a 4-piece ensuite, a walk-in closet, and direct access to a massive private deck, ideal for indoor-outdoor living. A conveniently located laundry area completes the upper level. The fully developed basement includes a cozy recreation room—ideal for a media lounge, or home office—as well as a large storage room. Professionally renovated down to the studs, with upgrades to insulation, electrical, plumbing, HVAC, roofing, and siding, this home offers peace of mind and turnkey comfort. The detached garage provides ample parking and storage. Just minutes from downtown Calgary and surrounded by trendy shops, restaurants, and cafes, this property presents a rare opportunity to own a like-new home in one of the city’s most desirable inner-city communities. More detailsListed by Comox Realty- DIANE RICHARDSON
- CIR Realty
- 1 (403) 397 3706
- Diane@mypadCalgary.com
Data was last updated May 30, 2025 at 02:05 PM (UTC)
Featured Listing
316042 160 Avenue West
$1,995,000
MLS®#: A2219597
Bedrooms: 4
Bathrooms: 4.0
Floor Area: 2,583.02 sq. ft.
CIR Realty