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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108 150 Lebel Crescent NW
University District Calgary T3A 0B1

$1,329,900
Residential beds: 3 baths: 3.0 2,007 sq. ft. built: 2025

Main Photo: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
Photo 1: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
Photo 2: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
Photo 3: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
Photo 4: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
Photo 5: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
Photo 6: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
Photo 7: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
Photo 8: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
Photo 9: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2215665
Bedrooms:
3
Bathrooms:
3
Year Built:
2025
Discover elevated urban living in this beautifully appointed 3-bedroom luxury townhome, where thoughtful design meets effortless sophistication. Enjoy the convenience of your own private elevator connecting each level—from the spacious main living area to the show-stopping rooftop patio, perfect for entertaining, lounging, or soaking in the skyline views. Inside, this home is all about space, light, and high-end detail. The open-concept layout features a designer kitchen with premium SubZero appliances, sleek cabinetry, and a large island that anchors the space. The primary bedroom is a true retreat, complete with a walk-in closet and a spa-like ensuite. Two additional bedrooms offer flexibility for guests, or growing needs. From the rooftop to the garage, every inch of this residence has been designed for elevated comfort and contemporary style. Perfectly suited for modern living with room to grow. Photos are representative.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,006.79 sq. ft.
Main Level Finished Area:
1,058.31 sq. ft.
Upper Level Finished Area:
948.48 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$230.00
Condo Fee Includes:
See Remarks
HOA Fee Frequency:
Monthly
HOA Fee Includes:
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:
Southeast
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Three Or More
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2025 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
TBD
Heating:
Forced Air, Natural Gas
Basement:
Finished, None
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Brick, Cement Fiber Board, Wood Frame
Structure Type:
Other
Roof:
Rolled/Hot Mop
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Electric, Mantle
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
University District
None
Dishwasher, Dryer, Gas Range, Microwave, Range Hood, Refrigerator, Washer
N/A
None Known
Yes
Floor
Type
Size
Other
Main Floor
Flex Space
9'4" × 8'10"
2nd Floor
Dining Room
15'6" × 13'
2nd Floor
Kitchen
20' × 13'8"
3rd Floor
Bedroom - Primary
26'1" × 14'10"
3rd Floor
Bedroom
13'8" × 10'
3rd Floor
Bedroom
13'8" × 10'
Floor
Ensuite
Pieces
Other
2nd Floor
No
2
0' x 0'
3rd Floor
Yes
4
0' x 0'
3rd Floor
No
4
0' x 0'
Title to Land:
Leasehold
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Closet Organizers, Double Vanity, Elevator, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Tankless Hot Water
Exterior Features:
Balcony, Private Entrance
Patio And Porch Features:
Balcony(s)
Lot Features:
Backs on to Park/Green Space
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-G
Listed Date:
Apr 29, 2025
Days on Mkt:
  • Photo 1: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
    Photo 1 of 9
  • Photo 2: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
    Photo 2 of 9
  • Photo 3: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
    Photo 3 of 9
  • Photo 4: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
    Photo 4 of 9
  • Photo 5: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
    Photo 5 of 9
  • Photo 6: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
    Photo 6 of 9
  • Photo 7: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
    Photo 7 of 9
  • Photo 8: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
    Photo 8 of 9
  • Photo 9: 108 150 Lebel Crescent NW in Calgary: University District Row/Townhouse for sale : MLS®# A2215665
    Photo 9 of 9
Listed by Bode Platform Inc.
Data was last updated May 20, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$550,000
Min list price:
$299,999
Max list price:
$1,439,900
Avg days on market:
27
Min days on market:
3
Max days on market:
136
Avg price per sq.ft.:
$684.9
These statistics are generated based on the current listing's property type and located in University District. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706