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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201 804 18 Avenue SW
Lower Mount Royal Calgary T2T 0G8

$330,000
Residential beds: 1 baths: 1.0 611 sq. ft. built: 1912

Main Photo: 201 804 18 Avenue SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2217600
Photo 1: 201 804 18 Avenue SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2217600
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2217600
Bedrooms:
1
Bathrooms:
1
Year Built:
1912
Heritage Charm Meets Urban Lifestyle – Excellent Value in Anderson Estates! Welcome to Calgary’s most iconic heritage building in the heart of Lower Mount Royal. This historic 1-bedroom inner courtyard unit in Anderson Estates offers timeless character, modern updates, and unbeatable value. Featuring soaring 10’ ceilings, oversized 6’ windows, granite kitchen counters, custom maple cabinetry, in-suite laundry, and a cast iron clawfoot tub—this unit blends vintage elegance with daily functionality. A formal dining room with an original built-in china cabinet adds charm, while the spacious living room offers potential for a second bedroom conversion. Enjoy views of brick and sandstone, along with a warm courtyard glow that reflects the building’s rich 110-year history. Anderson Estates is pet-friendly and known for its vibrant, creative community. Amenities include weekday concierge, bike storage, assigned storage lockers, free laundry facilities, and two stunning courtyards with BBQ, fire table, and lounge areas. Eligible for City of Calgary heritage street parking permit or lease nearby underground parking. Located steps from 17th Ave’s shops, dining, and transit. A rare opportunity to own in one of Calgary’s most sought-after buildings—this is exceptional value in a truly unique property.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment-Single Level Unit
Total Living Area:
611.44 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$533.00
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Professional Management, Reserve Fund Contributions
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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northwest
Floor Location:
Other
Entry Level:
2
Stories Total:
5
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1912 (Age: 113)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0110755
Heating:
Boiler, Hot Water, Radiant
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Roof:
Rolled/Hot Mop
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street
Parking Places:
0
Parking Total/Covered:
0 / -
Laundry Features:
Common Area, In Unit
Condo Fee Frequency:
Monthly
Anderson Apartments
Lower Mount Royal
Elevator(s), Laundry, Storage, Trash
Dishwasher, Electric Stove, Microwave, Refrigerator, Washer/Dryer, Window Coverings
N/A
Architectural Guidelines, Historic Site
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
13'10" × 9'5"
Main Floor
Dining Room
15'8" × 10'1"
Main Floor
Kitchen
10'8" × 6'7"
Main Floor
Living Room
15'8" × 10'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'10" x 10'8"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Built-in Features, Ceiling Fan(s), Granite Counters, High Ceilings, Natural Woodwork, Soaking Tub, Wood Windows
Exterior Features:
Courtyard
Patio And Porch Features:
None
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
May 08, 2025
Days on Mkt:
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    Courtyard for weekend movie night
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    Beautifully maintained hardwood
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    Virtually staged
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Listed by Real Estate Professionals Inc.
Data was last updated May 24, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$295,000
Min list price:
$189,000
Max list price:
$1,799,000
Avg days on market:
22
Min days on market:
2
Max days on market:
88
Avg price per sq.ft.:
$417.5
These statistics are generated based on the current listing's property type and located in Lower Mount Royal. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706