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.

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  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
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10 Elmont Close SW
Springbank Hill Calgary T3H 6A6

$2,290,000
Residential beds: 6 baths: 6.0 3,573 sq. ft. built: 2025

Main Photo: 10 Elmont Close SW in Calgary: Springbank Hill Detached for sale : MLS®# A2204667
Photo 1: 10 Elmont Close SW in Calgary: Springbank Hill Detached for sale : MLS®# A2204667
Photo 2: 10 Elmont Close SW in Calgary: Springbank Hill Detached for sale : MLS®# A2204667
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2204667
Bedrooms:
6
Bathrooms:
6
Year Built:
2025
Welcome to a luxurious new home in the prestigious Springbank Hill community of Calgary! This beautiful 2-storey home is currently under construction, with possession available in approximately 8 to 10 months. There’s still time to customize the interior finishes to suit your personal taste. Located on a desirable street on Elmont Close SW, this thoughtfully designed home offers a perfect balance of elegance and functionality. Oversized windows and an open-concept layout create a bright and spacious atmosphere throughout. The heart of the home is the well-equipped kitchen, featuring professional-grade appliances, a sleek quartz island, well-appointed cabinetry, a spice kitchen and a pantry adds extra convenience for preparing large meals or entertaining. The main floor layout includes a large living room with a modern fireplace, a spacious dining area, a 2-piece bathroom, a functional mudroom, and a private office — ideal for working from home or organizing daily routines. Upstairs, the primary suite offers a walk-in closet and a stunning 5-piece ensuite with modern finishes. Three additional bedrooms, an attached full bathroom, and a spacious bonus/family room complete the upper level — perfect for a growing family. The fully finished basement adds even more living space, including two additional bedrooms, a large rec room, a full bathroom, a wet bar, and a separate entrance — ideal for guests or extended family. Set in one of Calgary’s most sought-after neighborhoods, this home blends high-end design, everyday comfort, and unbeatable location. Experience the lifestyle you’ve been looking for — with the rare opportunity to make it truly your own.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
3,572.92 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,532 sq. ft.
Lot Frontage:
51'8"
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:
Southwest
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2025 (Age: 0)
Bedrooms:
6 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Bathrooms:
6.0 (Full:5, Half:1)
Plan:
1911367
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Concrete, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Other
Cooling:
Central Air
Fireplaces:
3
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
3
Parking:
Triple Garage Attached
Parking Places:
6
Parking Total/Covered:
6 / -
Laundry Features:
Upper Level
Springbank Hill
Built-In Oven, Dishwasher, Dryer, Electric Range, Gas Cooktop, Microwave, Range Hood, Refrigerator, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
15' × 9'
Main Floor
Living Room
15'6" × 14'
Main Floor
Kitchen
17'8" × 13'6"
Main Floor
Spice Kitchen
10'10" × 7'10"
Main Floor
Pantry
5'5" × 5'1"
2nd Floor
Bedroom - Primary
19'2" × 15'
2nd Floor
Walk-In Closet
15'6" × 5'7"
2nd Floor
Bedroom
13'7" × 10'8"
2nd Floor
Bedroom
13'7" × 12'4"
2nd Floor
Walk-In Closet
5'5" × 5'
2nd Floor
Bedroom
12'11" × 12'7"
2nd Floor
Walk-In Closet
5'2" × 4'7"
2nd Floor
Laundry
8'4" × 5'2"
2nd Floor
Family Room
15'6" × 13'4"
Basement
Bedroom
13'2" × 11'2"
Basement
Bedroom
13'2" × 11'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 4'8"
2nd Floor
Yes
5
15'6" x 13'1"
2nd Floor
Yes
3
10'8" x 8'3"
2nd Floor
Yes
4
5'5" x 8'3"
2nd Floor
Yes
4
7'8" x 5'2"
Basement
No
4
8'3" x 5'1"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Kitchen Island, No Animal Home, No Smoking Home, Pantry, Quartz Counters, Walk-In Closet(s)
Exterior Features:
Other
Patio And Porch Features:
Deck
Lot Features:
Irregular Lot
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-G
Listed Date:
Apr 02, 2025
Days on Mkt:
  • Photo 1: 10 Elmont Close SW in Calgary: Springbank Hill Detached for sale : MLS®# A2204667
    Photo 1 of 2
  • Photo 2: 10 Elmont Close SW in Calgary: Springbank Hill Detached for sale : MLS®# A2204667
    Photo 2 of 2
Larger map options:
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Listed by CalEstate Realty
Data was last updated May 19, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$684,313
Min list price:
$269,000
Max list price:
$3,649,000
Avg days on market:
38
Min days on market:
4
Max days on market:
432
Avg price per sq.ft.:
$466.38
These statistics are generated based on the current listing's property type and located in Springbank Hill. Average values are derived using median calculations.
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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