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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308 5720 2 Street SW
Manchester Calgary T2H 3B3

$345,900
Residential beds: 2 baths: 2.0 851 sq. ft. built: 2005

Main Photo: 308 5720 2 Street SW in Calgary: Manchester Apartment for sale : MLS®# A2216816
Photo 1: 308 5720 2 Street SW in Calgary: Manchester Apartment for sale : MLS®# A2216816
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Photo 39: 308 5720 2 Street SW in Calgary: Manchester Apartment for sale : MLS®# A2216816
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2216816
Bedrooms:
2
Bathrooms:
2
Year Built:
2005
Are you an INVESTOR or a FIRST TIME HOME BUYER, TIRED OF RENTING? Or are you simply looking for an affordable home in an excellent location? Look no further. This is your great opportunity to own a lovely 2 bedroom, 2 bath corner apartment conveniently located just minutes from the C-Train or Chinook Centre, offering all the amenities you can think of. This spacious and modern third floor home features an excellent kitchen with loads of counter and cupboard space great appliances, upgraded countertops with a raised breakfast bar, an open concept, bright living and dining area adorned with gorgeous new wood floors, a comforting soothing corner gas fireplace for those winter evenings, and large windows that flood the space with natural daylight. Your new condo boasts 9’ ceilings, wonderful decor, and great decor that enhances this amazing space. The master bedroom is generously sized with great closet space and offers access to the 4pc bath. Fabulous front entry way, great bedroom and front bathroom for guests and family. You will also have the convenience of in-suite laundry with a stackable washer/dryer and an extra storage locker in the parkade, along with elevator access for ease of use. Step out onto the east-facing sizeable private balcony and enjoy your morning coffee while overlooking the beautiful park with mature trees, play ground and features a natural gas hookup for your BBQ convenience. Enjoy easy access to public transportation, shops, restaurants, and if you prefer to drive, you can easily reach any part of the city from here with ease. Additionally, there is a heated parking spot for your vehicle. The complex is also pet-friendly, with pets allowed subject to restrictions and board approval. Don’t hesitate, call today, a Must to see!
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:
850.88 sq. ft.
Main Level Finished Area:
850.88 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$679.00
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Professional Management, Reserve Fund Contributions, Snow Removal
HOA Fee Includes:
Lot Area:
0 sq. ft.
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Other
Entry Level:
3
Stories Total:
4
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
2005 (Age: 20)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0513847
Heating:
Baseboard, Natural Gas, See Remarks
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
0
Parking:
Assigned, Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Manchester Place
Manchester
Bicycle Storage, Park, Parking, Playground, Snow Removal, Storage, Trash, Visitor Parking
Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
N/A
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom
10'8" × 10'
Main Floor
Kitchen
8'2" × 7'10"
Main Floor
Bedroom - Primary
11'11" × 11'8"
Main Floor
Dining Room
10'3" × 8'7"
Main Floor
Living Room
13'5" × 12'
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
0' x 0'
Main Floor
No
3
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Closet Organizers, High Ceilings, Kitchen Island, Low Flow Plumbing Fixtures, No Smoking Home, Open Floorplan, Stone Counters, Storage
Exterior Features:
Garden, Lighting, Playground
Patio And Porch Features:
Deck, Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC
Listed Date:
May 08, 2025
Days on Mkt:
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Listed by MaxWell Capital Realty
Data was last updated May 23, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
6,762
Avg list price:
$589,900
Min list price:
$100,000
Max list price:
$13,888,000
Avg days on market:
28
Min days on market:
0
Max days on market:
665
Avg price per sq.ft.:
$426.12
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706