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.

Forgot password Extend Verify Contact

221 4138 University Avenue NW
University District Calgary T3B 6L4

$599,900
Residential beds: 2 baths: 2.0 889 sq. ft. built: 2020

Main Photo: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 1: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 2: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 3: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 4: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 5: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 6: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 7: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 8: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 9: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 10: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 11: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 12: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 13: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 14: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 15: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 16: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 17: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 18: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 19: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 20: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 21: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 22: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 23: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 24: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 25: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 26: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 27: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 28: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Photo 29: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2219407
Bedrooms:
2
Bathrooms:
2
Year Built:
2020
Welcome to Unit #221 at 4138 University Ave NW – a stunning 2 bed, 2 full bath corner apartment in the heart of Calgary’s University District. 400 meters from the University of Calgary campus, this beautifully upgraded unit offers the perfect blend of style, convenience, and location. With a bright south-facing exposure, this freshly painted home features quartz countertops, upgraded rain shower heads, and the highest trim level offered by the builder – including premium blinds, upgraded door hardware, and enhanced finishing throughout. Stay cool year-round with in unit A/C, a rare builder upgrade, and enjoy summer evenings on your private deck with a natural gas BBQ hookup. This unit comes with 2 titled underground parking stalls, an assigned storage locker, and access to an on-site car wash. Building amenities include indoor bike storage, a second floor raised courtyard with BBQ and fire-pit, and a main-floor residents’ lounge with full kitchen – ideal for entertaining or working from home. If you want to live steps from the University of Calgary, the Alberta Children’s, and Foothills Hospitals, then this is the home for you! Right outside your door, enjoy walkable access to Cineplex VIP, OrangeTheory, The Canadian Brewhouse, OEB, and countless other restaurants, cafés, and entertainment options. Market Mall is just a 3-minute drive away, and several grade schools are nearby. Whether you’re a student, professional, investor, or looking for the ultimate inner-city lifestyle – this move-in-ready home offers unbeatable value in one of Calgary’s most vibrant and growing communities. For more details, including photos, builder plans, and more, click the links below.
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:
888.64 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$660.61
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Trash, Water
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:
South
Floor Location:
Other
Entry Level:
2
Stories Total:
6
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2020 (Age: 5)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2011323
Heating:
Boiler
New Constr.:
No
Construction Material:
Brick, Composite Siding
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Carpet, Laminate, Tile
Cooling:
ENERGY STAR Qualified Equipment, Wall Unit(s)
Fireplaces:
0
Garage:
0
Garage Spaces:
2
Parking:
Heated Garage, Parkade, Stall, Titled, Underground
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
University District
Bicycle Storage, Car Wash, Elevator(s), Party Room, Roof Deck, Secured Parking, Storage, Visitor Parking
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Wall/Window Air Conditioner, Washer
N/A
Pet Restrictions or Board approval Required, Pets Allowed
Yes
Floor
Type
Size
Other
Main Floor
Bedroom
10'9" × 9'8"
Main Floor
Dining Room
12'1" × 8'
Main Floor
Kitchen
12'1" × 8'1"
Main Floor
Living Room
13'3" × 11'2"
Main Floor
Bedroom - Primary
14'8" × 11'4"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
8'3" x 8'4"
Main Floor
No
4
4'11" x 8'4"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Elevator, Kitchen Island, No Smoking Home, Quartz Counters, Recessed Lighting, Soaking Tub, Storage, Walk-In Closet(s)
Exterior Features:
Courtyard
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
DC
Listed Date:
May 15, 2025
Days on Mkt:
  • Photo 1: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 1 of 29
  • Photo 2: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 2 of 29
  • Photo 3: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 3 of 29
  • Photo 4: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 4 of 29
  • Photo 5: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 5 of 29
  • Photo 6: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 6 of 29
  • Photo 7: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 7 of 29
  • Photo 8: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 8 of 29
  • Photo 9: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 9 of 29
  • Photo 10: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 10 of 29
  • Photo 11: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 11 of 29
  • Photo 12: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 12 of 29
  • Photo 13: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 13 of 29
  • Photo 14: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 14 of 29
  • Photo 15: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 15 of 29
  • Photo 16: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 16 of 29
  • Photo 17: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 17 of 29
  • Photo 18: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 18 of 29
  • Photo 19: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 19 of 29
  • Photo 20: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 20 of 29
  • Photo 21: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 21 of 29
  • Photo 22: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 22 of 29
  • Photo 23: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 23 of 29
  • Photo 24: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 24 of 29
  • Photo 25: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 25 of 29
  • Photo 26: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 26 of 29
  • Photo 27: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 27 of 29
  • Photo 28: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 28 of 29
  • Photo 29: 221 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2219407
    Photo 29 of 29
Listed by eXp Realty
Data was last updated May 24, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$544,950
Min list price:
$299,999
Max list price:
$1,439,900
Avg days on market:
28
Min days on market:
1
Max days on market:
140
Avg price per sq.ft.:
$679.99
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