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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2027 37 Street SW
Glendale Calgary T3E 3A5

$774,900
Residential beds: 5 baths: 2.0 996 sq. ft. built: 1954

Main Photo: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 1: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 2: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 3: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 4: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 5: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 6: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 7: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 8: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 9: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 10: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 11: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 12: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 13: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 14: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 15: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 16: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 17: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 18: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 19: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Photo 20: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2238324
Bedrooms:
5
Bathrooms:
2
Year Built:
1954
ATTENTION BUILDERS, DEVELOPERS, & INVESTORS! This is a great opportunity for a 58’ x 100’ M-C1 zoned lot in Glendale! Situated along vibrant 37 Street, this extra-wide lot is zoned M-C1, allowing for various redevelopment opportunities, including townhomes and residential (subject to city approval). Neighbouring lots have been approved for 6 units each, with parking at the rear. This location is fantastically walkable—just 7 minutes to amenities, including a Shoppers Drug Mart, and 12 minutes to Westbrook Mall, with Safeway and Walmart providing all your daily essentials. Public transit is right on the doorstep, plus the Westbrook LRT is just a 12-minute walk away. This property is a fantastic buy-and-hold investment. The existing home is in great shape, featuring a 3-bed main floor and a 2-bed basement illegal suite—both with their own in-suite laundry. The upper home has been renovated and is in excellent condition. Both units are currently rented to great tenants for over $3,000/month in combined earnings, allowing for additional rental income while you do up plans and get the permits for development. Seize this prime redevelopment opportunity in a thriving community—don’t miss your chance to invest in one of Calgary’s most desirable inner-city neighbourhoods! Reach out today for more information.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
996.25 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
883.5 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,791 sq. ft.
Lot Frontage:
57'11¾"
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:
Levels:
One
Total Rooms Above Grade:
5
Year built:
1954 (Age: 71)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2860GR
Heating:
Forced Air
Basement:
Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, Main Level
Glendale (Calgary)
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer, Window Coverings
Lower Suite: Dishwasher, Microwave Hood Fan, Electric Stove, Fridge, Washer, Dryer, Window Coverings
None Known
Floor
Type
Size
Other
Main Floor
Living Room
14'11" × 11'6"
Main Floor
Kitchen
15'4" × 12'8"
Main Floor
Bedroom - Primary
11'6" × 10'8"
Main Floor
Bedroom
10'9" × 8'
Main Floor
Bedroom
11'6" × 8'9"
Basement
Bedroom
10'9" × 10'5"
Basement
Bedroom
15'1" × 9'9"
Basement
Game Room
15'3" × 13'5"
Basement
Kitchen
11'8" × 9'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Basement
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Built-in Features, See Remarks
Exterior Features:
Private Entrance, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Front Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
M-C1
Listed Date:
Jul 09, 2025
Days on Mkt:
  • Photo 1: 2027 37 Street SW in Calgary: Glendale Detached for sale : MLS®# A2238324
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Listed by RE/MAX House of Real Estate
Data was last updated July 29, 2025 at 10:05 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$787,400
Min list price:
$419,000
Max list price:
$2,150,000
Avg days on market:
20
Min days on market:
5
Max days on market:
61
Avg price per sq.ft.:
$715.41
These statistics are generated based on the current listing's property type and located in Glendale. Average values are derived using median calculations. This data is not produced by the MLS® system.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA