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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248 Sheep River Lane
Sheep River Ridge Okotoks T1S 1N8

$529,900
Residential beds: 4 baths: 3.0 1,358 sq. ft. built: 1994

Main Photo: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
Photo 1: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
Photo 2: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
Photo 3: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
Photo 4: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
Photo 5: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
Photo 6: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
Photo 7: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
Photo 8: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
Photo 9: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
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Photo 24: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
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Photo 40: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
Photo 41: 248 Sheep River Lane: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2213308
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2213308
Bedrooms:
4
Bathrooms:
3
Year Built:
1994
***HUGE PRICED REDUCTION!!*** EVERYTHING YOU'RE LOOKING FOR IN YOU NEW HOME! This 4 bedroom, 3 1/2 bath, semi detached 2 storey has it all and no condo fees! The covered front porch is the perfect place to enjoy your morning coffee or the amazing evening sunsets. The main level greets you with a spacious living room that features a cozy fireplace, dining area, powder room and lots of storage by the front and back doors. The beautiful, unique kitchen with stainless appliances is a must see!! The upper level offers a large primary bedroom with a walk-in closet and 3 piece ensuite. The 2nd and 3rd bedrooms and 4 piece bath complete this level. No problem sleeping through the hot summer nights with your central air conditioning. The lower level includes a 4th bedroom that would be great for teenagers or guests. The remainder of the lower level is partially finished with a huge rec/games area, a 3 piece bath, laundry area and mechanical room. Outside, you'll be impressed with a huge patio that will be enjoyed by everyone for BBQs with family and friends, playdates or just relaxing in the sunshine. The oversized garage (20X26) is insulated and heated with over head doors front and back. There's also extra storage in the upper loft of the garage, very clever. Located on a quite cul-de-sac in desirable Sheep River, this home is close to schools, shopping, walking paths and restaurants.
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey, Attached-Side by Side
Total Living Area:
1,358 sq. ft.
Main Level Finished Area:
678.5 sq. ft.
Upper Level Finished Area:
679.5 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
641.5 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,509 sq. ft.
Lot Frontage:
35'7½"
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:
West
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
1994 (Age: 31)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
9311644
Heating:
Forced Air, Natural Gas
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Laminate, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Electric, Living Room, Mantle
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Heated Garage, Insulated, Oversized
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Sheep River Ridge
Central Air Conditioner, Dishwasher, Dryer, Microwave Hood Fan, Refrigerator, Stove(s), Washer, Window Coverings
None
None Known
Floor
Type
Size
Other
Main Floor
Entrance
4'2" × 3'10"
Main Floor
Living Room
16' × 10'9"
Main Floor
Dining Room
16'2" × 7'
Main Floor
Kitchen
10' × 9'1"
Upper Level
Bedroom - Primary
14'5" × 12'
Upper Level
Bedroom
11' × 9'9"
Upper Level
Bedroom
11' × 9'9"
Basement
Bedroom
13'5" × 9'1"
Basement
Game Room
20'5" × 8'10"
Basement
Laundry
14'1" × 10'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'5" x 5'
Upper Level
No
4
8' x 7'
Upper Level
Yes
3
6'6" x 5'2"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), No Smoking Home, See Remarks, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Front Porch, Patio, See Remarks
Lot Features:
Back Lane, Cul-De-Sac, Front Yard, Rectangular Lot, See Remarks
Num. of Parcels:
0
Fencing:
Fenced
Region:
Foothills County
Zoning:
TN
Listed Date:
Apr 22, 2025
Days on Mkt:
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Listed by Century 21 Foothills Real Estate
Data was last updated June 1, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
136
Avg list price:
$690,850
Min list price:
$175,900
Max list price:
$2,485,000
Avg days on market:
24
Min days on market:
1
Max days on market:
271
Avg price per sq.ft.:
$406.51
These statistics are generated based on the current listing's property type and located in Okotoks. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706