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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633 22 Avenue NE
Winston Heights/Mountview Calgary T2E 1V3

$3,300,000
Multi-Family 5,257 sq. ft. built: 2025

Main Photo: 633 22 Avenue NE in Calgary: Winston Heights/Mountview Row/Townhouse for sale : MLS®# A2235638
Photo 1: 633 22 Avenue NE in Calgary: Winston Heights/Mountview Row/Townhouse for sale : MLS®# A2235638
Photo 2: 633 22 Avenue NE in Calgary: Winston Heights/Mountview Row/Townhouse for sale : MLS®# A2235638
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2235638
Year Built:
2025
A tremendous opportunity to enhance your real estate portfolio with this show-stopping 4-plex in the heart of Winston Heights—an established inner-city community known for its central location, strong rental demand, and vibrant neighborhood charm. This brand-new, purpose-built investment property features four beautifully designed townhomes, each with 3 bedrooms, paired with four fully legal 2-bedroom basement suites—eight rentable units in total, all with private entrances for maximum flexibility and income potential. From the moment you arrive, the striking curb appeal sets this property apart. The exterior design is a standout, showcasing timeless architecture with a modern twist—clean lines, premium materials, and a sophisticated color palette create a truly upscale, boutique feel. Thoughtful landscaping, stylish lighting, and a unified facade add to the classy, high-end aesthetic that’s rarely seen in multi-family builds. Inside, each unit is finished with contemporary, low-maintenance features designed to attract quality tenants and minimize operational costs. Quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and large energy-efficient windows bring together form and function with elegant ease. Ideally located just minutes from downtown Calgary and within easy reach of major roadways, transit, parks, schools, and shopping, this property offers unmatched convenience for tenants and exceptional cash flow potential for investors. CMHC Select Financing eligible, this is a rare opportunity to own a high-yield, turnkey asset with long-term appreciation in a prime location. Don’t miss your chance to invest in one of the most visually stunning and thoughtfully designed 4-plexes Calgary has to offer. Contact us today for more details or to schedule a private tour.
Property Type:
Multi-Family
Property Sub Type:
Row/Townhouse
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
5,256.81 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,146 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:
Reg. Size:
Reg. Size Includes:
Year built:
2025 (Age: 0)
Bathrooms:
- (Full:-, Half:-)
Plan:
1552W
Structure Type:
Four Plex
Ensuite:
No
Garage:
0
Parking Places:
4
Parking Total/Covered:
4 / -
Winston Heights/Mountview
N/A
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Jun 30, 2025
Days on Mkt:
  • Photo 1: 633 22 Avenue NE in Calgary: Winston Heights/Mountview Row/Townhouse for sale : MLS®# A2235638
    Photo 1 of 2
  • Photo 2: 633 22 Avenue NE in Calgary: Winston Heights/Mountview Row/Townhouse for sale : MLS®# A2235638
    Photo 2 of 2
Listed by The Real Estate District
Data was last updated July 23, 2025 at 10:05 PM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$2,375,000
Min list price:
$899,000
Max list price:
$13,800,000
Avg days on market:
51
Min days on market:
5
Max days on market:
199
Avg price per sq.ft.:
$533.33
These statistics are generated based on the current listing's property type and located in Calgary. 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