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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111 Deer Ridge Way SE
Deer Ridge Calgary T2J 5Y7

$649,900
Residential beds: 5 baths: 2.0 1,076 sq. ft. built: 1979

Main Photo: 111 Deer Ridge Way SE in Calgary: Deer Ridge Detached for sale : MLS®# A2216022
Photo 1: 111 Deer Ridge Way SE in Calgary: Deer Ridge Detached for sale : MLS®# A2216022
Photo 2: 111 Deer Ridge Way SE in Calgary: Deer Ridge Detached for sale : MLS®# A2216022
Photo 3: 111 Deer Ridge Way SE in Calgary: Deer Ridge Detached for sale : MLS®# A2216022
Photo 4: 111 Deer Ridge Way SE in Calgary: Deer Ridge Detached for sale : MLS®# A2216022
Photo 5: 111 Deer Ridge Way SE in Calgary: Deer Ridge Detached for sale : MLS®# A2216022
Photo 6: 111 Deer Ridge Way SE in Calgary: Deer Ridge Detached for sale : MLS®# A2216022
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Photo 41: 111 Deer Ridge Way SE in Calgary: Deer Ridge Detached for sale : MLS®# A2216022
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2216022
Bedrooms:
5
Bathrooms:
2
Year Built:
1979
Great opportunity in the sought-after community of Deer Ridge! This spacious and well-maintained 4-level split offers both a 5-bedroom main residence and a fully legal 2-bedroom basement suite, makes for an ideal rental property, or live up, and rent down. Located on a quiet street, the property is walking distance to schools, grocery stores, restaurants, transit, and the scenic trails of Fish Creek Park. The upper two levels feature three good-sized bedrooms, a 4-piece bathroom, and an open main floor with a bright living room, dining area, and a functional kitchen with plenty of cabinet space and natural light. Fresh paint and updated flooring make the space feel move-in ready. The lower two levels have been professionally renovated into a legal suite with a private entrance, a large modern kitchen, spacious living area, two bedrooms, and a full bathroom. There’s also in-suite laundry, making this an excellent mortgage helper. Additional updates include a new hot water tank and a new electrical panel, providing peace of mind and long-term value. Outside, the oversized yard offers a concrete patio, the view of many mature trees, and lots of space for outdoor enjoyment or future garage development. There’s also ample off-street parking. With a legal suite, great layout, recent updates, and a prime location near Fish Creek Park, this is a rare find in an established, family-friendly neighbourhood.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
4 Level Split
Total Living Area:
1,076 sq. ft.
Main Level Finished Area:
1,076 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
901.78 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,004 sq. ft.
Lot Frontage:
43'5"
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:
Southeast
Reg. Size:
Reg. Size Includes:
Levels:
4 Level Split
Total Rooms Above Grade:
6
Year built:
1979 (Age: 46)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
7910238
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Asphalt, Parking Pad
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, In Kitchen, Multiple Locations
Deer Ridge
Built-In Electric Range, Dishwasher, Electric Stove, Oven-Built-In, Range Hood, Refrigerator, Washer/Dryer Stacked, Window Coverings
Storage shed
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Kitchen
12'6" × 8'11"
Main Floor
Dining Room
13' × 8'2"
Main Floor
Living Room
17'2" × 12'2"
Main Floor
Laundry
3' × 2'10"
Main Floor
Bedroom - Primary
11'10" × 10'3"
Main Floor
Bedroom
10'11" × 7'5"
Main Floor
Bedroom
9'5" × 8'7"
Basement
Kitchen
8'8" × 8'5"
Basement
Dining Room
12'8" × 7'4"
Basement
Living Room
15'4" × 7'4"
Basement
Laundry
8'2" × 3'10"
Basement
Bedroom
9'6" × 9'4"
Basement
Bedroom
9'6" × 9'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 8'8"
Basement
No
4
6'5" x 8'2"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Built-in Features, Quartz Counters, Recessed Lighting, Separate Entrance, Storage
Exterior Features:
Private Yard, Storage
Patio And Porch Features:
Patio
Lot Features:
Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-CG
Listed Date:
May 01, 2025
Days on Mkt:
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    Bright main floor kitchen
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    Easy access to the dining room.
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Listed by RE/MAX First
Data was last updated May 18, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
6,668
Avg list price:
$584,900
Min list price:
$100,000
Max list price:
$13,888,000
Avg days on market:
27
Min days on market:
1
Max days on market:
659
Avg price per sq.ft.:
$426.08
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