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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226 8239 Elbow Drive SW
Chinook Park Calgary T2K 1K6

$207,500
Residential beds: 2 baths: 1.0 820 sq. ft. built: 1960

Main Photo: 226 8239 Elbow Drive SW in Calgary: Chinook Park Apartment for sale : MLS®# A2230772
Photo 1: 226 8239 Elbow Drive SW in Calgary: Chinook Park Apartment for sale : MLS®# A2230772
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2230772
Bedrooms:
2
Bathrooms:
1
Year Built:
1960
Welcome to this beautifully updated 2-bedroom, 1-bath main level condo located in the highly desirable and well-established community of Chinook Park in Southwest Calgary. Offering a fantastic blend of space, style, and convenience, this home is perfect for first-time buyers, downsizers, or savvy investors. Step inside to discover a bright and spacious layout featuring luxury vinyl plank flooring throughout the main living areas, complemented by modern tile in the kitchen and bathroom. The oversized living room is filled with natural light thanks to large windows, creating a warm and inviting space to relax or entertain. The kitchen is a standout, boasting sleek stainless steel appliances, rich cabinetry, stylish full tile backsplash, and beautiful quartz looking laminate countertops. A moveable island adds flexibility and creates the perfect spot for casual dining or meal prep. There’s ample space for a full dining setup as well. Both bedrooms are generously sized with large windows and spacious closets, offering plenty of light and comfort. The renovated 4-piece bathroom mirrors the kitchen's upscale finishes, featuring a modern quartz countertop, earth-tone cabinetry, and a coordinating full tile backsplash. Unique to this unit is a rare walk-in in-suite storage room—a valuable feature rarely found in condos. The entire ceiling has also been upgraded to California knockdown texture, giving the home a fresh, modern feel. Additional conveniences include a common laundry facility just steps from the unit, an assigned parking stall close to the building, and access to a beautifully landscaped courtyard with mature trees and green space—ideal for unwinding or connecting with neighbors. Chinook Park is a sought-after community offering a peaceful, suburban feel with unbeatable urban access. Surrounded by major roadways like Glenmore Trail, Elbow Drive, and 14th Street, commuting is effortless. Enjoy nearby attractions like Weaselhead Flats, Glenmore Reservoir, and Heritage Park, and take advantage of top-rated schools such as Chinook Park School and Henry Wise Wood High School just minutes away. Whether you're looking for your first home or a low-maintenance lifestyle in a prime location, this condo is a must-see. Book your private showing today and discover the comfort and convenience of life in Chinook Park!
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:
820.01 sq. ft.
Main Level Finished Area:
820.01 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$555.00
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Below Grade
Entry Level:
1
Stories Total:
3
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
1960 (Age: 65)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
9511565
Heating:
Baseboard
New Constr.:
No
Construction Material:
Stucco, Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Vinyl, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Alley Access, Assigned, Outside, Paved, Stall
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
Common Area
Condo Fee Frequency:
Monthly
Z-name Not Listed
Chinook Park
Coin Laundry, Parking, Visitor Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Window Coverings
1 Laundry Card, 4 Fobs
Pets Not Allowed
No
Floor
Type
Size
Other
Main Floor
Living Room
17'1" × 12'10"
Main Floor
Kitchen
9'7" × 8'2"
Main Floor
Dining Room
8'7" × 7'6"
Main Floor
Bedroom - Primary
11'9" × 9'9"
Main Floor
Bedroom
9'9" × 9'9"
Main Floor
Foyer
7'4" × 5'7"
Main Floor
Storage
6'6" × 3'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6'6" x 7'9"
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Open Floorplan, Quartz Counters, Storage, Vinyl Windows
Exterior Features:
Courtyard
Patio And Porch Features:
None
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-C2
Listed Date:
Jun 13, 2025
Days on Mkt:
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Listed by Jayman Realty Inc.
Data was last updated August 1, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
7,055
Avg list price:
$569,900
Min list price:
$99,999
Max list price:
$934,999,000
Avg days on market:
36
Min days on market:
0
Max days on market:
735
Avg price per sq.ft.:
$415.13
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