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.

Find Your Perfect Home in Southeast Calgary: Browse by Price Range

$200,000 - $375,000 $500,000 - $600,000 $800,000 - $900,000
$350,000 - $500,000 $600,000 - $700,000 $900,000 -
$400,000 - $500,000 $700,000 - $800,000 SW CALGARY HOMES FOR SALE

Explore Mahogany's Diverse Real Estate Offerings

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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.

Mahogany Homes for sale under $500,000 In Calgary, Alberta|Varsity

MCKENZIE LAKE LUXURY HOMES FOR SALE FROM $975,000 IN SE CALGARY

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  • 93 McKenzie Lake Point SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2211608

    93 McKenzie Lake Point SE McKenzie Lake Calgary T2Z 1L7
    Main Photo: 93 McKenzie Lake Point SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2211608

    93 McKenzie Lake Point SE Calgary T2Z 1L7 McKenzie Lake

    $1,350,000
    Residential
    Status:
    Active
    MLS® Num:
    A2211608
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,810 sq. ft.
    Location, location, location! Enjoy THIS SUMMER at the lake! Perfect home for young families, families with teens/young adults or for empty nesters. This stunning 4-bedroom bungalow is located on one of south Calgary’s most desirable quiet cul-de-sacs with sought after direct lake access. Walk around the corner to the schools and the beach club or stroll out your back door to swim or skate off of your private shared dock. It offers a fantastic opportunity to live just a short walking distance to both schools, the McKenzie Lake Beach Club and the McKenzie Lake Community Centre. Enjoy the walkable amenities, whether it is to school, to play tennis or pickleball, or to enjoy the views along the ridge of Fish Creek Park. This 1800 square-foot bungalow has many upgrades including a newer roof. Featuring an open-concept design, this spacious home boasts 9’ foot ceilings and a modern kitchen, including beautiful custom cabinets and granite countertops, perfect for family gatherings. The main floor includes two generous bedrooms, with one offering the flexibility to be used as a home office. The fully developed basement adds even more value with two additional bedrooms, a three-piece bath, a media room, and a large rec room ideal for family fun. Enjoy year-round comfort with air conditioning, a heated triple garage, and and a rear composite deck offering a beautiful view towards the lake and mature trees for privacy. Situated on one of McKenzie Lake’s premier cul-de-sacs, this home is perfect for families or couples seeking a peaceful lakeside lifestyle with plenty of space and modern amenities. Don’t miss your chance to live in this incredible location! More details
    Listed by RE/MAX Realty Professionals
    LISTING DETAILS

  • 324 Mt Douglas Place SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2218441

    324 Mt Douglas Place SE McKenzie Lake Calgary T2Z 3P3
    Main Photo: 324 Mt Douglas Place SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2218441

    324 Mt Douglas Place SE Calgary T2Z 3P3 McKenzie Lake

    $1,050,000
    Residential
    Status:
    Active
    MLS® Num:
    A2218441
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    2,227 sq. ft.
    Nestled in a quiet cul-de-sac, this stunning detached home sits on an expansive .31 of an acre lot—arguably one of the largest in SE Calgary. Featuring 5 bedrooms (3 up, 2 down), 3.5 bathrooms, and a walkout basement, this home is perfect for families seeking space, comfort, and convenience. Inside, the kitchen is bathed in natural light from large windows and features stainless steel appliances, a breakfast bar, and an additional drinks fridge. The main floor offers a cozy gas fireplace, a dedicated home office, and direct access to the deck—ideal for BBQing while watching the kids enjoy the enormous backyard. Upstairs, you’ll find three spacious bedrooms, including a primary suite with a walk-in closet, ensuite, and a relaxing corner soaker tub. A full bathroom completes the upper level. The walkout basement offers two additional bedrooms, another full bathroom, a large living room with a second gas fireplace, a wet bar, and a dedicated laundry room, making it a perfect space for guests or extended family. Additional highlights of this home include solar panels for energy efficiency, in-floor heating for year-round comfort, central A/C to keep cool in the summer, and a gas heater in the TRIPLE CAR GARAGE—perfect for Calgary’s winters and additional storage. (2022) - attic insulation upgrade (R100) and roof maintenance (with remaining roof warranty). (2023) - home energy management system with 8.29 kw solar panel array, 5 kwh battery and 200 amp automatic grid transfer switch. The system is backup generator ready (33k total investment). (2023) - new garden shed. Recently painted (2024) and meticulously maintained, this pet-free, smoke-free home is waiting for its new owners. Enjoy stunning mountain views and the convenience of being just 100 metres from Fish Creek Park, offering endless opportunities for outdoor recreation. Close to schools, amenities and easy access to Deerfoot Trail. Come see for yourself! More details
    Listed by Nineteen 88 Real Estate
    LISTING DETAILS
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Data was last updated May 17, 2025 at 10:05 PM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Diane Richardson
Cell: 403-397-3706