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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631 34 Avenue NE
Winston Heights/Mountview Calgary T2E 2K3

$760,000
Residential beds: 4 baths: 1.0 946 sq. ft. built: 1956

Main Photo: 631 34 Avenue NE in Calgary: Winston Heights/Mountview Detached for sale : MLS®# A2210900
Photo 1: 631 34 Avenue NE in Calgary: Winston Heights/Mountview Detached for sale : MLS®# A2210900
Photo 2: 631 34 Avenue NE in Calgary: Winston Heights/Mountview Detached for sale : MLS®# A2210900
Photo 3: 631 34 Avenue NE in Calgary: Winston Heights/Mountview Detached for sale : MLS®# A2210900
Photo 4: 631 34 Avenue NE in Calgary: Winston Heights/Mountview Detached for sale : MLS®# A2210900
Photo 5: 631 34 Avenue NE in Calgary: Winston Heights/Mountview Detached for sale : MLS®# A2210900
Photo 6: 631 34 Avenue NE in Calgary: Winston Heights/Mountview Detached for sale : MLS®# A2210900
Photo 7: 631 34 Avenue NE in Calgary: Winston Heights/Mountview Detached for sale : MLS®# A2210900
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Photo 41: 631 34 Avenue NE in Calgary: Winston Heights/Mountview Detached for sale : MLS®# A2210900
Photo 42: 631 34 Avenue NE in Calgary: Winston Heights/Mountview Detached for sale : MLS®# A2210900
Photo 43: 631 34 Avenue NE in Calgary: Winston Heights/Mountview Detached for sale : MLS®# A2210900
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2210900
Bedrooms:
4
Bathrooms:
1
Year Built:
1956
Great Property for Savvy Investors, Builders, or Developers! An exceptional opportunity awaits in the highly desirable community of Winston Heights. This charming bungalow sits on a sunny south-facing R-CG lot and offers over 1,800 sq ft of developed living space. The existing home features three bedrooms on the main level, an additional bedroom in the fully developed basement, a spacious kitchen, main-floor laundry, and a functional layout with excellent potential. The home is still in good, livable condition and can be rented out to generate income while you prepare for future development. What sets this property apart is that it comes with development plans for an 8-unit building, including four 3-storey upper units and with 4 legal basement suites below. The plans feature an excellent, modern design and also include a detached 4-car garage (single bays). Development permits are on track for approval by May, allowing for a quick turnaround to break ground during the coming warm months. This property may also be potentially suitable for the CMHC MLI Select program, offering additional financing advantages for multi-unit development. Located close to parks, schools, shopping, major roadways, public transit, and steps from a golf course, this property offers the perfect combination of convenience and lifestyle amenities. Ideal for investors, builders, or developers looking for a prime inner-city project. Do not miss this rare opportunity — contact us today for more information and to schedule a private tour!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
946 sq. ft.
Main Level Finished Area:
946 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
872 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,758 sq. ft.
Lot Frontage:
50'
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1956 (Age: 69)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
5942AD
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Garage Door Opener, Oversized
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
Main Level
Winston Heights/Mountview
Dishwasher, Electric Stove, Garage Control(s), Range Hood, Refrigerator
Shed
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
11'7" × 11'1"
Main Floor
Bedroom
11'6" × 8'
Main Floor
Bedroom
10' × 8'
Main Floor
Kitchen
11'7" × 8'7"
Main Floor
Dinette
11'7" × 7'11"
Main Floor
Living Room
16'3" × 11'6"
Basement
Game Room
36'2" × 16'10"
Basement
Bedroom
10'11" × 10'9"
Basement
Storage
20'3" × 8'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 8'1"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Dry Bar, French Door, Laminate Counters, Storage
Exterior Features:
Garden, Playground, Private Yard, Storage
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, City Lot, Front Yard, Level, Rectangular Lot, Street Lighting
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Apr 11, 2025
Days on Mkt:
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    8 Unit - Plot Plan
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    8 Unit - Main Floor
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    8 Unit - 2nd Floor Plan
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    8 Unit - 3rd Floor Plan
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    8 Unit - Legal Basement Plans
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    8 Unit - Garage Plans
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Virtual Tour

Virtual Tour

Listed by Century 21 Bravo Realty
Data was last updated June 4, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$799,000
Min list price:
$349,000
Max list price:
$2,499,900
Avg days on market:
34
Min days on market:
5
Max days on market:
124
Avg price per sq.ft.:
$547.83
These statistics are generated based on the current listing's property type and located in Winston Heights/Mountview. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706