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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NEXT Open House details
Jul 27, 2025 12:00 PM - 04:30 PM MDT

314 Evanston Drive NW
Evanston Calgary T3P 0E3

$839,900
Residential beds: 5 baths: 4.0 2,360 sq. ft. built: 2009

Main Photo: 314 Evanston Drive NW in Calgary: Evanston Detached for sale : MLS®# A2218569
Photo 1: 314 Evanston Drive NW in Calgary: Evanston Detached for sale : MLS®# A2218569
Photo 2: 314 Evanston Drive NW in Calgary: Evanston Detached for sale : MLS®# A2218569
Photo 3: 314 Evanston Drive NW in Calgary: Evanston Detached for sale : MLS®# A2218569
Photo 4: 314 Evanston Drive NW in Calgary: Evanston Detached for sale : MLS®# A2218569
Photo 5: 314 Evanston Drive NW in Calgary: Evanston Detached for sale : MLS®# A2218569
Photo 6: 314 Evanston Drive NW in Calgary: Evanston Detached for sale : MLS®# A2218569
Photo 7: 314 Evanston Drive NW in Calgary: Evanston Detached for sale : MLS®# A2218569
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Photo 49: 314 Evanston Drive NW in Calgary: Evanston Detached for sale : MLS®# A2218569
Open House - Jul 27, 2025
12:00 PM - 04:30 PM MDT
NOTES: Open House on Sunday, July 27, 2025 12:00PM - 4:30PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2218569
Bedrooms:
5
Bathrooms:
4
Year Built:
2009
OPEN HOUSE SUNDAY {JULY 27 BETWEEN 12-4 PM}. This stunning property boasts a total developed living area of 3,247 sq. ft., offering an impressive blend of contemporary upgrades and timeless elegance. From the moment you step inside, you'll be greeted by brand-new finishes throughout, including fresh paint, stylish flooring, and beautifully upgraded bathrooms. High ceilings, subtle LED lighting, and an open, airy design create an inviting atmosphere, ensuring comfort and sophistication at every turn. The main level features a gourmet kitchen that is a chef’s dream—completely renovated with top-of-the-line appliances, sleek countertops, and ample cabinet space. Adjacent to the kitchen, the dining area provides a perfect setting for family meals or entertaining. A versatile flex room offers endless possibilities, while the grand living room is centered around a cozy gas fireplace, perfect for those colder evenings. Upstairs, the open bonus room will surely impress, featuring vaulted ceilings, three skylights that flood the space with natural light, and a private balcony where you can take in the surrounding views. The home includes three spacious bedrooms, each thoughtfully designed for comfort and tranquility, as well as two fully renovated bathrooms. The laundry room is equipped with a fresh linen closet, making daily chores a breeze. The expansive master suite is a true retreat, featuring a generous walk-in closet and a luxurious 5-piece ensuite bathroom complete with a relaxing Jacuzzi tub—ideal for unwinding after a long day. The fully developed basement with a soundproof roof offers additional living space with a 2-bedroom suite featuring a modern kitchen with brand new appliances, a full bathroom, and its own private entrance—perfect for guests, in-laws, or potential rental income. Located in a desirable neighborhood, this home is surrounded by convenient amenities, including a FreshCo shopping center, a spacious field with a playground, baseball area, two nearby elementary schools, and an incoming middle school (Evanston Middle School). Easy transit access, flat walking paths ideal for elders, and numerous parks make this an incredibly family-friendly location. Plus, you’re just minutes away from Beacon Hill shopping center with Costco and Walmart, and only a short 10-minute drive to Calgary International Airport. Recent upgrades, including new LED lighting, a new electrical charging outlet in the garage and brand-new carpeting throughout, further elevate the already stunning property. This home is truly a gem—don’t miss your opportunity to make it yours!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
2 Storey
Total Living Area:
2,360 sq. ft.
Main Level Finished Area:
1,076.2 sq. ft.
Upper Level Finished Area:
1,283.8 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
889.97 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,208 sq. ft.
Lot Frontage:
38'10½"
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:
South
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2009 (Age: 16)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0911697
Heating:
Fireplace(s), Forced Air, Natural Gas
Basement:
Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Family Room, Gas Log, Pellet Stove
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Upper Level
Evanston
Built-In Electric Range, Built-In Oven, Dishwasher, Electric Oven, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
freezer in basement
Call Lister, Non-Smoking Building, None Known
Floor
Type
Size
Other
Main Floor
Entrance
9'6" × 7'7"
Main Floor
Dining Room
12' × 11'1"
Main Floor
Kitchen
13'5" × 13'
Main Floor
Pantry
3'8" × 3'8"
Main Floor
Mud Room
5'3" × 4'11"
Main Floor
Nook
13'8" × 11'5"
Main Floor
Living Room
15'4" × 13'5"
Upper Level
Bonus Room
19' × 13'6"
Upper Level
Balcony
19'2" × 5'9"
Upper Level
Laundry
8'4" × 5'9"
Upper Level
Bedroom
19'6" × 12'2"
Upper Level
Bedroom
13'7" × 9'9"
Upper Level
Walk-In Closet
4'10" × 4'5"
Upper Level
Bedroom - Primary
15'4" × 13'5"
Upper Level
Walk-In Closet
7'9" × 6'
Basement
Laundry
5'1" × 3'2"
Basement
Kitchen
13'7" × 11'2"
Basement
Living Room
12'5" × 12'4"
Basement
Bedroom
13'2" × 11'9"
Basement
Bedroom
10'1" × 10'
Basement
Furnace/Utility Room
12'10" × 10'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'10" x 4'11"
Upper Level
No
4
5' x 8'3"
Upper Level
Yes
5
12'3" x 13'2"
Basement
No
4
4'11" x 7'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Kitchen Island, No Animal Home, No Smoking Home, Quartz Counters, Central Vacuum, Separate Entrance, Vaulted Ceiling(s)
Exterior Features:
Balcony, Garden, Private Yard
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Lane, Back Yard, Garden, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-G
Listed Date:
Jun 01, 2025
Days on Mkt:
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Listed by URBAN-REALTY.ca
Data was last updated July 25, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
89
Avg list price:
$649,000
Min list price:
$329,900
Max list price:
$1,074,900
Avg days on market:
27
Min days on market:
1
Max days on market:
160
Avg price per sq.ft.:
$376.94
These statistics are generated based on the current listing's property type and located in Evanston. 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