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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301 705 56 Avenue SW
Windsor Park Calgary T2V 0G6

$479,900
Residential beds: 2 baths: 3.0 2,047 sq. ft. built: 1994

Main Photo: 301 705 56 Avenue SW in Calgary: Windsor Park Apartment for sale : MLS®# A2227252
Photo 1: 301 705 56 Avenue SW in Calgary: Windsor Park Apartment for sale : MLS®# A2227252
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2227252
Bedrooms:
2
Bathrooms:
3
Year Built:
1994
Welcome to a truly one-of-a-kind, New York-style walk-up penthouse located in the highly desirable inner-city community of Windsor Park—just steps from Chinook Mall, transit, and minutes from downtown Calgary. Boasting over 2,000 sq ft of luxurious living space across two stunning levels, this updated home combines architectural elegance, thoughtful design, and unmatched outdoor space. Inside, you're greeted by soaring vaulted ceilings, expansive windows, and an open-concept layout drenched in natural light. The gourmet kitchen is a chef’s dream, featuring custom oak cabinetry, newer stainless steel appliances, a built-in gas range, and an eat-up breakfast bar—perfect for casual dining or entertaining. Rich hardwood floors with intricate Purple Heart inlay add a sophisticated touch. The spacious living room includes a built-in entertainment unit and a three-sided gas fireplace that seamlessly connects to the formal dining area. Your primary retreat offers custom built-ins, a large walk-in closet connected to the laundry room, and a spa-inspired 5-piece ensuite with a jetted tub and oversized shower. From both the living room and primary suite, step out onto a private, north-facing balcony tucked into the treetops—your own peaceful, treehouse-like escapeUpstairs, an elegant staircase leads to a bright lofted family room overlooking the main floor, a spacious second bedroom, a modern 3-piece bathroom with in-floor heating and a massive steam shower, a den, and a bonus room—ideal for a home office or creative studio. And here's the showstopper: a private 1,500 sq ft rooftop terrace, unlike anything else in the area. Whether you're hosting summer soirées or enjoying peaceful evenings under the stars, this rooftop is pure magic. Additional features include: heated underground parking, oversized storage locker, quiet, professionally managed building with strong financials. Perfect for professionals, creatives, or investors seeking luxury and lifestyle in a premier location.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment-Multi Level Unit
Total Living Area:
2,047.48 sq. ft.
Main Level Finished Area:
1,377.86 sq. ft.
Upper Level Finished Area:
669.61 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$1,452.00
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, 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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
3
Stories Total:
3
Levels:
Multi Level Unit
End Unit:
No One Above
Total Rooms Above Grade:
7
Year built:
1994 (Age: 31)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
9410986
Heating:
Baseboard, Fireplace(s), Natural Gas
Foundation:
Wood
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Dining Room, Gas, Great Room
Garage:
No
Parking:
Garage Door Opener, Stall, Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
Laundry Room, Main Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Windsor Park
Secured Parking, Storage
Dishwasher, Dryer, Gas Cooktop, Microwave, Oven, Range Hood, Refrigerator, Washer
Refrigerator, Dishwasher, Oven, Microwave, Gas Cooktop, Range Hood, Washer, Dryer
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Dining Room
13'6" × 10'
Main Floor
Kitchen
16' × 9'9"
Main Floor
Laundry
9'2" × 7'10"
Main Floor
Living Room
25'5" × 21'
Main Floor
Bedroom - Primary
17'10" × 12'11"
2nd Floor
Bedroom
10'2" × 9'3"
2nd Floor
Bonus Room
10'6" × 9'6"
2nd Floor
Family Room
20'9" × 18'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'8" x 4'8"
Main Floor
Yes
5
11'4" x 12'
2nd Floor
No
3
9'6" x 11'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Built-in Features, Closet Organizers, Crown Molding, High Ceilings, Jetted Tub, No Animal Home, No Smoking Home, Open Floorplan, Walk-In Closet(s)
Exterior Features:
Other
Patio And Porch Features:
Balcony(s), Terrace
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Jun 06, 2025
Days on Mkt:
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3D Tour

Listed by Greater Property Group
Data was last updated July 31, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$299,000
Min list price:
$189,900
Max list price:
$1,349,000
Avg days on market:
21
Min days on market:
2
Max days on market:
162
Avg price per sq.ft.:
$341.55
These statistics are generated based on the current listing's property type and located in Windsor Park. 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