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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4013 & 4015 Vance Place NW
Varsity Calgary T3A 0M7

$1,299,800
Residential beds: 9 baths: 4.0 1,901 sq. ft. built: 1967

Main Photo: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 1: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 2: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 3: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 4: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 5: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 6: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 7: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 8: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 9: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 10: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 11: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 12: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 13: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 14: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 15: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 16: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 17: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 18: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 19: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 20: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 21: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 22: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 23: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 24: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 25: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 26: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
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Photo 30: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
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Photo 35: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
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Photo 38: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
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Photo 40: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 41: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 42: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 43: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 44: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 45: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 46: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 47: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 48: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 49: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Photo 50: 4013 & 4015 Vance Place NW in Calgary: Varsity Full Duplex for sale : MLS®# A2247998
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2247998
Bedrooms:
9
Bathrooms:
4
Year Built:
1967
Fantastic investment opportunity in the sought-after community of Varsity! This full side by side bi-level duplex offers three separate living spaces and an unbeatable location just minutes from the University of Calgary, Foothills Medical Centre, Alberta Children’s Hospital, schools, parks, shopping, and transit. 4013 Vance Place is split into two self contained units: the upper level features 2 spacious bedrooms, a 4-piece bathroom, in-suite laundry, hardwood floors, a bright living room, and a large eat-in kitchen with access to a private deck, while the lower level has a separate entrance, 2 bedrooms, a 3-piece bathroom, its own laundry, and comfortable living space—ideal for extended family or rental income. 4015 Vance Place is a full up-and-down unit with 5 bedrooms, a 4-piece bathroom, and a 3-piece bathroom, plus hardwood floors upstairs, an updated kitchen with newer appliances and garden door to a private deck, a spacious living room, and a large lower-level family room with oversized windows for an abundance of natural light. The oversized double detached garage is divided to provide each side with a private stall, and there is additional off-street parking for the lower 4013 suite. Updates include lower-level windows on both sides (2020), hot water tanks (2022), and upgraded electrical panels and furnaces. Situated on a huge pie-shaped lot in a quiet cul-de-sac, this property offers a total of 8 bedrooms, 4 full bathrooms, 3 kitchens, and separate laundry for each unit, making it a versatile and high-yield addition to any investment portfolio.
Property Type:
Residential
Property Sub Type:
Full Duplex
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Attached-Side by Side, Bi-Level
Total Living Area:
1,901.22 sq. ft.
Main Level Finished Area:
1,901.22 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,594 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
7,771 sq. ft.
Lot Frontage:
35'2⅞"
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:
Northeast
Reg. Size:
Reg. Size Includes:
Floor Location:
Ground
Entry Level:
1
Levels:
Bi-Level
End Unit:
1 Common Wall
Total Rooms Above Grade:
10
Year built:
1967 (Age: 58)
Bedrooms:
9 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
5
Bathrooms:
4.0 (Full:4, Half:0)
Plan:
4787JK
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Linoleum, Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached, Garage Door Opener, Garage Faces Rear
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
Varsity
Dishwasher, Dryer, Microwave Hood Fan, Refrigerator, Stove(s), Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
9'11" × 9'11"
Main Floor
Bedroom
15'2" × 9'11"
Main Floor
Dining Room
11'11" × 6'7"
Main Floor
Kitchen
11'10" × 10'1"
Main Floor
Living Room
16'10" × 11'11"
Main Floor
Bedroom
15'3" × 9'11"
Main Floor
Bedroom
9'11" × 9'11"
Main Floor
Dining Room
11'10" × 8'6"
Main Floor
Kitchen
11'11" × 8'
Main Floor
Living Room
16'11" × 11'10"
Basement
Bedroom
16'4" × 11'3"
Basement
Bedroom
16'4" × 9'7"
Basement
Bedroom - Primary
15'11" × 11'4"
Basement
Bedroom
16'5" × 9'4"
Basement
Kitchen
10'3" × 10'2"
Basement
Laundry
11'2" × 7'7"
Basement
Living Room
10'10" × 5'5"
Basement
Mud Room
9'11" × 7'11"
Basement
Bedroom - Primary
16'5" × 11'2"
Basement
Furnace/Utility Room
6'5" × 4'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'9" x 6'6"
Main Floor
No
4
7'10" x 6'5"
Basement
No
3
7'6" x 6'2"
Basement
No
3
7'9" x 6'4"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
No Smoking Home
Exterior Features:
Private Yard
Patio And Porch Features:
Deck, Patio
Lot Features:
Back Lane, Cul-De-Sac, Front Yard, Lawn, Pie Shaped Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-CG
Listed Date:
Aug 12, 2025
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by RE/MAX Real Estate (Mountain View)
Data was last updated August 14, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
46
Avg list price:
$517,200
Min list price:
$209,000
Max list price:
$2,499,000
Avg days on market:
32
Min days on market:
1
Max days on market:
125
Avg price per sq.ft.:
$461.7
These statistics are generated based on the current listing's property type and located in Varsity. 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