Diane Richardson

Cell: 403-397-3706 |

Affordable Calgary Homes for Sale Under $500,000 Calgary Homes for Sale Under $500,000

Looking for Calgary homes for sale under $500,000? Discover an array of affordable properties in one of Canada’s most dynamic cities. In Calgary’s thriving real estate market, buyers can enjoy exceptional value without compromising on quality or convenience. Whether you are a first-time buyer, a savvy investor, or someone ready to downsize, affordable Calgary homes provide the perfect opportunity to secure a comfortable lifestyle in a vibrant community.

Our comprehensive listings showcase a variety of properties under $500,000, from cozy condos to charming single-family homes. Each listing is carefully selected for its prime location, modern amenities, and potential for future growth. Many of these homes are situated in family-friendly neighborhoods, close to top-rated schools, parks, shopping centers, and essential services. This makes owning a home not only a smart financial investment but also a gateway to enjoying Calgary’s exceptional quality of life.

By leveraging expert insights and in-depth market knowledge, you can confidently navigate the competitive Calgary market. Explore our selection today and let us help you find the ideal home that fits your budget and lifestyle, turning your dream of homeownership into a reality.

Contact Diane Richardson

Phone: 403.397.3706
Email: diane@mypadcalgary.com

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Find Your Perfect Home in Calgary: 3 to 8 Bedroom Homes


Get in Touch with Diane Richardson – Your Trusted Calgary Real Estate Professional

Looking to chat about a property or have questions about buying or selling in Calgary? Diane Richardson is ready to help! Friendly, knowledgeable, and responsive—Diane is committed to making your real estate experience smooth and enjoyable.

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MAHOGANY HOMES FOR SALE FROM $400,000-500,000

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  • 706 135 Mahogany Parade SE in Calgary: A-375 Row/Townhouse for sale : MLS®# A2218188

    706 135 Mahogany Parade SE A-375 Calgary T3M 2J9
    Main Photo: 706 135 Mahogany Parade SE in Calgary: A-375 Row/Townhouse for sale : MLS®# A2218188
    $403,850
    Residential
    Status:
    Active
    MLS® Num:
    A2218188
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,116 sq. ft.
    Modern Comfort in Calgary’s Premier Lake Community - Welcome to this stylish two-storey townhome in the heart of Calgary’s sought-after lake community. Thoughtfully designed for both everyday living and entertaining, the open-concept main floor seamlessly connects the kitchen, dining, and living areas. The modern kitchen has stainless steel appliances, an island with quartz countertops, and plenty of storage. Upstairs, you’ll find two spacious bedrooms, each with its own ensuite and generous closet space, offering both privacy and convenience. A dedicated upper-floor laundry area adds to the home's everyday functionality. Built to exceed today’s standards, this ZEN home offers 40% more insulation than required by code, resulting in a quieter, warmer, and more energy-efficient living experience. Triple-pane, double-coated windows, a high-efficiency HRV (Fresh Air System), and extra airtight construction improve indoor air quality, durability, and resiliency. Photos are representative. More details
    Listed by Bode Platform Inc.
    DIANE RICHARDSON
  • 7202 1802 Mahogany Boulevard SE in Calgary: A-375 Apartment for sale : MLS®# A2269819

    7202 1802 Mahogany Boulevard SE A-375 Calgary T3M 4J2
    Main Photo: 7202 1802 Mahogany Boulevard SE in Calgary: A-375 Apartment for sale : MLS®# A2269819
    $410,000
    Residential
    Status:
    Active
    MLS® Num:
    A2269819
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    699 sq. ft.
    Discover modern lakeside living in this brand-new 2 bedroom, 2 bathroom condo located in the award-winning community of Mahogany. With a thoughtful layout and $20,000 in premium upgrades, this home offers a blend of comfort, style, and functionality. Featuring 699.4 sq. ft. of RMS living space (753 sq. ft. builder size), the unit showcases Luxury Vinyl Plank flooring throughout, tile flooring in both bathrooms, and an extended kitchen island—perfect for additional seating and prep space. The open-concept kitchen includes sleek finishes and ample cabinetry, flowing seamlessly into the living and dining area. The primary bedroom includes a private ensuite, while the second bedroom is ideal for guests, a home office, or a roommate setup. Enjoy year-round comfort with added bonus of air conditioning. This unit includes heated underground parking and a separate storage locker, providing convenient and secure storage solutions. Residents of this development benefit from exclusive access to the Mahogany Homeowners Association amenities: Calgary’s largest lake 21 acres of park space and walking trails Two private beach areas with BBQ and firepit sites Beach volleyball courts, fishing docks, playgrounds, and self-propelled watercraft rentals Located just steps away from a shopping plaza, restaurants, and schools with quick access to major roadways, this condo perfectly blends lifestyle and convenience. A rare opportunity to own a brand-new unit in one of Calgary’s most desirable lake communities. Move in and enjoy four-season recreational living at its finest. More details
    Listed by RE/MAX Real Estate (Mountain View)
    DIANE RICHARDSON
  • 703 135 Mahogany Parade SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2277502

    703 135 Mahogany Parade SE Mahogany Calgary T3M 2J9
    Main Photo: 703 135 Mahogany Parade SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2277502
    $418,900
    Residential
    Status:
    Active
    MLS® Num:
    A2277502
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,226 sq. ft.
    Welcome to your brand new Zen Mahogany condo that combines smart design, everyday comfort, and exceptional location. This 2-storey Ambrosia Floorplan is built with energy efficiency top of mind, going beyond the standard. It features superior insulation that exceeds building codes by 40%, double-coated triple-pane windows, and a fresh air system (HRV) to ensure year-round comfort and air quality. Inside, quartz countertops, stainless steel appliances, and luxury vinyl plank flooring offer a clean, modern aesthetic with lasting durability. The open-concept layout welcomes you with a bright living area that flows naturally into the dining space and stylish kitchen, complete with a central island and direct access to the fenced yard—perfect for both everyday living. Upstairs, two generously sized bedrooms each offer their own private ensuite, providing both functionality and privacy. The Ambrosia layout is both functional and beautiful, perfect for you and your pets to enjoy—that's right, this home is pet friendly! Beyond the home itself, you’ll enjoy access to Mahogany’s Westman Village just a few blocks away—a vibrant lifestyle hub filled with dining, fitness, and entertainment options. Access to Lake Mahogany and the Beach Club is an additional feature, giving you access to amazing recreational amenities, community events, and a space for connection. Quick routes to Deerfoot and Stoney Trail and close proximity to the South Health Campus in Seton ensure your daily commute and errands are always easy. This isn’t just a home—it’s a lifestyle upgrade. Come see what Mahogany living in the ZEN Mahogany community will look like for you! More details
    Listed by RE/MAX Realty Professionals
    DIANE RICHARDSON
  • 403 122 Mahogany Centre SE in Calgary: A-375 Apartment for sale : MLS®# A2272614

    403 122 Mahogany Centre SE A-375 Calgary T3M 2Y1
    Main Photo: 403 122 Mahogany Centre SE in Calgary: A-375 Apartment for sale : MLS®# A2272614
    $420,000
    Residential
    Status:
    Active
    MLS® Num:
    A2272614
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    566 sq. ft.
    Click brochure link for more details** Welcome to Westman Village in the heart of Mahogany, Calgary’s premier lake community. This spotless, move in ready, one bedroom plus den/office, 566 square foot condo enjoys central air conditioning, southwest views off a good-sized deck, a titled underground parking stall and access to unparalleled amenities. There is truly nothing else like this complex in the city. Take advantage of Westman Village’s unmatched amenities: an indoor pool with waterslide, hot tub and steam shower, state-of-the-art fitness centre, wine cellar, golf simulator, theatre room, demonstration kitchen, woodshop, library, gymnasium (basketball, badminton, pickleball), art/pottery studio, indoor walking track, games room and roof top bar! There is also an on-site concierge, 24-hour security, car wash and a calendar of events for you to take part in. The village main street offers a wide variety of shops and services including Diner Deluxe, The Mash Craft Beer and Pizza, Pie Junkie, Analog Coffee, Chopped Leaf, Marble Slab and much more. Some photos may be virtually staged. More details
    Listed by Honestdoor Inc.
    DIANE RICHARDSON
  • 115 10 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2277684

    115 10 Mahogany Mews SE Mahogany Calgary T3M 2R1
    Main Photo: 115 10 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2277684
    $425,000
    Residential
    Status:
    Active
    MLS® Num:
    A2277684
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    888 sq. ft.
    Step into this showcase worthy main floor corner unit offering almost 900 sq ft of bright, open concept living. Soaring 11 foot ceilings and floor-to-ceiling windows flood the space with natural light, creating an airy, upscale feel the moment you walk in. The modern white chef inspired kitchen features sleek quartz countertops, stainless steel appliances, and plenty of cabinetry perfect for cooking, hosting, or enjoying a quiet night in. The layout is ideal with two spacious bedrooms positioned on opposite sides of the unit for added privacy, along with two full bathrooms, including a stylish ensuite. Enjoy the convenience of in-suite laundry, durable mahogany-tone vinyl flooring, and the comfort of being on the main floor, no elevators needed. As a corner unit, you benefit from extra windows, enhanced privacy, and additional outdoor exposure. Located just steps from shopping, restaurants, transit, and daily amenities, this home blends modern style with unbeatable convenience. Perfect for first time buyers, downsizers, or investors. More details
    Listed by The Real Estate District
    DIANE RICHARDSON
  • 306 20 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2276315

    306 20 Mahogany Mews SE Mahogany Calgary T3M 2W8
    Main Photo: 306 20 Mahogany Mews SE in Calgary: Mahogany Apartment for sale : MLS®# A2276315
    $430,000
    Residential
    Status:
    Active
    MLS® Num:
    A2276315
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    901 sq. ft.
    Welcome to this bright and stylish third-floor corner unit offering approximately 900 sq. ft. of open-concept living. Featuring soaring 9-foot ceilings and expansive floor-to-ceiling windows, the space is filled with natural light and offers partial mountain views, along with beautiful sunrise and sunset vistas. The upscale feel is evident from the moment you enter. The modern white kitchen is thoughtfully designed with sleek quartz countertops, stainless steel appliances, and ample cabinetry—perfect for entertaining or enjoying a quiet night in. The well-planned layout includes two spacious bedrooms located on opposite sides of the unit for added privacy, along with two full bathrooms. The inviting living area is complemented by durable mahogany vinyl flooring throughout. Additional features include in-suite laundry and the added benefit of extra windows exclusive to this corner unit. Ideally located just steps from shopping, transit, and restaurants, this condo is only a 5-minute walk to the lake and beach, 2 minutes to Sobeys, and 5 minutes to the bus stop. Offering modern style, comfort, and unbeatable convenience. More details
    Listed by Bode Platform Inc.
    DIANE RICHARDSON
  • 207 Marquis Lane SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2277321

    207 Marquis Lane SE Mahogany Calgary T3M 2G6
    Main Photo: 207 Marquis Lane SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2277321
    $435,000
    Residential
    Status:
    Active
    MLS® Num:
    A2277321
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,362 sq. ft.
    We’re pleased to present this modern townhouse in the highly sought-after lake community of Mahogany. This unit presents an excellent opportunity for prospective homeowners, featuring low condo fees and a fabulous open floor plan. This high-end build features a spacious living area filled with abundant natural light streaming through large windows that highlight the luxury vinyl plank floors, updated fixtures, high-end wall coverings and other aesthetic accents that make it feel as though you’re in a show home. This is not the wall paper from Grandma and Grandpa's house, this is made from luxurious natural fibers like silk, velvet, grasscloth (jute, hemp, reed), and even real wood veneers, often with hand-finished details, metallic threads, or applied to durable non-woven or fabric backings for superior texture, depth, and longevity, moving beyond standard paper to offer rich, tactile finishes. Some other value added updates include; heated tile floor at the entry, new furnace (2025), Tesla charge station, new Samsung washer & dryer, top-down/bottom-up window shades, added plugs in kitchen island, and a heater in the garage! The kitchen showcases sleek cabinetry with a wood grain effect in tones of dark wood and greys, perfectly accented by a mosaic tiled backsplash. Stainless steel appliances, granite countertops, and an island with seating space add both functionality and style to this culinary haven. Adjacent to the kitchen, the generous dining area opens to a balcony equipped with a gas line for BBQs, making it an ideal spot for entertaining guests. A cozy living room is a must and the included surround sound speakers will be an added bonus. Additionally, a powder room on the main floor with updated tile flooring caters to your visitors. The upper level features a primary bedroom complete with a four-piece en-suite bathroom and a spacious walk-in closet, with natural light so you’ll know if your top and bottoms actually match! This level also includes two additional bedrooms, a family bathroom, and a convenient laundry area. The air conditioning and a tandem heated garage with ample space for two vehicles under covered with a 3rd in the driveway and additional storage will be major checkmarks for your lifestyle. The visitor parking stalls are right across the street from your driveway, so your guests won’t mind coming over at all. Additionally, the location is prime and is just steps away from both Public and Catholic schools and within walking distance to the lake, which offers year-round recreational activities for residents. The amenities at Westman Village, Mahogany Village, Auburn Station, and Seton are easily accessible, as well as major routes like Stoney and Deerfoot trails, making this townhouse a perfect blend of convenience and comfort. Don’t hesitate to book a showing today, we’re happy to accommodate! More details
    Listed by RE/MAX Landan Real Estate
    DIANE RICHARDSON
  • 107 135 Mahogany Parade SE in Calgary: A-375 Row/Townhouse for sale : MLS®# A2273834

    107 135 Mahogany Parade SE A-375 Calgary T3M 2J9
    Main Photo: 107 135 Mahogany Parade SE in Calgary: A-375 Row/Townhouse for sale : MLS®# A2273834
    $487,000
    Residential
    Status:
    Active
    MLS® Num:
    A2273834
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,520 sq. ft.
    Welcome to this stylish two-storey townhome with a rooftop patio in Calgary’s sought-after lake community. The open-concept main floor seamlessly connects the kitchen, dining, and living areas. The modern kitchen features upgraded stainless steel appliances, an island with quartz countertops, and ample storage. Upstairs, enjoy two spacious bedrooms, each with its own ensuite and generous closet space, plus upper-floor laundry. The master bedroom includes an upgraded walk-in shower, and additional premium back splash and finishes enhance the home’s modern appeal. This ZEN home is built for efficiency and comfort, with 40% more insulation than code, triple-pane windows, and airtight construction. Energy-efficient features include a high-efficiency heat pump with dual fuel gas and 19 solar panels. The home also offers a fully developed third level and a private rooftop patio, perfect for entertaining or relaxing outdoors. More details
    Listed by Bode Platform Inc.
    DIANE RICHARDSON
  • 7322 1802 Mahagony Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2276173

    7322 1802 Mahagony Boulevard SE Mahogany Calgary T3M 4A5
    Main Photo: 7322 1802 Mahagony Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2276173
    $499,000
    Residential
    Status:
    Active
    MLS® Num:
    A2276173
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    843 sq. ft.
    Discover elevated waterfront living in the heart of Mahogany. This BRAND NEW well-appointed 2-bedroom, 2-bathroom JACKSONPORT-2 MODEL condo offers a thoughtful blend of contemporary finishes and functional design. The open-concept layout is filled with natural light from large windows, creating a bright and welcoming atmosphere throughout. Step outside to your balcony, complete with a gas BBQ hookup for those summer days. The home includes heated underground parking and a dedicated storage unit, while condo fees conveniently covers gas, water, and building maintenance for peace of mind. Located on 3rd floor to enjoy some views and steps from Calgary’s largest lake, residents enjoy access to beaches, walking and biking pathways, local cafés, restaurants, and a wide range of year-round recreational amenities. Combining comfort, convenience, and an exceptional community setting, this residence offers a lifestyle that feels both relaxed and connected.**virtual photos has been used for display purposes only** More details
    Listed by Sixty6 Real Estate
    DIANE RICHARDSON
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