Is now a good time to buy a townhome or condo in Mahogany?

For buyers, this fall is better than last year. CREB®'s September 2026 numbers show the Calgary row home benchmark down nearly 6% from last year and the apartment condo benchmark down 8%+ from last year, just over 5 months of supply, with more choice on the market, so there is room to negotiate. Whether it's right for you comes down to your budget, your mortgage approval and how long you plan to stay.

What do townhomes cost in Mahogany?

It depends on size, age, the builder and lake proximity. For context, the Calgary wide row home benchmark was $412,400 in September 2026 (CREB®). Ask me and I'll send you recent Mahogany townhome sales so you can see real numbers.

Do Mahogany townhome and condo owners get lake access?

Yes. Lake and beach club access comes with living in Mahogany through the homeowners association fee. Confirm the current fee, and for condos and townhomes, what the condo fee covers.

Is Mahogany a good place to live in Calgary?

For many people, yes. Mahogany is popular for its private lake, newer homes and shopping at Mahogany Village Market, with Seton and the South Health Campus close by. Whether it fits you depends on your commute and budget.

Is Mahogany good for families?

Mahogany has two elementary schools, lots of playgrounds and pathways, and year round lake programs, which is why so many families choose it.

Mahogany Calgary Homes and Community Guide

Where it is

Mahogany sits in the southeast, with 52 Street SE to the west and Stoney Trail to the north. It borders Auburn Bay and is minutes from Seton. The community was approved in 2007 and has been built in phases since, around the lake, wetlands and a central village market.

Homes

You'll find condos, townhomes, duplexes, laned homes, front drive detached homes and estate homes, including some backing onto the lake or wetlands. Almost everything was built after 2007, so layouts are modern. First time buyers tend to start with condos and townhomes, families look at detached and semi detached homes near schools and parks, and move up buyers look at larger or lake oriented homes. Some downsizers choose Mahogany for newer, low maintenance options close to healthcare.

Schools

Mahogany School (CBE, K to 5) and Divine Mercy Elementary (Calgary Catholic, K to 6) are in the community. Junior high and high school students are usually designated to schools in nearby communities like Douglasdale and Seton.

Parks, shopping and amenities

The 63 acre lake has two private resident beaches and a beach club with programs all year. There are more than 20 km of pathways, wetlands and over 200 acres of open space. Mahogany Village Market has groceries, restaurants, cafes, fitness, medical and professional services.

Getting around

Most people drive, using 52 Street SE, Stoney Trail and Deerfoot Trail. Calgary Transit buses link Mahogany to Seton and the South Health Campus. The future Green Line is planned along the 52 Street SE corridor, with timing still to be confirmed.

Who it suits

First time buyers who want a newer condo or townhome with lake access, families who want elementary schools, parks and the beach club, and move up buyers looking for larger or lakeside homes.

Mahogany townhomes and condos

Mahogany has a good mix of townhomes and apartment condos, many within walking distance of the lake and Mahogany Village Market, and owners get the same lake and beach club access as everyone else in the community. For a lot of first time buyers it's the most affordable way into a lake community. Across Calgary in September 2026, CREB® put the row home benchmark at $412,400 (down nearly 6% from last year) and the apartment condo benchmark at $291,400 (down 8%+ from last year, just over 5 months of supply). Mahogany prices vary with the builder, age, size and how close you are to the lake, so I pull recent Mahogany sales before you write an offer, and I check the condo fees and reserve fund too.

Source: CREB®, September 2026 Calgary housing statistics (released October 1, 2026)

School designations and transit routes change. Confirm your address with the Calgary Board of Education, Calgary Catholic School District and Calgary Transit.

Thinking about Mahogany?

I can send you new Mahogany listings as they come up, or tell you what your home here could sell for. For the mortgage side, my team at Lacroix Mortgage Group can get you pre approved.

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Mahogany, Calgary