Mahogany Community Guide: Living in Mahogany, Calgary
Calgary's largest lake community, developed by Hopewell Residential around a 63-acre freshwater lake with two private beaches and a 22,000 square foot Beach Club. Mahogany carries the widest price range in the southeast, from apartment condos to lakefront estates.
Mahogany, Calgary: The Largest Lake in the City
Mahogany is a master-planned lake community in Southeast Calgary, established in 2007 by Hopewell Residential across roughly 1,200 acres (Hopewell Residential). Its defining feature is a 63-acre freshwater lake, the largest in Calgary, with two private beaches and more than 74 acres of wetlands and parks woven through the community. For buyers, that scale is the whole proposition: Mahogany is not a community with a pond attached, it is a community organised around water. Raj covers the wider quadrant in his SE Calgary community guides.
The community reached roughly 14,000 residents by 2019 (CREB) and has continued building since, which means Mahogany today is really two experiences layered together. The established core around the lake and Mahogany Village Market feels finished, with mature landscaping and a full retail anchor. The later phases and Westman Village at the north end are newer, denser, and still filling in. Which one you buy into changes the daily experience far more than the price difference suggests.
What buyers most often get wrong before visiting is the housing mix. On 8 August 2026 the live Mahogany grid showed 154 active listings: 92 single-family homes, 48 condos, and 13 townhomes. Mahogany is a detached-majority community with a substantial condo segment concentrated in Westman Village and the Village Market area, which is a very different shape from the townhome-heavy newer communities nearby.
"The question I get on every Mahogany tour is whether the lake premium is worth it. My answer is always the same: it depends entirely on whether your household will actually use it. The premium is real and it holds at resale, but only if the lake is part of your week rather than a feature you liked on the website."
Raj Bhopla, eXp Realty
Quick Facts: Mahogany, Calgary
| Quadrant | Southeast Calgary |
| Established | 2007 (Hopewell Residential) |
| Lake | 63 acres, Calgary's largest, two private beaches |
| Community Size | Approximately 1,200 acres, 74+ acres of wetlands and parks |
| Housing Mix | 92 single-family, 48 condos, 13 townhomes of 154 active (8 August 2026) |
| Schools | Mahogany School (CBE, K to 4); Divine Mercy (Catholic); Joane Cardinal-Schubert High School |
| Off-Peak Commute | ~30 min to downtown via Deerfoot Trail (Google Maps) |
| Main Roads | Stoney Trail, Deerfoot Trail, 52 Street SE, Mahogany Boulevard |
Mahogany, Calgary: At a Glance
Compiled by Raj Bhopla, eXp Realty. Data last verified: August 2026.
The Four Parts of Mahogany
Mahogany reads as one community but works as four distinct pieces, and which one you buy into shapes the daily experience more than the price gap suggests. Buyers comparing lake communities should also read the Auburn Bay community guide and the Chaparral community guide.
Lakefront and Lake-Adjacent
The homes on and near the water carry Mahogany's highest prices and its clearest resale story. There are real break points here: direct lakefront, lake view, and lake adjacent are three different markets, and they do not move together. Raj prices each against its own tier rather than against the community average, because a lake-view comparable tells you very little about a lakefront asking price.
Mahogany Village Market
The community's retail anchor at 7 Mahogany Plaza SE, with a Sobeys, Shoppers Drug Mart, restaurants and banking. This is where Mahogany stops depending on a drive for daily errands. The homes around it trade a quieter street for the shortest walk to groceries, which suits some buyers exactly and irritates others.
Westman Village
A self-contained development inside Mahogany with its own retail, dining and amenity building, weighted heavily toward condominiums. It is the closest thing in the southeast to an urban condo district with a lake attached. Buyers here should read the condo documents carefully: the amenity level is high, and high amenity means real monthly cost.
The Later Phases and Wetland Edge
Mahogany continues to add phases, and the newer streets carry the usual trade: current product and builder warranty against construction traffic and unfinished landscaping. The wetland edge is the part worth walking before you commit. Homes backing natural areas have their own drainage story, and it is not the same as a standard interior lot.
What You Can Buy in Mahogany
Mahogany carries the widest price range of any southeast community, which is why a shortlist here can look completely different from one buyer to the next. On 8 August 2026 the live grid showed 154 active listings: 92 single-family, 48 condos, 13 townhomes. Twenty-eight were priced under $400,000 and 68 above $700,000, so the community genuinely serves both ends. Browse live inventory on the Mahogany homes for sale page.
Apartment Condos
Forty-eight of the 154 active listings, concentrated in Westman Village and around the Village Market. Fees here often cover more than usual because the amenity level is higher. Read the reserve fund study and the last two years of board minutes before removing conditions, and confirm the rental cap if that matters to you.
Townhomes
The smallest segment at 13 active listings, which makes them harder to time than the numbers suggest. Confirm whether a townhome is condo-titled or freehold: it changes the monthly cost and who pays when the roof needs work.
Move-Up Detached
The heart of the community. Detached homes in the established phases with developed basements, double garages and finished landscaping. This is where most Mahogany families land, and where lot position does the most work on price.
New Construction
Active phases continue. New builds bring warranty and current code, and they bring GST, possession-date risk, and landscaping and fencing costs that resale buyers do not carry. Raj prices those in before comparing a new build against a resale.
Lake View and Lakefront
Three distinct markets: lake adjacent, lake view, and direct lakefront. They do not move together and they do not share comparables. Knowing where the break points sit is the difference between paying a fair view premium and paying for a view you can only see from one window.
Four-Bedroom Family Homes
Sixty-two active listings carry four or more bedrooms, the deepest family-sized supply in the southeast. If you need four bedrooms and a lake, Mahogany has more genuine choice than any comparable community.
Schools Serving Mahogany
Mahogany has a school inside the community and is served by both boards. Designations depend on your exact address and change as new schools open, so confirm current boundaries with the Calgary Board of Education and the Calgary Catholic School District before you buy.
| School | Board | Grades | Location |
|---|---|---|---|
| Mahogany School | Calgary Board of Education | K to 4 | View on Maps |
| Divine Mercy School | Calgary Catholic School District | K to 9 | View on Maps |
| Joane Cardinal-Schubert High School | Calgary Board of Education | Grades 10 to 12 | View on Maps |
| Junior high designation | Calgary Board of Education | Grades 7 to 9 | Assigned by address; confirm with CBE |
Designations for Mahogany addresses are assigned by the boards and change as new schools open in the southeast. Confirm by address before you buy. Data last verified: August 2026.
Where to Eat in and Around Mahogany
Mahogany's dining sits in two clusters: the Village Market for everyday, and Westman Village for an occasion. Each of these was confirmed as operating in 2026.
Chairman's Steakhouse
An upscale steakhouse with a patio and lounge, built around high-end meat, seafood and game. The reason Mahogany residents do not automatically drive north for an occasion dinner.
View on MapsAlvin's Jazz Club
A live jazz room in the heart of Westman Village, unusual for a suburban community and a genuine draw from outside Mahogany.
View on MapsAnalog Coffee
The Calgary roaster's Westman Village location, and the community's default meeting spot for a proper coffee.
View on MapsState & Main
A full-menu casual room that works for families and larger groups, and one of the more dependable weeknight options in the community.
View on MapsBev's Diner
A straightforward diner for breakfast and lunch. Useful to know about if you are house-hunting in Mahogany on a weekend morning.
View on MapsPie Junkie
A bakery in the Westman Village retail row, and the kind of small independent that makes a community's retail feel lived-in rather than leased.
View on MapsGroceries, Errands and Everyday Amenities
Mahogany was planned with its retail built in. The Village Market covers daily needs inside the community, and the 130 Avenue SE corridor handles the larger trips a few minutes north.
Mahogany Village Market
The community's retail anchor at 7 Mahogany Plaza SE, with a Sobeys, Shoppers Drug Mart, restaurants and banking.
View on MapsWestman Village Retail
A second retail cluster inside the community, weighted toward dining, coffee and services rather than groceries.
View on MapsSouth Health Campus
The Alberta Health Services hospital sits a short drive west, a real consideration for medical staff and for families thinking about the long term.
View on Maps130 Avenue SE Corridor
Big-box retail, pharmacies, banks and services a few minutes north, covering the errands the Village Market does not.
View on MapsGetting Around From Mahogany
Mahogany sits at the southeast edge of the city with direct Stoney Trail access, which is its real commute advantage: the ring road reaches the airport and the mountain corridor without crossing the city. Drive times below are off-peak estimates via Google Maps; add time in the morning and afternoon peaks.
| Destination | Off-Peak Drive | Route |
|---|---|---|
| Downtown Calgary | ~30 min | Deerfoot Trail |
| South Health Campus | ~7 min | Mahogany Blvd / 52 Street SE |
| Seton and Township | ~8 min | 52 Street SE |
| Chinook Centre | ~25 min | Deerfoot Trail / Glenmore Trail |
| Calgary Airport (YYC) | ~35 min | Stoney Trail |
Drive times: Google Maps, off-peak. The Green Line LRT's funded first phase runs from Shepard to downtown, north of Mahogany, with the City targeting a 2031 opening; service further south is a later extension without a confirmed date. Data last verified: August 2026.
The Lake, the Beach Club and the Wetlands
Recreation is the reason Mahogany exists in its current form, and it is concentrated rather than scattered: one large lake, one substantial clubhouse, and a wetland network threading between them.
The 63-Acre Lake
Calgary's largest freshwater lake, private to residents, with two beaches. Swimming and paddling in summer, skating in winter, and the single feature that sets Mahogany apart from every non-lake community nearby.
View on MapsMahogany Beach Club
A 22,000 square foot resident facility on the water, with programming through the year. This is what the annual residents' association fee buys, and it is worth touring before you decide the fee is worth paying.
View on MapsWetlands and Pathways
More than 74 acres of protected wetland and park, with pathway connections through the community. The quieter half of Mahogany's outdoor offering, and the part that ages best.
View on MapsWestman Village Amenities
The Westman Village development carries its own resident amenity building. Buyers there are paying for two amenity layers, which is worth understanding before comparing its condo fees against anything else in the community.
View on MapsThe Mahogany Market in Plain Terms
On 8 August 2026 the live Mahogany grid showed 154 active listings, the deepest inventory of any southeast community, with 26 of them new within the previous ten days. The spread is what matters: 28 listings under $400,000 and 68 above $700,000, which means Mahogany is not one market but several running in parallel. For citywide context, Calgary's detached benchmark was $750,500 in June 2026 (CREB).
For a current read on prices, inventory and days on market, see the SE Calgary market snapshot. Buyers weighing the lake premium should compare against the Walden community guide and the Legacy community guide, both non-lake communities minutes away.
Sources: live MLS listing counts read from the Mahogany grid on 8 August 2026, and CREB monthly statistics, June 2026. Listing counts move daily. Pricing depends on home type, condition, lot position and lake proximity. Data last verified: August 2026.
My Take on Mahogany
What I Tell Buyers
Mahogany is the community where I spend the most time on one question: will you use the lake? The premium is real, it is roughly eight to fifteen per cent over comparable product in Walden or Legacy a few minutes away, and it holds at resale. But it holds because the next buyer wants the lake too. If your household will be at the beach club most summer weekends, the premium is buying you something. If you liked the idea and expect to visit twice a year, you are carrying an annual fee and a higher purchase price for an amenity that sits unused. I would rather have that conversation before you write than after you have lived there a season.
What Mahogany Does Not Do Well
It is a long way from the north and west sides of the city. University District, the airport approach, or anything out toward Bowness adds serious time each way, and no amount of Stoney Trail access changes that. The second honest trade-off is that Mahogany is still building. The established core is finished and lovely; the later phases carry construction traffic and unfinished landscaping, and buyers touring only the finished half get a misleading picture of what their first two years will feel like. The third is cost: a lake community means an annual residents' association fee on top of everything else, and in Westman Village you are paying for a second amenity layer as well.
Who It Suits, and Who Should Compare Elsewhere
Mahogany suits families who will genuinely use the water, buyers who want the deepest four-bedroom supply in the southeast, downsizers drawn to Westman Village's amenity level, and anyone who wants a full retail anchor inside their own community. If you want a shorter downtown commute, look at Acadia or Willow Park. If you want the lake lifestyle for less, Auburn Bay is the honest comparison. If you do not care about the lake at all, you are paying for something you will not use, and I will say so.
Frequently Asked Questions About Mahogany
What is it like living in Mahogany, Calgary?
Mahogany is a master-planned lake community in Southeast Calgary, established in 2007 by Hopewell Residential across roughly 1,200 acres. It is built around Calgary's largest freshwater lake at 63 acres, with two private beaches, a 22,000 square foot Beach Club, more than 74 acres of wetlands, and a full retail anchor at Mahogany Village Market.
How much do Mahogany homes cost?
On 8 August 2026 there were 154 active Mahogany listings. Twenty-eight were priced under $400,000 and 68 above $700,000. Condos start in the $300,000s, townhomes generally run from about $400,000, and lakefront detached reaches well into seven figures. Counts and prices move daily.
Is the lake premium worth it?
It depends on usage. Comparable detached in Mahogany typically prices above the same product in non-lake communities like Walden or Legacy nearby. Households that use the lake weekly through summer tend to recover that premium in both lifestyle and resale. Households that do not use it are paying a higher price and an annual fee for an amenity that sits idle.
What does the Mahogany lake fee cover?
The annual Mahogany Residents Association fee covers lake maintenance, the Beach Club, seasonal programming and shared amenities. Condos and townhomes usually bundle it into monthly fees; detached owners typically pay it separately each year. The amount changes annually, so always confirm the current schedule before you buy.
Can non-residents use the lake?
No. The lake and Beach Club are private to Mahogany residents and their registered guests. That exclusivity is part of what holds the premium.
What schools serve Mahogany?
Mahogany School (CBE, K to 4) is in the community. Divine Mercy serves Catholic families, and Joane Cardinal-Schubert High School serves grades 10 to 12. Junior high designations are assigned by address. Confirm current boundaries with the CBE and the Calgary Catholic School District before you buy.
Mahogany or Auburn Bay?
Mahogany has the larger lake at 63 acres against Auburn Bay's 43, the newer amenity build-out, and a wider price range. Auburn Bay is closer to South Health Campus, more settled, and generally priced under Mahogany for comparable detached. Both are worth touring on the same day if the lake is the point.
Is Mahogany still being built?
Yes. Mahogany continues to add phases, so parts of the community are finished and settled while others carry active construction. Which half you tour changes your impression considerably, so it is worth walking both before deciding.
About Raj Bhopla
Raj Bhopla
eXp Realty · A Calgary Realtor With a Builder's Eye
Raj Bhopla is a Calgary real estate professional who pairs local market guidance with a practical builder's eye. With more than a decade in home building and construction, he reads a home for layout, condition, renovation potential, and long-term resale value, not just cosmetic finishes.
In Mahogany, that means separating the lot premium from the upgrade premium before you pay for either, reading build-quality variation between the builders who worked different phases, and being straight about whether your household will use the lake enough to justify what it costs.
Find Your Home in Mahogany
Whether you are buying a first condo near the Village Market or a lakefront home on the water, get matched with Mahogany homes that fit your lifestyle, budget, and long-term plans.
Equal Housing Opportunity. eXp Realty is committed to compliance with all applicable fair housing and human rights laws. Housing opportunities are offered without regard to race, colour, religion, gender, sexual orientation, disability, family status, national origin, or any other protected ground. © 2026 Raj Bhopla · eXp Realty · bhopla.com
REVIEWS
Yogesh Paatil
Mandeep Singh
Dewangi Kode
GET MORE INFORMATION
