Park Place of Mahogany Lake

Park Place of Mahogany Lake, located at 185 Mahogany Gd SE in Calgary's Mahogany community, is a newer townhome condo development built in 2023 comprising 181 units. The development is anchored on a 13-acre central green space with recreational amenities including pickleball and tennis courts, community gardens, and an amphitheatre, plus direct access to Mahogany Lake. Recent sales have averaged around $618,000, with monthly condo fees averaging roughly $315. The City of Calgary's 2026 assessed value for units averages $532,000. Before committing to purchase, prospective buyers should have the condo corporation's reserve fund study, financial statements, board minutes, bylaws, and insurance documentation professionally reviewed to understand the building's long-term financial health and governance.