Call Robb Direct
403-478-4335
Graham Realty Inc.
Calgary, AB
Calgary Homes for Sale Under $500,000
500 active listings — updated every 15 minutes from MLS®
With 5,537 active listings under $500,000, Calgary offers exceptional value for homebuyers seeking affordable properties in a major Canadian city. This price range typically includes condominiums, townhomes, and starter homes across various neighbourhoods, providing opportunities for first-time buyers, investors, and those looking to downsize.
Showing 1–24 of 500 listings
Sort by:
$459,900
15 Erin Green Way SE- 4 beds
- 1/0 baths
- 1,033 sq. ft.
Seller Brokerage: TREC The Real Estate Company
$495,000
812 Cranbrook Walk SE- 3 beds
- 2/1 baths
- 1,223 sq. ft.
Seller Brokerage: Royal LePage Benchmark
$471,450
102-28 Red Embers Plaza NE- 4 beds
- 2/1 baths
- 1,818 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$468,825
54 Creekside Way SW- 4 beds
- 3/1 baths
- 1,313 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$468,825
50 Creekside Way SW- 4 beds
- 3/1 baths
- 1,313 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$339,900
24-3620 51 Street SW- 2 beds
- 1/0 baths
- 869 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
$449,900
34 Red Embers Plaza NE- 3 beds
- 2/1 baths
- 1,584 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$499,900
214 Huntington Close NE- 5 beds
- 3/0 baths
- 850 sq. ft.
Seller Brokerage: TREC The Real Estate Company
$350,000
1606-519 Riverfront Avenue SEDowntown East Village, Calgary
- 1 bed
- 1/0 baths
- 634 sq. ft.
Seller Brokerage: eXp Realty
$400,000
27 Country Hills Cove NW- 3 beds
- 2/1 baths
- 1,361 sq. ft.
Seller Brokerage: RE/MAX Real Estate (Mountain View)
$389,900
53 Millrise Lane SW- 3 beds
- 2/1 baths
- 1,626 sq. ft.
Seller Brokerage: Hope Street Real Estate Corp.
$399,900
204-218 Sherwood Square NW- 3 beds
- 2/1 baths
- 1,576 sq. ft.
Seller Brokerage: Keller Williams BOLD Realty
$495,000
2524 Eversyde Avenue SW- 4 beds
- 2/1 baths
- 1,318 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
Calgary's sub-$500,000 market features diverse housing options from modern downtown condos to family-friendly townhomes in established communities. Many properties in this range offer excellent potential for appreciation, particularly in up-and-coming neighbourhoods or those with planned infrastructure improvements. Buyers should consider factors like condo fees, property taxes, and proximity to transit when evaluating options.
Popular areas for affordable housing include communities in the northeast, southeast, and some inner-city neighbourhoods undergoing revitalization. Many listings feature updated kitchens, in-suite laundry, and parking, while newer developments often include modern amenities like fitness centres and visitor parking.
Top Calgary Homes for Sale Under $500,000 Communities in Calgary
The neighbourhoods with the most matching listings right now.
Frequently Asked Questions
You'll primarily find condominiums, townhomes, and some detached starter homes. Many are 1-3 bedrooms, with condos being most common in this price range, especially in downtown and inner-city areas.
Communities like Forest Lawn, Dover, Marlborough, and parts of the northeast and southeast offer good value. Some inner-city areas like Hillhurst and Bridgeland also have affordable condo options.
Budget for monthly condo fees (typically $200-400 for condos), property taxes, utilities, and potential special assessments. Also consider home inspection costs, legal fees, and moving expenses when planning your purchase.
Many properties in this range offer solid rental potential, especially condos near transit lines or universities. Research rental rates in specific buildings and consider cap rates, but remember that investment success depends on location, condition, and market timing.
Focus on location, transportation access, building condition, and potential for appreciation. Check condo reserve fund levels, recent renovations, and neighbourhood development plans. Consider pre-approval to move quickly in competitive situations.
Get Full MLS® Access — Free
Sign up to see sold prices, days on market, price history and set listing alerts for this search.