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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
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$474,900
310-16 Varsity Estates Circle NW- 2 beds
- 2.0 baths
- 993 sq. ft.
Seller Brokerage: Real Broker
$474,250
503-321 Hotchkiss Drive SE- 4 beds
- 3.0 baths
- 1,667 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$329,000
1001-325 3 Street SEDowntown East Village, Calgary
- 2 beds
- 2.0 baths
- 769 sq. ft.
Seller Brokerage: Real Broker
$479,900
57 Martinvalley Way NE- 3 beds
- 2.0 baths
- 1,092 sq. ft.
Seller Brokerage: RE/MAX Complete Realty
$395,000
1801 Signal Hill Green SW- 2 beds
- 3.0 baths
- 1,120 sq. ft.
Seller Brokerage: Jessica Chan Real Estate & Management Inc.
$447,888
22 Tarington Landing NE- 3 beds
- 3.0 baths
- 1,279 sq. ft.
Seller Brokerage: RE/MAX Real Estate (Mountain View)
$339,999
256 Taracove Place NE- 3 beds
- 2.0 baths
- 1,326 sq. ft.
Seller Brokerage: Coldwell Banker YAD Realty
$317,900
903-1107 15 Avenue SW- 2 beds
- 1.0 bath
- 824 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.
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.
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