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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 217–240 of 500 listings
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$399,000
405-824 Royal Avenue SW- 2 beds
- 2.0 baths
- 1,368 sq. ft.
Seller Brokerage: Homecare Realty Ltd.
$299,900
402-20 Kincora Glen Park NW- 2 beds
- 2.0 baths
- 881 sq. ft.
Seller Brokerage: MaxWell Capital Realty
$214,900
711-738 3 Avenue SW- 1 bed
- 1.0 bath
- 539 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$427,000
11 Sage Bluff Gate NW- 2 beds
- 3.0 baths
- 1,216 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
$249,900
409-550 Riverfront Avenue SEDowntown East Village, Calgary
- 1 bed
- 2.0 baths
- 585 sq. ft.
Seller Brokerage: Real Broker
$367,000
306-1001 68 Avenue SW- 2 beds
- 2.0 baths
- 1,083 sq. ft.
Seller Brokerage: Century 21 Bamber Realty LTD.
$374,900
603-218 Sherwood Square NW- 3 beds
- 3.0 baths
- 1,565 sq. ft.
Seller Brokerage: Keller Williams BOLD Realty
$375,000
2-2207 28 Street SW- 3 beds
- 2.0 baths
- 607 sq. ft.
Seller Brokerage: TREC The Real Estate Company
$449,900
203-28 Red Embers Plaza NE- 3 beds
- 3.0 baths
- 1,456 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$345,000
130 Auburn Meadows Walk SE- 2 beds
- 1.0 bath
- 764 sq. ft.
Seller Brokerage: One Percent Realty
$449,900
1023-132 Red Embers Link NE- 3 beds
- 3.0 baths
- 1,455 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
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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