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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 241–264 of 500 listings
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$285,000
102-500 Auburn Meadows Common SE- 2 beds
- 1.0 bath
- 534 sq. ft.
Seller Brokerage: First Place Realty
$449,900
1007-132 Red Embers Link NE- 3 beds
- 3.0 baths
- 1,455 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$287,500
3205-16969 24 Street SW- 2 beds
- 2.0 baths
- 841 sq. ft.
Seller Brokerage: Century 21 Bravo Realty
$285,000
218-25 Richard Place SW- 1 bed
- 1.0 bath
- 817 sq. ft.
Seller Brokerage: Century 21 Bamber Realty LTD.
$324,900
304-2022 Canyon Meadows Drive SE- 2 beds
- 2.0 baths
- 1,029 sq. ft.
Seller Brokerage: Real Broker
$285,000
2203-240 Skyview Ranch Road NE- 2 beds
- 2.0 baths
- 847 sq. ft.
Seller Brokerage: Coldwell Banker Mountain Central
$389,900
151 Deerview Court SE- 3 beds
- 1.0 bath
- 871 sq. ft.
Seller Brokerage: Century 21 Bamber Realty LTD.
$362,900
3619-8500 19 Avenue SE- 2 beds
- 2.0 baths
- 817 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
$340,000
111 Deerfield Drive SE- 3 beds
- 2.0 baths
- 1,062 sq. ft.
Seller Brokerage: The Real Estate District
$215,000
303-1328 13 Avenue SW- 1 bed
- 1.0 bath
- 556 sq. ft.
Seller Brokerage: Century 21 Bamber Realty LTD.
$494,866
1176 Penrith Crescent SE- 3 beds
- 2.0 baths
- 834 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
$469,900
3525 69 Street NW- 2 beds
- 3.0 baths
- 1,391 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
$399,900
55 Queen Isabella Close SE- 4 beds
- 2.0 baths
- 1,046 sq. ft.
Seller Brokerage: RE/MAX Landan Real Estate
$410,000
18 Hidden Creek Rise NW- 3 beds
- 3.0 baths
- 1,405 sq. ft.
Seller Brokerage: Century 21 Masters
$429,900
505 Evanston Square NW- 2 beds
- 3.0 baths
- 1,242 sq. ft.
Seller Brokerage: Royal LePage Benchmark
$208,888
2701-221 6 Avenue SEDowntown Commercial Core, Calgary
- 1 bed
- 1.0 bath
- 700 sq. ft.
Seller Brokerage: eXp Realty
$400,000
2004-1118 12 Avenue SW- 2 beds
- 2.0 baths
- 1,000 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
$219,900
8206-70 Panamount Drive NW- 1 bed
- 1.0 bath
- 581 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
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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