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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 409–432 of 500 listings
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$399,997
1208 Cornerstone Street NE- 3 beds
- 3.0 baths
- 1,392 sq. ft.
Seller Brokerage: RE/MAX Complete Realty
$440,000
406-830 Centre Avenue NE- 2 beds
- 2.0 baths
- 932 sq. ft.
Seller Brokerage: Royal LePage Benchmark
$415,000
2314-111 Wolf Creek Drive SE- 3 beds
- 2.0 baths
- 838 sq. ft.
Seller Brokerage: Hope Street Real Estate Corp.
$289,900
1405-1010 6 Street SW- 1 bed
- 1.0 bath
- 400 sq. ft.
Seller Brokerage: Century 21 Bamber Realty LTD.
$266,000
1218-1540 Sherwood Boulevard NW- 1 bed
- 1.0 bath
- 692 sq. ft.
Seller Brokerage: Coldwell Banker Mountain Central
$294,900
5308-151 Legacy Main Street SE- 2 beds
- 2.0 baths
- 686 sq. ft.
Seller Brokerage: D Gees Realty Inc.
$495,000
72 Whitehaven Road NE- 3 beds
- 2.0 baths
- 880 sq. ft.
Seller Brokerage: Century 21 Bamber Realty LTD.
$424,900
99 Copperfield Court SE- 2 beds
- 3.0 baths
- 1,253 sq. ft.
Seller Brokerage: The Real Estate District
$449,900
120-1750 Rangeview Drive SE- 3 beds
- 3.0 baths
- 1,579 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$249,900
117-790 Kingsmere Crescent SW- 1 bed
- 1.0 bath
- 698 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$315,000
901-128 2 Street SW- 1 bed
- 1.0 bath
- 515 sq. ft.
Seller Brokerage: Century 21 Property Management ACE
$354,900
421-10 Walgrove SE- 2 beds
- 2.0 baths
- 764 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$399,900
102-1605 17 Street SE- 2 beds
- 2.0 baths
- 849 sq. ft.
Seller Brokerage: TREC The Real Estate Company
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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