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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 433–456 of 500 listings
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$369,900
144 Country Hills Villas NW- 2 beds
- 2.0 baths
- 1,189 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$410,000
333 Silverado Common SW- 2 beds
- 3.0 baths
- 1,256 sq. ft.
Seller Brokerage: First Place Realty
$474,800
102-255 Les Jardins Park SE- 2 beds
- 2.0 baths
- 972 sq. ft.
Seller Brokerage: Jayman Realty Inc.
$394,900
107-3204 Rideau Place SW- 1 bed
- 1.0 bath
- 734 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
$499,989
790 Wolf Willow Boulevard SE- 3 beds
- 3.0 baths
- 1,425 sq. ft.
Seller Brokerage: MaxWell Canyon Creek
$425,000
15-27 Springborough Boulevard SW- 3 beds
- 3.0 baths
- 700 sq. ft.
Seller Brokerage: Real Broker
$449,900
103-40 Creekside Way SW- 3 beds
- 3.0 baths
- 1,583 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$449,900
104-40 Creekside Way SW- 3 beds
- 3.0 baths
- 1,586 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$476,900
101-40 Creekside Way SW- 3 beds
- 3.0 baths
- 1,587 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$460,950
58 Creekside Way SW- 4 beds
- 4.0 baths
- 1,315 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$459,900
165-2117 81 Street SW- 2 beds
- 2.0 baths
- 1,301 sq. ft.
Seller Brokerage: Royal LePage Benchmark
$219,900
302-2602 14A Street SW- 2 beds
- 1.0 bath
- 869 sq. ft.
Seller Brokerage: The Real Estate District
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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