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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 25–48 of 500 listings
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$439,900
326-615 6 Avenue SEDowntown East Village, Calgary
- 2 beds
- 1.0 bath
- 767 sq. ft.
Seller Brokerage: Real Broker
$318,000
451-1620 8 Avenue NWHounsfield Heights/Briar Hill, Calgary
- 3 beds
- 2.0 baths
- 1,183 sq. ft.
Seller Brokerage: LPT Realty
$309,000
302-215 13 Avenue SW- 1 bed
- 1.0 bath
- 577 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
$449,900
43 Martindale Court NE- 3 beds
- 2.0 baths
- 1,117 sq. ft.
Seller Brokerage: Coldwell Banker YAD Realty
$498,000
128-6868 Sierra Morena Boulevard SW- 2 beds
- 2.0 baths
- 1,405 sq. ft.
Seller Brokerage: RE/MAX Real Estate (Mountain View)
$314,900
1235-1540 Sherwood Boulevard NW- 2 beds
- 2.0 baths
- 865 sq. ft.
Seller Brokerage: Century 21 Bamber Realty LTD.
$294,999
3306-302 Skyview Ranch Drive NE- 2 beds
- 2.0 baths
- 811 sq. ft.
Seller Brokerage: The Real Estate District
$419,900
704-7171 Coach Hill Road SW- 2 beds
- 2.0 baths
- 1,291 sq. ft.
Seller Brokerage: RE/MAX Landan Real Estate
$499,900
1315-95 Burma Star Road SW- 2 beds
- 2.0 baths
- 950 sq. ft.
Seller Brokerage: RE/MAX Real Estate (Mountain View)
$350,000
103-777 3 AvenueDowntown Commercial Core, Calgary
- 2 beds
- 2.0 baths
- 1,146 sq. ft.
Seller Brokerage: RE/MAX First
$344,900
149-66 Glamis Green SW- 2 beds
- 2.0 baths
- 1,159 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$399,000
334-5201 Dalhousie Drive NW- 2 beds
- 2.0 baths
- 1,219 sq. ft.
Seller Brokerage: MaxWell Capital Realty
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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