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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 481–500 of 500 listings
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$354,900
518-4138 University Avenue NW- 1 bed
- 1.0 bath
- 493 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$268,800
98-2519 38 Street NE- 2 beds
- 1.0 bath
- 988 sq. ft.
Seller Brokerage: Century 21 Bamber Realty LTD.
$285,000
102-15233 1 Street SE- 2 beds
- 2.0 baths
- 702 sq. ft.
Seller Brokerage: RE/MAX Landan Real Estate
$469,900
127-1750 Rangeview Drive SE- 4 beds
- 3.0 baths
- 1,812 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$471,400
133-1750 Rangeview Drive SE- 4 beds
- 3.0 baths
- 1,812 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$497,900
125-1750 Rangeview Drive SE- 4 beds
- 3.0 baths
- 1,812 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$399,900
6313 128 Avenue NE- 2 beds
- 3.0 baths
- 1,169 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
$279,800
514-20 Kincora Glen Park NW- 2 beds
- 2.0 baths
- 698 sq. ft.
Seller Brokerage: The Real Estate District
$348,500
5-6503 Ranchview Drive NW- 3 beds
- 2.0 baths
- 1,073 sq. ft.
Seller Brokerage: Baxter & Associates Real Estate Services
$430,000
47 Huntstrom Drive NE- 3 beds
- 2.0 baths
- 978 sq. ft.
Seller Brokerage: Century 21 Bamber Realty LTD.
$425,000
94-2300 Oakmoor Drive SW- 3 beds
- 3.0 baths
- 1,225 sq. ft.
Seller Brokerage: The Home Hunters Real Estate Group Ltd.
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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