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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 49–72 of 500 listings
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$295,900
120-10 SIERRA MORENA Mews SW- 2 beds
- 2.0 baths
- 830 sq. ft.
Seller Brokerage: Diamond Realty & Associates Ltd
$299,900
2408-8 Bridlecrest Drive SW- 2 beds
- 2.0 baths
- 852 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$378,999
14 Canterbury Gardens SW- 1 bed
- 2.0 baths
- 900 sq. ft.
Seller Brokerage: RE/MAX Complete Realty
$419,900
94 Mt Aberdeen Manor SE- 3 beds
- 2.0 baths
- 1,218 sq. ft.
Seller Brokerage: Royal LePage Benchmark
$489,900
207 Elgin Meadows Gardens SE- 3 beds
- 2.0 baths
- 1,133 sq. ft.
Seller Brokerage: Royal LePage METRO
$250,000
3410-4975 130 Avenue SE- 2 beds
- 2.0 baths
- 924 sq. ft.
Seller Brokerage: RE/MAX Landan Real Estate
$335,000
104-7172 Coach Hill Road SW- 3 beds
- 2.0 baths
- 1,194 sq. ft.
Seller Brokerage: RE/MAX Real Estate (Mountain View)
$418,500
161 New Brighton Villas SE- 2 beds
- 3.0 baths
- 1,203 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$440,000
102 Walden Circle SE- 3 beds
- 3.0 baths
- 1,548 sq. ft.
Seller Brokerage: Royal LePage Benchmark
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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