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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 97–120 of 500 listings
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$414,900
5-172 Rockyledge View NW- 2 beds
- 3.0 baths
- 1,138 sq. ft.
Seller Brokerage: REMAX Innovations
$400,000
1-5315 53 Avenue NW- 4 beds
- 3.0 baths
- 968 sq. ft.
Seller Brokerage: The Real Estate District
$345,000
102-6315 Ranchview Drive NW- 2 beds
- 2.0 baths
- 928 sq. ft.
Seller Brokerage: MaxWell Capital Realty
$251,900
34-1234 Edenwold Heights NW- 2 beds
- 2.0 baths
- 878 sq. ft.
Seller Brokerage: RE/MAX Real Estate (Mountain View)
$305,000
34-25 Auburn Meadows Avenue SE- 2 beds
- 1.0 bath
- 723 sq. ft.
Seller Brokerage: RE/MAX Landan Real Estate
$324,800
6020 temple Drive NE- 3 beds
- 2.0 baths
- 1,066 sq. ft.
Seller Brokerage: Royal LePage Blue Sky
$299,999
2214-81 Legacy Boulevard SE- 3 beds
- 2.0 baths
- 842 sq. ft.
Seller Brokerage: RE/MAX Real Estate (Mountain View)
$410,000
3110-200 Seton Circle SE- 2 beds
- 2.0 baths
- 766 sq. ft.
Seller Brokerage: Luxira Residential Brokerage
$234,900
425-5000 Somervale Court SW- 1 bed
- 1.0 bath
- 542 sq. ft.
Seller Brokerage: MaxWell Canyon Creek
$268,800
112-20 Seton Park SE- 2 beds
- 1.0 bath
- 667 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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