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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 121–144 of 500 listings
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$268,800
112-20 Seton Park SE- 2 beds
- 1.0 bath
- 667 sq. ft.
Seller Brokerage: TREC The Real Estate Company
$374,900
701-108 15 Avenue SE- 2 beds
- 2.0 baths
- 1,244 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
$409,900
7806 20A Street SE- 3 beds
- 2.0 baths
- 908 sq. ft.
Seller Brokerage: Century 21 Bamber Realty LTD.
$429,900
2307-44 skyview Parkway NE- 3 beds
- 2.0 baths
- 839 sq. ft.
Seller Brokerage: Homecare Realty Ltd.
$375,000
1411-135 13 Avenue SW- 2 beds
- 2.0 baths
- 843 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$299,900
59 Abbeydale Villas NE- 2 beds
- 3.0 baths
- 1,074 sq. ft.
Seller Brokerage: Hope Street Real Estate Corp.
$499,900
166 Coverton Close- 3 beds
- 3.0 baths
- 1,351 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$254,900
1506-8880 Horton Road SW- 1 bed
- 1.0 bath
- 707 sq. ft.
Seller Brokerage: RE/MAX Landan Real Estate
$390,000
414-35 Inglewood Park SE- 2 beds
- 2.0 baths
- 1,092 sq. ft.
Seller Brokerage: The Real Estate District
$204,900
425-1717 60 Street SE- 2 beds
- 1.0 bath
- 525 sq. ft.
Seller Brokerage: Royal LePage Arteam Realty
$469,900
7842 21A Street SE- 3 beds
- 3.0 baths
- 1,094 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
$199,900
405-1129 Cameron Avenue SW- 1 bed
- 1.0 bath
- 449 sq. ft.
Seller Brokerage: Calgary West Realty
$210,000
705-1236 15 Avenue SW- 1 bed
- 1.0 bath
- 620 sq. ft.
Seller Brokerage: TREC The Real Estate Company
$265,000
412-260 Rowley Way NW- 1 bed
- 1.0 bath
- 516 sq. ft.
Seller Brokerage: Century 21 Bamber Realty 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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