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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 145–168 of 500 listings
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$430,000
1419 Ranchlands Road NW- 3 beds
- 2.0 baths
- 1,185 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$325,000
2311-310 Mckenzie Towne Gate SE- 2 beds
- 2.0 baths
- 934 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$219,900
1128-2395 Eversyde Avenue SW- 1 bed
- 1.0 bath
- 567 sq. ft.
Seller Brokerage: Paramount Real Estate Corporation
$449,900
414 Brae Glen Crescent SW- 3 beds
- 2.0 baths
- 1,558 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$389,900
705-211 13 Avenue SE- 2 beds
- 2.0 baths
- 857 sq. ft.
Seller Brokerage: Century 21 Bravo Realty
$319,900
410-30 Shawnee Common SW- 2 beds
- 2.0 baths
- 785 sq. ft.
Seller Brokerage: Sotheby's International Realty Canada
$475,000
505-310 12 Avenue SW- 2 beds
- 2.0 baths
- 781 sq. ft.
Seller Brokerage: Top Producer Realty and Property Management
$334,000
5106-70 Panamount Drive NW- 2 beds
- 2.0 baths
- 935 sq. ft.
Seller Brokerage: Century 21 Argos 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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