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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 169–192 of 500 listings
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$445,000
213 Toscana Gardens NW- 2 beds
- 3.0 baths
- 1,241 sq. ft.
Seller Brokerage: Hope Street Real Estate Corp.
$399,999
106-7239 Sierra Morena Boulevard SW- 2 beds
- 2.0 baths
- 1,128 sq. ft.
Seller Brokerage: eXp Realty
$385,000
3205-200 Seton Circle SE- 2 beds
- 2.0 baths
- 834 sq. ft.
Seller Brokerage: RE/MAX Landan Real Estate
$309,900
21-251 90 Avenue SE- 2 beds
- 1.0 bath
- 864 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$459,900
2302 Olympia Drive SE- 3 beds
- 1.0 bath
- 1,073 sq. ft.
Seller Brokerage: Royal LePage Solutions
$324,800
71-740 Bracewood Drive SW- 2 beds
- 2.0 baths
- 948 sq. ft.
Seller Brokerage: The Home Hunters Real Estate Group Ltd.
$315,000
2408-302 Skyview Ranch Drive NE- 2 beds
- 2.0 baths
- 839 sq. ft.
Seller Brokerage: Century 21 Bravo Realty
$410,000
20 Cornerstone Manor NE- 4 beds
- 3.0 baths
- 1,554 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$418,950
908-132 Red Embers Link NE- 3 beds
- 3.0 baths
- 1,262 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$418,950
906-132 Red Embers Link NE- 3 beds
- 3.0 baths
- 1,262 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$319,999
313-7 Harvest Gold Manor NE- 2 beds
- 2.0 baths
- 878 sq. ft.
Seller Brokerage: Homecare Realty Ltd.
$274,900
2310-2280 68 Street NE- 2 beds
- 1.0 bath
- 855 sq. ft.
Seller Brokerage: Diamond Realty & Associates Ltd
$500,000
212 Coachway Lane SW- 3 beds
- 3.0 baths
- 1,378 sq. ft.
Seller Brokerage: RE/MAX House of Real Estate
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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