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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 193–216 of 500 listings
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$329,900
203-26 Country Hills View NW- 2 beds
- 2.0 baths
- 1,189 sq. ft.
Seller Brokerage: MaxWell Capital Realty
$359,900
124 Berkley Way NW- 3 beds
- 2.0 baths
- 704 sq. ft.
Seller Brokerage: Century 21 Bamber Realty LTD.
$364,900
204-830 Centre Avenue NE- 2 beds
- 1.0 bath
- 811 sq. ft.
Seller Brokerage: Century 21 Bravo Realty
$399,999
1311-740 Legacy Village Road SE- 2 beds
- 2.0 baths
- 1,028 sq. ft.
Seller Brokerage: eXp Realty
$238,888
1805-8880 Horton Road SW- 1 bed
- 1.0 bath
- 718 sq. ft.
Seller Brokerage: Drummer Realty & Property Management
$438,000
403-1441 23 Avenue SW- 2 beds
- 2.0 baths
- 1,324 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$189,900
1403-755 Copperpond Boulevard SE- 1 bed
- 1.0 bath
- 475 sq. ft.
Seller Brokerage: Real Estate Professionals Inc.
$485,000
171 Saddlemead Green NE- 3 beds
- 3.0 baths
- 1,250 sq. ft.
Seller Brokerage: RE/MAX Complete Realty
$500,000
102-474 Seton Circle SE- 3 beds
- 3.0 baths
- 1,636 sq. ft.
Seller Brokerage: Keller Williams BOLD Realty
$329,900
1205-950 Arbour Lake Road NW- 2 beds
- 1.0 bath
- 815 sq. ft.
Seller Brokerage: MaxWell Canyon Creek
$429,000
6412-20295 Seton Way SE- 2 beds
- 2.0 baths
- 1,088 sq. ft.
Seller Brokerage: RE/MAX Complete Realty
$450,000
16-64 Woodacres Crescent SW- 3 beds
- 3.0 baths
- 1,226 sq. ft.
Seller Brokerage: RE/MAX Realty Professionals
$399,000
405-824 Royal Avenue SW- 2 beds
- 2.0 baths
- 1,368 sq. ft.
Seller Brokerage: Homecare Realty Ltd.
$299,900
402-20 Kincora Glen Park NW- 2 beds
- 2.0 baths
- 881 sq. ft.
Seller Brokerage: MaxWell Capital 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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