Calgary Condos for Sale Under $500,000 | Affordable & Modern Options Calgary Condos for Sale Under $500,000

Discover a wide variety of Calgary condos for sale under $500,000, ideal for first-time buyers, professionals, and those looking for a convenient and modern lifestyle. Calgary offers a diverse selection of affordable condominiums across its vibrant neighborhoods.

Explore affordable Calgary condos for sale under $500,000 in downtown neighborhoods, offering easy access to shopping, dining, and entertainment. Neighborhoods like Beltline, Mission, and Kensington provide urban living at an affordable price. Mid-range condosThese are typically larger units, with more bedrooms and bathrooms, and can include newer buildings with more amenities. Prices for mid-range condos in Calgary Condos for sale can range from around $300,000 - $500,000.
Entry-level condos: These are typically the most affordable condos in the area, and can include smaller units in older buildings or those that are farther from the city center. Prices for entry-level condos in Calgary can start around $150,000 - $300,000.
If you’re looking for pet-friendly spaces, check out pet-friendly Calgary condos under $500,000 in top neighborhoods. These properties cater to your furry friends while offering proximity to parks and pet-friendly amenities.
For those seeking contemporary living, browse modern Calgary condos under $500,000 with open-concept designs and amenities. These condos often feature updated kitchens, energy-efficient systems, and access to fitness centers and recreational facilities.

Start your journey to owning a condo in Calgary today and find the perfect combination of affordability and modern comfort.

Contact Diane Richardson

Phone: 403.397.3706

Email: diane@mypadcalgary.com

A few things to consider purchasing a Calgary condo under $500,000?

If you're considering purchasing a condo in Calgary for under $500,000, there are several factors to keep in mind:

  1. Affordability: Even though the price range is lower, you still need to ensure that the condo you're considering is within your budget. Consider all costs associated with the purchase, such as condo fees, taxes, and utilities.

  2. Location: Look for a condo located in a desirable neighbourhood that's convenient for your lifestyle. Consider its proximity to public transportation, shopping, dining, and other amenities that you need.

  3. Building quality: Check the quality of the building, including its age, condition, and any potential repairs or maintenance that might be required. This is particularly important if you're purchasing an older unit.

  4. Condo association: Look into the condo association and the management company overseeing the property. Check their financial stability, responsiveness to residents, and any recent or ongoing legal issues.

  5. Building amenities: Consider the building's amenities, such as a gym, pool, rooftop terrace, or concierge. Be sure to weigh the cost of the amenities against their value to you.

  6. Condo size and layout: Look for a condo that fits your needs in terms of space, layout, and functionality.

  7. Financing: Work with a mortgage broker to understand your financing options and to get the best possible interest rate.

  8. Home inspection: Consider hiring a professional home inspector to identify any potential issues with the condo before making an offer.

    I am alway here to answer your question, whether you are looking to sell your Calgary condo or purchase a condo in Calgary. You can reach Diane Richardson by email or call or text me at 403.397.3706 

Here are a few ways to make it easy for you to get in touch with Diane Richardson:

  1. Contact form: A contact form on my website can allow you to send me a message directly from this page. Be sure to include your name, email address, and a message.

  2. Phone number: Included is my phone number here on the page can allow you to call you me directly with any questions or to schedule viewings. 403.397.3706

  3.  Email address: an email address ( Diane@Mypadcalgary.com )can allow you to reach out to me with any questions or to request more information.

  4. Live chat: I have a live chat feature on this website, you can get in touch with me in real-time and get immediate answers to your questions.

    Please be sure to include the property address or MLS® number for the listing you are interested in.

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403 1815 16 Street SW
Bankview Calgary T2T 4E3

$209,999
Residential beds: 1 baths: 1.0 437 sq. ft. built: 1962

The Madrid
Photo 1: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
Photo 2: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
Photo 3: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
Photo 4: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
Photo 5: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
Photo 6: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
Photo 7: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
Photo 8: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
Photo 9: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
Photo 10: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
Photo 11: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2230090
Bedrooms:
1
Bathrooms:
1
Year Built:
1962
This unit is located in the Madrid building in Bankview just off of the trendy 17th Ave SW with bus routes to downtown. This is the perfect condo for an investor or a buyer who wants the inner city lifestyle to be close to the pulse and beat of 17th and DT. The unit itself is a top floor open concept floor plan with a modern urban vibe. It is well furnished to make your transition into your new place easy as you just have to bring your personal belongings and some home decor to make it even more stylish than it is. The patio faces west for you to sit out and enjoy the beautiful evening prairie sun. With in suite laundry and a storage unit in the building, a lot of what you want and need meets the checklist of this unit. Check this urban top floor unit out and make it your home before it's swept up.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Suite:
No
Home Style:
Apartment-Single Level Unit
Total Living Area:
437.15 sq. ft.
Condo Fee:
$432.70
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
Front Exposure:
East
Unit Exposure:
Southwest, West
Floor Location:
Top
Entry Level:
4
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls, No One Above
Total Rooms Above Grade:
2
Year built:
1962 (Age: 63)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0714592
Heating:
Baseboard
New Constr.:
No
Construction Material:
Concrete
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
None
Parking Places:
0
Parking Total/Covered:
0 / -
Laundry Features:
In Unit, Other
Condo Fee Frequency:
Monthly
Z-name Not Listed
Bankview (Calgary)
Coin Laundry
Dishwasher, Microwave, Refrigerator, Stove(s), Washer/Dryer Stacked
Couch set (couch and love seat,) Coffee table, Dining table and chairs, Wooden wall panel with dowels/shelf, Northern Pacific wall Art piece, Bed, Laundry Shelf, portable AC unit
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
11'10" × 10'2"
Main Floor
Balcony
8'4" × 3'
Main Floor
Laundry
3'3" × 3'1"
Main Floor
Other
14'5" × 13'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
4'11" x 7'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Open Floorplan, Storage
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Jun 18, 2025
  • Photo 1: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
    The Madrid
  • Photo 2: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
    Living
  • Photo 3: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
    Living/Dining
  • Photo 4: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
    Entrance
  • Photo 5: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
    Kitchen
  • Photo 6: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
    Primary
  • Photo 7: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
    Primary
  • Photo 8: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
    Washer/Dryer
  • Photo 9: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
    Patio
  • Photo 10: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
    Back of Building
  • Photo 11: 403 1815 16 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2230090
    Storage
Listed by eXp Realty
Data was last updated July 19, 2025 at 10:05 PM (UTC)
Area Statistics
Listings on market:
40
Avg list price:
$264,900
Min list price:
$164,900
Max list price:
$1,489,000
Avg days on market:
28
Min days on market:
1
Max days on market:
142
Avg price per sq.ft.:
$385.91
These statistics are generated based on the current listing's property type and located in Bankview. Average values are derived using median calculations. This data is not produced by the MLS® system.
DIANE RICHARDSON
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.