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.

Bonavista DownsSouthCalgary

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  • 42 Lake Huron Place SE in Calgary: Bonavista Downs Detached for sale : MLS®# A2225438

    42 Lake Huron Place SE Bonavista Downs Calgary T2J 5H9
    Main Photo: 42 Lake Huron Place SE in Calgary: Bonavista Downs Detached for sale : MLS®# A2225438
    $599,900
    Residential
    Status:
    Active
    MLS® Num:
    A2225438
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,101 sq. ft.
    This extensively updated bungalow offers over 2,100 sq. ft. of comfortable, move-in ready living space with a clean, modern aesthetic throughout. Step inside to discover hardwood flooring, contemporary casings, and a soft neutral color palette that creates a warm and welcoming atmosphere. The spacious family room is bathed in natural light from oversized windows and flows seamlessly into a generous dining nook—perfect for hosting family dinners or entertaining guests. The stylish kitchen features sleek cabinetry, upgraded stainless steel appliances, a trendy backsplash, and plenty of counter space for meal prep and cooking. Three bedrooms are located on the main floor, including a spacious primary suite complete with a walk-in closet and convenient cheater access to the fully upgraded main bathroom. Modern doors, trim, and fixtures elevate the entire main level. The fully finished illegal basement suite provides a private retreat—ideal for extended family living. With its own SEPARATE ENTRANCE, the lower level includes newer LVP flooring, two additional bedrooms, and a beautifully renovated full bathroom. A shared laundry area is thoughtfully located at the bottom of the stairs for easy access from both levels. Step outside to a west-facing backyard that backs onto a serene green space. Enjoy warm evenings on the deck in your own private outdoor oasis. This property is located on a quiet cul-de-sac, with a children's play area in front and green space at the back. Recent Major Updates Include: ROOF (2015) Furnace (2019) Hot Water Tank (2020) WINDOWS (2020) and FRESHLY PAINTED. This home offers easy access to Deerfoot Trail, Macleod Trail, Bow Bottom Trail, and Anderson Road. Enjoy proximity to natural escapes like Fish Creek Park, the Bow River, and Willow Park Golf & Country Club. You're also within walking distance to Lake Bonavista Plaza, and just minutes from Southcentre Mall, transit, schools, churches, dog parks, playgrounds, and more — everything you need is right at your doorstep! LARGE LOT IDEAL FOR THE FUTURE DEVELOPMENT (subject to city approval). Don’t miss your chance—schedule your private viewing today! More details
    Listed by Royal LePage Benchmark and RE/MAX Real Estate (Mountain View)
    DIANE RICHARDSON
  • 1344 Lake Michigan Crescent SE in Calgary: Bonavista Downs Detached for sale : MLS®# A2226234

    1344 Lake Michigan Crescent SE Bonavista Downs Calgary T2J 3G1
    Main Photo: 1344 Lake Michigan Crescent SE in Calgary: Bonavista Downs Detached for sale : MLS®# A2226234
    $719,999
    Residential
    Status:
    Active
    MLS® Num:
    A2226234
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,112 sq. ft.
    Welcome to 1344 Lake Michigan Crescent SE, a beautifully transformed 4-bedroom, 2.5 bathroom bungalow offering over 2,000 sq ft of stylish, functional living in a quiet, family-friendly neighbourhood. This home has been completely renovated inside and out—featuring brand new windows, roof, deck, flooring, kitchen cabinets, fresh paint, and more. The bright, open-concept main floor is flooded with natural light from large windows, and includes a designer kitchen with modern finishes that will impress even the most discerning home chef. The fully finished basement offers two additional bedrooms, a full bath, and a separate entrance—ideal for multi-generational living or future legal suite potential. Step outside to a newly built deck overlooking a beautifully landscaped yard, perfect for summer evenings. The oversized double detached garage with high ceilings is a dream come true for anyone craving a dedicated workshop space – perfect for hobbies, projects, or simply a retreat to call their own. And with central air conditioning, you're ready to stay cool all summer long. Conveniently located near schools, parks, playgrounds, green spaces, Southcentre Mall, and public transit—this home offers not just beauty, but unbeatable value and convenience. Homes like this are rare in the area—don’t miss your opportunity to own a fully upgraded, move-in ready gem. More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 1349 Lake Sylvan Drive SE in Calgary: Bonavista Downs Detached for sale : MLS®# A2221064

    1349 Lake Sylvan Drive SE Bonavista Downs Calgary T2J 3Z5
    Main Photo: 1349 Lake Sylvan Drive SE in Calgary: Bonavista Downs Detached for sale : MLS®# A2221064
    $849,990
    Residential
    Status:
    Active
    MLS® Num:
    A2221064
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,054 sq. ft.
    Step into this impressively renovated home, gutted and transformed inside and out approximately two years ago, where a wide open floor plan immediately captivates. The heart of this home is the stunning kitchen, part of the extensive renovation completed around mid-2023, boasting a massive island with a striking waterfall quartz countertop. It's fully equipped with stainless steel appliances, ample storage in a large pantry, and sleek quartz counters throughout. Don't be deceived by the exterior; this home offers surprisingly spacious rooms. The master suite is a true retreat, measuring 14'5"x11'8". It features a luxurious full ensuite, also part of the home's comprehensive renovation, complete with dual sinks, a beautifully tiled glass shower, a separate soaker tub, and a walk-in closet outfitted with custom shelving. The main floor also includes a large second bedroom, another full bathroom, and an inviting open-concept dining and living area. A cozy fireplace and gleaming hardwood floors, all updated during the renovation, enhance the warmth and elegance of this space. Descend to the fully finished basement to discover an expansive family room, perfect for entertaining or relaxing. This level, also fully renovated, houses a stylish laundry room, a full bathroom with a tiled glass shower, and two additional generously sized bedrooms. The layout here offers excellent potential to create an in-law suite or a separate second unit by adding a kitchen, A secondary suite would be subject to approval and permitting by the city/ municipality. The exterior, completely redone roughly two years ago, features durable Hardie siding, concrete walkways, and landscaping. A double detached garage provides ample parking and storage. Investment Opportunity & Versatility: This property has a proven track record as a successful Airbnb rental, boasting excellent ratings, making it a turnkey option for those interested in a short-term rental business. Alternatively, its thoughtful layout easily lends itself to multi-generational living or conversion into two separate units. This exceptional, fully renovated home is a rare find, offering both a beautiful living space and significant income potential. An absolute must-see. More details
    Listed by HouseSigma Inc.
    DIANE RICHARDSON
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Data was last updated July 21, 2025 at 02:05 AM (UTC)
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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.