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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1349 Lake Sylvan Drive SE
Bonavista Downs Calgary T2J 3Z5

$849,990
Residential beds: 4 baths: 3.0 1,054 sq. ft. built: 1972

Main Photo: 1349 Lake Sylvan Drive SE in Calgary: Bonavista Downs Detached for sale : MLS®# A2221064
Photo 1: 1349 Lake Sylvan Drive SE in Calgary: Bonavista Downs Detached for sale : MLS®# A2221064
Photo 2: 1349 Lake Sylvan Drive SE in Calgary: Bonavista Downs Detached for sale : MLS®# A2221064
Photo 3: 1349 Lake Sylvan Drive SE in Calgary: Bonavista Downs Detached for sale : MLS®# A2221064
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Photo 41: 1349 Lake Sylvan Drive SE in Calgary: Bonavista Downs Detached for sale : MLS®# A2221064
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2221064
Bedrooms:
4
Bathrooms:
3
Year Built:
1972
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.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,054 sq. ft.
Lot Area:
4,499 sq. ft.
Lot Frontage:
45'¼"
Front Exposure:
South
Unit Exposure:
South
Levels:
One
Total Rooms Above Grade:
2
Year built:
1972 (Age: 53)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
907LK
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Bonavista Downs
Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
tv and bracket in living room
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
14'5" × 11'8"
Main Floor
Bedroom
11'8" × 11'2"
Basement
Bedroom
14'10" × 12'7"
Basement
Bedroom
12'10" × 10'9"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
5
7'6" x 8'4"
Main Floor
No
4
4'11" x 8'3"
Basement
No
4
9'10" x 4'11"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s)
Interior Features:
Granite Counters, Kitchen Island, No Animal Home, No Smoking Home, Recessed Lighting, See Remarks, Vinyl Windows
Exterior Features:
Other
Patio And Porch Features:
Patio
Lot Features:
Back Lane, Back Yard, Corner Lot, Front Yard, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-CG
Listed Date:
May 16, 2025
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Listed by HouseSigma Inc.
Data was last updated July 28, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
7,119
Avg list price:
$574,800
Min list price:
$99,999
Max list price:
$13,500,000
Avg days on market:
35
Min days on market:
1
Max days on market:
730
Avg price per sq.ft.:
$415.31
These statistics are generated based on the current listing's property type and located in Calgary. 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.