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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206 222 5 Avenue NE
Crescent Heights Calgary T2E 0K6

$275,900
Residential beds: 2 baths: 1.0 701 sq. ft. built: 1978

Main Photo: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 1: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 2: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 3: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 4: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 5: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 6: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 7: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 8: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 9: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 10: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 11: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 12: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 13: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 14: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 15: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 16: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Photo 17: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2227805
Bedrooms:
2
Bathrooms:
1
Year Built:
1978
Welcome to your urban oasis just a 1/2 block to Rotary Park and 3 blocks to downtown.. This bright and stylish south-facing 2-bedroom condo is ready for you to move in, nestled on a charming tree-lined street in the sought-after Crescent Heights community with a high walk score, bikers dream. With modern upgrades like newer windows and gleaming hardwood floors, this property presents an excellent opportunity for first-time buyers or astute investors. The contemporary kitchen, equipped with rich maple cabinetry . Enjoy relaxing in the spacious living room or hosting gatherings on the sunny south-facing patio. The two well-proportioned bedrooms provide versatility for a home office or the option to share with a roommate to ease mortgage costs. Additional conveniences include in-suite laundry, a dedicated parking space, and a large private storage locker. Step outside to embrace the benefits of city living while enjoying the serenity of an established neighborhood, just minutes from downtown. Rotary Park, featuring an off-leash dog area, playground, tennis courts, and splash park, is only a short 30-second walk away. With easy access to public transit, parks, grocery stores, coffee shops, and excellent dining options, this remarkable unit strikes the perfect balance of lifestyle, location, and affordability. Don’t miss out on this opportunity!
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:
701.38 sq. ft.
Main Level Finished Area:
701.38 sq. ft.
Condo Fee:
$690.11
Condo Fee Includes:
Common Area Maintenance, Heat, Parking, Professional Management, Sewer, Snow Removal, Water
Front Exposure:
South
Unit Exposure:
South
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
1978 (Age: 47)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0110571
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Wood Siding
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Parkade, Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Crescent Heights
None
Electric Stove, Refrigerator, Washer/Dryer
n/a
None Known
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
10' × 6'1"
Main Floor
Dining Room
9'8" × 7'9"
Main Floor
Living Room
12'10" × 12'
Main Floor
Bedroom
9'10" × 9'2"
Main Floor
Bedroom
11'3" × 9'10"
Main Floor
Balcony
11'8" × 3'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Sidewalks, Tennis Court(s), Walking/Bike Paths
Interior Features:
Separate Entrance
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Lot Features:
Landscaped
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-CG d72
Listed Date:
Jun 04, 2025
  • Photo 1: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
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    Photo 9 of 17
  • Photo 10: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
    South facing balcony
  • Photo 11: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
    Photo 11 of 17
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  • Photo 13: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
    Just a 10 minute walk to the Bow River walkways
  • Photo 14: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
    Center street bridge
  • Photo 15: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
    walkway Rotary Park to downtown.
  • Photo 16: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
    Neighborhood shops
  • Photo 17: 206 222 5 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2227805
    Reconciliation Bridge
Listed by RE/MAX House of Real Estate
Data was last updated August 7, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
52
Avg list price:
$362,400
Min list price:
$169,000
Max list price:
$2,390,000
Avg days on market:
46
Min days on market:
1
Max days on market:
195
Avg price per sq.ft.:
$473.42
These statistics are generated based on the current listing's property type and located in Crescent Heights. 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.