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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242 Discovery Ridge Bay SW
Discovery Ridge Calgary T3H 5T7

$1,148,000
Residential beds: 5 baths: 4.0 2,506 sq. ft. built: 2005

Main Photo: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Photo 1: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Photo 2: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Photo 3: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Photo 4: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Photo 5: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Photo 6: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Photo 7: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Photo 8: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
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Photo 10: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
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Photo 41: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Photo 42: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Photo 43: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Photo 44: 242 Discovery Ridge Bay SW in Calgary: Discovery Ridge Detached for sale : MLS®# A2246155
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2246155
Bedrooms:
5
Bathrooms:
4
Year Built:
2005
Welcome to your dream home in coveted Discovery Ridge—a nature-rich, west Calgary gem tucked along the Elbow River and bordered by the stunning Griffith Woods Park. Impeccably maintained and move-in ready, this residence offers over 3,600 sq ft of beautifully finished living space, with a fully developed walkout basement and a sun-drenched, west-facing backyard. From the moment you step inside, the home shines with natural light, crisp white millwork, marble accents, and gleaming hardwood floors that flow across the main and upper levels. The open-concept main floor features a formal dining room, private home office/den, and a welcoming great room that brings together an island kitchen, breakfast nook, and cozy family room. The chef-inspired kitchen features white cabinetry, granite countertops, a marble backsplash, and new stainless steel appliances. The adjacent nook, with its marble flooring, opens onto a spacious deck with a glass railing—perfect for morning coffee or evening sunsets. Upstairs, you'll find three spacious bedrooms and a vaulted bonus room, complete with a built-in desk, media unit, and a second gas fireplace. The primary suite offers a walk-in closet and a spa-like 5-piece en-suite with dual sinks, soaker tub, and separate shower. The walkout basement is thoughtfully developed with a fourth bedroom, 3-piece bathroom, and expansive living areas—ideal for a nanny, guests, or extended family. A flex space offers the perfect spot for a home gym or potential fifth bedroom, and the kitchenette/wet bar adds convenience for multi-generational living or entertaining. Outside, enjoy your private west backyard oasis, complete with an upper deck with glass railings, stairs leading to the stone patio and a lush, landscaped yard. A new roof (2020) adds peace of mind. Tucked away on the city's Western edge, Discovery Ridge is known for its serene environment, luxury homes, and proximity to nature, offering an unparalleled lifestyle. With Griffith Woods Park at your doorstep, enjoy walking trails, wildlife, and a true escape from the city—while still being only minutes to the city core and top amenities. Here it is, a family home that truly has it all - welcome home!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,506 sq. ft.
Main Level Finished Area:
1,267 sq. ft.
Upper Level Finished Area:
1,239 sq. ft.
Below Grade Finished Area:
1,186 sq. ft.
HOA Fee Frequency:
Annually
Lot Area:
5,715 sq. ft.
Lot Frontage:
52'9½"
Front Exposure:
East
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2005 (Age: 20)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0510376
Heating:
Forced Air, Heat Pump
Basement:
Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
2
Fireplace Details:
Gas
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Main Level
HOA Fee:
$325.00
Discovery Ridge
Park, Playground, Racquet Courts, Recreation Facilities
Bar Fridge, Dishwasher, Gas Range, Microwave, Refrigerator, Washer/Dryer, Window Coverings
basement microwave
Restrictive Covenant-Building Design/Size
Floor
Type
Size
Other
Main Floor
Breakfast Nook
10' × 8'
Main Floor
Dining Room
11'9" × 10'1"
Main Floor
Kitchen
16'1" × 14'6"
Main Floor
Laundry
10'8" × 8'7"
Main Floor
Living Room
22'4" × 14'11"
Main Floor
Office
13' × 9'11"
2nd Floor
Bedroom
11'5" × 10'2"
2nd Floor
Bedroom
14'3" × 10'2"
2nd Floor
Family Room
16'6" × 14'
2nd Floor
Bedroom - Primary
14'10" × 14'6"
2nd Floor
Walk-In Closet
9'5" × 4'11"
Basement
Dinette
14'1" × 13'9"
Basement
Bedroom
14'1" × 13'2"
Basement
Bedroom
12'11" × 8'11"
Basement
Nook
9'11" × 7'10"
Basement
Game Room
23'5" × 15'2"
Basement
Storage
21'8" × 9'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 4'11"
2nd Floor
No
4
4'11" x 8'6"
2nd Floor
Yes
5
11'2" x 9'8"
Basement
No
3
7'6" x 7'5"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Built-in Features, Double Vanity, Granite Counters, High Ceilings, Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Recessed Lighting, Soaking Tub, Storage, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior Features:
Garden, Private Yard
Patio And Porch Features:
Deck, Front Porch, Patio
Lot Features:
Cul-De-Sac, Garden, Landscaped, Lawn, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-G
Listed Date:
Aug 06, 2025
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    Upper bonus room with vaulted ceilings
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    Primary ensuite
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    Upper floor bedroom 1
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    Upper floor bedroom 2
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    Upper floor main bath
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    Walkout level rec room
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    Walkout level nook with access to patio
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    Walkout level bedroom
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    Walkout level wetbar
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    Walkout level 3bathroom piece
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    Home gym/potential 5th bedroom
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Virtual Tour

Listed by Century 21 Bamber Realty LTD.
Data was last updated August 10, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$1,098,000
Min list price:
$329,000
Max list price:
$2,288,000
Avg days on market:
34
Min days on market:
4
Max days on market:
164
Avg price per sq.ft.:
$443.4
These statistics are generated based on the current listing's property type and located in Discovery Ridge. 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.