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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505 550 Riverfront Avenue SE
Downtown East Village Calgary T2G 1E5

$289,900
Residential beds: 1 baths: 2.0 547 sq. ft. built: 2015

Main Photo: 505 550 Riverfront Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2236498
Photo 1: 505 550 Riverfront Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2236498
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2236498
Bedrooms:
1
Bathrooms:
2
Year Built:
2015
This sophisticated one bedroom 1 1/2 bath home has been upgraded with beautiful cherry laminate flooring which flows throughout the open concept kitchen/Dining and Living areas. Sleek modern grey/white cabinets offer lots of storage space and anchor the well laid out kitchen with stainless appliances and a convenient movable island for entertaining in style. The island doubles as a desk and tucks into an alcove for those who need a home office space. In-suite laundry and a stylishly wall papered 2 piece guest bathroom greet you upon entering. Big sliding glass patio doors open to an East facing balcony with gas hook up and custom wooden slat flooring. It over looks a charming community courtyard. Wake up to the sunrise with the floor to ceiling windows in the generously sized primary bedroom with walk in closet and 4 piece en-suite bathroom. Enjoy the 9' ceiling, air conditioning, secure Titled parking, a large storage cage, bike room and a huge variety of amenities, which add to the downtown vibe in this well managed and maintained pet friendly building. Amenities include: 24 hour concierge service, a rentable guest suite, visitor parking, yoga studio and fitness centre (on the 3rd floor), huge lounge/party room with attached kitchen, pool room, conference room, TV lounge area and an amazing roof top deck with spectacular views of the river (on the 18th floor). Located in trendy East Village - stroll to shopping, entertainment, the City centre or Stampede Park. Public transportation and river pathways are just mins away.
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:
547 sq. ft.
Condo Fee:
$546.27
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Heat, Insurance, Interior Maintenance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Security Personnel, Trash, Water
Front Exposure:
Southwest
Unit Exposure:
West
Floor Location:
Other
Entry Level:
5
Stories Total:
18
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
0
Year built:
2015 (Age: 10)
Bedrooms:
1 (Above Grd: 0)
Bedrooms Above Grade:
0
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
1512745
Heating:
Fan Coil
New Constr.:
No
Construction Material:
Concrete
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Laminate, Tile
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Parkade, Secured, Titled, Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
First
Downtown East Village
Bicycle Storage, Elevator(s), Fitness Center, Parking, Party Room, Recreation Facilities, Roof Deck, Secured Parking, Storage, Visitor Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked, Window Coverings
Barbecue, outdoor furniture
Pet Restrictions or Board approval Required, Restrictive Covenant-Building Design/Size
Restrictions
Floor
Type
Size
Other
Suite
Bedroom - Primary
11'2" × 9'5"
Suite
Kitchen With Eating Area
11'7" × 10'2"
Suite
Living Room
12'6" × 9'5"
Suite
Laundry
3'2" × 3'
Suite
Walk-In Closet
5'5" × 5'3"
Suite
Entrance
6'11" × 5'8"
Floor
Ensuite
Pieces
Other
Suite
Yes
4
4'11" x 8'7"
Suite
No
2
3' x 7'5"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Walk-In Closet(s)
Exterior Features:
Balcony, BBQ gas line, Courtyard
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-EMU
Listed Date:
Jul 12, 2025
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    View from the balcony
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    movable island/desk
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Listed by Real Estate Professionals Inc.
Data was last updated July 21, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
57
Avg list price:
$369,900
Min list price:
$194,900
Max list price:
$1,250,000
Avg days on market:
45
Min days on market:
1
Max days on market:
149
Avg price per sq.ft.:
$529.98
These statistics are generated based on the current listing's property type and located in Downtown East Village. 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.