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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Main Photo: 4220 Elbow Drive SW in Calgary: Elboya Residential Land for sale : MLS®# A2227299
Photo 1: 4220 Elbow Drive SW in Calgary: Elboya Residential Land for sale : MLS®# A2227299
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Status:
Active
Prop. Type:
Land
MLS® Num:
A2227299
**Extraordinary Location! A Rare Opportunity** Build your dream home on this private and secluded 10,053 sq. ft. end lot, perched on the ridge of the Landsdowne escarpment in Elboya, one of Calgary’s most desirable inner-city communities. This premium lot offers unobstructed views of the city skyline, surrounded by mature trees for privacy. An approved development permit for a 4,160 sq. ft. luxury residence is included, saving you time and money allowing you the potential to start building right away. The north-facing home is designed to capture incredible views while bordering a city park. It features four bedrooms on the top floor and a Nanny/Mother-In-Law Suite on the main floor. The home boasts cathedral ceilings in the entrance, formal dining room, loft, and primary bedroom, a butler’s pantry, and laundry facilities on both the main floor and primary ensuite. The 4-car garage has high ceilings for a golf simulator, and the expansive basement includes a studio/workshop with a separate heating system. The basement also offers a theatre room, entertainment space, bar, wine room, wet/dry sauna, exercise room, and two additional bedrooms. Outdoor living is highlighted by a covered 6-foot wrap-around deck and a 20x20 raised deck with stunning city views. Access is via a paved back lane next to walking trails and an off-leash dog park. Minutes from downtown, the Elbow River pathways, Stanley Park, top schools, shopping, and recreational facilities like the Glencoe Club and Calgary Golf and Country Club, this location is perfect for luxury living. With Enmax hook-up proposals ready for approval and all Building Permit drawings prepared, this home is designed for energy efficiency with double 2x4 wall construction. Don’t miss out on this incredible opportunity—contact us today for more information!
Property Type:
Land
Property Sub Type:
Residential Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Lot Area:
933 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Plan:
5540JK
Ensuite:
No
Garage:
No
Elboya
NA
Easement Registered On Title, Restrictive Covenant
Title to Land:
Fee Simple
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Jun 03, 2025
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Listed by Seller Direct Real Estate
Data was last updated September 29, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
87
Avg list price:
$1,334,500
Min list price:
$399,000
Max list price:
$22,200,000
Avg days on market:
112
Min days on market:
2
Max days on market:
2,981
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.