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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508 Malvern Drive NE
Marlborough Park Calgary T2A 5J1

$579,000
Residential beds: 5 baths: 2.0 1,016 sq. ft. built: 1976

Main Photo: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 1: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 2: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 3: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 4: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 5: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 6: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 7: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 8: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 9: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 10: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 11: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 12: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
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Photo 21: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 22: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 23: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 24: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Photo 25: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
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Photo 38: 508 Malvern Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2238685
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2238685
Bedrooms:
5
Bathrooms:
2
Year Built:
1976
5 BEDS 2 BATHS | DETACHED GARAGE | LEGAL SUITE BASEMENT | SEPARATE LAUNDRY | GREAT LOCATION in Marlborough Park | Tenant occupied main floor and garage pay $1,7000 plus 60% utilities . Tenant in basement pay $1,000 plus 40% utilities , both are really good tenants. If a complete vacant possession needed, please give us 60 days from the firm deal, main floor can be vacant with shorter notice. Welcome to 508 Malvern Drive NE, a detached bungalow located in the heart of Marlborough Park, a quiet, family-friendly neighborhood known for its parks, schools, and community spirit. This home offers 5 bedrooms, 2 bathrooms, a double detached garage and large front and back yards for outdoor activities. Main Floor has a open floor plan: a cozy living room with a wood-burning fireplace, connected to the dining and kitchen. Kitchen has granite countertop, modern backsplashes, stainless steel appliances, ample cabinetry ideal for your family's needs. 3 good-sized bedrooms, one full bath, a laundry area convenient for living up renting down separately. The basement is a legal suite with everything needed for another family: separate entrance, 2 bedrooms 1 bathroom, kitchen, laundry and storage. Stepping out to enjoy a fully fenced private backyard—ideal for kids, pets, or summer entertaining. This home stands out with its double detached garage and another parking pad providing plenty of parking spaces, updated roof, and unbeatable location—just steps from schools, parks, shopping plaza, and transit. Bounded by 68 Street E, 52 Street E, Trans-Canada Highway, and Memorial Drive, offering excellent connectivity. Whether you're looking to settle down or invest, 508 Malvern Drive NE offers a fantastic opportunity in a diverse and multicultural neighborhood with strong community pride. Ready to make this house your home? Contact your realtor today to book a private showing and take the first step toward owning this fantastic property in Marlborough Park. Opportunities like this don’t last long—act now!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Suite - Legal
Home Style:
Bungalow
Total Living Area:
1,015.85 sq. ft.
Lot Area:
3,993 sq. ft.
Lot Frontage:
39'11½"
Front Exposure:
West
Levels:
One
Total Rooms Above Grade:
3
Year built:
1976 (Age: 49)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
7510603
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Laminate, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, Main Level, Multiple Locations
Marlborough Park
Dishwasher, Dryer, Electric Stove, Range Hood, Refrigerator, Washer
Shed
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
9'11" × 8'2"
Main Floor
Bedroom
11'7" × 10'6"
Main Floor
Bedroom - Primary
12'8" × 11'6"
Basement
Bedroom
12'1" × 10'6"
Basement
Bedroom
13'1" × 10'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 8'2"
Basement
No
3
9'4" x 10'11"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
Granite Counters, No Smoking Home, Pantry, Separate Entrance
Exterior Features:
Garden, Private Yard
Patio And Porch Features:
See Remarks
Lot Features:
Back Lane, Back Yard, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-CG
Listed Date:
Jul 10, 2025
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Listed by CIR Realty
Data was last updated August 4, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$452,000
Min list price:
$220,000
Max list price:
$649,900
Avg days on market:
25
Min days on market:
2
Max days on market:
67
Avg price per sq.ft.:
$409.06
These statistics are generated based on the current listing's property type and located in Marlborough Park. 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.