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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1201 53B Street SE
Penbrooke Meadows Calgary T2A 1W1

$285,000
Residential beds: 3 baths: 2.0 486 sq. ft. built: 1971

Main Photo: 1201 53B Street SE in Calgary: Penbrooke Meadows Row/Townhouse for sale : MLS®# A2257682
Photo 1: 1201 53B Street SE in Calgary: Penbrooke Meadows Row/Townhouse for sale : MLS®# A2257682
Photo 2: 1201 53B Street SE in Calgary: Penbrooke Meadows Row/Townhouse for sale : MLS®# A2257682
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Photo 40: 1201 53B Street SE in Calgary: Penbrooke Meadows Row/Townhouse for sale : MLS®# A2257682
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2257682
Bedrooms:
3
Bathrooms:
2
Year Built:
1971
Affordable Bi-Level Gem in Penbrooke Meadows – No Condo Fees! Welcome to 1201 53B Street SE, Calgary AB, a charming bi-level home nestled on a sunny corner lot in the heart of Penbrooke Meadows. This property offers exceptional value with no condo fees, making it perfect for first-time buyers, families, or savvy investors.Step into a bright and inviting living room featuring a large window that fills the space with natural light. The main floor boasts recently updated laminate flooring, a spacious dining area that flows seamlessly onto a generous deck—ideal for summer BBQs and entertaining. With 3 bedrooms and 1.5 baths, this home offers comfort and flexibility. The lower level includes two good bedrooms, a modern 4-piece bathroom, and convenient basement laundry. Enjoy ample parking with space for two vehicles right out front, and take advantage of the unbeatable location—close to schools, shopping, hospitals, restaurants, and LRT/transit access. Don’t miss your chance to own this fabulous home in a well-established community. Book your showing today!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
No
Home Style:
Bi-Level
Total Living Area:
485.5 sq. ft.
Main Level Finished Area:
485.5 sq. ft.
Upper Level Finished Area:
485.5 sq. ft.
Below Grade Finished Area:
408.6 sq. ft.
Acreage:
No
Lot Area:
2,765 sq. ft.
Lot Frontage:
32'5¾"
Front Exposure:
East
Entry Level:
1
Levels:
Bi-Level
End Unit:
1 Common Wall
Total Rooms Above Grade:
3
Year built:
1971 (Age: 54)
Bedrooms:
3 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
7739JK
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Off Street
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Penbrooke Meadows
Electric Stove, Refrigerator, Washer/Dryer
None
Restrictive Covenant
Floor
Type
Size
Other
Main Floor
Entrance
6'3" × 3'6"
Main Floor
Living Room
13'11" × 9'11"
Main Floor
Bedroom
10'3" × 8'3"
Main Floor
Kitchen With Eating Area
10'8" × 9'4"
Lower Level
Laundry
7'10" × 6'
Lower Level
Bedroom
10'5" × 7'8"
Lower Level
Bedroom - Primary
11'2" × 10'5"
Lower Level
Furnace/Utility Room
7'5" × 4'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 3'11"
Lower Level
No
4
4'11" x 7'8"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Laminate Counters
Exterior Features:
Private Entrance, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Corner Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone E
Zoning:
M-C1
Listed Date:
Sep 27, 2025
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Listed by Real Estate Professionals Inc.
Data was last updated September 29, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$475,000
Min list price:
$220,000
Max list price:
$629,900
Avg days on market:
38
Min days on market:
1
Max days on market:
128
Avg price per sq.ft.:
$465.28
These statistics are generated based on the current listing's property type and located in Penbrooke Meadows. 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.