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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506 3316 Rideau Place SW
Rideau Park Calgary T2S 1Z4

$480,000
Residential beds: 2 baths: 2.0 1,120 sq. ft. built: 1955

South facing views from your massive balcony
Photo 1: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 2: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 3: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 4: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 5: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 6: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 7: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 8: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 9: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 10: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 11: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 12: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 13: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 14: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 15: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 16: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 17: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 18: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 19: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 20: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 21: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 22: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 23: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 24: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 25: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 26: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 27: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Photo 28: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2236794
Bedrooms:
2
Bathrooms:
2
Year Built:
1955
Presenting unit 506 in the Rutland House, part of the prestigious Rideau Towers! Located on the southeast corner of the building on the 5th floor with unobstructed views, this unit features over 1100 sq ft of living space with 2 bedrooms and 1.5 bathrooms - a very rare floor plan in these buildings. Highlighted by an enormous south facing balcony, this unit is for those who love the sunlight! A well-maintained space with an open floor plan and views both south and east towards the Stampede ground and the edge of downtown. The spacious primary bedroom, which has separation from the main living room area has a walk-in closet and a south-facing window. The additional second bedroom provides flexibility for a home office or guest room. The 4-piece bathroom has been updated with tile flooring, floor the ceiling stonework, and a vanity with lots of storage. The kitchen features stainless steel appliances and nice east facing window letting in the morning sun. Rutland House is an impeccably-maintained residence – owners enjoy use of the pool (small annual fee) as well as the party room in the lower level, along with the incredible views and ample sunlight. It is a completely smoke-free building (inside and out). Perched atop the hill in Rideau Park, safe from any flood risk, this is a perfect opportunity for someone looking to downsize out of a larger home in the community. Walk to the Glencoe Club, Mission, the Elbow River pathways, and many parks and green spaces. There is a greenspace directly outside the building, and it’s right across the street from a huge park as well as Princess Obolensky Park, with beautiful views of the Elbow River valley. Minutes from downtown and with easy access to Macleod Trail, you are nestled in a quiet, prestigious, and safe community, while being close to everything you might need. Unit has an approved window AC unit, which is rare for this building.
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:
1,119.88 sq. ft.
Main Level Finished Area:
1,119.88 sq. ft.
Condo Fee:
$1,225.62
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Residential Manager, Sewer, Snow Removal, Trash, Water
Front Exposure:
South
Unit Exposure:
South
Floor Location:
Other
Entry Level:
1
Stories Total:
7
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1955 (Age: 70)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
7510321
Heating:
Hot Water
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Ensuite:
No
Flooring:
Carpet, Tile
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Stall
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
None
Condo Fee Frequency:
Monthly
Rutland House
Rideau Park
Bicycle Storage, Coin Laundry, Elevator(s), Parking, Recreation Room
Dishwasher, Refrigerator
Oven/Stove, Microwave As-Is
Restrictive Covenant
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom
12'5" × 10'6"
Main Floor
Dining Room
17' × 11'1"
Main Floor
Kitchen
9'3" × 8'5"
Main Floor
Living Room
23'6" × 12'7"
Main Floor
Bedroom - Primary
17'2" × 11'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'8" x 6'2"
Main Floor
No
4
7'4" x 6'6"
Title to Land:
Fee Simple
Community Features:
Park, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Laminate Counters, No Animal Home, No Smoking Home, Open Floorplan, See Remarks
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-H2
Listed Date:
Jul 14, 2025
  • Photo 1: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
    South facing views from your massive balcony
  • Photo 2: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
    Prestigious Rideau Towers!
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  • Photo 14: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
    Primary Bedroom
  • Photo 15: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
    2nd Bedroom
  • Photo 16: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
    Main updatedbathroom
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  • Photo 18: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
    Additional half bathroom
  • Photo 19: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
    Massive south facing balcony
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  • Photo 22: 506 3316 Rideau Place SW in Calgary: Rideau Park Apartment for sale : MLS®# A2236794
    Pool Access in the summer!
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Listed by CIR Realty
Data was last updated August 10, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,299,999
Min list price:
$342,000
Max list price:
$3,999,900
Avg days on market:
65
Min days on market:
3
Max days on market:
137
Avg price per sq.ft.:
$589.34
These statistics are generated based on the current listing's property type and located in Rideau 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.