What Can You Buy for $500,000 When Buying a Home in Calgary?

Calgary Homes for Sale: Discovering Your Options Under $500,000

Looking for a home in Calgary but not sure what you can get for your budget of $500,000?  In Calgary's real estate market, $500,000 can get you a range of housing options, from single-family homes to brand new builds, townhouses, and condos.

With $500,000, you may find a decent single-family home with two to three bedrooms, two to three bathrooms, a finished basement, and a garage. if you're looking for a brand new home, you can find newly constructed single-family homes in neighborhoods like Mahogany, Cranston, and Evanston. These homes come with modern finishes and features and may offer two to three bedrooms, two to three bathrooms, and a garage.

For those who prefer a low-maintenance lifestyle, townhouses with two to three bedrooms, two to three bathrooms, and a garage.  If you're looking for a more affordable option or a downtown location, a condo may be the way to go. For $500,000, you can find a two-bedroom, two-bathroom condo with underground parking in Calgary's downtown core. Some of these condos may offer stunning views of the city skyline or the Bow River.

Keep in mind that the location, size, and condition of the property can affect the price of the home. The examples we've provided are just a rough estimate of what you can expect in Calgary's real estate market for $500,000. 
When you notice anything that sparks your curiosity and you're ready for a deeper look, kindly email, text, or get in touch with me. You are welcome to schedule a private viewing at any time.
Make a call to Diane Richardson at 403.397.3706

Calgary Living: Affordable Housing Solutions Under $500,000

Calgary Real Estate Listings under $500,000 ,Calgary real estate under $500,000

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  • 504 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2098230

    504 108 3 Avenue SW Chinatown Calgary T2P 0E7
    Main Photo: 504 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2098230
    $122,888
    Residential
    Status:
    Active
    MLS® Num:
    A2098230
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    365 sq. ft.
    Welcome to the heart of Chinatown Five Harvest Plaza Unit 504. Affordable studio condo offers City view from it's south balcony. The living area has tall windows that allow plenty of natural light to flood the space. Step away from some of Calgary best restaurants, shops, banks and is conveniently located near public transit, making it easy to get around the city. Low condo fees cover all your utilities including electricity, heating and water. If you are looking for an affordable urban living experience, then this suite is the perfect place for you. At this moment it is tenant occluded if for investment can consider to absorb the tenant then would have immediately rental revenue. Don't miss this opportunity to make this affordable apartment your new home or being another investment rental property. More details
    Listed by Condo Base
    DIANE RICHARDSON
  • 306B 108 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2090366

    306B 108 3 Avenue SW Downtown Commercial Core Calgary T3A 5S6
    Main Photo: 306B 108 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2090366
    $138,800
    Residential
    Status:
    Active
    MLS® Num:
    A2090366
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    343 sq. ft.
    Perfect for first time buyers and investors. Welcome to unit #306B, 108 3 Ave SW! Located in 5 Harvest Plaza, in the heart of Chinatown. Cozy and affordable studio condo offers views from its north balcony. The living area has tall windows that allow plenty of natural light to flood the space. Bright kitchen with plenty of cabinet space and tile flooring. In addition a 3 piece bathroom with stand up shower. Unbeatable location. No more long commutes, walk to work. You're steps away from some of Calgary's best restaurants, shops and is conveniently located near public transit, making it easy to get around the city! Low condo fees covers all your utilities including electricity!!! If you're looking for an affordable urban living experience, then this unit is the perfect place for you. Don't miss this opportunity to make this cozy and affordable apartment your new home! More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 201 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2081466

    201 110 2 Avenue SE Chinatown Calgary T2G 0B3
    Main Photo: 201 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2081466
    $140,000
    Residential
    Status:
    Active
    MLS® Num:
    A2081466
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    590 sq. ft.
    Location means all. Located in Chinatown, this 1 bedroom unit fits all bachelor for a location convenience living. Featuring brand-new laminate flooring, a kitchen with Refrigerator, Stove-Electric & Hood Fan, a 3 pcs bathroom, a bedroom with a large closet up to 33 sq.ft and In-suite Laundry allows a independent living style. Recreation room and Exercise room with exercise facilities available. Close to downtown office, restaurant, shopping centers, transit. Book your show time today. More details
    Listed by First Place Realty
    DIANE RICHARDSON
  • 105 4512 75 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2105310

    105 4512 75 Street NW Bowness Calgary T3B 2M9
    Main Photo: 105 4512 75 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2105310
    $142,900
    Residential
    Status:
    Active
    MLS® Num:
    A2105310
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    506 sq. ft.
    This 1 bedroom LOWER LEVEL unit is very well kept and has been meticulously maintained by the owner and tenant. Stunning views from the front of the building of the 1988 winter Olympic site and present ski hill. All utilities are included in condo fee except phone & internet (water, gas, sewer, electricity). Possession of this unit is only possible with the assumption of the present lease. Rental amounts are excellent in the building so please inquire with the listing relator. South facing of a 3-floor complex. Coin laundry on the same floor. Laminate flooring throughout the unit. 3 minute walk to a major bus route downtown, 10 minute drive to the university, 3 minute drive to Bowness Park for picnics, walking in the bow river or skating on the lagoon in the wintertime. Excellent condo management company. Excellent revenue property. Property Management company can be assumed for the remainder of the lease (optional). Condo fee's are reasonable. No Assigned parking stall but lots of street parking that does not have parking restrictions. Small/Medium pet is welcomed with condo board approval. Hardly any units under $170,000 in the NW for sale so please don’t delay on this once in a life-time opportunity. Call your realtor for a showing. Seller/owner of this unit is a licensed realtor. More details
    Listed by Real Estate Professionals Inc.
    DIANE RICHARDSON
  • 11336 88 Street SE in Calgary: Shepard Industrial Residential Land for sale : MLS®# A2096207

    11336 88 Street SE Shepard Industrial Calgary T3S 0A4
    Main Photo: 11336 88 Street SE in Calgary: Shepard Industrial Residential Land for sale : MLS®# A2096207
    $165,000
    Land
    Status:
    Active
    MLS® Num:
    A2096207
    Now is your chance to invest in the future! More space & freedom to utilize your property to its fullest, with no building commitment. Located in the peaceful community of Shepard, Lot dimensions are 50' x 125'. The Neighbouring lot 11342 88 ST SE can be sold as a package which make it 100' x 125' parcelled lot has enough room to build a main house w/attached multi garage, separate shop & store all your toys for work & play. Water well located on lot 11342. Walking distance to the new Shepard Community Hall, playground and church, or a short 8 minute drive to the shops at 130th. More details
    Listed by Real Broker
    DIANE RICHARDSON
  • 306A 108 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2090570

    306A 108 3 Avenue SW Downtown Commercial Core Calgary T3A 5S6
    Main Photo: 306A 108 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2090570
    $168,800
    Residential
    Status:
    Active
    MLS® Num:
    A2090570
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    374 sq. ft.
    Perfect for first time buyers and investors. Welcome to unit #306A, 108 3 Ave SW! Located in 5 Harvest Plaza, in the heart of Chinatown. Cozy and affordable 2 bedroom condo offers views from its north balcony. The living area has tall windows that allow plenty of natural light to flood the space. Bright kitchen with new appliances and plenty of cabinet space and tile flooring. In addition a 4 piece bathroom. Unbeatable location. No more long commutes, walk to work. You're steps away from some of Calgary's best restaurants, shops and is conveniently located near public transit, making it easy to get around the city! Low condo fees covers all your utilities including electricity!!! If you're looking for an affordable urban living experience, then this unit is the perfect place for you. Don't miss this opportunity to make this cozy and affordable apartment your new home! More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 203B 7301 4A Street SW in Calgary: Kingsland Apartment for sale : MLS®# A2106207

    203B 7301 4A Street SW Kingsland Calgary T2V 4V8
    Main Photo: 203B 7301 4A Street SW in Calgary: Kingsland Apartment for sale : MLS®# A2106207
    $169,900
    Residential
    Status:
    Active
    MLS® Num:
    A2106207
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    719 sq. ft.
    Welcome home to this clean and spacious unit, which offers a good size living room with a wood burning fireplace, a dining room, good size kitchen, in suite laundry hook ups as well as a storage area, a good size bedroom. Excellent convenient location, close to retails, public transportation options with bus stops and the Chinook LRT Station conveniently connecting you to major aspects of the city. Park your vehicle in your own private assigned parking stall. Plenty of off street parking for your visitors. A wonderful opportunity for first time home, young professionals, investors,.........!Additionally, you will find a storage unit off the balcony. More details
    Listed by Royal LePage Benchmark
    DIANE RICHARDSON
  • 1008 221 6 Avenue SE in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2109211

    1008 221 6 Avenue SE Downtown Commercial Core Calgary T2G 4Z9
    Main Photo: 1008 221 6 Avenue SE in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2109211
    $174,900
    Residential
    Status:
    Active
    MLS® Num:
    A2109211
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    508 sq. ft.
    This bright and spacious inner city 10th floor Scandinavian-style studio apartment has lots of storage and a beautiful aesthetic. The unit boasts tall ceilings and a wall of floor to ceiling windows which feature quality room darkening window treatments, and an extra-large 15 x 8-foot balcony. Additional enhancements include luxury vinyl plank flooring, fresh paint throughout, white cabinets, quartz counters, and custom closets with built-in drawers, including a spacious walk-in closet. The building offers a common laundry room on every floor and the condo fees of $404.33 includes heat, water and sewer. The location is superb with unmatched walkability, just steps away from the CTrain station within the free fair zone, shopping, many pubs and eateries, theatres and the river pathways. An easy walk to Olympic Plaza, City Hall, Bow Valley College, Prince’s Island, the Calgary Public Library, Studio Bell, Theatre Calgary... the list goes on! And there's PLUS-15 access, so you don't need to go outside on those cold winter days! This is a well-run complex with on-site management and evening security. As a resident of this building, you’ll also have access to a fitness room, sauna, squash/basketball court and a large 4th floor patio which is a great spot for relaxing, socializing and for viewing the Stampede Parade and fireworks. The Rocky Mountain Court Social Club meets monthly in the lobby of the building. This beautiful studio unit is a perfect opportunity for an investor or a first-time buyer looking to be in the heart of downtown Calgary at an affordable price point. Don't miss your chance to check this one out! More details
    Listed by Royal LePage Solutions
    DIANE RICHARDSON
  • 304 1113 37 Street SW in Calgary: Rosscarrock Apartment for sale : MLS®# A2107936

    304 1113 37 Street SW Rosscarrock Calgary T3C 1S5
    Main Photo: 304 1113 37 Street SW in Calgary: Rosscarrock Apartment for sale : MLS®# A2107936
    $179,000
    Residential
    Status:
    Active
    MLS® Num:
    A2107936
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    689 sq. ft.
    Young professionals, students, commuters and investors are going to love this spacious unit. Ideally located across from Westbrook Mall and the LRT Station. Just steps from 17th Ave and only 10 minutes to downtown or MRU. Updated flooring throughout and loads of natural light come together to create a welcoming retreat. Soak up the sunshine on the large balcony and enjoy summer barbeques, time spent unwinding and people watching on this great outdoor space. The living and dining rooms are open to each other perfect for entertaining. A well laid out kitchen, a large bedroom, a 4 piece bathroom and in-suite storage add to your comfort. This unbelievable location sells itself – close to absolutely everything! Come see for yourself! More details
    Listed by Century 21 Bamber Realty LTD.
    DIANE RICHARDSON
  • 223 333 Garry Crescent NE in Calgary: Greenview Apartment for sale : MLS®# A2108763

    223 333 Garry Crescent NE Greenview Calgary T2K 5W9
    Main Photo: 223 333 Garry Crescent NE in Calgary: Greenview Apartment for sale : MLS®# A2108763
    $184,900
    Residential
    Status:
    Active
    MLS® Num:
    A2108763
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    943 sq. ft.
    Spacious 2-bedroom Unit with UNDERGROUND PARKING STALL. Open Concept through out. Kitchen with Lots Cabinets and Plenty of Counter Space. Large living room Features a Wood-Burning Fireplace. Sliding Patio Door off the Living Room to an Ample balcony Overlooking the street perfect for BBQing. Spacious Master Bedroom and a Second Bedroom with Lots of Closet space. INVESTOR and FIRST-TIME BUYER alert! PRIME LOCATION! Close to Edmonton/Deerfoot/Airport Trail, HWY 1, Transit, Cross Iron Mills, Market Mall, University of Calgary, Foothills & Peter Lough-heed Hospitals & minutes to Downtown core. A must see! More details
    Listed by MaxWell Capital Realty
    DIANE RICHARDSON
  • 104 340 4 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2085323

    104 340 4 Avenue NE Crescent Heights Calgary T2E 0J3
    Main Photo: 104 340 4 Avenue NE in Calgary: Crescent Heights Apartment for sale : MLS®# A2085323
    $185,500
    Residential
    Status:
    Active
    MLS® Num:
    A2085323
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    482 sq. ft.
    Location, location, location. Walk to downtown, Zoo LRT, trendy shops and restaurants in Bridgeland and Crescent Heights. This is located on a quiet, level, tree lined street with no steep hills and is not a through road to Center Street or Edmonton Trail. This is really priced well considering you don't have to do a thing, just move in. Quiet concrete building, well maintained, low condo fees, great value. More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 102 2111 14 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2106491

    102 2111 14 Street SW Bankview Calgary T2T 3T2
    Main Photo: 102 2111 14 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2106491
    $188,000
    Residential
    Status:
    Active
    MLS® Num:
    A2106491
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    703 sq. ft.
    Why pay rent if you can own it your property!!! Excellent location for this spacious 2 bedrooms apartment. It is situated across from Mount Royal Junior High School and walking distance to Western Canada Senior High School. Close to public transportation, bow river paths and trendy 17 Ave SW. The current lease ends on or by 31 March 2024 More details
    Listed by Grand Realty
    DIANE RICHARDSON
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Data was last updated February 28, 2024 at 04:05 AM (UTC)

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Contact information #130, 703 - 64th Ave. S.E., Calgary, AB, T2H 2C3 Cell: 403-397-3706diane@mypadcalgary.com

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