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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  • 507 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2079549

    507 108 3 Avenue SW Chinatown Calgary T2P 0E7
    Main Photo: 507 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2079549
    $129,000
    Residential
    Status:
    Active
    MLS® Num:
    A2079549
    Bathrooms:
    1
    Floor Area:
    362 sq. ft.
    Welcome to unit #507, 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 4 piece bath and a large storage room. 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 CENTURY 21 ELEVATE REAL ESTATE
    DIANE RICHARDSON
  • 605 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2081747

    605 116 3 Avenue SE Chinatown Calgary T2G 5A9
    Main Photo: 605 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2081747
    $129,000
    Residential
    Status:
    Active
    MLS® Num:
    A2081747
    Bathrooms:
    1
    Floor Area:
    355 sq. ft.
    Good investment opportunities for this studio apartment unit with river view located in the heart of Downtown, The condo fee includes all utilities (heat, water, electricity). It is closed to all amenities. Perfect for first-time home buyers, Young professionals. More details
    Listed by GRAND REALTY
    DIANE RICHARDSON
  • 1353 5200 44 Avenue NE in Calgary: Whitehorn Apartment for sale : MLS®# A2075065

    1353 5200 44 Avenue NE Whitehorn Calgary T1Y 7L4
    Main Photo: 1353 5200 44 Avenue NE in Calgary: Whitehorn Apartment for sale : MLS®# A2075065
    $141,900
    Residential
    Status:
    Active
    MLS® Num:
    A2075065
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    309 sq. ft.
    Exceptional investment opportunity in this lovely suite located in Whitehorn Village seniors assisted living facility with on site management and nursing. This is a truly worry free, no hassle investment. Amenities include: dining with 3 meals a day, theatre, craft room & lounge/pub. Warm & caring staff, pleasant and friendly living environment. Fabulous investment opportunity. Professional onsite management by Origin Active Lifestyle Communities. Project photos only! More details
    Listed by RE/MAX LANDAN REAL ESTATE
    DIANE RICHARDSON
  • 102 4512 75 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2083587

    102 4512 75 Street NW Bowness Calgary T3B 2M9
    Main Photo: 102 4512 75 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2083587
    $143,900
    Residential
    Status:
    Active
    MLS® Num:
    A2083587
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    504 sq. ft.
    This 1 bedroom LOWER LEVEL unit is very well kept and has been meticulously maintained by the owner and tenant. FURNISHED UNIT. It uniquely faces Canada Olympic Park - stunning views from the front of the building of the 1988 winter Olympic site and present ski hill. Retain an excellent tenant at a fixed monthly rate of $1250 till the end of the lease (May 31st, 2024). Tenant pays their own electricity bill. 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 West facing the street of a 3-floor complex. White cabinets with plenty of sun coming in from the south/west. This unit has 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. Front units do not come up very often in the complex so don't delay! Excellent management company. Excellent revenue property. Property Management company can be assumed for the remainder of the lease. 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
  • 203 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2060101

    203 1820 9 Street SW Lower Mount Royal Calgary T2T 3C3
    Main Photo: 203 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2060101
    $149,000
    Residential
    Status:
    Active
    MLS® Num:
    A2060101
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    475 sq. ft.
    Fantastic location, close to Downtown and one block away to trendy 17 Ave, 20 minutes walking to Downtown core, 6 minutes walks to Western Canada High School. whole building was renovated in 2016 with vinyl flooring, white cabinet, granite counter top, windows and balcony. Small size dishwasher. One assigned parking stall. Great layout fits a single or couple. More details
    Listed by FIRST PLACE REALTY
    DIANE RICHARDSON
  • 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2060763

    303 1820 9 Street SW Lower Mount Royal Calgary T2T 3C3
    Main Photo: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2060763
    $149,000
    Residential
    Status:
    Active
    MLS® Num:
    A2060763
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    475 sq. ft.
    This apartment is on the top floor. Fantastic location, close to Downtown and one block away to trendy 17 Ave, 20 minutes walking to Downtown core, 6 minutes walks to Western Canada High School. whole building was renovated in 2016 with vinyl flooring, white cabinet, granite counter top, windows and balcony. Stainless steel appliance, Small size dishwasher. One assigned parking stall. Great layout fits a single or couple, or rented out with great rent. More details
    Listed by FIRST PLACE REALTY
    DIANE RICHARDSON
  • 304 1820 9 Street in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2060820

    304 1820 9 Street Lower Mount Royal Calgary T2T 3C3
    Main Photo: 304 1820 9 Street in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2060820
    $149,000
    Residential
    Status:
    Active
    MLS® Num:
    A2060820
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    475 sq. ft.
    Fantastic location, top floor, close to Downtown and one block away to trendy 17 Ave, 20 minutes walking to Downtown core, 6 minutes walks to Western Canada High School. whole building was renovated in 2016 with vinyl flooring, white cabinet, granite counter top, windows and balcony. Small size dishwasher. One assigned parking stall. Great layout fits a single or couple. The possession date can be on Aug 29. More details
    Listed by FIRST PLACE REALTY
    DIANE RICHARDSON
  • 306 1820 9 in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2060867

    306 1820 9 Lower Mount Royal Calgary T2T 3C3
    Main Photo: 306 1820 9 in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2060867
    $149,000
    Residential
    Status:
    Active
    MLS® Num:
    A2060867
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    471 sq. ft.
    Fantastic location, top floor, close to Downtown and one block away to trendy 17 Ave, 20 minutes walking to Downtown core, 6 minutes walks to Western Canada High School. whole building was renovated in 2016 with vinyl flooring, white cabinet, granite counter top, windows and balcony. Even plumbing pipes and electrical wires has been replaced, newer interior walls. Stainless steel appliances with Small size dishwasher. One assigned parking stall. Great layout fits a single or couple. More details
    Listed by FIRST PLACE REALTY
    DIANE RICHARDSON
  • 907 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2075523

    907 116 3 Avenue SE Chinatown Calgary T2G 5A9
    Main Photo: 907 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2075523
    $149,900
    Residential
    Status:
    Pending
    MLS® Num:
    A2075523
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    666 sq. ft.
    Welcome to Sunrise Apartments, situated in the vibrant heart of Calgary's Chinatown! This charming condo is perfect for first time home buyers, older independent dwellers, or savvy investors seeking a prime location. This unit boasts 2 bedrooms and 1 bathroom, providing a comfortable living space. With over 650+ sq. ft., there's plenty of room to arrange and decorate as you desire. Enjoy abundant natural light and stunning city views from the south-facing balcony – a private retreat for relaxation or hosting guests. The functional kitchen and dining area are well-suited for preparing meals and enjoying them in comfort. Experience the convenience of independent downtown living, where everything you need is within reach, from dining and shopping to entertainment. Become part of a thriving community rich in culture and history, and take advantage of nearby river walks for outdoor leisure. Immerse yourself in Chinese culture with the nearby Chinese Cultural Center, and savour some of the city's best dim sum right around the corner. Excellent transit connectivity ensures easy exploration of Calgary and beyond. Whether you're starting a new chapter, seeking an independent lifestyle, or making a savvy investment, Sunrise Apartments offers an exceptional opportunity to reside in the heart of Calgary's Chinatown. Don't miss out – schedule a viewing today to make this condo your new home or investment! More details
    Listed by REAL BROKER
    DIANE RICHARDSON
  • 329 1717 60 Street SE in Calgary: Red Carpet Apartment for sale : MLS®# A2054634

    329 1717 60 Street SE Red Carpet Calgary T2A 7Y7
    Main Photo: 329 1717 60 Street SE in Calgary: Red Carpet Apartment for sale : MLS®# A2054634
    $149,900
    Residential
    Status:
    Active
    MLS® Num:
    A2054634
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    393 sq. ft.
    **PRICE REDUCED** Cozy, comfortable and contemporary at one of the best prices in all of Calgary. Perfect for the first time buyer or investor. You'll love the dark gray bamboo style vinyl plank flooring throughout. This condo features stainless steel appliances including the built in dishwasher. The in-suite laundry is super convenient and you'll love the spacious balcony. Condo fees are low and even include all three utilities! Absolutely move in ready and a quick possession is available. Terrific value for a terrific home! More details
    Listed by Royal LePage Metro
    DIANE RICHARDSON
  • 101B 7301 4A Street SW in Calgary: Kingsland Apartment for sale : MLS®# A2078489

    101B 7301 4A Street SW Kingsland Calgary T2V 4V8
    Main Photo: 101B 7301 4A Street SW in Calgary: Kingsland Apartment for sale : MLS®# A2078489
    $154,900
    Residential
    Status:
    Active
    MLS® Num:
    A2078489
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    651 sq. ft.
    Amazing value for first-time home owners, young professionals or investors. This 1 bedroom unit in the heart of Kingsland will not disappoint. Open-concept living and dining area, fully equipped kitchen and natural light throughout. Ideally located within walking distance to shops, restaurants and Chinook Centre. Easy access to public transportation and major highways for a stress-free commute. For investors, you have the option to join the rental pool or self manage. There is currently no vacancy in this complex. More details
    Listed by RE/MAX FIRST
    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
    $155,000
    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
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Data was last updated September 28, 2023 at 08:05 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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