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
-
203 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2323728
203 1712 38 Street SE Calgary T2A 1H1 
$110,000Residential- Status:
- Active
- MLS® Num:
- A2323728
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 584 sq. ft.
**** OPEN HOUSE SATURDAY JULY 25th BETWEEN 12-2PM ****. ONLY $110,000!!! MOST AFFORDABLE CONDO IN ALL OF CALGARY, ALSO HAS ASSIGNED UNDERGROUND PARKING!!!!!! Welcome to Braebourne Manor! This bright and affordable 1-bedroom condo is a great opportunity for first-time buyers, downsizers, or investors looking for a well-located property with underground parking. Step inside to a functional layout featuring updated wood-look flooring, neutral paint tones, and a spacious living area with plenty of room to relax, dine, or entertain. The kitchen offers full-size appliances, ample cabinet storage, and a convenient pass-through opening to the main living space. The bedroom is generously sized with a large window for natural light, while the full 4-piece bathroom offers practical everyday convenience. Enjoy your own private covered balcony with a treed residential outlook, perfect for morning coffee or evening downtime. This unit also includes assigned underground parking, adding excellent value and year-round comfort. Located in the convenient community of Forest Lawn, you are close to shopping, restaurants, schools, transit, major roadways, and a quick commute to downtown Calgary. A fantastic option at an accessible price point, book your showing today! More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
417 333 Garry Crescent NE in Calgary: Greenview Apartment for sale : MLS®# A2331998
417 333 Garry Crescent NE Calgary T2K 5W9
$125,000Residential- Status:
- Active
- MLS® Num:
- A2331998
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 664 sq. ft.
Rarely do opportunities in this price point come along, especially with updates and on the Top Floor!! Welcome home to unit 417 where you'll enjoy a freshly painted home with a large south facing balcony and no neighbours above you! This unit also includes newer vinyl flooring in the living area, a newer fridge, lovely fire place , large bedroom, lots of natural sunlight. With plenty of storage and square footage you have everything you need to make this place your own. You'll also enjoy the convenience of an underground parking spot, building elevator, and a laundry room down the hall on the fourth floor with free-to-use machines (shared only with 4th floor residents). Small pets are allowed with approval (dogs under 20lbs) - see attached pet policy. 333 Garry is conveniently located close to the Calgary Airport, Deerfoot, Confederation Park (including golf course), Nose Hill and plenty of parks, amenities and pathways. More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
105 620 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2317979
105 620 15 Avenue SW Calgary T2R 0R5
$134,900Residential- Status:
- Active
- MLS® Num:
- A2317979
- Bathrooms:
- 1
- Floor Area:
- 363 sq. ft.
Welcome to Villa Royale! This corner studio apartment has a large central room with large windows to provide natural light throughout. The kitchen has plenty of cabinets and counter space plus a built-in breakfast bar. There is insuite laundry, storage areas and a 4 piece bath to complete this home. You also have an assigned parking stall just behind the building. Pets are allowed with board approval. This ground level apartment is located within a quick walk to 17th Avenue with its many restaurant and shops and you have an easy commute to downtown via transit or MacLeod Trail. This is a great opportunity for a first time buyer or investor. More detailsListed by RE/MAX Realty Professionals- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
3101 4001C 49 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2317972
3101 4001C 49 Street NW Calgary T3A 2C9
$134,900Residential- Status:
- Active
- MLS® Num:
- A2317972
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 910 sq. ft.
Hello, Gorgeous! Welcome to #3101, 4001C 49 Street NW — over 900 sq ft of beautifully maintained, single-level living in Varsity Villas, a quiet 25+ adult living community in one of northwest Calgary's most established neighbourhoods. This 2-bedroom home has been thoughtfully updated and meticulously cared for: an updated kitchen, new in-suite washer and dryer, new dishwasher, abundant storage, and a functional layout designed for easy everyday living. The spacious living room is anchored by a cozy corner gas fireplace and opens through sliding doors to a covered balcony — the perfect spot for morning coffee. The primary bedroom offers a walk-in closet, while the second works beautifully as a guest room or home office. A dedicated in-suite storage room and in-suite laundry add convenience rarely found in condo living. Elevator access and no stairs to your door. About the condo fee — because you'd rather hear it from us than wonder. It covers gas, heat, water, sewer, insurance, professional management, and a full-time on-site resident manager: nearly every cost of running your home, in one predictable monthly payment. Ideally located near Market Mall, Foothills Medical Centre, Alberta Children's Hospital, the University of Calgary, transit, parks and pathways. Move-in ready, and wonderfully easy to live in. More detailsListed by Royal LePage Benchmark- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
3111 1620 70 Street SE in Calgary: Applewood Park Apartment for sale : MLS®# A2318967
3111 1620 70 Street SE Calgary T2A 7Z3
$134,900Residential- Status:
- Active
- MLS® Num:
- A2318967
- Bathrooms:
- 1
- Floor Area:
- 412 sq. ft.
Affordable and move-in ready main floor condo offering comfortable, low-maintenance living in a convenient location. This bright unit features an open-concept layout with functional living space and low-maintenance laminate flooring throughout. The kitchen flows seamlessly into the living and dining area, creating a practical space for everyday living and entertaining. Enjoy the added convenience of in-suite laundry and a spacious ground-level patio, perfect for relaxing or summer BBQs. The unit has been professionally cleaned, making it truly move-in ready. The building offers excellent value with all utilities included in the condo fees and a secure environment with monitored security cameras. A dedicated surface parking stall with electrical outlet is included, along with plenty of visitor parking for guests. Pet lovers will appreciate that small dogs are permitted with board approval (maximum two pets per unit). Ideally located just off Stoney Trail, this home provides quick access to transit, including the MAX Purple BRT line with direct access to downtown. You’re minutes from East Hills Shopping Centre, featuring Costco, Walmart, Cineplex, and numerous restaurants and services, as well as the Peter Lougheed Hospital. For everyday convenience, Tim Hortons is just a short walk away. Outdoor enthusiasts will enjoy being close to the Rotary/Mattamy Greenway and Elliston Park, home to Calgary’s annual GlobalFest fireworks festival. With its affordable price, low-maintenance lifestyle, and unbeatable access to shopping, transit, and amenities, this property is ideal for first-time buyers, down-sizers, or investors looking for a solid opportunity. *Some photos have been virtually staged. More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
4 605 67 Avenue SW in Calgary: Kingsland Apartment for sale : MLS®# A2316843
4 605 67 Avenue SW Calgary T2V 0M3
$135,000Residential- Status:
- Active
- MLS® Num:
- A2316843
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 501 sq. ft.
Welcome to this wonderful 1-bedroom, 1-bathroom condo located in the desirable community of Kingsland. Situated on the second floor with a bright west-facing exposure, this home offers both comfort and convenience. The kitchen is well appointed with dark cabinetry, granite countertops, stainless steel appliances, and an over-the-range microwave. The spacious living area provides plenty of room to relax or entertain, with space for a small dining table. The bathroom continues the upscale feel with granite counters and modern, neutral finishes. You’ll also appreciate the convenience of a full-size stackable washer and dryer in-suite. Parking stalls are located at the rear of the building. If needed, there is ample street parking available along 67th Avenue. Don’t miss out—call today to book your private viewing! More detailsListed by Century 21 Bamber Realty LTD.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2320342
209 1712 38 Street SE Calgary T2A 1H1
$138,000Residential- Status:
- Active
- MLS® Num:
- A2320342
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 749 sq. ft.
2 bedrooms, on second floor, open living room with patio door to balcony , locate block away from 17 Av SE. More detailsListed by Grand Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
512 110 2 Avenue SE Calgary T2G 0B3
$138,800Residential- Status:
- Active
- MLS® Num:
- A2297584
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 494 sq. ft.
Welcome to this top floor Broadview Garden 1 bedroom apartment unit sold at $138,800 excluding underground parking stall (to be purchased separately at additional cost of $38,000), located in the heart of Calgary's Chinatown. Total condo fee is $611, $535 for the unit and $76 for the parking stall. This top floor unit features newer vinyl plank flooring and paint throughout (both updated in 2024), offering an inviting Bow River view. It has a great open floorplan with spacious living room. One of the standout features is the stunning open view of the historic Lions on Centre Street bridge crossing the Bow River leading up to Crescent Heights so enjoyable to your daily living. Monthly condo fee include electricity, heat and water. Walking distance to public transportation. Easily accessible to vibrant shopping, restaurants, and all other amenities the downtown has to offer. Don't miss the opportunity to own this unit with its combination of upgrades and beautiful views. The recently announced special assessment responsible to pay by the seller will bring refurbishment to the building towards a more contemporary standard. Current tenancy agreements expire June 30, 2026 and will turn to month-to-month lease starting on July 1, 2026. Tenants' right apply. This property is not CMHC approved, mortgage may not be approved by primary lenders. More detailsListed by Realty Link- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
207 1605 16 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2323311
207 1605 16 Avenue SW Calgary T3C 1A2
$140,000Residential- Status:
- Active
- MLS® Num:
- A2323311
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 548 sq. ft.
Attention Investors & First-Time Home Buyers! Welcome to this charming ground-floor unit located in the vibrant community of Sunalta, just steps from 17th Avenue. Enjoy the convenience of downtown living with shops, restaurants, and transit right at your doorstep. This 1-bedroom home offers a spacious living area with a cozy wood-burning fireplace, a well-appointed kitchen, a 3-piece bathroom, and a large private deck—perfect for relaxing or entertaining. Whether you're looking to invest or get into the market with your first home, this unit checks all the boxes. Don't miss this opportunity—book your private showing today! More detailsListed by Prep Realty Inc.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
1303 73 Erin Woods Court SE in Calgary: Erin Woods Apartment for sale : MLS®# A2304313
1303 73 Erin Woods Court SE Calgary T2B 3V2
$141,000Residential- Status:
- Active
- MLS® Num:
- A2304313
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 557 sq. ft.
Welcome to a unique opportunity in the quiet, family friendly neighbourhood of Erin Woods. This main floor property is a COURT ORDERED SALE and presents a unit with solid potential, ideal for buyers with vision. With some care and creativity, this property could be beautifully transformed, making it a wonderful investment for those eager to bring new life to a well situated residence with effortless access to downtown Calgary and all major routes including Deerfoot, Stoney, Glenmore and Peigan Trail. More detailsListed by Sotheby's International Realty Canada- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
4310 1620 70 Street SE in Calgary: Applewood Park Apartment for sale : MLS®# A2321775
4310 1620 70 Street SE Calgary T2A 7Z2
$143,333Residential- Status:
- Active
- MLS® Num:
- A2321775
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 258 sq. ft.
LOW AFFORDABLE CONDO FEES!! $200.80 per month and include ALL UTILITIES making this an EXCEPTIONAL VALUE. A quiet studio/bachelor apartment, perfect opportunity for first-time home buyers, downsizers, or investors looking to own in the established community of Applewood. The well-designed layout features an open kitchen with ample cabinet space, an over-the-range microwave, in-suite laundry hook up, and a full 4-piece bathroom. Large sliding patio doors flood the space with natural light and lead to a private, covered southeast-facing balcony overlooking a beautiful green space, providing a peaceful setting to relax and unwind. Enjoy the convenience of an assigned parking stall located just steps from the building entrance, along with the peace of mind of a secure building equipped with monitored security cameras. Even better, Ideally located within walking distance to Elliston Park, public transit including the MAX Purple line, and Peter Lougheed Centre. You’ll also appreciate the quick access to Stoney Trail and the nearby amenities of East Hills Shopping Centre, including Costco, Walmart, Cineplex, restaurants, and more. Affordable ownership, low monthly costs, and a fantastic location—don’t miss your chance to view this great property today! More detailsListed by 2% Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
325 5000 Somervale Court SW in Calgary: Somerset Apartment for sale : MLS®# A2319845
325 5000 Somervale Court SW Calgary T2Y 4M1
$145,000Residential- Status:
- Active
- MLS® Num:
- A2319845
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 346 sq. ft.
Welcome to Legacy Estates Somerset, where downsizing means gaining more freedom, more convenience, and more community. This bright and thoughtfully designed bachelor-style suite offers an efficient layout with a surprisingly spacious sleeping area, room for your wardrobe, and a private balcony to enjoy your morning coffee or evening sunset. Large windows along the back wall fill the home with natural light, creating an open and inviting atmosphere. Recent updates provide peace of mind, including a brand-new refrigerator, portable dishwasher, and European-style washer/dryer, while the existing hood fan above the microwave adds extra functionality to the kitchen space. One of the biggest advantages of this home is the incredibly affordable condo fees, which include all utilities. Simply pay for your own internet and cable and enjoy worry-free living with predictable monthly expenses. At Legacy Estates Somerset, your living space extends far beyond your front door. This vibrant 55+ community offers an exceptional collection of amenities designed to support an active, social, and independent lifestyle. Host family and friends in the guest suite, enjoy gatherings in the Great Room and outdoor patio with BBQ area, stay active in the fitness room, challenge friends in the games room, relax with a book from the library, explore hobbies in the craft room, or take advantage of the on-site hair and nail services. Additional resident spaces include a wellness lounge, board room, and convenient laundry facilities. Whether you're looking to simplify, travel more, or spend less time maintaining a larger home, this is an opportunity to embrace a lock-and-leave lifestyle without sacrificing comfort or connection. Located just minutes from the Somerset-Bridlewood CTrain Station, you'll have easy access to shopping, restaurants, grocery stores, medical services, and everyday essentials. This is more than a home — it's a community where you can enjoy your independence while staying connected, with plenty of space for children and grandchildren to visit, gather, and create memories. More detailsListed by The Real Estate District- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
Data was last updated August 1, 2026 at 08:05 PM (UTC)
Connect with Calgary & Area Real Estate Expert Diane Richardson - Fill Out Our Home Finder Form Today for Personalized Service.
-
Personalized guidance from Diane RIchardson realtor, who understand the Calgary market and can help you make informed decisions.
-
Access to the latest real estate listings and market trends in Calgary, allowing you to stay up-to-date on the best opportunities.
-
Professional and attentive service.
-
An easy-to-use form that can help you quickly connect with Diane RIchardson and get started on your real estate journey.
-
Tailored support that meets your unique needs and preferences, whether you're a first-time buyer or looking to upgrade your living situation.
