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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706 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2354132
706 108 3 Avenue SW Calgary T2P 0E7 
$115,000Residential- Status:
- Active
- MLS® Num:
- A2354132
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 358 sq. ft.
Perfect for First-Time Homebuyers or Investors!Condo fees include water, heat, and electricity. Why pay rent when you can own an affordable apartment or invest in a property with rental income potential? Located in a consistently competitive rental market, this studio unit is an excellent opportunity for both homeowners and investors. Situated on the 7th floor of 5 Harvest Plaza in the heart of Chinatown, this unit features laminate flooring, a combined living and sleeping area, and a patio door leading to the balcony. The functional kitchen offers a spacious adjacent storage room, while the unit also includes a full 4-piece bathroom. Enjoy the convenience of living in a vibrant, densely populated neighbourhood surrounded by restaurants, bars, and convenience stores. Even during Calgary’s cold winter months, you can easily access downtown offices and the city centre on foot via the +15 Skywalk system. Affordable, convenient, and full of potential — an excellent opportunity to own in a sought-after downtown location! More detailsListed by URBAN-REALTY.ca- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
808 108 3 Avenue SW Calgary T2P 0E7
$118,000Residential- Status:
- Active
- MLS® Num:
- A2341475
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 379 sq. ft.
Welcome to this studio condo on the 8th floor, located in the heart of Calgary's vibrant Chinatown! This unit offers plenty of natural light, making it a comfortable living spaces. Enjoy the unbeatable location with quick access to restaurants, shops, cultural attractions, the Bow River pathways, and the downtown core. Perfect for first-time buyers, students, or investors looking for a low-maintenance property in a highly walkable area. More detailsListed by Condo Base- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
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304 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2355242
304 116 3 Avenue SE Calgary T2G 5A9
$124,900Residential- Status:
- Active
- MLS® Num:
- A2355242
- Bathrooms:
- 1
- Floor Area:
- 358 sq. ft.
RENOVATED! Looking for an ultra-affordable downtown spot? This bachelor-style unit in Calgary’s Chinatown delivers exactly what it promises—simplicity, location, and a price that’s hard to beat. You’ve got a private balcony, a ground-level patio, and a functional layout that covers the basics. The building has elevators, shared laundry, and monthly condo fees that include heat, water, and electricity. Located just steps from the Bow River, Prince’s Island Park, transit, and great eats, this is a great opportunity for a minimalist, investor, or first-time buyer. Vacant and ready to go! More detailsListed by Real Estate Professionals Inc.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
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106 335 Garry Crescent NE in Calgary: Greenview Apartment for sale : MLS®# A2356951
106 335 Garry Crescent NE Calgary T2K 5X1
$129,888Residential- Status:
- Active
- MLS® Num:
- A2356951
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 684 sq. ft.
FANTASTIC OPPORTUNITY IN LANDMARK GARDENS! Discover this spacious main floor, one bedroom condominium offering 684 sq. ft. of living space in the established community of Greenview. The functional layout features a bright living room with a fireplace, separate dining area, kitchen, generously sized bedroom, four piece bathroom, and convenient in suite storage. A standout feature is the expansive patio measuring approximately 21'7" x 13'1", perfect for relaxing or enjoying the outdoors. An assigned underground parking stall adds everyday convenience. Offering excellent potential for buyers looking to update and personalize a space to suit their style. Conveniently located near shopping, transit, parks, and major roadways. Bring your vision and make this space your own. Book your private showing today! More detailsListed by Century 21 Bravo Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
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2C 515 17 Avenue SW in Calgary: Cliff Bungalow Apartment for sale : MLS®# A2337935
2C 515 17 Avenue SW Calgary T2S 0A9
$130,000Residential- Status:
- Active
- MLS® Num:
- A2337935
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 540 sq. ft.
One-bedroom, one-bathroom condo located on 17th Avenue SW in Calgary. This unit features a functional layout with a south-facing balcony and in-unit storage. Shared laundry is conveniently located on the same floor. The building offers main-floor retail including a bakery, pizzeria, and liquor store, and is situated in a highly walkable area close to shops, restaurants, transit, and downtown amenities. More detailsListed by MaxWell Canyon Creek- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
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409 2300 Evanston Square NW in Calgary: Evanston Apartment for sale : MLS®# A2347221
409 2300 Evanston Square NW Calgary T3P 0G7
$130,000Residential- Status:
- Active
- MLS® Num:
- A2347221
- Bathrooms:
- 1
- Floor Area:
- 380 sq. ft.
TOP FLOOR | STUDIO LAYOUT | GREAT OPPORTUNITY | ASSIGNED PARKING | LOW CONDO FEES | Whether you’re a FIRST-TIME BUYER ready to make a place your own or an INVESTOR looking for your next opportunity, this TOP-FLOOR STUDIO CONDO offers an affordable entry into the market with plenty of potential. The OPEN-CONCEPT STUDIO LAYOUT makes efficient use of the space, with 380+ SQ FT and 9' CEILINGS. The kitchen features plenty of cabinetry and counter space along with an ISLAND for additional prep space and casual seating. The open living area gives you flexibility to create distinct spaces for sleeping, relaxing and dining. Step outside onto the LARGE BALCONY, extending your living space outdoors for morning coffee or enjoying the warmer months. IN-SUITE LAUNDRY adds everyday convenience, while ASSIGNED PARKING and MAIN-FLOOR STORAGE add even more practicality. Located in EVANSTON, you’re close to parks, pathways, shopping, restaurants and everyday amenities. Evanston Towne Centre, Creekside Shopping Centre and Sage Hill Crossing are all within easy reach, with convenient access to Stoney Trail and Shaganappi Trail for getting around the city. With a TOP-FLOOR LOCATION, efficient studio layout, large balcony, assigned parking, additional storage and the opportunity to MAKE IT YOUR OWN, this is a great option for a first-time buyer or investor looking to get into the Calgary market. More detailsListed by RE/MAX First- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
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201 1111 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2356031
201 1111 15 Avenue SW Calgary T2R 0S8
$135,000Residential- Status:
- Active
- MLS® Num:
- A2356031
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 585 sq. ft.
Prime Location Condo! Welcome to The Shylui — a stylish corner unit perfectly situated in the vibrant Beltline area, right by 17th Avenue SW. This home is ideal for first-time buyers or investors alike. The one-bedroom layout is thoughtfully designed to provide excellent privacy. The spacious bedroom easily accommodates a king-size bed and features a large wall-to-wall closet. There’s also a generous storage closet in the hallway, plus an additional private storage locker located on the lower level of the building for extra convenience. Window unit A/C keeps the hot summer away! This unit includes a covered assigned parking stall, and the building offers coin-operated laundry facilities in the basement — practical and easy to use. The location is unbeatable — surrounded by trendy restaurants, cafés, and shops, with all essential amenities just steps away. The area also boasts several highly rated schools, including Western Canada High School, only a few minutes’ walk from the property. Recent upgrades to the building exterior, brand new windows, and balconies add modern appeal. Enjoy relaxing on your street-facing balcony, where you can take in the vibrant energy of city living at its best. Furnitures can stay with the unit if needed. More detailsListed by Homecare Realty Ltd.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
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3415 1620 70 Street SE in Calgary: Applewood Park Apartment for sale : MLS®# A2350153
3415 1620 70 Street SE Calgary T2A 7Z2
$137,000Residential- Status:
- Active
- MLS® Num:
- A2350153
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 288 sq. ft.
Top-floor bachelor apartment with no neighbours above and no unit on one side. Quiet, private, and easy to live in. The open layout is a main living area with a corner kitchen, a 4-piece bathroom, in-suite laundry, and a couple of convenient closets. Efficient 288 square feet with purposeful design: making it easier to clean and maintain. Ideally a Murphy bed or daybed would keep the floor clear for day-to-day living. Large balcony with vinyl decking replaced less than six months ago. Updates include a newer in-suite washer and dryer, carpet less than a year old, and a toilet less than a year old. Quick elevator access, one parking stall included. The low, $201/month, condo fees include heat, water and electricity – adding to the affordability. Across the street from Elliston Park, including easy walking access for the annual GlobalFest fireworks. Close to East Hills (Walmart, Costco), bus stops, and Stoney Trail. Investor-friendly with the ability to rent the unit, making it an appealing low-maintenance rental opportunity. Also well suited to a first-time buyer or downsizer who wants low upkeep and a park across the street. More detailsListed by RE/MAX West Real Estate- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
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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
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1 1618 28 Avenue SW in Calgary: South Calgary Row/Townhouse for sale : MLS®# A2330599
1 1618 28 Avenue SW Calgary T2T 1J4
$139,000Residential- Status:
- Active
- MLS® Num:
- A2330599
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 433 sq. ft.
OPEN HOUSE THIS Saturday AND Sunday, October 24th & 25th, 12-2PM! NEW FANTASTIC PRICE !! Condo Style Townhouse - funky single level studio with great character - you could even create your own loft bed (check out the high ceiling). SUPER LOW CONDO FEES !! END UNIT ! Pay only electricity! No neighbours above or below, only one connecting wall to next door! HUGE STORAGE LOCKER! Own the Inner-City Lifestyle, get out of the rat race of renting and let's get you qualified ! It's a fabulous space for first time home buyers, investors or empty nesters — A Beautiful Condo on a Quiet Avenue! Just Minutes from Marda Loop! Freshly painted, move-in ready, and packed with features, this charming sanctuary offers an exciting opportunity to own your very own home, A home that delivers a rare combination of privacy, convenience, and community. Step outside and you’re just minutes from the energy of 17th Avenue and 14th Street, where you’ll find fantastic restaurants, cafés, bars, shops, grocery stores, banking, fitness studios, and virtually every service you could need. Love entertaining? Your private balcony gives you your own outdoor space to enjoy a morning coffee, unwind after work, or host family and friends on a warm summer evening. You’ll also have the convenience of a dedicated parking stall at the back of the building and a separate storage locker for all those extras you don’t want taking up valuable living space. And forget the laundromat! This studio comes complete with a full size in-suite washer and dryer, making everyday living that much easier. The location is hard to beat. Upper Mount Royal and its impressive luxury homes are just down the street, putting you in an established and highly desirable inner-city setting while keeping you close to everything that makes Calgary living so much fun. Whether you’re a first-time buyer ready to stop renting, a savvy investor, or simply looking for an affordable way to get into an incredible inner-city neighbourhood, this is an opportunity worth seeing. What’s not to love? Take another look at the photos, then book your showing and come see it for yourself! More detailsListed by MaxWell Canyon Creek- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
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103 315 9A Street NW in Calgary: Sunnyside Apartment for sale : MLS®# A2357114
103 315 9A Street NW Calgary T2N 1T7
$139,900Residential- Status:
- Active
- MLS® Num:
- A2357114
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 441 sq. ft.
Discover this charming move in ready 1-bedroom apartment in trendy Kensington/Sunnyside! This unit offers NEW PAINT and an excellent OPEN CONCEPT LAYOUT, convenient and rare IN-UNIT LAUNDRY, and an UPDATED KITCHEN with NEWER APPLIANCES. Take advantage of the exceptional location: SUNNYSIDE C-TRAIN STATION is only a few steps away, offering excellent DIRECT ACCESS TO DOWNTOWN, and you’re just one stop away from SAIT, while the surrounding neighbourhood buzzes with an incredible array of trendy bars, top-tier restaurants, and clothing stores all directly around you. Nature and recreation are equally accessible: the scenic Bow River pathways are literally at your doorstep, perfect for cycling, jogging, or peaceful walks with stunning downtown skyline and mountain views. Nearby Riley Park offers green space, community events, and seasonal markets, while grocery stores, fitness centres, yoga studios, and other essentials are all close by. This is quintessential central Calgary living—highly connected, character-rich, amenity-packed, and full of energy—ideal for first-time buyers, downsizers, or investors seeking a prime urban foothold. Schedule your viewing today and experience the best of Sunnyside/Kensington living! More detailsListed by Royal LePage Benchmark- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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4310 1620 70 Street SE in Calgary: Applewood Park Apartment for sale : MLS®# A2321775
4310 1620 70 Street SE Calgary T2A 7Z2
$139,900Residential- 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
Data was last updated November 6, 2026 at 10:05 PM (UTC)
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