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

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209 1712 38 Street SE
Forest Lawn Calgary T2A 1H1

$149,900
Residential beds: 2 baths: 1.0 815 sq. ft. built: 1981

front
Photo 1: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 2: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 3: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 4: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 5: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 6: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 7: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 8: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 9: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2084617
Bedrooms:
2
Bathrooms:
1
Year Built:
1981
2 bedroom apartment on second floor of low rise building;open living room kitchen floor plan ;patio door to balcony; underground park stall.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Suite:
No
Num Legal Suites:
0
Num Illegal Suites:
0
Home Style:
Apartment-Low-Rise (1-4)
Total Living Area:
815 sq. ft.
Main Level Finished Area:
815 sq. ft.
Condo Fee:
$663.09
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Professional Management, Sewer, Trash
Front Exposure:
West
Unit Exposure:
West
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
1981 (Age: 45)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0012879
Heating:
Baseboard
New Constr.:
No
Construction Material:
Composite Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Laminate, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Stall, Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
Common Area
Condo Fee Frequency:
Monthly
Southeast
Braebourne
Forest Lawn
Coin Laundry
Electric Stove, Refrigerator
N/A
Board Approval
Restrictions
Floor
Type
Size
Other
2nd Floor
Bedroom - Primary
14'1" × 10'1"
2nd Floor
Bedroom
14'1" × 7'1"
2nd Floor
Living Room
12' × 11'11"
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Street Lights
Interior Features:
Open Floorplan
Exterior Features:
Other
Patio And Porch Features:
Patio
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone E
Zoning:
M-C1
Listed Date:
Sep 30, 2023
  • Photo 1: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    front
  • Photo 2: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
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  • Photo 3: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 3 of 9
  • Photo 4: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 4 of 9
  • Photo 5: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 5 of 9
  • Photo 6: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 6 of 9
  • Photo 7: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 7 of 9
  • Photo 8: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 8 of 9
  • Photo 9: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 9 of 9
Listed by Grand Realty
Data was last updated February 27, 2026 at 04:05 AM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$499,900
Min list price:
$149,900
Max list price:
$899,900
Avg days on market:
28
Min days on market:
2
Max days on market:
880
Avg price per sq.ft.:
$495.08
These statistics are generated based on the current listing's property type and located in Forest Lawn. Average values are derived using median calculations. This data is not produced by the MLS® system.
DIANE RICHARDSON

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

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.