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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102 4619 73 Street NW
Bowness Calgary T3B 2M3

$160,000
Residential beds: 1 baths: 1.0 498 sq. ft. built: 1980

Main Photo: 102 4619 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2273890
Photo 1: 102 4619 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2273890
Photo 2: 102 4619 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2273890
Photo 3: 102 4619 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2273890
Photo 4: 102 4619 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2273890
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2273890
Bedrooms:
1
Bathrooms:
1
Year Built:
1980
More photos will be added once the tenant vacates on January 1. Nestled in the vibrant community of Bowness, just steps from Bowness High School and moments from Bowness Road, Highway 1 and Stoney Trail. This bright, spacious main-floor corner unit delivers unbeatable convenience and comfort. Offering one bedroom and a four-piece bathroom, it features low condo fees, making it an affordable and appealing option. The unit has been tastefully updated with modern finishes, including new flooring and a washer/dryer combo. With its smart layout, assigned parking and prime location, it’s an excellent choice for anyone looking to stop renting and enjoy homeownership. Alternatively, its desirable features and location also make it a fantastic investment opportunity, offering strong potential as a revenue-generating property. Come take a look!
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-Single Level Unit
Total Living Area:
497.76 sq. ft.
Condo Fee:
$592.86
Condo Fee Includes:
Heat, Insurance, Parking, See Remarks, Sewer, Water
Front Exposure:
Northeast
Unit Exposure:
Northeast
Floor Location:
Ground
Entry Level:
1
Stories Total:
3
Levels:
Single Level Unit
End Unit:
2+ Common Walls, No One Below
Total Rooms Above Grade:
4
Year built:
1980 (Age: 46)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0614063
Heating:
Baseboard
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Laminate, Other
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Stall
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Northwest
Z-name Not Listed
Bowness
Other
Electric Stove, Range Hood, Refrigerator, Washer/Dryer Stacked
N/A
None Known
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
10'6" × 9'2"
Main Floor
Living Room
12'10" × 11'1"
Main Floor
Kitchen
7'3" × 5'10"
Main Floor
Dining Room
7'8" × 7'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 8'5"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
See Remarks
Exterior Features:
Other
Patio And Porch Features:
Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
M-C1
Listed Date:
Dec 04, 2025
  • Photo 1: 102 4619 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2273890
    Photo 1 of 4
  • Photo 2: 102 4619 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2273890
    Photo 2 of 4
  • Photo 3: 102 4619 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2273890
    Photo 3 of 4
  • Photo 4: 102 4619 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2273890
    Photo 4 of 4
Listed by VIVO Realty
Data was last updated February 26, 2026 at 04:05 AM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$767,500
Min list price:
$160,000
Max list price:
$1,998,000
Avg days on market:
33
Min days on market:
3
Max days on market:
211
Avg price per sq.ft.:
$509.99
These statistics are generated based on the current listing's property type and located in Bowness. 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.