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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205 4328 4 Street NW
Highland Park Calgary T2K 1A2

$139,900
Residential beds: 1 baths: 1.0 470 sq. ft. built: 1986

Main Photo: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 1: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 2: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 3: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 4: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 5: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 6: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 7: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 8: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 9: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 10: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 11: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 12: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 13: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 14: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 15: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 16: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Photo 17: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2292175
Bedrooms:
1
Bathrooms:
1
Year Built:
1986
Welcome to your Highland Park hideaway! This isn’t just another condo; it’s a cozy, updated 1-bedroom, 1-bathroom retreat that offers incredible value for first-time home owners, investors, or anyone craving that inner-city lifestyle without having to pay steep rent. The layout is bright and functional, featuring a kitchen with plenty of cabinetry, a generous living area, perfect for hosting or just kicking back, and spacious bright bedroom. This is a solid building with no post-tension cables, so you can buy with total confidence. Say goodbye to laundromats with in-suite laundry. There is plenty of parking right in front of the building for you and your guests. Step out back to a huge greenspace, it’s a rare, unbeatable bonus for anyone who wants a beautiful park right at their doorstep. Located just minutes from transit, shopping, and major routes, this is the ultimate low-maintenance home. It’s affordable, updated, and ready for you to move in!
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:
470 sq. ft.
Condo Fee:
$349.00
Condo Fee Includes:
Common Area Maintenance, Electricity, Gas, Heat, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
Front Exposure:
West
Unit Exposure:
West
Floor Location:
Below Grade
Entry Level:
1
Stories Total:
3
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1986 (Age: 40)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0910506
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Off Street
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Northwest
Z-name Not Listed
Highland Park (Calgary)
Park
Microwave, Oven, Range Hood, Refrigerator, Washer/Dryer
N/A
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
13'2" × 12'8"
Main Floor
Kitchen
9' × 7'10"
Main Floor
Dining Room
6'10" × 5'10"
Main Floor
Bedroom - Primary
10'4" × 8'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 7'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
No Animal Home, No Smoking Home, Quartz Counters
Exterior Features:
Playground
Patio And Porch Features:
None
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C1
Listed Date:
Mar 10, 2026
  • Photo 1: 205 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2292175
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Listed by CIR Realty
Data was last updated March 20, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$638,800
Min list price:
$139,900
Max list price:
$1,099,900
Avg days on market:
23
Min days on market:
1
Max days on market:
249
Avg price per sq.ft.:
$454.69
These statistics are generated based on the current listing's property type and located in Highland Park. 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.