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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305 2611 15A Street SW
Bankview Calgary T2T 4C1

$154,900
Residential beds: 1 baths: 1.0 617 sq. ft. built: 1980

Main Photo: 305 2611 15A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2293535
Photo 1: 305 2611 15A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2293535
Photo 2: 305 2611 15A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2293535
Photo 3: 305 2611 15A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2293535
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2293535
Bedrooms:
1
Bathrooms:
1
Year Built:
1980
Rare opportunity to own an affordable condo in the highly desirable inner-city community of Bankview. This well-maintained top-floor unit offers over 600 sq ft of comfortable living space, featuring 1 bedroom, 1 full bathroom, and an assigned parking stall. The bright, open main floor showcases durable laminate flooring throughout. The spacious living room includes sliding doors that lead to an above-ground balcony, perfect for summer barbecues or enjoying morning coffee. The modern kitchen is equipped with white cabinetry and a mix of stainless steel and black appliances. The generously sized primary bedroom provides ample space, while a full 4-piece bathroom completes the unit. Location is unbeatable, walking distance to trendy restaurants, shopping, and transit. All furnishings are included, making this an excellent opportunity for investors or first-time home buyers. Book your private viewing today!
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:
616.94 sq. ft.
Main Level Finished Area:
616.94 sq. ft.
Condo Fee:
$657.67
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Reserve Fund Contributions, Snow Removal, Water
Front Exposure:
East
Unit Exposure:
West
Floor Location:
Top
Entry Level:
3
Stories Total:
3
Levels:
Single Level Unit
End Unit:
2+ Common Walls
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:
8111786
Heating:
Baseboard
New Constr.:
No
Construction Material:
Cedar, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Stall
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
Common Area
Condo Fee Frequency:
Monthly
Southwest
Claire Estates
Bankview (Calgary)
Laundry, Parking
Dishwasher, Electric Stove, Microwave, Range Hood, Refrigerator
All Furnishings included
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living Room
14' × 13'
Main Floor
Kitchen
7'3" × 7'1"
Main Floor
Dining Room
7'10" × 6'7"
Main Floor
Bedroom - Primary
11'7" × 11'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 7'5"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Ceiling Fan(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Mar 14, 2026
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Listed by 2% Realty
Data was last updated April 30, 2026 at 10:05 AM (UTC)
Area Statistics
Listings on market:
39
Avg list price:
$289,998
Min list price:
$154,900
Max list price:
$1,285,000
Avg days on market:
55
Min days on market:
1
Max days on market:
309
Avg price per sq.ft.:
$365.17
These statistics are generated based on the current listing's property type and located in Bankview. 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.