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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105 4311 73 Street NW
Bowness Calgary T3B 2N2

$149,900
Residential beds: 1 baths: 1.0 482 sq. ft. built: 1981

Main Photo: 105 4311 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2295463
Photo 1: 105 4311 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2295463
Photo 2: 105 4311 73 Street NW in Calgary: Bowness Apartment for sale : MLS®# A2295463
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2295463
Bedrooms:
1
Bathrooms:
1
Year Built:
1981
UNBEATABLE VALUE IN BOWNESS | IDEAL FOR FIRST-TIME BUYERS & INVESTORS Stop paying rent and start building equity with this bright and functional 1-bedroom condo located in the heart of the vibrant Bowness community. Perfectly positioned as one of the most affordable entry-level homes in Calgary, Unit 105 offers an open-concept layout that maximizes every square foot of living space. The main living area is spacious enough for a full furniture set and flows seamlessly into a dedicated dining area and kitchen, making it an ideal setup for both daily living and hosting guests. The well-sized primary bedroom provides a quiet retreat, complemented by a clean 4-piece bathroom and plenty of in-suite storage. One of the standout features of this home is the private balcony, offering a peaceful outdoor spot for your morning coffee or a summer BBQ. Convenience is at the forefront here, as the unit includes its own assigned parking stall and easy access to common laundry facilities just steps away. The low-maintenance lifestyle is further enhanced by condo fees that cover essential utilities like heat and water, allowing for predictable monthly budgeting. The location is truly second to none for those who love the outdoors and local culture. You are just minutes away from the iconic Bowness Park and the extensive Bow River pathway system. Commuting is effortless with quick access to Stoney Trail and Highway 1, putting the University of Calgary, Foothills Hospital, and even the Rocky Mountains within easy reach. Whether you are looking for a high-yield investment property or a cozy place to call your own, this is a rare opportunity to own a piece of Northwest Calgary at an incredible price point. Book your showing today before this opportunity is gone.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Bare Land Condo
Transaction Type:
For Sale
Suite:
No
Num Legal Suites:
0
Num Illegal Suites:
0
Home Style:
Apartment-Single Level Unit
Total Living Area:
482.3 sq. ft.
Condo Fee:
$460.00
Condo Fee Includes:
Common Area Maintenance, Electricity, Gas, Heat, Professional Management, Trash
Lot Area:
14,810 sq. ft.
Lot Frontage:
100'
Front Exposure:
East
Unit Exposure:
East
Floor Location:
Below Grade
Entry Level:
1
Stories Total:
3
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
4
Year built:
1981 (Age: 45)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
8211673
Heating:
Baseboard
New Constr.:
No
Construction Material:
Wood Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Stall
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
Common Area
Condo Fee Frequency:
Monthly
Northwest
Z-name Not Listed
Bowness
Storage
Dishwasher, Electric Range, Refrigerator
N/A
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Entrance
9'6" × 5'5"
Main Floor
Storage
7'10" × 2'10"
Main Floor
Dining Room
10'1" × 6'
Main Floor
Living Room
10'10" × 8'9"
Main Floor
Bedroom - Primary
12' × 8'9"
Main Floor
Walk-In Closet
4'8" × 4'3"
Main Floor
Kitchen
7'9" × 7'2"
Main Floor
Porch - Enclosed
16'9" × 12'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'9" x 5'
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Open Floorplan
Exterior Features:
Balcony
Patio And Porch Features:
Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
M-C1
Listed Date:
Mar 22, 2026
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Listed by Century 21 Bravo Realty
Data was last updated March 28, 2026 at 06:05 AM (UTC)
Area Statistics
Listings on market:
42
Avg list price:
$777,500
Min list price:
$149,900
Max list price:
$1,798,000
Avg days on market:
34
Min days on market:
3
Max days on market:
199
Avg price per sq.ft.:
$477.53
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.