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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512 110 2 Avenue SE
Chinatown Calgary T2G 0B3

$134,900
Residential beds: 1 baths: 1.0 494 sq. ft. built: 1978

Main Photo: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 1: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 2: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 3: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 4: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 5: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 6: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 7: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 8: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 9: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 10: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 11: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 12: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 13: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 14: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 15: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 16: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 17: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 18: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
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Photo 20: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 21: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 22: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 23: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 24: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Photo 25: 512 110 2 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2297584
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2297584
Bedrooms:
1
Bathrooms:
1
Year Built:
1978
Welcome to this top floor Broadview Garden 1 bedroom apartment unit sold at $138,800 excluding underground parking stall (to be purchased separately at additional cost of $38,000), located in the heart of Calgary's Chinatown. Total condo fee is $611, $535 for the unit and $76 for the parking stall. This top floor unit features newer vinyl plank flooring and paint throughout (both updated in 2024), offering an inviting Bow River view. It has a great open floorplan with spacious living room. One of the standout features is the stunning open view of the historic Lions on Centre Street bridge crossing the Bow River leading up to Crescent Heights so enjoyable to your daily living. Monthly condo fee include electricity, heat and water. Walking distance to public transportation. Easily accessible to vibrant shopping, restaurants, and all other amenities the downtown has to offer. Don't miss the opportunity to own this unit with its combination of upgrades and beautiful views. The recently announced special assessment responsible to pay by the seller will bring refurbishment to the building towards a more contemporary standard. Tenants' right apply. This property is not CMHC approved, mortgage may not be approved by primary lenders. ***Current tenant will move out on Aug 31, 2026. Unit will be vacant on September 1, 2026.***
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:
493.5 sq. ft.
Condo Fee:
$611.00
Condo Fee Includes:
Common Area Maintenance, Electricity, Heat, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
Front Exposure:
South
Unit Exposure:
North
Floor Location:
Other
Entry Level:
5
Stories Total:
5
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1978 (Age: 48)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms On Main:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Num Ensuite Baths:
0
Plan:
9711165
Heating:
Baseboard, Natural Gas
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Parkade, See Remarks, Titled, Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Southeast
Z-name Not Listed
Chinatown
Elevator(s)
Refrigerator, Stove(s), Washer/Dryer
None
Pets Not Allowed
No
Floor
Type
Size
Other
Main Floor
Entrance
4'11" × 3'5"
Main Floor
Storage
4'11" × 2'7"
Main Floor
Kitchen
6'11" × 5'4"
Main Floor
Dining Room
7'3" × 6'5"
Main Floor
Pantry
7'4" × 3'9"
Main Floor
Living Room
13'7" × 8'3"
Main Floor
Bedroom - Primary
10'10" × 7'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 8'2"
Title to Land:
Fee Simple
Community Features:
Shopping Nearby
Interior Features:
No Animal Home, No Smoking Home
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC (pre 1P2007)
Listed Date:
Apr 01, 2026
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Listed by Realty Link
Data was last updated September 20, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$344,450
Min list price:
$115,000
Max list price:
$2,860,000
Avg days on market:
64
Min days on market:
1
Max days on market:
392
Avg price per sq.ft.:
$547.39
These statistics are generated based on the current listing's property type and located in Chinatown. 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.