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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303 1334 12 Avenue SW
Beltline Calgary T3C 3R9

$139,900
Residential beds: 1 baths: 1.0 603 sq. ft. built: 1980

Main Photo: 303 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2303351
Photo 1: 303 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2303351
Photo 2: 303 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2303351
Photo 3: 303 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2303351
Photo 4: 303 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2303351
Photo 5: 303 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2303351
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Photo 21: 303 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2303351
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2303351
Bedrooms:
1
Bathrooms:
1
Year Built:
1980
Bright south facing unit with a large private balcony and downtown urban convenience in the heart of the Beltline. This one bedroom, one bathroom condo offers a functional layout with generous living space, a spacious bedroom, and great natural light throughout. Titled heated underground parking adds everyday convenience, and the location puts you steps from shopping, restaurants, transit, and all the amenities of 17th Avenue and the downtown core. A solid opportunity for buyers looking to get into a highly walkable inner city location.
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:
603.15 sq. ft.
Condo Fee:
$624.18
Condo Fee Includes:
Common Area Maintenance, Heat, Parking, Snow Removal
Front Exposure:
South
Unit Exposure:
South
Floor Location:
Other
Entry Level:
3
Stories Total:
8
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1980 (Age: 46)
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:
9110401
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Concrete, Stucco
Structure Type:
High Rise (5+ stories)
Ensuite:
No
Flooring:
Linoleum, Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Parkade
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
Common Area, Laundry Room, Washer Hookup
Condo Fee Frequency:
Monthly
Southwest
The Ravenwood
Beltline
Secured Parking
Other
See Remarks
Board Approval
Call
Floor
Type
Size
Other
Main Floor
Balcony
29'9" × 6'4"
Main Floor
Bedroom
14'3" × 9'10"
Main Floor
Dining Room
11'10" × 6'2"
Main Floor
Foyer
8'3" × 8'
Main Floor
Kitchen
7'10" × 6'9"
Main Floor
Living Room
14' × 11'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8'10" x 4'11"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
See Remarks
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-X
Listed Date:
Apr 19, 2026
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Listed by Century 21 Bamber Realty LTD.
Data was last updated August 26, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
301
Avg list price:
$299,900
Min list price:
$118,999
Max list price:
$2,250,000
Avg days on market:
54
Min days on market:
1
Max days on market:
349
Avg price per sq.ft.:
$427.59
These statistics are generated based on the current listing's property type and located in Beltline. 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.