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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105 620 15 Avenue SW
Beltline Calgary T2R 0R5

$125,000
Residential beds: 0 baths: 1.0 363 sq. ft. built: 1970

Main Photo: 105 620 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2317979
Photo 1: 105 620 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2317979
Photo 2: 105 620 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2317979
Photo 3: 105 620 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2317979
Photo 4: 105 620 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2317979
Photo 5: 105 620 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2317979
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Photo 21: 105 620 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2317979
Photo 22: 105 620 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2317979
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Photo 24: 105 620 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2317979
Photo 25: 105 620 15 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2317979
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2317979
Bathrooms:
1
Year Built:
1970
Welcome to Villa Royale! This corner studio apartment has a large central room with large windows to provide natural light throughout. The kitchen has plenty of cabinets and counter space plus a built-in breakfast bar. There is insuite laundry, storage areas and a 4 piece bath to complete this home. You also have an assigned parking stall just behind the building. Pets are allowed with board approval. This ground level apartment is located within a quick walk to 17th Avenue with its many restaurant and shops and you have an easy commute to downtown via transit or MacLeod Trail. This is a great opportunity for a first time buyer or investor.
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-Loft/Bachelor/Studio
Total Living Area:
363.2 sq. ft.
Main Level Finished Area:
363.2 sq. ft.
Condo Fee:
$275.63
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
Front Exposure:
South
Unit Exposure:
North
Floor Location:
Below Grade
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls, End Unit
Total Rooms Above Grade:
2
Year built:
1970 (Age: 56)
Bedrooms:
0 (Above Grd: 0)
Bedrooms Above Grade:
0
Bedrooms On Main:
0
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Num Ensuite Baths:
0
Plan:
0712098
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Other
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Alley Access, Off Street, Stall
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Southwest
Z-name Not Listed
Beltline
Parking, Spa/Hot Tub, Trash
None
None
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
12'11" × 11'6"
Main Floor
Kitchen
13'5" × 9'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Open Floorplan
Exterior Features:
None
Patio And Porch Features:
None
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-MH
Listed Date:
Jul 06, 2026
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Listed by RE/MAX Realty Professionals
Data was last updated September 20, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
290
Avg list price:
$299,995
Min list price:
$125,000
Max list price:
$2,250,000
Avg days on market:
45
Min days on market:
1
Max days on market:
338
Avg price per sq.ft.:
$438.24
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.