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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4310 1620 70 Street SE
Applewood Park Calgary T2A 7Z2

$139,900
Residential beds: 1 baths: 1.0 258 sq. ft. built: 2004

Main Photo: 4310 1620 70 Street SE in Calgary: Applewood Park Apartment for sale : MLS®# A2321775
Photo 1: 4310 1620 70 Street SE in Calgary: Applewood Park Apartment for sale : MLS®# A2321775
Photo 2: 4310 1620 70 Street SE in Calgary: Applewood Park Apartment for sale : MLS®# A2321775
Photo 3: 4310 1620 70 Street SE in Calgary: Applewood Park Apartment for sale : MLS®# A2321775
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Photo 22: 4310 1620 70 Street SE in Calgary: Applewood Park Apartment for sale : MLS®# A2321775
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2321775
Bedrooms:
1
Bathrooms:
1
Year Built:
2004
LOW AFFORDABLE CONDO FEES!! $200.80 per month and include ALL UTILITIES making this an EXCEPTIONAL VALUE. A quiet studio/bachelor apartment, perfect opportunity for first-time home buyers, downsizers, or investors looking to own in the established community of Applewood. The well-designed layout features an open kitchen with ample cabinet space, an over-the-range microwave, in-suite laundry hook up, and a full 4-piece bathroom. Large sliding patio doors flood the space with natural light and lead to a private, covered southeast-facing balcony overlooking a beautiful green space, providing a peaceful setting to relax and unwind. Enjoy the convenience of an assigned parking stall located just steps from the building entrance, along with the peace of mind of a secure building equipped with monitored security cameras. Even better, Ideally located within walking distance to Elliston Park, public transit including the MAX Purple line, and Peter Lougheed Centre. You’ll also appreciate the quick access to Stoney Trail and the nearby amenities of East Hills Shopping Centre, including Costco, Walmart, Cineplex, restaurants, and more. Affordable ownership, low monthly costs, and a fantastic location—don’t miss your chance to view this great property 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:
257.58 sq. ft.
Main Level Finished Area:
257.57 sq. ft.
Condo Fee:
$200.80
Condo Fee Includes:
Common Area Maintenance, Electricity, Heat, Insurance, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Water
Acreage:
No
Lot Area:
0 sq. ft.
Front Exposure:
Southwest
Unit Exposure:
Southeast
Floor Location:
Other
Entry Level:
3
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
2
Year built:
2004 (Age: 22)
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:
0410620
Heating:
Hot Water, Natural Gas
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Assigned, Stall
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Southeast
Pointe of View - Applewood
Applewood Park
Elevator(s), Storage, Visitor Parking
Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
NA
Board Approval
Yes
Floor
Type
Size
Other
Main Floor
Kitchen
8'1" × 7'5"
Main Floor
Laundry
2'7" × 2'2"
Main Floor
Bedroom
11'2" × 7'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
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 E
Zoning:
M-C2 d116
Listed Date:
Jun 16, 2026
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Listed by 2% Realty
Data was last updated September 20, 2026 at 04:05 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$544,900
Min list price:
$139,900
Max list price:
$649,900
Avg days on market:
55
Min days on market:
11
Max days on market:
100
Avg price per sq.ft.:
$453.31
These statistics are generated based on the current listing's property type and located in Applewood Park. 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.