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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305 110 20 Avenue NE
Tuxedo Park Calgary T2E 1P7

$145,000
Residential beds: 1 baths: 1.0 586 sq. ft. built: 1982

Main Photo: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 1: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 2: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 3: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 4: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 5: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 6: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 7: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 8: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 9: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 10: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 11: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 12: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 13: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 14: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 15: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 16: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Photo 17: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2326008
Bedrooms:
1
Bathrooms:
1
Year Built:
1982
Welcome to Centre 20 in the popular inner-city community of Tuxedo Park. This top-floor, one-bedroom, one-bathroom condo is completely move-in ready and offers an incredible, affordable opportunity to own your own home for less than the cost of renting. As soon as you walk in, you will notice the vinyl flooring that runs throughout the entire unit, making the space feel clean, modern, and very easy to maintain. The functional open floorplan makes great use of the space, giving you a bright and inviting living area. The functional kitchen has penty of cabinet and counter space with the breakfast bar peninsula. The entire condo is painted in neutral colours, making it easy to just move your furniture in and make it your own. Right off the living room, there is a generous balcony with plenty of room for a patio set and a barbecue. The bedroom is spacious and features a bay window that lets in tons of natural light. Next to the bedroom is a four-piece bathroom with plenty of extra vanity space, and an updated toilet. Plenty of storage in this unit with a pantry, foyer closet and walk-in storage area! This unit also comes with its own assigned parking stall, so you never have to worry about street parking. Plus, the building features a handy common laundry room located on the main floor. This is a fantastic property for a first-time buyer or an investor looking for a solid rental unit. You are just minutes away from downtown, public transit, local restaurants, coffee shops, and parks. Why rent when you can own this great top-floor condo in a wonderful location? Book your showing 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:
585.94 sq. ft.
Main Level Finished Area:
585.94 sq. ft.
Condo Fee:
$461.04
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Reserve Fund Contributions, Sewer, Water
Front Exposure:
South
Unit Exposure:
North
Floor Location:
Top
Entry Level:
3
Stories Total:
3
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1982 (Age: 44)
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:
8310073
Heating:
Baseboard, Natural Gas
New Constr.:
No
Construction Material:
Brick, Composite Siding, Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Assigned, Stall
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
Laundry Room
Condo Fee Frequency:
Monthly
Northeast
Centre 20
Tuxedo Park
Laundry, Parking
Electric Stove, Microwave, Range Hood, Refrigerator, Window Coverings
N/A
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom
16'1" × 10'9"
Main Floor
Kitchen
7'7" × 7'5"
Main Floor
Dining Room
11'1" × 8'5"
Main Floor
Living Room
11'3" × 10'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 10'8"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Laminate Counters, Open Floorplan, Storage
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C1
Listed Date:
Jul 02, 2026
  • Photo 1: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
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  • Photo 4: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
    Virtually Staged
  • Photo 5: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
    Virtually Staged
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  • Photo 11: 305 110 20 Avenue NE in Calgary: Tuxedo Park Apartment for sale : MLS®# A2326008
    Virtually Staged
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Listed by eXp Realty
Data was last updated September 20, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
32
Avg list price:
$709,500
Min list price:
$145,000
Max list price:
$1,995,000
Avg days on market:
41
Min days on market:
3
Max days on market:
226
Avg price per sq.ft.:
$460.26
These statistics are generated based on the current listing's property type and located in Tuxedo 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.