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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31 821 3 Avenue SW
Downtown Commercial Core Calgary T2P 0H1

$147,000
Residential beds: 2 baths: 1.0 737 sq. ft. built: 1979

Superbly located building close to the river, downtown, Prince's Island Park and Kensington area.
Photo 1: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 2: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 3: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 4: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 5: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 6: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 7: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 8: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 9: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 10: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 11: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 12: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 13: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 14: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Photo 15: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2333426
Bedrooms:
2
Bathrooms:
1
Year Built:
1979
Imagine owning a downtown apartment for $147,000—now it’s possible. Welcome to this 2-bedroom corner unit situated a block away from the river in the sought-after Eau Claire community. Situated on the top floor, this bright corner suite offers a smart, efficient layout with no wasted space and generous storage throughout. Durable laminate flooring—easy to maintain and naturally hypoallergenic—extends seamlessly from the entryway through the entire home. The living room opens onto a sunny south-facing balcony, perfect for relaxing at the end of the day. The unit includes an assigned heated underground parking stall, with the option to rent additional storage. Enjoy an unbeatable location steps from the Bow River pathways, Prince’s Island Park, Kensington, and downtown office towers. The +15 downtown indoor network is a few blocks away. The complex is no longer age-restricted, and it’s pet-friendly (with board approval): up to two small dogs (max 25 lbs each) or one medium dog (max 40 lbs). Short-term stays, including bed and breakfasts, VRBO, AirBnBs, and similar short-term rentals, may be permitted with prior Board approval. This is an exceptional entry point for investors or first-time buyers looking to enjoy downtown living.
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:
737.33 sq. ft.
Condo Fee:
$732.18
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Sewer, Trash, Water
Acreage:
No
Front Exposure:
North
Unit Exposure:
South
Floor Location:
Top
Entry Level:
4
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1979 (Age: 47)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms On Main:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Num Ensuite Baths:
0
Plan:
7910352
Heating:
Baseboard, Natural Gas
New Constr.:
No
Construction Material:
Wood Frame, Wood Siding
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Living Room, Wood Burning
Garage:
No
Garage Spaces:
1
Parking:
Assigned, Heated Garage, Parkade, Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Condo Fee Frequency:
Monthly
Southwest
Livingstone House
Downtown Commercial Core
Coin Laundry, Elevator(s)
Dishwasher, Electric Stove, Range Hood, Refrigerator
None
Pet Restrictions or Board approval Required, Short Term Rentals Allowed
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
17'9" × 11'7"
Main Floor
Kitchen
10'5" × 8'4"
Main Floor
Bedroom - Primary
13'7" × 10'
Main Floor
Bedroom
9'8" × 7'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Closet Organizers, 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:
Jul 30, 2026
  • Photo 1: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    Superbly located building close to the river, downtown, Prince's Island Park and Kensington area.
  • Photo 2: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    Unit features a wood-burning fireplace.
  • Photo 3: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    Living room opens to a large south-facing balcony.
  • Photo 4: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    Durable laminate floor extends from the entryway through the entire apartment.
  • Photo 5: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    The view from the living room towards the kitchen.
  • Photo 6: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    This is the living room.
  • Photo 7: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    The kitchen offers plenty of countertop and cupboards space.
  • Photo 8: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    This is a full bathroom.
  • Photo 9: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    The primary bedroom.
  • Photo 10: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    Another look at the primary bedroom.
  • Photo 11: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    The second bedroom.
  • Photo 12: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    The second bedroom.
  • Photo 13: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    The entrance to the unit is on the left.
  • Photo 14: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    The large balcony is facing south-west.
  • Photo 15: 31 821 3 Avenue SW in Calgary: Downtown Commercial Core Apartment for sale : MLS®# A2333426
    The assigned underground parking belongs to the unit.
Listed by RE/MAX Complete Realty
Data was last updated September 20, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$299,900
Min list price:
$147,000
Max list price:
$1,595,000
Avg days on market:
75
Min days on market:
2
Max days on market:
154
Avg price per sq.ft.:
$406.97
These statistics are generated based on the current listing's property type and located in Downtown Commercial Core. 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.