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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802 116 3 Avenue SE
Chinatown Calgary T2G 5A9

$115,000
Residential beds: 0 baths: 1.0 358 sq. ft. built: 1981

Main Photo: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 1: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 2: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 3: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 4: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 5: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 6: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 7: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 8: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 9: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 10: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 11: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 12: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 13: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 14: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Photo 15: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2336709
Bathrooms:
1
Year Built:
1981
Welcome to Sunrise Condos in the Heart of Calgary’s Chinatown! Excellent opportunity for first-time buyers, investors, students, or anyone looking for an affordable downtown lifestyle. Located on the 8th floor, this well-positioned condo offers a functional layout and a private north-facing balcony with views toward the Bow River. Enjoy the convenience of being just steps from the Bow River pathways, Prince’s Island Park, Eau Claire, Downtown Calgary, restaurants, shopping, grocery stores, and public transit. The elevated location provides attractive river and city views, while the balcony offers a great outdoor space to relax and enjoy the surrounding downtown scenery. The building features elevator access and common laundry facilities, providing a simple and low-maintenance lifestyle in an outstanding inner-city location. Whether you are looking for an affordable downtown home, a pied-à-terre, or an investment property, this unit offers excellent value and potential in one of Calgary’s most convenient downtown locations. Don’t miss this affordable opportunity in the heart of Calgary — book your private 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-Loft/Bachelor/Studio
Total Living Area:
358.3 sq. ft.
Main Level Finished Area:
358.3 sq. ft.
Condo Fee:
$392.93
Condo Fee Includes:
Common Area Maintenance, Electricity, Heat, Insurance, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
Front Exposure:
South
Unit Exposure:
North
Floor Location:
Other
Entry Level:
1
Stories Total:
10
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
2
Year built:
1981 (Age: 45)
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:
9810495
Heating:
Baseboard
New Constr.:
No
Construction Material:
Concrete
Structure Type:
High Rise (5+ stories)
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
None
Parking Places:
0
Parking Total/Covered:
0 / -
Condo Fee Frequency:
Monthly
Southeast
Z-name Not Listed
Chinatown
Coin Laundry, Elevator(s)
Electric Stove, Refrigerator
N/A
Board Approval
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
7'9" × 7'9"
Main Floor
Living Room
13'11" × 13'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, 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 CC
Zoning:
DC (pre 1P2007)
Listed Date:
Aug 14, 2026
  • Photo 1: 802 116 3 Avenue SE in Calgary: Chinatown Apartment for sale : MLS®# A2336709
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Listed by Kirin Realty & Management Inc.
Data was last updated August 27, 2026 at 10:05 AM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$346,950
Min list price:
$115,000
Max list price:
$2,860,000
Avg days on market:
42
Min days on market:
7
Max days on market:
368
Avg price per sq.ft.:
$560.5
These statistics are generated based on the current listing's property type and located in Chinatown. 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.