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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808 108 3 Avenue SW
Chinatown Calgary T2P 0E7

$128,000
Residential beds: 1 baths: 1.0 379 sq. ft. built: 1977

Residential Entrance
Photo 1: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 2: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 3: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 4: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 5: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 6: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 7: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 8: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 9: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 10: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 11: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 12: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 13: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 14: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 15: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 16: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 17: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 18: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 19: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 20: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 21: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 22: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 23: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 24: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 25: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 26: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 27: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 28: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 29: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Photo 30: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2341475
Bedrooms:
1
Bathrooms:
1
Year Built:
1977
Welcome to this studio condo on the 8th floor, located in the heart of Calgary's vibrant Chinatown! This unit offers plenty of natural light, making it a comfortable living spaces. Enjoy the unbeatable location with quick access to restaurants, shops, cultural attractions, the Bow River pathways, and the downtown core. Perfect for first-time buyers, students, or investors looking for a low-maintenance property in a highly walkable area.
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:
378.91 sq. ft.
Condo Fee:
$448.00
Condo Fee Includes:
Common Area Maintenance, Electricity, Heat, Insurance, Professional Management, Reserve Fund Contributions, Security, Security Personnel, Sewer, Snow Removal
Lot Area:
0 sq. ft.
Lot Frontage:
0'
Front Exposure:
South
Unit Exposure:
North
Floor Location:
Other
Entry Level:
8
Stories Total:
11
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1977 (Age: 49)
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:
9311533
Electricity:
Single Phase
Heating:
Baseboard, Natural Gas
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete
Structure Type:
High Rise (5+ stories)
Roof:
Asphalt/Gravel
Ensuite:
No
Flooring:
Ceramic Tile
Cooling:
None
Fireplaces:
0
Fireplace Details:
None
Water Supply:
Drinking Water
Sewer:
Public Sewer
Utilities:
Electricity Connected, Fiber Optics Available, Phone Connected, Sewer Connected, Water Available
Garage:
No
Parking:
None
Parking Places:
0
Parking Total/Covered:
0 / -
Laundry Features:
Laundry Room
Condo Fee Frequency:
Monthly
Southwest
Z-name Not Listed
Chinatown
Coin Laundry, Laundry
Electric Range, Range Hood, Refrigerator
None
None Known
No
Floor
Type
Size
Other
Main Floor
Bedroom
15'10" × 10'4"
Main Floor
Kitchen
6'6" × 6'1"
Main Floor
Dining Room
6'10" × 6'10"
Main Floor
Storage
9'10" × 4'8"
Main Floor
Balcony
9'10" × 4'8"
Main Floor
Foyer
6'2" × 3'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6'10" x 7'4"
Title to Land:
Fee Simple
Community Features:
Shopping Nearby, Street Lights, Walking/Bike Paths
Interior Features:
Closet Organizers, Laminate Counters, Storage
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Lot Features:
Standard Shaped Lot
Accessibility Features:
Common Area
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC (pre 1P2007)
Listed Date:
Aug 28, 2026
  • Photo 1: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Residential Entrance
  • Photo 2: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Building Entrance
  • Photo 3: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Mall Entrance
  • Photo 4: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Building
  • Photo 5: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Door Phones
  • Photo 6: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Mail Box
  • Photo 7: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Elevators Lobby
  • Photo 8: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Hall way
  • Photo 9: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    closet
  • Photo 10: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Photo 10 of 30
  • Photo 11: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Photo 11 of 30
  • Photo 12: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Photo 12 of 30
  • Photo 13: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Sitting Room
  • Photo 14: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Photo 14 of 30
  • Photo 15: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Photo 15 of 30
  • Photo 16: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Photo 16 of 30
  • Photo 17: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Flooring
  • Photo 18: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Storey room
  • Photo 19: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Photo 19 of 30
  • Photo 20: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Kitchen
  • Photo 21: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Kitchen
  • Photo 22: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Kitchen
  • Photo 23: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Bath room
  • Photo 24: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Bath room
  • Photo 25: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Shower
  • Photo 26: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Balcony view
  • Photo 27: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Balcony view
  • Photo 28: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Balcony view
  • Photo 29: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Washer
  • Photo 30: 808 108 3 Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2341475
    Dryer
Listed by Condo Base
Data was last updated September 20, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$344,450
Min list price:
$115,000
Max list price:
$2,860,000
Avg days on market:
64
Min days on market:
1
Max days on market:
392
Avg price per sq.ft.:
$547.39
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.