New Homes in Calgary Under $500,000 | Calgary new build homes under $500K New homes in Calgary under $500,000

Discover a variety of new homes in Calgary under $500,000, offering modern designs, energy-efficient features, and exceptional value. Whether you are a first-time homebuyer or looking for a budget-friendly upgrade, Calgary's real estate market has plenty to offer.

Explore Calgary new build homes under $500K, including affordable townhomes in Calgary’s vibrant neighborhoods, energy-efficient homes with smart technology, and stylish condos with open-concept layouts. These properties are designed to suit various lifestyles and budgets.

Calgary is home to an array of new developments, each offering proximity to top-rated schools, recreational facilities, and shopping centers. Whether you’re seeking a family-friendly community or a modern urban condo, Diane Richardson is here to assist you in navigating the Calgary real estate market and finding the perfect home under $500,000.

Contact Diane Richardson

Phone: 403.397.3706

Email: diane@mypadcalgary.com

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240 Arbour Ridge Way NW
Arbour Lake Calgary T3G 3V8

$749,900
Residential beds: 6 baths: 4.0 2,174 sq. ft. built: 1993

Main Photo: 240 Arbour Ridge Way NW in Calgary: Arbour Lake Detached for sale : MLS®# A2235080
Photo 1: 240 Arbour Ridge Way NW in Calgary: Arbour Lake Detached for sale : MLS®# A2235080
Photo 2: 240 Arbour Ridge Way NW in Calgary: Arbour Lake Detached for sale : MLS®# A2235080
Photo 3: 240 Arbour Ridge Way NW in Calgary: Arbour Lake Detached for sale : MLS®# A2235080
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2235080
Bedrooms:
6
Bathrooms:
4
Year Built:
1993
**OPEN HOUSE THIS Sat Jun28th at 2-4pm** Welcome to this spacious and well-maintained 2 storey detached home with over 3,000 sq.ft. of developed living space, located in the highly sought-after lake community of Arbour Lake. The east-facing front is framed by mature trees and a charming covered front porch, creating a warm and welcoming impression. Inside, you're greeted by a soaring 2-storey ceiling in the front Living room, filled with natural light from large windows. The main level features gleaming hardwood flooring throughout and was freshly painted in 2025. A formal Dining room (or flexible office space) sits next to the bright Kitchen, which features a central island, ample cabinetry, a pantry, and a new fridge (2024). The adjacent Family room includes a gas fireplace, perfect for cozy evenings, and the breakfast nook offers additional dining space. Going upstairs, the Primary bedroom retreat includes a walk-in closet and a 4-piece ensuite with jetted tub and separate shower. Three additional bright and well-sized bedrooms, along with a renovated main bath (2024), complete the upper floor. The fully finished basement offers fantastic versatility, with two additional bedrooms, one connected to a 3-piece bathroom via a cheater door, and a spacious recreation and a bar area with cabinets. Enjoy the fully fenced and landscaped backyard, complete with a deck, brick patio, apple trees, and a storage shed—ideal for relaxing or entertaining outdoors. Other notable updates include a hot water tank (2019), kitchen cabinet refresh (2023), basement renovation (2022), and complete repiping (2025) with no Poly-B plumbing. Enjoy year-round lake access with activities like swimming, paddleboarding, fishing, and skating. Walkable to all levels of schools, YMCA, Library, daycare, and just minutes to Crowfoot LRT, Costco, T&T, and more. Quick access to Stoney Trail, John Laurie Blvd, and Country Hills Blvd. A wonderful opportunity to own a spacious home in one of NW Calgary’s most desirable communities—book your private showing today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,174 sq. ft.
Main Level Finished Area:
1,096 sq. ft.
Upper Level Finished Area:
1,078 sq. ft.
Below Grade Finished Area:
967 sq. ft.
HOA Fee Frequency:
Annually
Lot Area:
4,768 sq. ft.
Lot Frontage:
44'
Front Exposure:
East
Levels:
Two
Total Rooms Above Grade:
9
Year built:
1993 (Age: 32)
Bedrooms:
6 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
9212483
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Vinyl Plank
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Family Room, Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Main Level
HOA Fee:
$288.75
Arbour Lake
Recreation Facilities
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Refrigerator, Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
13'6" × 9'7"
Main Floor
Kitchen
12'5" × 11'5"
Main Floor
Family Room
12'3" × 11'11"
Main Floor
Dining Room
11'5" × 7'11"
Main Floor
Den
14'1" × 8'11"
Upper Level
Bedroom - Primary
15'2" × 12'1"
Upper Level
Bedroom
11'7" × 9'8"
Upper Level
Bedroom
10'3" × 8'11"
Upper Level
Bedroom
10'3" × 9'8"
Basement
Game Room
16'1" × 10'10"
Basement
Kitchenette
10'8" × 9'
Basement
Bedroom
12'8" × 11'8"
Basement
Bedroom
14'5" × 11'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
Yes
4
0' x 0'
Upper Level
No
4
0' x 0'
Basement
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
High Ceilings, Jetted Tub, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Deck, Front Porch, Patio
Lot Features:
Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-CG
Listed Date:
Jun 27, 2025
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Listed by Jessica Chan Real Estate & Management Inc.
Data was last updated June 30, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$457,450
Min list price:
$285,000
Max list price:
$2,099,500
Avg days on market:
29
Min days on market:
3
Max days on market:
108
Avg price per sq.ft.:
$430.04
These statistics are generated based on the current listing's property type and located in Arbour Lake. Average values are derived using median calculations.
DIANE RICHARDSON
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.