What types of homes can I buy in Calgary for under $400,000?

Buyers can find a range of affordable Calgary homes under $400,000 including condos, townhouses, duplexes, and select single-family houses in established or up-and-coming neighborhoods. Many offer updated interiors, garages, and easy access to transit.

Are there detached houses under $400,000 in Calgary?

Yes, detached homes are available in this price range, especially in areas such as Erin Woods, Dover, Temple, Abbeydale, and Penbrooke Meadows. Some may need light renovations, but they offer excellent value and land ownership potential.

Which Calgary neighborhoods are best for first-time buyers?

Neighborhoods such as Skyview Ranch, Copperfield, Legacy, Saddle Ridge, and McKenzie Towne are popular among first-time buyers thanks to their affordability, newer builds, and strong community amenities.

Can I buy a new-build home under $400,000?

Yes, select new-construction condos and townhomes are available under $400,000 in developments around Seton, Livingston, Cornerstone, and Belmont. These properties feature modern designs, energy-efficient layouts, and builder warranties.

Are condos and townhomes a good option under $400,000?

Absolutely. Condos and townhouses dominate this price range, offering low-maintenance living, modern amenities, and convenient access to schools, parks, and shopping. They are ideal for young professionals, downsizers, or investors.

Is $400,000 enough for an investment property in Calgary?

Yes. Investors often find solid opportunities under $400,000, especially in multi-unit condo complexes or older detached homes suitable for upgrades and rental income. Calgary’s strong rental demand makes this price point attractive for long-term value growth.

Who can help me find the best Calgary homes under $400,000?

Diane Richardson is an experienced Calgary Realtor® who specializes in affordable and entry-level real estate. Diane offers customized MLS® searches, local expertise, and personalized guidance to help you find the right home within your budget.

222 Arbour Cliff Close NW in Calgary: Arbour Lake Semi Detached (Half Duplex) for sale : MLS®# A2286436

Tucked within a quiet enclave of bungalow villas in sought-after Arbour Lake, this home offers the kind of simplified, care-free living that so many dream about. This is not a condo - it's a freehold villa where a monthly HOA fee of $150 covers lawn care and snow removal, leaving you free to enjoy life rather than maintain it. Step inside to find hardwood floors flowing through the living and dining areas, where a built-in hutch serves nicely as a sideboard for holiday gatherings or dinner parties. The kitchen features classic white cabinetry with warm oak trim, generous counter and cabinet space, and room for a casual dining nook. Just beyond, a spacious deck invites morning coffee or evening relaxation. The main floor primary suite offers comfortable proportions with hardwood flooring, a walk-in closet, and a private ensuite with shower. A second main-floor bedroom at the front of the home doubles nicely as a den or home office. A full bathroom and convenient laundry facilities in the mudroom leading to the double attached garage round out this thoughtfully designed main level. Downstairs, the walkout basement reveals a generous recreation room anchored by a cosy gas fireplace with oak mantel - a wonderful space for family movie nights or quiet evenings with a good book. An additional room previously used as a bedroom, a full bathroom, and a substantial unfinished area with built-in storage shelving offer tremendous flexibility. Envision a workshop, craft room, or hobby space tailored to your passions. Step out from the walkout level to a patio overlooking a shared green space dotted with mature trees. Recent upgrades including newer windows, roof, and hot water tank, along with central air conditioning, deliver confidence and comfort. The annual Arbour Lake Residents Association fee of $317.63 grants coveted lake access - skating and ice fishing through winter, sandy beach days, swimming, paddle boats, and fishing come summer. With Crowfoot Crossing shopping, the CTrain, restaurants, and quick Stoney Trail access to the mountains all moments away, daily errands and weekend adventures are equally effortless. For those embracing a downsized, lock-and-leave lifestyle - whether travelling or simply savouring more time doing what you love - this villa delivers exactly that freedom.

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