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.

2006 37 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2275211

Originally constructed in 2008 and professionally rebuilt under TD Insurance’s approved contractor program, this detached home offers the feel of newer construction within an established inner SE location. With 1,681 sq ft above grade and high ceilings on both levels, the home features a functional and spacious layout rarely found at this price point. The main floor includes a bright living and dining area anchored by a striking three-way tiled fireplace, a versatile den or bedroom, powder room, mudroom, and a thoughtfully designed kitchen with extensive cabinetry and prep space. Upstairs offers three generously sized bedrooms, including a primary suite with a five-piece ensuite and dual closets. Luxury vinyl plank flooring runs throughout the main and upper levels, creating a clean, modern aesthetic. The unfinished basement includes laundry rough-ins and provides excellent future development potential. Buyers may explore secondary suite options, subject to City approval and zoning requirements. The 20'11" x 17'1" garage was also rebuilt, offering functional parking and storage space that adds meaningful value. Situated on a large rectangular lot just minutes from downtown, transit, schools, shopping, and major routes, this home presents a compelling opportunity for buyers seeking modern standards, space, and long-term flexibility — without new-build pricing. Full rebuild documentation available upon request.

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