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.

260 Lucas Way NW in Calgary: Livingston Detached for sale : MLS®# A2286813

OPEN HOUSE ON SATURDAY FEBRUARY 21 (1PM - 3PM) 5 BEDROOMS | 3 FULL WASHROOMS | SIDE ENTRANCE | BACKS TO PONDS AND PARKS Welcome to Livingston—where style meets community living. This stunning 2-storey home offers over 2,200 sq ft of thoughtfully designed space, perfect for families who love to entertain. Luxury vinyl plank flooring flows through a bright open-concept main floor anchored by a chef-inspired kitchen with granite countertops, white tile backsplash, central island, walk-in pantry and stainless steel appliances—opening seamlessly into a spacious living room and separate dining area. A main-floor bedroom doubles perfectly as a home office for the remote professional. Upstairs, four generous bedrooms include a true primary retreat with a spa-like 5-piece ensuite featuring a soaker tub, separate shower, dual vanities and a walk-in closet with built-in organizers. The vaulted bonus room is your family's go-to space for movie nights and game days. The full unfinished basement is a blank canvas ready for your vision, while the side entrance adds rare flexibility. Facing beautiful estate homes with serene pond and park views right out your door, this home sits in one of Calgary's most sought-after communities. Enjoy the incredible Livingston Community Centre with an indoor gym, basketball courts, outdoor water park and skating rink—fun for every season. Minutes from Deerfoot, shopping, schools and everything your family needs. Come experience the Livingston lifestyle.

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