Calgary Homes for Sale Under $500,000 – Affordable Houses, Condos & Townhomes

Explore Calgary’s Best Homes, Condos & Family Properties Under Half a Million

Updated today: Browse the latest MLS® listings for Calgary homes priced under $500,000, including detached houses, townhomes and condos in all four quadrants of the city.

Calgary homes for sale under $500,000 – affordable houses, condos and townhomes
Find Calgary homes for sale under $500,000 – from modern condos to family houses and townhomes across the city.

Welcome to your complete guide to Calgary homes for sale under $500,000, featuring affordable houses, condos and townhomes updated in near real time from the Calgary MLS®. This popular price range offers strong value for first‑time buyers, downsizers and investors who want a balance of price, space and modern finishes.

You can choose from modern downtown Calgary condos, starter homes in growing suburbs, and family‑friendly townhouses in vibrant communities. Popular areas for affordable homes under $500K include SE Calgary, NE Calgary, and select neighbourhoods in SW and NW Calgary.

Homes in this range often feature open‑concept layouts, attached or rear garages, updated kitchens, private yards or balconies and family‑friendly floor plans. Many buyers are also drawn to new construction developments and move‑in‑ready properties that deliver modern design, energy efficiency and easy access to Calgary amenities.

Start your search for Calgary real estate under $500,000 by exploring the active listings below, saving favourites and requesting more details. Diane Richardson can help you compare communities, understand value and negotiate the right home that fits both your lifestyle and financial goals.

  Browse Calgary Homes Under $500,000     Call or text: 403‑397‑3706 · Email: Diane@Mypadcalgary.com 

Browse Calgary Homes for Sale by Area & Features

Discover your perfect Calgary home from our comprehensive collection of houses, condos, townhomes, and luxury properties across all quadrants and price ranges

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Calgary Homes for Sale Under $500,000 | Affordable Houses, Condos & Real Estate Listings

Calgary Homes for Sale Under $500,000, Affordable Houses, Condos & Real Estate Listings

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  • 4308 279 Copperpond Common SE in Calgary: Copperfield Apartment for sale : MLS®# A2293636

    4308 279 Copperpond Common SE Copperfield Calgary T3S 0A6
    Main Photo: 4308 279 Copperpond Common SE in Calgary: Copperfield Apartment for sale : MLS®# A2293636
    $299,900
    Residential
    Status:
    Active
    MLS® Num:
    A2293636
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    802 sq. ft.
    Good starter home or investment property, walking distance to school and playground, welcome to this well kept apartment unit in convenient Copperfield. It features titled underground parking and assigned storage locker. It has 2 good size bedrooms, master bedroom with 4 pieces ensuite, large and sunny living room, sliding door to large balcony with BBQ gas hood up, open kitchen and spacious dining area, and in suite laundry. It closes to school, playground, public transit, shopping, and easy access to major roads. ** 4308 279 Copperpond Common SE ** More details
    Listed by Century 21 Bravo Realty
  • 2307 450 Kincora Glen Road NW in Calgary: Kincora Apartment for sale : MLS®# A2289991

    2307 450 Kincora Glen Road NW Kincora Calgary T3R 1S2
    Main Photo: 2307 450 Kincora Glen Road NW in Calgary: Kincora Apartment for sale : MLS®# A2289991
    $398,800
    Residential
    Status:
    Active
    MLS® Num:
    A2289991
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    941 sq. ft.
    Beautifully kept - this spacious 2 bedroom, 2 bathroom unit in the sought after complex "The Pinnacle at Kincora" is sure to impress! Lovely curb appeal and perfectly situated within the community of Kincora within walking distance to parks, pathways, and everyday shopping conveniences. Offering 941 SF of functional design welcoming you into a large foyer where you will love the choice flooring and color pallet throughout that is visually captivating. The Chef's kitchen showcases high-end stainless-steel appliances, mosaic tile backsplash, Quartz countertops and an over-sized island with eating bar. The dining area has French door access to the balcony and opens to the living room with cozy gas fireplace. The primary bedroom features a walk-in closet with custom built-ins and a 4 piece ensuite with dual sink vanity. A second guest room with dual closets, 4 piece bathroom and insuite laundry complete this unit. Don't overlook the central AC for those hot summer days, titled underground parking stall, assigned storage locker and bike storage. Enjoy the maintenance free, 18+ adult living in a pet friendly building (upon board approval) today! More details
    Listed by MaxWell Canyon Creek
  • 43 5425 Pensacola Crescent SE in Calgary: Penbrooke Meadows Row/Townhouse for sale : MLS®# A2291611

    43 5425 Pensacola Crescent SE Penbrooke Meadows Calgary T2A 2G7
    OPEN HOUSE: Mar 16, 2026
    12:00 PM - 04:00 PM MDT
    Open House on Monday, March 16, 2026 12:00PM - 4:00PM
    Main Photo: 43 5425 Pensacola Crescent SE in Calgary: Penbrooke Meadows Row/Townhouse for sale : MLS®# A2291611
    $319,900
    Residential
    Status:
    Active
    MLS® Num:
    A2291611
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,187 sq. ft.
    Beautifully maintained and updated 3-bedroom end-unit townhouse backing onto greenspace in Penbrooke Meadows! Ideally located on the edge of the complex next to Penbrooke School Park, this home offers the rare convenience of street parking right outside the front door on Pensdale Road. Inside, you’ll find 1.5 bathrooms, a bright and functional layout, and an upgraded kitchen featuring stainless steel appliances, modern cabinetry, and ample counter space. The spacious primary bedroom includes a walk-in closet and sunny south-facing views. Enjoy the private fenced backyard with mature lilacs and perennials, perfect for relaxing, gardening, entertaining, or playing with the kids while backing onto acres of open green space. Recent upgrades include a new high-efficiency furnace, humidifier, and central air conditioning for year-round comfort. Close to schools, shopping, dining, transit, and major routes, this home offers an exceptional blend of comfort, convenience, and location. More details
    Listed by Real Broker
  • 301 2425 90 Avenue SW in Calgary: Palliser Apartment for sale : MLS®# A2293618

    301 2425 90 Avenue SW Palliser Calgary T2V 4X8
    Main Photo: 301 2425 90 Avenue SW in Calgary: Palliser Apartment for sale : MLS®# A2293618
    $300,000
    Residential
    Status:
    Active
    MLS® Num:
    A2293618
    Bedrooms:
    1
    Bathrooms:
    2
    Floor Area:
    973 sq. ft.
    Top floor, end unit. Spacious living room & dining room with corner, wood burning fireplace, access to covered deck overlooking the rear of the building, large kitchen. One bedroom with ensuite, den, 1/2 baths & in-suite laundry complete this condo. Excellent amenities including a stunning lobby fireplace and sitting area, fitness room with sauna, games room with shuffleboard and billiard table, wonderful social lounge with fully equipped kitchen and weekly coffee club, library, meeting room, exterior sun deck and lounge area, additional storage lockers plus a car wash! Bayshore Park is an investment in both real estate and lifestyle. Very active volunteer group and many social activities to enjoy. Professionally managed 25+ adult complex (no pets allowed). Wonderful location nestled between Oakridge and Palliser, close to many restaurants, medical offices, Co-op, Safeway and just steps to the gorgeous pathways at Glenmore Reservoir. Pick your possession and move right in. More details
    Listed by The Home Hunters Real Estate Group Ltd.
  • 109 22 Auburn Bay Link SE in Calgary: Auburn Bay Apartment for sale : MLS®# A2287277

    109 22 Auburn Bay Link SE Auburn Bay Calgary T3M 1Z8
    Main Photo: 109 22 Auburn Bay Link SE in Calgary: Auburn Bay Apartment for sale : MLS®# A2287277
    $349,900
    Residential
    Status:
    Active
    MLS® Num:
    A2287277
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    883 sq. ft.
    Welcome to this bright and spacious 883 sq ft condo offering 2 bedrooms, 2 bathrooms, and the perfect blend of comfort, style, and convenience. Located in the highly sought-after lake community of Auburn Bay, this move-in ready home boasts a thoughtfully designed open concept living space that seamlessly combines the living, dining, and kitchen areas. Enjoy a modern kitchen featuring stainless steel appliances, a central island with seating perfect for breakfast or casual dining, and direct access to a large covered patio for year round enjoyment. The large primary bedroom has a 3-piece ensuite bathroom and a walk-in closet. The second bedroom is generously sized and located near the stacked laundry. Residents enjoy exclusive lake access along with a wide range of outdoor activities and year-round community events. You’re also within walking distance to restaurants, grocery stores, a movie theatre, and more. Additional highlights include: Two assigned parking stalls (29 & 107), Private assigned storage unit and Plenty of visitor parking. Whether you're a first-time buyer, downsizer, or investor, this is an incredible opportunity to own in one of Calgary’s best lake communities! Book your showing today. More details
    Listed by eXp Realty
  • 206 3737 42 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2292626

    206 3737 42 Street NW Varsity Calgary T3A 2M8
    Main Photo: 206 3737 42 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2292626
    $288,822
    Residential
    Status:
    Active
    MLS® Num:
    A2292626
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,127 sq. ft.
    Varsity - #206, 3737 42 Street NW: Incredible Value! Offering 1,127 sq ft. Welcome to this spacious 2nd-floor unit in Landmark Estates, located in the highly desirable community of Varsity. This freshly painted home features 2 bedrooms, 2 full bathrooms, an assigned parking stall, and two private balconies. One of the largest floor plans in the building, the layout includes a functional kitchen, a dedicated dining area, and a bright, generous living room with a gas fireplace and access to one of the balconies. The primary bedroom offers great space with a closet, a 3-piece ensuite, and access to the second balcony. You will also find a second bedroom with a massive walk-in closet and a 4-piece main bathroom. Landmark Estates is a well-maintained complex with updated exteriors, windows, landscaping, and common areas - plus clean, recently refreshed interiors, including the main-floor laundry room. Ideally located with plenty of visitor parking and just a short walk to Market Mall, and minutes to the University District, University of Calgary, Foothills Hospital, and Alberta Children’s Hospital. Vacant and ready for quick possession. Shows well - call today for more information! More details
    Listed by CIR Realty
  • 7006A Bowness Road NW in Calgary: Bowness Semi Detached (Half Duplex) for sale : MLS®# A2292682

    7006A Bowness Road NW Bowness Calgary T3B 0G4
    Main Photo: 7006A Bowness Road NW in Calgary: Bowness Semi Detached (Half Duplex) for sale : MLS®# A2292682
    $469,999
    Residential
    Status:
    Active
    MLS® Num:
    A2292682
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    732 sq. ft.
    Check out this "NO CONDO FEE", move-in ready half duplex in the heart of Bowness! Offering nearly 1,400 sq. ft. of living space. This beautiful budget-friendly Bi-level home is ideal for first-time buyers, families, or downsizers, while also offering excellent potential if you choose to use it as an investment property. As you enter and head upstairs, you’re welcomed by a bright and spacious main floor featuring luxury vinyl plank flooring throughout. The large sunlight flooded living room features a cozy wood-burning fireplace, perfect for cold winter evenings. Adjacent to the living room is a flexible space that can be used as a dining room or den, along with a bright updated kitchen featuring Travertine ceramic tile, granite countertops, freshly painted cabinets, and newer appliances. A convenient main floor laundry room with French doors and a newly renovated half bathroom complete this level. Large windows and a south-facing balcony bring in an abundance of natural light. The Lower Level features 3 well-sized bedrooms, each with a large window. The spacious primary bedroom includes a walk-in closet, while the second and third bedrooms are comfortably sized. A full bathroom completes this level, offering comfort and privacy. This home has seen numerous updates, including: Roof, eaves-troughs, fascia, siding, and downspouts (approximately 3 years old), Fresh paint through, New Furnace motor, vents professionally cleaned and sanitized with inspection completed, Chimney professionally swept. Outside you’ll find a huge yard, offering plenty of space for gardening, pets, entertaining, or future deck expansion possibilities, along with ample parking at the rear of the property. Located minutes from major routes with easy access to transit, close to schools, parks, and bike paths, this home combines comfort, updates, and convenience. Don’t miss the opportunity to own this well-priced home in Bowness. Book your showing with your favorite Realtor today! More details
    Listed by CIR Realty
  • 224 47 Street SE in Calgary: Forest Heights Detached for sale : MLS®# A2292822

    224 47 Street SE Forest Heights Calgary T2A 1P2
    Main Photo: 224 47 Street SE in Calgary: Forest Heights Detached for sale : MLS®# A2292822
    $499,999
    Residential
    Status:
    Active
    MLS® Num:
    A2292822
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    971 sq. ft.
    Welcome to this beautifully maintained 3+2 bedroom bungalow nestled in the established community of Forest Heights — an incredible opportunity for homeowners and investors alike. Step inside to a bright, inviting main floor where a generous living room with a large west-facing picture window floods the space with natural light. The thoughtfully updated kitchen features newer stainless steel appliances, quartz countertops, and an abundance of cabinet and counter space — perfect for the home chef. The spacious primary bedroom offers direct access through sliding glass doors to a covered back deck surrounded by a stunning private garden. Two additional well-sized bedrooms and a 3-piece bathroom complete the main level. The fully developed basement provides excellent mortgage helper with potential income, featuring a large rec room, a full kitchen with full-sized appliances, generously sized 4th bedroom and 5th bedrooms, a 4-piece bathroom. Outside, the meticulously landscaped backyard is truly a showstopper — complete with a covered patio, a back deck, vibrant garden beds, a storage shed, and a fire pit area ideal for summer entertaining. Additional peace of mind comes with a recently replaced roof. Primely located with quick access to Memorial Drive, 52nd Street, and 17th Avenue, you're just minutes from downtown Calgary, major shopping centre, restaurants, schools, and the LRT. Properties like this don't last — call today to book your private showing! More details
    Listed by KIC Realty
  • 9407 403 Mackenzie Way SW in Airdrie: Downtown Apartment for sale : MLS®# A2293383

    9407 403 Mackenzie Way SW Downtown Airdrie T4B 3V7
    Main Photo: 9407 403 Mackenzie Way SW in Airdrie: Downtown Apartment for sale : MLS®# A2293383
    $299,700
    Residential
    Status:
    Active
    MLS® Num:
    A2293383
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    935 sq. ft.
    Amazing opportunity to own this beautiful top floor unit with titled underground heated parking is located within walking distance to shopping plaza, medical center, stores, fitness center, beauty salons, daycare, restaurants, walking trails/parks, schools, public library and other amenities. This exceptionally rare apartment has 934 SqFt, living space featuring open concept bright floor plan with huge windows allowing lots of natural light, big entrance foyer, huge living space, very functional kitchen with plenty of cupboard/counter space, big kitchen island with breakfast bar area, great size dining area, spacious primary bedroom with walk-in closet and 3pc en-suite bathroom, 2nd bedroom and 2nd full 4pc bathroom, large office, in-suite laundry room with upgraded washer & dryer. You will discover plenty of upgrades like: GRANITE COUNTERTOPS in the kitchen and both bathrooms, upgraded cabinetry, S/S APPLIANCES, etc. It is very quiet, very bright with big windows allowing a lot of natural light, south facing great size balcony. Don’t miss it out this unique opportunity in Creekside Village downtown Airdrie! Call for your private viewing today! More details
    Listed by Century 21 Masters
  • 120 11 Street SW in Medicine Hat: SW Hill Detached for sale : MLS®# A2293480

    120 11 Street SW SW Hill Medicine Hat T1A 4S3
    Main Photo: 120 11 Street SW in Medicine Hat: SW Hill Detached for sale : MLS®# A2293480
    $279,800
    Residential
    Status:
    Active
    MLS® Num:
    A2293480
    Bedrooms:
    3
    Bathrooms:
    1
    Floor Area:
    882 sq. ft.
    A charming 3-bedroom home with room for a fourth bedroom in the basement, located in a desirable neighborhood. The bright living room features hardwood floors and a newer front window, while the cute, functional kitchen includes a full appliance package, fridge, stove, and dishwasher. The main floor also offers a bedroom with new fan/light and a full 4 pc bathroom. There are two additional bedrooms upstairs. The partially finished basement includes a rec room, laundry area with washer and dryer (2021), freezer, potential bedroom with egress window, and a 2-piece bath. Electrical updates have been completed. Enjoy added comfort with central A/C, shingles replaced in 2022 (house only), 100 amp service, and a fully fenced yard wired for a hot tub. Outside features include an open front porch, single detached garage, and extra concrete parking in the back. Option to purchase furnished. A great opportunity in a fantastic location! More details
    Listed by RIVER STREET REAL ESTATE
  • 237 7 Street SW in Medicine Hat: SW Hill Detached for sale : MLS®# A2293578

    237 7 Street SW SW Hill Medicine Hat T1A 4K2
    Main Photo: 237 7 Street SW in Medicine Hat: SW Hill Detached for sale : MLS®# A2293578
    $349,999
    Residential
    Status:
    Active
    MLS® Num:
    A2293578
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    950 sq. ft.
    Welcome to the perfect starter home or revenue property! This charming 950 sq. ft. raised bungalow offers incredible versatility with a legal 877 sq. ft. basement suite and a 24' x 26' detached garage. Located on the desirable Southwest Hill, this home is close to many great amenities, making it an ideal option for homeowners and investors alike. As you step inside, you’re immediately welcomed by the home’s character and warmth. The main living area is both functional and inviting, filled with natural light from the large feature window. The kitchen offers a practical layout with convenient access to the laundry area and back entrance. The main floor is completed by two well-sized bedrooms and a full bathroom. The updated lower-level legal suite provides excellent additional living space or income potential. With two additional bedrooms, a spacious living area, full kitchen, and large windows that bring in plenty of natural light, the basement feels bright and comfortable. Outside, you’ll find a fully fenced yard, a concrete patio area perfect for relaxing or entertaining, and a detached garage with a paved parking pad, providing plenty of parking options. With its flexible layout, income potential, and great location, this property offers so many possibilities and could be the perfect home or investment for you. More details
    Listed by SOURCE 1 REALTY CORP.
  • 112 10060 46 Street NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2293679

    112 10060 46 Street NE Saddle Ridge Calgary T3J 2H8
    Main Photo: 112 10060 46 Street NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2293679
    $199,000
    Residential
    Status:
    Active
    MLS® Num:
    A2293679
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    496 sq. ft.
    Townhome in Savanna-Priced to Sell!-Motivated Sellers!!! Short-term rental with board approval is possible Discover this beautifully appointed 1-bedroom, 1-bathroom townhouse in Savanna **virtual photos used to showcase the unit. Modern Features Include: - Soaring 9-foot ceilings creating an open, airy atmosphere - Durable vinyl plank flooring - quartz countertops - SS appliances - Full-height kitchen cabinets maximizing storage - Close to Airport, Metis and Stoney trail and all other amenties This thoughtfully designed space offers exceptional living at an attractive price point. The sellers are eager to make a deal, presenting a rare opportunity for first-time buyers or investors. Schedule your private viewing today and experience all this remarkable property has to offer. More details
    Listed by Sixty6 Real Estate
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Data was last updated March 16, 2026 at 08:13 PM (UTC)

Frequently Asked Questions About Calgary Homes Under $500,000

What types of homes are available in Calgary under $500,000?

Buyers shopping under $500,000 in Calgary can choose from a range of condos, townhomes, duplexes and starter single‑family houses. Many of these properties offer open‑concept layouts, updated interiors and convenient access to transit, shopping and schools.

Are there good options for first-time buyers under $500,000?

Yes, this price range is very popular with first‑time buyers, who often focus on well‑located condos, townhouses and smaller detached homes. These properties can provide a manageable mortgage payment along with modern finishes and low‑maintenance living.

Which Calgary areas offer strong value for homes under $500,000?

Many buyers look to SE and NE Calgary, as well as select communities in SW and NW Calgary, for strong value under $500K. These areas frequently feature newer builds, family‑friendly amenities and good access to major roadways and transit.

Can I buy a new-build home in Calgary for under $500,000?

In several growing neighbourhoods, there are new‑construction townhomes, duplexes and smaller detached houses available below $500,000. These homes often include energy‑efficient systems, modern floorplans and builder warranty coverage.

Are detached houses available under $500,000?

Detached homes under $500,000 are available in a variety of Calgary communities, especially in outer and developing areas. While they may have slightly smaller lots or more modest finishes, many still provide 3 bedrooms, garages and private yards.

What features can I expect in a Calgary home priced under $500K?

Typical homes in this range often offer 2–3 bedrooms, 2+ bathrooms, open‑concept main floors and updated kitchens. Depending on the property type, you may also find in‑suite laundry, balconies or patios, attached or assigned parking and access to shared amenities.

Is Calgary under $500,000 a good range for investors?

Many investors focus on the under‑$500K segment because of its broad rental demand and comparatively lower entry costs. Well‑located condos, townhomes and houses near transit, employment centres and schools can offer attractive long‑term potential.

Who can help me find the best Calgary homes under $500,000?

Diane Richardson is an experienced Calgary REALTOR® who works extensively with buyers and sellers in the under‑$500K market. Diane provides personalized MLS® searches, neighbourhood‑level advice and one‑on‑one support from initial planning through to possession.

Interactive Map: Calgary Homes for Sale Under $500,000

Explore active Calgary homes for sale under $500,000 using the interactive map below. See affordable houses, condos and townhomes across all four quadrants of the city. Blue clusters show areas with multiple listings—zoom in to reveal individual properties marked by red pins, then click any home to view photos, features and pricing from the latest Calgary MLS® listings under $500,000.

Use this map to compare budget‑friendly homes and investment properties in popular neighbourhoods such as Auburn Bay, Evanston, Seton and Skyview Ranch, along with many other established and growing communities. It is an ideal tool for first‑time buyers, professionals and downsizers looking for a balance of value, location and comfort while exploring Calgary homes under $500,000 in real time.

Diane Richardson – Calgary Homes Under $500,000 Specialist

Your Calgary Homes Under $500,000 Specialist

Diane Richardson is a trusted Calgary REALTOR® helping buyers find the right houses, condos and townhomes under $500,000. With years of local experience, Diane provides clear advice, neighbourhood insight and step‑by‑step guidance for first‑time buyers, move‑up buyers and investors.

Whether you are considering a starter home, modern condo or investment property, Diane’s local market knowledge and hands‑on support make buying or selling under $500,000 in Calgary more straightforward and less stressful.

    Connect With Diane Richardson Today    

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