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Affordable Calgary Homes for Sale Under $500,000 
Looking for Calgary homes for sale under $500,000? Discover an array of affordable properties in one of Canada’s most dynamic cities. In Calgary’s thriving real estate market, buyers can enjoy exceptional value without compromising on quality or convenience. Whether you are a first-time buyer, a savvy investor, or someone ready to downsize, affordable Calgary homes provide the perfect opportunity to secure a comfortable lifestyle in a vibrant community.
Our comprehensive listings showcase a variety of properties under $500,000, from cozy condos to charming single-family homes. Each listing is carefully selected for its prime location, modern amenities, and potential for future growth. Many of these homes are situated in family-friendly neighborhoods, close to top-rated schools, parks, shopping centers, and essential services. This makes owning a home not only a smart financial investment but also a gateway to enjoying Calgary’s exceptional quality of life.
By leveraging expert insights and in-depth market knowledge, you can confidently navigate the competitive Calgary market. Explore our selection today and let us help you find the ideal home that fits your budget and lifestyle, turning your dream of homeownership into a reality.
Contact Diane Richardson
Phone: 403.397.3706
Email: diane@mypadcalgary.com
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PENHOLD PROPERTY FOR SALE
When searching Penhold listings click on DETAILS to view information about the listing and click on MORE... to view the property on a map, schedule a showing, email the listing or check affordability on the mortgage calculator. Every effort is made to make it as easy as possible for you to find and learn about Penhold land, houses, condos, and townhouses on AlbertaTownandCountry.com.
Diane Richardson @ 403-397-3706 (call or text) or email Diane@drichrealty.com
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206 25 Robinson Avenue: Penhold Apartment for sale : MLS®# A2244463
206 25 Robinson Avenue Penhold Penhold T0M 1R0 $134,900Residential- Status:
- Active
- MLS® Num:
- A2244463
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 841 sq. ft.78 m2
Here is your chance to own a TWO bedroom condo in a quiet, well-maintained building. The second-floor unit allows you to enjoy the over 11’ balcony. Spacious floorplan where the primary bedroom easily fits a king bed! Extra storage room right inside the unit. Easy access to shopping and to the Penhold Community Centre. New flooring recently installed in the kitchen and bathroom. Condo fees include all utilities – except power. All appliances included with the unit. With only 5% down – your monthly payments can be lower than renting! Don’t miss out on this low-priced opportunity for you to own a piece of real estate. More detailsListed by RE/MAX real estate central alberta- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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71 4000 Minto ST: Penhold Mobile for sale : MLS®# A2243013
71 4000 Minto ST Penhold Penhold T0M 1R0 $165,900Mobile- Status:
- Active
- MLS® Num:
- A2243013
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 1,216 sq. ft.113 m2
Step into this beautifully maintained 2017 modulare home, offering both comfort and functionality in a bright, open-concept layout. Ideally located in the heart of Penhold, AB, this single-level residence features 1216 Sq ft space with 3 bedrooms and 2 full bathrooms, making it perfect for families or anyone seeking the ease of one-floor living. The spacious primary bedroom is thoughtfully positioned at one end of the home for added privacy and includes a generous 4-piece ensuite. On the opposite end, you’ll find two additional bedrooms accompanied by a full 4-piece bath—ideal for family members or guests. The main living area is bright and welcoming, with natural light streaming throughout. The kitchen is well-appointed with ample counter space, a convenient island with seating, a walk-in pantry, and a dedicated dining area perfect for entertaining. The yard is fenced and includes a shed for yard care and storage, while the large lot offers ample parking. Park fees are $550.00 include water, sewer, and garbage services. This home is only 8 years old and has been meticulously maintained, offering peace of mind to its future owner. Located within walking distance to playgrounds, schools, residents will enjoy year-round recreational opportunities. Penhold is a thriving, family-friendly community with small-town charm, just minutes from the City of Red Deer or Gasoline Alley. Close by amenities, seniors drop-in center, located outside the main entrance. Penhold Multi-Plex Centre is located 600 M from the rear gate. Affordable, modern, and ideally situated—this home is a must-see! More detailsListed by Royal Lepage Network Realty Corp.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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1018 Windsor: Penhold Detached for sale : MLS®# A2243337
1018 Windsor Penhold Penhold T0M 1R0 $249,900Residential- Status:
- Active
- MLS® Num:
- A2243337
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 1,179 sq. ft.110 m2
Discover this cute little home nestled in the trees, located on Windsor Avenue in the heart of Penhold. Recently given a facelift, this property showcases its charm and potential, making it an ideal retreat for anyone looking for tranquility and comfort. Situated on a massive lot, providing plenty of outdoor space. 1 cozy bedroom, perfect for relaxation. A well-appointed bathroom with massive tub and seprate shower. The upper Loft is a charming loft area that can be transformed into a gym, office, study, or yoga space – the possibilities are endless! Enjoy evenings unwinding around the fire pit, creating memories with family and friends. Single detached garage, perfect for warding off the cold winter or utilizing for woodworking and tinkering projects.This property is brimming with potential! Whether you’re looking to create your dream home, an investment property, or a serene getaway, this home offers a unique opportunity in a beautiful setting. More detailsListed by Royal Lepage Network Realty Corp.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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130 Henderson Crescent: Penhold Row/Townhouse for sale : MLS®# A2234059
130 Henderson Crescent Penhold Penhold T0M 1R0 $303,500Residential- Status:
- Active
- MLS® Num:
- A2234059
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 786 sq. ft.73 m2
Step into this bright and welcoming 3-bedroom, 2-bath townhouse, built in 2013 and nestled in one of Penhold’s most desirable, family-friendly neighbourhoods. The open-concept main floor features a sunlit living and dining area that flows effortlessly into a functional kitchen—perfect for everyday living and entertaining. Downstairs, the fully finished basement adds versatile space ideal for a family room, home office, or play area. Enjoy outdoor living in the private, fenced backyard—great for summer BBQs or peaceful evenings. Additional highlights include 9 ft ceilings throughout, no condo fees, a brand new hot water tank, and a fantastic location close to schools, the multiplex, library, shopping, and scenic walking trails. Whether you're a first-time buyer or looking to downsize, this home offers comfort, space, and convenience all in one. More detailsListed by MaxWell Capital Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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234 Halifax Close: Penhold Row/Townhouse for sale : MLS®# A2211156
234 Halifax Close Penhold Penhold T0M 1R0 $352,900Residential- Status:
- Active
- MLS® Num:
- A2211156
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,418 sq. ft.132 m2
This to be constructed Larkaun Homes townhouse could be your next home! You will appreciate the upgrades throughout this 3 bedroom, 2 1/2 bathroom two storey. The curb appeal is accented by the covered front veranda. The entryway greets you to the living room that is flooded with natural light through the large front window. Ceiling height, kitchen cabinets are accented by crown moldings, full tile decorative backsplash, a large island eating bar with pendant lighting above, quartz countertops & a corner pantry. There is an oversized window overlooking the backyard from the dining room. The large back entryway is very functional with space to hang your coats & store your footwear. Follow the wrought iron railings upstairs to the 3 bedrooms. The king sized primary bedroom has a walk in closet and a 4 pce ensuite. The other 2 bedrooms share a 4 pce bath. There is an upper floor laundry room for your convenience. Don't worry about the extra cost for landscaping, these townhouses come complete with sod & fence so that you can just move in and start enjoying your new home! The undeveloped basement has roughed-in plumbing for a future bathroom, a high efficient furnace & an electric hot water tank. A new home buyer program with the Town of Penhold is in effect which means individuals purchasing a newly constructed home (never been lived in home) in Penhold can apply for the program and it is a municipal tax reduction of 50% the first year, and 25% the second year they own the home. Taxes have not been assessed yet. More detailsListed by Century 21 Maximum- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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236 Halifax Close: Penhold Row/Townhouse for sale : MLS®# A2211165
236 Halifax Close Penhold Penhold T0M 1R0 $352,900Residential- Status:
- Active
- MLS® Num:
- A2211165
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,418 sq. ft.132 m2
This to be constructed Larkaun Homes townhouse could be your next home! You will appreciate the upgrades throughout this 3 bedroom, 2 1/2 bathroom two storey. The curb appeal is accented by the covered front veranda. The entryway greets you to the living room that is flooded with natural light through the large front window. Ceiling height, kitchen cabinets are accented by crown moldings, full tile decorative backsplash, a large island eating bar with pendant lighting above, quartz countertops & a corner pantry. There is an oversized window overlooking the backyard from the dining room. The large back entryway is very functional with space to hang your coats & store your footwear. Follow the wrought iron railings upstairs to the 3 bedrooms. The king sized primary bedroom has a walk in closet and a 4 pce ensuite. The other 2 bedrooms share a 4 pce bath. There is an upper floor laundry room for your convenience. Don't worry about the extra cost for landscaping, these townhouses come complete with sod & fence so that you can just move in and start enjoying your new home! The undeveloped basement has roughed-in plumbing for a future bathroom, a high efficient furnace & an electric hot water tank. A new home buyer program with the Town of Penhold is in effect which means individuals purchasing a newly constructed home (never been lived in home) in Penhold can apply for the program and it is a municipal tax reduction of 50% the first year, and 25% the second year they own the home. Taxes have not been assessed yet. More detailsListed by Century 21 Maximum- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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1004 Minto Street: Penhold Row/Townhouse for sale : MLS®# A2216884
1004 Minto Street Penhold Penhold T0M 1R0 $356,500Residential- Status:
- Active
- MLS® Num:
- A2216884
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,425 sq. ft.132 m2
NO CONDO FEES! Welcome to this beautifully maintained 1,425 sq ft home in the heart of Penhold — just minutes from Red Deer. This bright and inviting 4-plex is designed for modern living, with an open-concept main floor that features large windows, durable laminate flooring, and a spacious living area filled with natural light. The well-appointed kitchen includes a central island and opens onto a private back deck through sliding patio doors — perfect for seamless indoor-outdoor living. A convenient 2-piece bathroom completes the main level. Upstairs, you'll find three generous bedrooms, including a primary suite with a walk-in closet and a 4-piece ensuite. An additional full bathroom and an upper-floor laundry area add comfort and functionality. Enjoy the convenience of a single attached garage and a fully fenced backyard — ideal for relaxing or entertaining. Recent upgrades include refreshed lighting, a new microwave, and freshly painted deck and fencing. Located in a vibrant community, Penhold offers amenities such as a recreation center with a fitness area, lounge, library, skate park, and splash park — making it a fantastic place to call home. This pristine property is move-in ready and waiting for you! More detailsListed by 2 Percent Realty Advantage- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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20 Larne Place: Penhold Detached for sale : MLS®# A2230765
20 Larne Place Penhold Penhold T0M 1R0 $362,000Residential- Status:
- Active
- MLS® Num:
- A2230765
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 1,062 sq. ft.99 m2
Charming & Updated Family Home with 3+1 Bedrooms, RV Parking & Private Backyard. Welcome to this spacious and beautifully updated home offering 3 bedrooms plus a versatile den that can easily serve as a fourth bedroom. Ideal for families and hobbyists alike, this home boasts a generous living room with a cozy wood-burning fireplace, now enhanced with a stylish new tile surround. Entertain with ease thanks to a wet bar, oversized laundry room, and an abundance of storage space throughout. The functional layout continues with upper and lower decks overlooking a peaceful backyard lined with mature trees for ultimate privacy. Enjoy practical features like RV parking, a detached single garage, and a large shed for even more storage. The basement includes a dedicated workshop complete with a built-in workbench—perfect for DIY projects or crafts. Recent Upgrades Include: Newer windows throughout, Brand-new stove, Bosch dishwasher, and range hood,Stylish new tile flooring, New pressure-treated fence, All new light fixtures, ceiling fans, and LED pot lights, Updated bathrooms with new taps, New hot water tank and sump pump, Backup sump pump and a 1.5 cubic ft water softener with a 10” pre-filter. This well-cared-for home blends comfort, functionality, and thoughtful upgrades in a desirable setting. Don’t miss your chance to own this move-in-ready gem! More detailsListed by Royal Lepage Network Realty Corp.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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2029 Minto Street: Penhold Detached for sale : MLS®# A2246111
2029 Minto Street Penhold Penhold T0M 1R0 OPEN HOUSE: Aug 09, 202512:00 PM - 03:00 PM MDTOpen House on Saturday, August 9, 2025 12:00PM - 3:00PM$378,900Residential- Status:
- Active
- MLS® Num:
- A2246111
- Bedrooms:
- 4
- Bathrooms:
- 2
- Floor Area:
- 920 sq. ft.86 m2
Sitting on a huge 7,400 sq ft lot, this home has serious curb appeal — and it only gets better inside! Step into a beautifully landscaped oasis with a lush garden and a covered deck made for nights and morning coffees. Inside, enjoy four spacious bedrooms, two full baths, and a layout that’s as functional as it is inviting. Situated just minutes from schools, parks, and amenities, this home has the space, charm, and location you've been searching for. Duct and furnace cleaned march 2025, Hot water tank 2021 and one new window in secondary bedroom on main floor. Don’t miss your chance to call this one home! More detailsListed by Century 21 Maximum- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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10 Waskasoo Avenue: Penhold Commercial Land for sale : MLS®# A2105866
10 Waskasoo Avenue Penhold Penhold T0M 1R0 $424,999Land- Status:
- Active
- MLS® Num:
- A2105866
Located on the northwest corner of Highway 42 and Waskasoo Avenue in Penhold, this 0.65 acre parcel, to be subdivided, is available for sale. All groundwork and gravel has been completed, and there is a 26 stall paved parking lot on the property with space to construct a 5,373 SF building on the site. The property is in the heart of new commercial and residential development, with close proximity to the Penhold Regional Multiplex and Penhold Crossing Secondary School. More detailsListed by RE/MAX Commercial Properties- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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114 Robinson Avenue: Penhold Detached for sale : MLS®# A2241368
114 Robinson Avenue Penhold Penhold T0M 1R0 $429,900Residential- Status:
- Active
- MLS® Num:
- A2241368
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 1,095 sq. ft.102 m2
Lovely 4 Bed, 3 Bath, with double car garage, fenced back yard. Welcome to this beautiful bi-level home located in the heart of Penhold, Alberta. Offering 4 bedrooms and 3 full bathrooms, this home is perfect for families, commuters, or anyone looking to enjoy the best of small-town living just minutes from the city. Step inside and be greeted by vaulted ceilings, a large welcoming entry way, and large east-facing windows. In addition there are charming character cut-outs that add both space and personality. The open-concept main floor boasts a bright living area and a well-appointed kitchen with plenty of cabinetry, perfect for those who love to cook or entertain. The large primary bedroom is bright and private, with nice walk in closet and 3 pce ensuite. The large open basement has a beautiful corner fireplace, there are also 2 nice sized bedrooms, and another 4 pce bathroom in the basement. Enjoy some extras, such as central air, central vacuum, sump pumps, and a water softener system, already in place. The fully landscaped and fenced yard includes a west-facing deck—ideal for evening BBQs and relaxing sunsets. Additional highlights include, double detached garage with back alley access, Located in a quiet, family-friendly neighborhood, close to schools, the Penhold Multiplex, shopping, and parks Just 5 minutes to the QEII, making commuting to Red Deer and beyond a breeze Whether you’re a growing family or downsizing without compromise, this home offers the perfect blend of comfort, space, and convenience. Enjoy the peace and charm of small-town living, with all the amenities, just a short drive away. More detailsListed by RE/MAX real estate central alberta- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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82 Harvest Close: Penhold Detached for sale : MLS®# A2237526
82 Harvest Close Penhold Penhold T0M 1R0 $449,900Residential- Status:
- Active
- MLS® Num:
- A2237526
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 1,112 sq. ft.103 m2
Beautifully Updated 4-Bedroom Bi-Level with Heated Garage & Spacious Yard. Tucked away on a quiet close and just minutes from schools, shopping, parks, and the recreation centre, this beautifully finished 4-bedroom, 3-bathroom bi-level offers the perfect blend of comfort, style, and functionality. Recently refreshed with a full interior repaint, new vinyl plank flooring in the living, dining, and kitchen areas, and updated trim, this home is move-in ready for its next owners. The open-concept main floor features 9-foot ceilings and large south-facing windows that fill the living and dining rooms with natural light. The spacious kitchen is thoughtfully designed with a peninsula for extra seating, a pantry, stainless steel appliances (including a fridge with waterline), and ample counter space—ideal for both everyday living and entertaining. Step outside to the covered back deck, perfect for year-round enjoyment, overlooking a large, fully fenced backyard with under-deck storage—a great space for kids, pets, and summer gatherings. The primary bedroom features dual closets and a private 4-piece ensuite, while a second generously sized bedroom and another full bathroom complete the main floor. Downstairs, the fully finished basement boasts durable vinyl plank flooring, two additional bedrooms, a third full bathroom, and a spacious rec room—perfect for movie nights, playtime, or hosting guests. Additional features include in-floor heating for year-round comfort and an upgraded instant heat recovery system for enhanced energy efficiency. A 26' x 24' heated detached garage adds tremendous value, offering plenty of space for vehicles, storage, or a workshop. With quick access to highways connecting to Red Deer and Junction 42, and close proximity to all essential amenities, this home delivers the best of convenience, comfort, and community living. More detailsListed by RCR - Royal Carpet Realty Ltd.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email