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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.
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SYLVAN LAKE LUXURY HOMES FOR SALE
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38 Springfield Boulevard: Sylvan Lake Detached for sale : MLS®# A2236641
38 Springfield Boulevard Sylvan Lake T4S 0S5 
$859,900Residential- Status:
- Active
- MLS® Num:
- A2236641
- Bedrooms:
- 5
- Bathrooms:
- 4
- Floor Area:
- 2,220 sq. ft.
Stunning is the best way to describe True-Line Homes Newest Sylvan Lake Show Home!!! The Interior Decorators went to town on this Executive Home! Gorgeous upgraded kitchen with Quartz Countertops, Amazing Cabinetry , Stainless Appliances, Open Floor Plan with Beamed Ceilings, Stunning Entry, Large Center Island , Angled Vinyl Plank Flooring,. Primary Bedroom with Vaulted Ceilings, large walk-in closet, 4 piece ensuite with Double Sinks and a 5' Shower. Large Great Room Upstairs with Wet bar and Balcony! Fully developed basement with Family room, 2 Bedrooms, 4 piece bath, Storage Room and Energy Efficient Mechanical Room . Fully finished 22x26 garage with 220 and dry sump, Completely Finished and Heated! , Sunstop Low E argon filled windows, Limited Lifetime Architectural Shingles, Silent Floor System, Hardy Siding, Upgraded Insulation R60 and a 10 year New Home Warranty plus the added bonus of the 2 Year all inclusive Builders Warranty! If you love QUALITY, this is your home! More detailsListed by Realty Executives Alberta Elite- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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308 Marina Bay Place: Sylvan Lake Detached for sale : MLS®# A2208726
308 Marina Bay Place Sylvan Lake T4S 1E9
$899,900Residential- Status:
- Active
- MLS® Num:
- A2208726
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,622 sq. ft.
Situated in the heart of beautiful Marina Bay, this stunning lakefront home offers a lifestyle you will soon realize is loaded with goodness. Imagine waking up each morning to the gentle sound of the water, the sun casting a golden hue over the serene lake. This is not just a house, this is your place to call "HOME". As you step inside, you are greeted by an open concept living space that immediately offers views to the water from the floor to ceiling windows that face the lake. The home features a gourmet kitchen with sit up eating island and plenty of working space and cabinets. Sun filled dining area offering front row seats to the endless outdoor canvas of the changing seasons. Elegant living room complete with cozy fireplace completes this open concept living space, so great for entertaining family and friends. There is also a 2pc bath and laundry on this level. The upper floor boasts 3 bedrooms and a 4pc bath. The large primary bedroom has a 3pc ensuite and walk in closet. Outside you will love the deck overlooking the lake, double attached garage, and nicely landscaped yard. Avid boater? Fishing enthusiast? Winter outdoor activity lover? Everything is right out your back door. As a resident, you have access to the clubhouse with a hub of activities to enjoy and get to know your neighbors. All the comforts of home, all the vibrance of lake front living. Such a great location, easy walking access to 18 hole golf course, downtown, lots of shopping and dining. Clubhouse for residents to use, host a family gathering overlooking sailboats and sunsets. More detailsListed by RE/MAX real estate central alberta- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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328 Marina Bay Place: Sylvan Lake Detached for sale : MLS®# A2206235
328 Marina Bay Place Sylvan Lake T4S 1E9
$935,000Residential- Status:
- Active
- MLS® Num:
- A2206235
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,567 sq. ft.
Introducing the Marina Bay Escape — your lakefront dream home with timeless charm and unforgettable views. This stunning Cape Cod–style home is tucked into the exclusive Marina Bay community on Sylvan Lake, offering 3 bedrooms, a flexible loft, and 3 bathrooms across 1,567 sq ft, plus a rare, fully finished basement — a true differentiator in the neighborhood! Situated on a 4,889 sq ft lot, this home backs directly onto the private marina with exceptional views, clean swimming water, and a floating dock complete with a diving board. Step into the showstopping 2-story great room, where sunlight pours in through soaring windows that frame the sparkling marina. Beautiful hardwood floors stretch throughout the home, adding warmth and sophistication. Whether you're relaxing on the back deck at sunset or entertaining in the highly functional kitchen, every space has been designed for both connection and calm. Enjoy access to exclusive amenities including a private marina and boat launch, yacht club, tennis courts, and neighborhood parks. The walkability is unbeatable — take a short stroll to the boardwalk, grab dinner, or treat yourself to the many restaurants downtown. Meticulously maintained with thoughtful upgrades this home truly has it all. For over 30 years, Marina Bay Escape has been the heart of cherished memories, gatherings, and laughter. Now, it's ready to welcome its next story. All Furniture and accessories are negotiable. More detailsListed by Greater Property Group- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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130 Pelican Place: Sylvan Lake Commercial Land for sale : MLS®# A2181565
130 Pelican Place Sylvan Lake T4S 1K2
$995,000Land- Status:
- Active
- MLS® Num:
- A2181565
Large lot in Pelican Place available for commercial development. More detailsListed by Greater Property Group- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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17 Jarvis Bay Drive: Sylvan Lake Detached for sale : MLS®# A2208992
17 Jarvis Bay Drive Sylvan Lake T4S 1R9
$1,080,000Residential- Status:
- Active
- MLS® Num:
- A2208992
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 1,726 sq. ft.
The moment you drive up to 17 Jarvis Bay Drive you are met with the peaceful hush of the water and the basking warmth of the sun as it sets right in front of you. As you make your way to the front door you will experience an expansive recently redone front deck that is the perfect place to unwind at the end of a day and take in the breathtaking sunsets. Through the front door you walk into vaulted ceilings, a wood burning fireplace and enough open space to feel like you can take a deep breath, the feeling of home. At the back of the home sits a large kitchen and dining area with tons a cabinet space and a bunk room to make sure you have room for everybody. Heading up the stairs you have a large Primary bedroom on one side with views of the water, vaulted ceilings, built in wall cabinetry for ample storage and of course an ensuite for privacy. A spacious main bathroom seems even larger with the same vaulted ceilings and built in wood cabinetry that you saw in the primary. On that level you will also find a second bedroom and large storage closet before walking up the steps to the coziest loft that is filled with the same natural light that floods this home and makes it the perfect lake cottage feel but with all the space you need. Heading downstairs you will stop on a level with your large laundry room and a storage room to fit anything else you need. The large windows in the walkout basement make it perfect for guests who want their own space or for renting short or long term, whatever you choose. The incredible thing about this one of a kind property is that it not only allows you one opportunity for extra space or a rental but it also has a fully functional cabin in the backyard with a private patio that is the guest house you will love. This cozy cabin welcomes you in to an open kitchen/living room area complete with a custom cottage island that is the perfect gathering place. The full bathroom is complete with wood shiplap to bring the warmth and character of the cabin into this very functional space. As if you needed more to love there are 2 bedrooms that carry the same lake cottage feel of the main home into this charming cabin. This home has been a wonderful place of memories made and smores around the firepit and relaxing with a tea on the deck taking in the most magnificent sunsets and now you have the opportunity to own this rare find and make your own memories. This has been a family home and has spent the last few years booking on VRBO and Airbnb with incredible reviews. The unique position to be directly in front of a sandy beach with perfect views of the water is an opportunity that is hard to find, so now is your chance to own your perfect piece of paradise. More detailsListed by eXp Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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5310 50 Avenue: Sylvan Lake Residential Land for sale : MLS®# A2183679
5310 50 Avenue Sylvan Lake T4S 1E7
$1,099,000Land- Status:
- Active
- MLS® Num:
- A2183679
Multi-family or townhouse development site with 600' of frontage on the picturesque Sylvan Lake Golf and Country Club. Plans may be available for a large commercial and residential condo. Alternatively, it would be ideal for a multi-family investment property in a market where the vacancy rate is currently almost zero. Property is just short walk to downtown and the beach. More detailsListed by RE/MAX real estate central alberta- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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0 IRON GATE Boulevard: Sylvan Lake Commercial Land for sale : MLS®# A2241255
0 IRON GATE Boulevard Sylvan Lake T4S 2J7
$1,253,000Land- Status:
- Active
- MLS® Num:
- A2241255
SYLVAN LAKE IS BOOMING! 1.79 ACRES of prime commercial land zoned CNS (Serviced to property line and ready for development). This exceptional commercial development site is strategically located right on Iron Gate Blvd. in Iron Gate-Sylvan Lake subdivision amongst high density residential. Its part of the only undeveloped commercial corner in what has transitioned into the thriving Town of Sylvan Lake's prime shopping corridor. The residential component of the quarter section is advancing rapidly with many phases complete and homes occupied. A 52 unit townhome site is rapidly selling (nearly sold out). There is a 98 unit apartment that is almost fully occupied south of this 1.79 acre commercial parcel, as well as a 1.69 acre multi family site (beside it) with a pending plan for an 89 unit luxury adult apartment. A 55 lot phase that is serviced (south of the 8 acre site-nearly sold out) with a mix of townhomes and single family homes is nearly sold out to builders with much of it already under construction or homes sold an occupied. The east side of the property has a 42 townhome lots development which currently is being built on. A 26 lot single family home phase has just been serviced on the south side of the property with home construction to begin this year. The balance of the quarter consists of 88 acres of residential development land on the south side that will begin development in 2025 and will consist of approximately 500 new homes. Sylvan Lake is conveniently located approximately 1 hr 10 minutes in between Calgary and Edmonton, 15 minutes from Red Deer, voted one of the six top beach destinations in western Canada...it's become true 4 seasons destination with an incredible number of annual tourists. Want a larger parcel, there are two more attached CNS commercial site of 4 acres (MLS #A2241241) and 2.21 acres (MLS#A2241252) which could be combined to make an 8 acre site if desired. More detailsListed by RCR - Royal Carpet Realty Ltd.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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7 Songbird Green: Sylvan Lake Detached for sale : MLS®# A2186704
7 Songbird Green Sylvan Lake T4S 0S6
$1,290,000Residential- Status:
- Active
- MLS® Num:
- A2186704
- Bedrooms:
- 4
- Bathrooms:
- 2
- Floor Area:
- 1,275 sq. ft.
Introducing the Hawktail! This Vleeming Custom Home stands as a rare and remarkable exception at a time where homes often prioritize aesthetics over substance. Located in the serene, park-like surroundings of Sixty West at Sylvan Lake, this craftsman style bungalow is a testament to precision, longevity, and environmental stewardship that a Vleeming Custom Home is known for. For those who demand true quality homes that aren't just attractive but are built to perform... this home is it. Every detail - from its carefully selected materials to its masterful construction, reflects Vleeming’s philosophy: that a home should serve its owners for generations, not just years. At its core, the Hawktail is engineered for true energy efficiency. Constructed with an insulated concrete form (ICF) foundation and ICE Panel wall system, it achieves insulation ratings far beyond typical standards, ensuring a consistent and comfortable indoor environment year round. Triple pane windows, a high-efficiency HVAC system, and a multi-layer roof insulation system (R76) complement the structure, working in harmony to minimize energy consumption, achieving performance metrics that set it apart from your average build. Sunlight filters through expansive windows, highlighting finely crafted woodwork and thoughtfully designed living spaces. The kitchen, a perfect blend of form and function, features quartz countertops, an induction cooktop, and custom cabinetry that reflects the meticulously detailed planning behind every Vleeming home. The primary bedroom suite is a sanctuary, designed with both relaxation and purpose in mind. From the built-in wardrobes to the curbless walk-in shower in the ensuite, every element speaks to the foresight and attention to detail that defines the Hawktail. This is a home that anticipates its owners' needs, offering a lifestyle that is seamless and sophisticated, great for aging in place. The exterior spaces are equally thoughtful. A large, partially covered rear deck, framed by lush greenery, extends the living space outdoors. Built with vinyl decking and aluminum railings, it requires minimal maintenance, allowing its owner to focus on enjoying their surroundings rather than tending to them. Even the garage reflects the Hawktail’s uncompromising standards. With heated epoxy floors, EV charger readiness, a design that accommodates a car lift, and sized to house your average truck, it is both practical and future-focused—a reflection of the home’s overall ethos. The Hawktail is more than a showpiece. It’s a demonstration of what’s possible when quality, innovation, and sustainability come together. It’s for those who value the long-term advantages of true energy efficiency, paired with a commitment to craftsmanship that is becoming increasingly rare. This home is not just built for today—it’s built for decades to come. Experience the difference a truly exceptional home can make. More detailsListed by Real Broker- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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8 Sweetgrass Place: Sylvan Lake Detached for sale : MLS®# A2166728
8 Sweetgrass Place Sylvan Lake T4S 0S5
$1,320,900Residential- Status:
- Active
- MLS® Num:
- A2166728
- Bedrooms:
- 3
- Bathrooms:
- 3
- Floor Area:
- 1,802 sq. ft.
In the beautiful Sixty West community, this Vleeming-built home resides on one of the neighborhood's most coveted lots. Sixty West combines luxury and convenience with Sylvan Lake charm, anchored by Waterford Station – a nearby hub of local businesses and shops. Here, quality living and everyday essentials are just a short stroll away. From foundation to roof, this home showcases effective design and superior craftsmanship. The Insulated Concrete Form foundation and Durabuilt triple-pane windows and doors create a comfortable, energy-efficient environment year-round. Durable CRC/IKO architectural shingles top off an exterior that artfully combines Gemstone smart LED lighting, acrylic stucco, Canexel siding, and natural stone. Inside, the open main floor impresses with both coffered and tray ceilings and flows seamlessly from the office to the living room and over to the gourmet kitchen. Custom Hunter Douglas shades, Huntwood cabinets, and high-end appliances make this open space a joy for entertainers! On the same level, the primary offers a large sanctuary, with an organized walk-in closet, custom shower, standalone tub, and dual vanity in the ensuite, to blend functionality with style for everyday comfort. The lower level is a haven for family gatherings and entertainment. It features two bedrooms, a den, and a full bathroom, along with a spacious area perfect for movie nights or game sessions. The custom wine room, situated behind a strikingly beautiful wet bar, comes complete with a drain and is plumb-ready, offering endless possibilities for wine enthusiasts. A Trane furnace with zoned heating, HRV, and water softener ensure optimal comfort and air and water quality throughout. In-floor heating in the primary’s ensuite, the basement, and garage adds an extra touch of luxury. Outdoor living is equally appealing, featuring a low-maintenance composite deck with sleek aluminum and glass railings. Incredible attention to detail in the composite borders and edging! Maximize your outdoor living space with the clever built-in shed tucked beneath the water-tight deck, offering dry, secure storage for gardening tools and equipment while preserving valuable professionally landscaped yard area. Gather with family and friends here or stroll along with the Sixty West's ambling walking paths, green spaces and ponds. This particular lot sits adjacent to Sixty West Park! The oversized garage, finished with upscale epoxy flooring, doubles as an impressive workshop space. It's perfect for the discerning hobbyist or car enthusiast. This home also has central vac and additional audio options! This Sixty West gem offers more than just premium living – it's an aspirational lifestyle where quality craftsmanship meets modern convenience, all within a thriving new community. With Waterford Station nearby, this home truly represents the pinnacle of upscale, forward-thinking design! More detailsListed by Real Broker- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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4 IRON GATE Drive: Sylvan Lake Commercial Land for sale : MLS®# A2173891
4 IRON GATE Drive Sylvan Lake T4S 2J7
$1,327,500Land- Status:
- Active
- MLS® Num:
- A2173891
IRON GATE-SYLVAN LAKE. 1.77 acre parcel of prime commercial development land (zones CNS)in a high traffic area in thriving Sylvan Lake, located directly across from WalMart in Iron Gate subdivision on 47th Avenue. (1 ACRE AVAILABLE RIGHT BESIDE THIS LAND IF YOU NEED A LARGER PARCEL MLS A2173893). Iron Gate is directly across from three fully developed residential quarter sections with commercial component consisting of three district shopping centres with numerous tenants including a 7-11 with gas bar, C0-OP gas bar and car wash, Wal-Mart, Canadian Tire, No Frills, Sobey's, Shoppers Drug Mart, A&W, Wendy's, McDonalds to name just a few. Directly supporting these shopping centres are the fully developed residential subdivisions of Ryder's Ridge, Hewlett Park and the industrial subdivisions of Cuendet Industrial Park and future Norell business Park. This area has quickly become Sylvan Lake's "Go to" for shopping, commerce and residential lifestyles. Iron Gate subdivision consists of numerous multi family developments- single family homes, duplex lots, townhome lots, apartment sites with the balance of the 88 acres in mixed residential (servicing commencing in 2025). The residential component of Iron Gate is selling rapidly, quickly increasing the number of roof tops in the area. More detailsListed by RCR - Royal Carpet Realty Ltd.- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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3403 Lakeshore Drive: Sylvan Lake Detached for sale : MLS®# A2217241
3403 Lakeshore Drive Sylvan Lake T4S 1B3
$1,349,000Residential- Status:
- Active
- MLS® Num:
- A2217241
- Bedrooms:
- 4
- Bathrooms:
- 3
- Floor Area:
- 2,982 sq. ft.
Absolutely breathtaking inside and out! This exquisite home offers unobstructed views to the shimmering lake just across the street from multiple vantage points– bringing natural beauty and tranquility to your doorstep. Impeccably redesigned in 2009 right down to the studs with unmatched attention to detail, this residence is the epitome of luxury living. Step inside to find perfection in every corner, from the high-end finishes to the flawless layout that maximizes light and views. Large main floor entrance invites you to discover all the beauty of this amazing home. This level offers a great sized, bright home office/flex room, spacious media room with built in cabinets and access to sunroom facing the lake/parklike yard, complete with gas fireplace and vinyl windows, a cozy place to enjoy lake life. There are 2 bedrooms on this level, a 3pc bathroom and access to single attached garage (in floor heat, epoxy flooring) The upper level showcases pristine craftsmanship, from the elegant living room facing the lake, to the chef’s kitchen – featuring cherry-glazed cabinetry, stainless appliances, sit up eating island, granite countertops, and again, views to the lake. A fireplace, a large dining room and access to upper decks, one facing the lake, the other on the west side (very private, both with duradeck floors) complete the kitchen/dining area. Entertaining made easy. The laundry room is so fantastic, it can be used for extra kitchen space. Loaded with cabinets, workspace and built-in pull-out ironing board and laundry basket. Primary bedroom offers 5pc ensuite, heated jet tub, in floor heat in ensuite and plenty of closet space. There is also one more bedroom and a 3 pc bathroom. Oak flooring throughout much of this level. Professionally landscaped grounds create a private oasis that’s as stunning as the interior. Whether you’re relaxing on the patio, entertaining guest, or simply enjoying the view – this home offers a lifestyle of comfort, elegance, and serenity that is truly one of a kind. Detached double garage too! And this garage is exceptional in every detail. This home is a rare gem that combines a luxurious lifestyle and endless breathtaking surroundings. Perfection is truly an understatement. More detailsListed by RE/MAX real estate central alberta- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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39031 Range Road 12: Sylvan Lake Commercial Land for sale : MLS®# A2222096
39031 Range Road 12 Sylvan Lake T4S 1X6
$1,558,000Land- Status:
- Active
- MLS® Num:
- A2222096
Exceptional opportunity to acquire 125.54 acres of future development land located within the Town of Sylvan Lake’s North East Area Structure Plan. This prime holding property is currently zoned Future Designation (FD) and positioned for long-term residential and highway commercial expansion. Situated just minutes from town amenities, Highway 11A, and Highway 20, the site offers strategic access and strong growth potential. The parcel also features a well-maintained 1,412 sq. ft. bungalow, a 7,200 sq. ft. shop with cladded interior and overhead doors, and a partially completed 320 sq. ft. office structure. The site is clean and functional, with well and septic systems in place. With strong holding value, versatile utility, and prime positioning in one of Central Alberta’s fastest-growing markets, this property checks all the boxes. More detailsListed by eXp Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
Data was last updated August 8, 2025 at 12:05 AM (UTC)
