Diane Richardson

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Affordable Calgary Homes for Sale Under $500,000 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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Phone: 403.397.3706
Email: diane@mypadcalgary.com

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Bungalows for sale in Elbow Park Calgary

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  • 1225 Riverdale Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2272388

    1225 Riverdale Avenue SW Elbow Park Calgary T2S 0Z1
    Main Photo: 1225 Riverdale Avenue SW in Calgary: Elbow Park Detached for sale : MLS®# A2272388
    $1,950,000
    Residential
    Status:
    Active
    MLS® Num:
    A2272388
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,884 sq. ft.
    One of the last remaining building opportunities on the coveted cul-de-sac block of Riverdale Avenue before Sandy Beach, this 63' x 125' south-backing lot offers an exceptional canvas for your future dream home. Surrounded by executive level residences, the property offers privacy and unmatched access to Calgary’s parks and pathways. Located just half a block from Sandy Beach and the Elbow River Pathway System, you’ll find yourself in the heart of Elbow Park, one of Calgary’s most desirable inner-city communities. Families will appreciate being only 600m from top-rated Elbow Park Elementary School and just 2km from the Glencoe Club—an easy, scenic stroll through beautifully tree-lined streets. Walkability and lifestyle are outstanding, with quick access to the boutiques, cafés, and restaurants along 4th Street and 17th Avenue, while remaining within walking distance of schools at all levels: this address sits within the highly sought-after Elbow Park Elementary, Rideau Park, and Western Canada High School catchment area. The existing home is a ~1884 sq. ft. bungalow featuring a 2+2 bedroom layout, a bright open kitchen, vaulted family room with rear yard access, and a primary bedroom with 3-piece ensuite. While the property is being marketed for its land value and redevelopment potential, the home includes a newer furnace and hot water tank and with a little TLC it could serve as a rental during the planning and design phase. This is a rare opportunity to secure a premier lot in one of Calgary’s most prestigious neighbourhoods, just steps from the river, pathways, parks, schools, and some of the cities finest amenities. Contact us for more information on this rare opportunity! More details
    Listed by RE/MAX First
    DIANE RICHARDSON
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Data was last updated January 14, 2026 at 04:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.