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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Get in Touch with Diane Richardson – Your Trusted Calgary Real Estate Professional

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Bungalows for sale in Lake Bonavista Calgary*

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  • 12235 Lake Fraser Way SE in Calgary: Lake Bonavista Detached for sale : MLS®# A2263546

    12235 Lake Fraser Way SE Lake Bonavista Calgary T2J 3T2
    Main Photo: 12235 Lake Fraser Way SE in Calgary: Lake Bonavista Detached for sale : MLS®# A2263546
    $875,000
    Residential
    Status:
    Active
    MLS® Num:
    A2263546
    Bedrooms:
    5
    Bathrooms:
    3
    Floor Area:
    1,404 sq. ft.
    Welcome to 12235 Lake Fraser Way SE, a beautifully updated Keith-built bungalow across from a quiet green space in Lake Bonavista. This 5-bedroom, 3-full-bathroom home blends timeless quality with modern details. The kitchen showcases custom cabinetry, granite countertops, Miele appliances, including an induction cooktop, double ovens with steam and convection functions, and a thoughtfully designed pull-out pantry. All new windows on the upper level - with the main windows upgraded to to triple-glazed, allowing tons of natural light throughout the day! The main level is finished in the classic Benjamin Moore "White Dove" palette, paired with modern light fixtures and a redesigned stone fireplace featuring a solid wood mantle, perfect for seasonal décor. You will feel comfortable all summer with central air conditioning and a reverse osmosis water system. Some of the major updates include full electrical rewiring to copper (2009), upgraded insulation to R40 (2009), roof replacement (2015), hot water tank (2017), to name a few. The fully developed basement offers a spacious family room with built-ins for your art, a wet bar, gas fireplace, and a hidden storage/ cold room for your Costco supply. The exterior includes an insulated garage, fenced yard, and a west-facing backyard ideal for evening sun. Lake access completes this exceptional family home! More details
    Listed by Royal LePage Benchmark
    DIANE RICHARDSON
  • 1040 Lake Ontario Drive SE in Calgary: Lake Bonavista Detached for sale : MLS®# A2255231

    1040 Lake Ontario Drive SE Lake Bonavista Calgary T2J 3K2
    Main Photo: 1040 Lake Ontario Drive SE in Calgary: Lake Bonavista Detached for sale : MLS®# A2255231
    $1,199,000
    Residential
    Status:
    Active
    MLS® Num:
    A2255231
    Bedrooms:
    6
    Bathrooms:
    4
    Floor Area:
    1,631 sq. ft.
    Are you looking for a Bungalow over 1600 square feet, just like NEW in the Mature neighbourhood like Lake Bonavista? Look no further!!! This BRAND NEW Renovated home offers you a complete Makeover home with brand new everything inside. This home boasts BRAND NEW Kitchen, Bathrooms, Engineered Hardwood floor, and a freshly poured concrete pad. Offering a total of 3 + 3 bedrooms, 4 full baths, this home showcases an open floor plan layout, quartz countertop finishes throughout, and a fully finished basement with a separate exterior entry. Featuring a second kitchen and a spacious living/dining area—ideal for large family living. The main level showcases engineered hardwood flooring throughout, adding elegance and warmth to the space. A stylish wood-accented feature wall greets you upon entry enhancing the modern aesthetic. The bright and inviting Living Room features an electric fireplace and an east-facing exposure, maximizing natural light throughout the day. Large window offers an open unobstructed view. The modern gourmet Kitchen is equipped with stainless steel appliances, a built-in oven, floor-to-ceiling soft-closing cabinetry, a large kitchen island with a breakfast bar and a pantry. A well-sized Dining Room includes a built-in shelf, adding both function and character to the space. The Primary Bedroom features an accented wall and a walk-in closet with closet organizers. The luxurious 6-piece ensuite bath includes a double vanity, a standing shower and a jetted tub. Two additional Bedrooms, a full Bathroom, and a main floor Laundry completes this level. The fully finished basement accessible through a separate exterior entry, boasts luxury vinyl plank flooring and a spacious Living/Dining Combo. The Basement Kitchen provides convenience for additional living arrangements, also featuring floor-to-ceiling soft-closing cabinetry for ample storage. The Basement has one Bedroom includes a 4-piece ensuite bath and a walk-in closet. Two additional good-sized Bedrooms, a Full Bathroom, and a second Laundry set complete this level. Outside, enjoy the insulated oversized double detached garage, a large deck, and a fully fenced landscaped backyard. Situated on a slight pie-shaped lot, this property boasts a generously sized backyard, spanning 68 feet at the back—offering exceptional outdoor space. This home has Lake access and all its exclusive amenities. This home is just a short drive to Bow River, Costco, Fish Creek Provincial Park, golf courses, Southcentre Mall, and the Farmers' Market. Enjoy the comfort of central air conditioning, making every season more enjoyable. This exceptional home offers both comfort and luxury finish —don’t miss out! More details
    Listed by Jessica Chan Real Estate & Management Inc.
    DIANE RICHARDSON
  • 13016 Lake Twintree Road SE in Calgary: Lake Bonavista Detached for sale : MLS®# A2272556

    13016 Lake Twintree Road SE Lake Bonavista Calgary T2J 2X3
    Main Photo: 13016 Lake Twintree Road SE in Calgary: Lake Bonavista Detached for sale : MLS®# A2272556
    $1,499,900
    Residential
    Status:
    Active
    MLS® Num:
    A2272556
    Bedrooms:
    5
    Bathrooms:
    3
    Floor Area:
    2,202 sq. ft.
    Welcome to an exclusive bungalow nestled in the prestigious community of Lake Bonavista. Boasting over 3400 SQ FT of living space and a front AND back double garage, this luxurious residence is within walking distance to the lake, local schools, shopping and Fish Creek Park nearby. As you enter, soaring vaulted ceilings greet you and run through the living room with gorgeous fireplace to the contemporary loft space. The custom kitchen boasts real wood cabinetry, dovetail drawers, premium quartz counters, a massive island and is flanked by a flex space and a butler pantry. A glass-enclosed wine feature and dinette cabinetry sit just off the dining room which opens out to a bbq area and backyard. The main bathroom exudes elegance, with a custom dual vanity, in-floor heated marble tile, and sits perfectly beside two bedrooms that boast a unique loft space that could be developed to multiple future uses. The primary suite offers a spacious layout, a large walk-in closet, and a luxurious ensuite with a freestanding soaker tub, marble tile, custom double vanity, and a dual shower framed by an exotic backlit illuminated quartz. The basement is an entertainer’s dream with a living room, wet bar, bathroom with walk-in shower, flex room, and two additional bedrooms. The front and backyards await your touch and are ready to take advantage of the supplied personalized landscaping package. Meticulously renovated down to the studs, this home features upgraded insulation, new electrical and plumbing, smart switches, engineered hardwood, and all new doors, trim, and paint. No expense has been spared in creating this luxurious masterpiece, don't miss your chance to make it yours! More details
    Listed by Real Estate Professionals Inc.
    DIANE RICHARDSON
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Data was last updated December 9, 2025 at 08:05 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.