Diane Richardson

Cell: 403-397-3706 |

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.

Contact Diane Richardson

Phone: 403.397.3706
Email: diane@mypadcalgary.com

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Find Your Perfect Home in Calgary: 3 to 8 Bedroom Homes


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

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5 Bedroom Homes for sale in SE Calgary

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  • 72 Fonda Crescent SE in Calgary: Forest Heights Semi Detached (Half Duplex) for sale : MLS®# A2236681

    72 Fonda Crescent SE Forest Heights Calgary T2A 5S6
    Main Photo: 72 Fonda Crescent SE in Calgary: Forest Heights Semi Detached (Half Duplex) for sale : MLS®# A2236681
    $380,000
    Residential
    Status:
    Active
    MLS® Num:
    A2236681
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    920 sq. ft.
    Great Investment! or live with renting down. 3 bedroom, kitchen and full bathroom on main floor. There are 2 bedroom and kitchen one full bathroom, in the basement illegal suite. Close to shopping, school. More details
    Listed by Skyrock
    DIANE RICHARDSON
  • 75 Woodglen Close SW in Calgary: Woodbine Detached for sale : MLS®# A2232602

    75 Woodglen Close SW Woodbine Calgary T2W 4M9
    Main Photo: 75 Woodglen Close SW in Calgary: Woodbine Detached for sale : MLS®# A2232602
    $480,000
    Residential
    Status:
    Active
    MLS® Num:
    A2232602
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,107 sq. ft.
    *OPEN HOUSE: Friday July 25, 4pm-6:30pm* Welcome to 75 Woodglen Close SW — a spacious and well-laid-out 5-bedroom bungalow tucked away on a quiet cul-de-sac in the desirable community of Woodbine. Situated on a generous corner lot, this home offers comfort, functionality, and opportunity for customization. The inviting main floor features a bright living room with a bay window, hardwood flooring, and a cozy wood-burning fireplace — perfect for relaxing evenings. The kitchen, while original, offers plenty of space and storage to bring your own design ideas to life. Also on the main level are three well-sized bedrooms, a full bathroom, and a convenient main floor washer and dryer setup. Downstairs, the finished basement offers a spacious family/recreation room, two additional bedrooms, a second full bathroom, and a roughed-in laundry room, ideal for guests or multi-generational living. While this home has great bones and an excellent layout, it does require renovations and some TLC, making it a fantastic opportunity for buyers looking to add value and make it their own. Outside, enjoy a fenced backyard perfect for family gatherings or quiet mornings on the back deck. The oversized detached single garage adds excellent storage or workshop space. Located near top-rated schools from Kindergarten to grade 12 (Woodbine Elementary, John Ware Middle School, Henry Wise Wood Highschool), parks, and Fish Creek Provincial Park, with easy access to shops, transit, and Stoney Trail. This is a great opportunity to own in a family-friendly neighborhood with strong community spirit. More details
    Listed by Century 21 Masters
    DIANE RICHARDSON
  • 1117 36 Street SE in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2244689

    1117 36 Street SE Albert Park/Radisson Heights Calgary T2A 1C1
    Main Photo: 1117 36 Street SE in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2244689
    $497,500
    Residential
    Status:
    Active
    MLS® Num:
    A2244689
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    999 sq. ft.
    RENOVATED HALF DUPLEX IN ALBERT PARK WITH TONS OF GREAT FEATURES - AMAZING STARTER HOME / INVESTMENT PROPERTY - 2 BEDROOM ILLEGAL SUITE WITH UPDATES - SEPARATE ENTRANCE - SEPARATE LAUNDRIES - BRAND NEW CONCRETE PARKING PAD IN THE REAR - BACK LANE ACCESS - NEW EXTERIOR PAINT AND SOME NEW WINDOWS - APPROXIMATELY 10 MINUTES TO DOWNTOWN CALGARY - EASY ACCESS TO ALL THE AMENITIES ON INTERNATIONAL AVENUE & THE LINE UP OF STORES IN MARLBOROUGH (ALONG 36 ST NE) - EASY ACCESS TO TRANSIT, SCHOOLS & PARKS - Offering 1800+ SQFT of luxurious living space with 5 bedrooms, 2 FULL baths and BRAND NEW CONCRETE PARKING PAD - The main level offers a spacious family room with a large window, kitchen with stainless steel appliances, dining, FULL bath and 3 bedrooms! The illegal suite in the basement has its own SEPARATE ENTRANCE and features a rec/living room, kitchen with updated appliances and updated cabinetry, NEW FULL BATH and 2 well sized bedrooms! Some of the landscaping in the backyard has been refreshed with sod and newer fencing; the home also boasts NEW EXTERIOR PAINT. Another HIGHLIGHT OF THIS HOME IS THE LOCATION - close proximity to Downtown YYC, easy access to major roads such as International Ave (17 Ave SE), Memorial Drive and Deerfoot Trail; public transportation included! LOTS OF POTENTIAL WITH THIS HOME - LIVE UP & RENT DOWN OR USE IT AS AN INVESTMENT PROPERTY AND RENT OUT BOTH SPACES! Call your favourite realtor for a viewing today! More details
    Listed by Real Broker
    DIANE RICHARDSON
  • 183 Penbrooke Close SE in Calgary: Penbrooke Meadows Semi Detached (Half Duplex) for sale : MLS®# A2220335

    183 Penbrooke Close SE Penbrooke Meadows Calgary T2A 3N9
    Main Photo: 183 Penbrooke Close SE in Calgary: Penbrooke Meadows Semi Detached (Half Duplex) for sale : MLS®# A2220335
    $499,000
    Residential
    Status:
    Active
    MLS® Num:
    A2220335
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    999 sq. ft.
    Investors and First time home Buyers Alert! This spacious half duplex boasts 5 generously sized bedrooms and 2 full bathrooms. Offering exceptional value and income potential. With a well thought out layout that easily accommodates large families or tenants, this property is an ideal addition to any portfolio. The upper and lower levels provide flexible living arrangements. Situated in a desirable, well connected neighbourhood close to schools, public transport, parks, and shopping, this home is sure to be the perfect rental performer as well as great home to settle down in. Whether you are looking to live up and rent down, or have it as a full investment, DO NOT miss this rare opportunity to own a property with endless potential! More details
    Listed by Real Broker
    DIANE RICHARDSON
  • 39 Pensacola Close SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2238231

    39 Pensacola Close SE Penbrooke Meadows Calgary T2A 2K5
    Main Photo: 39 Pensacola Close SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2238231
    $499,000
    Residential
    Status:
    Active
    MLS® Num:
    A2238231
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,041 sq. ft.
    Welcome to this 3-level split home located in the heart of Penbrooke Meadows. This spacious property offers 5 bedrooms, 2 full bathrooms, and a double detached garage. The main floor features a bright, open-concept living room and kitchen area, perfect for entertaining and family gatherings. The kitchen was fully renovated in 2022 with modern quartz countertops, a stylish island, and stainless steel appliances. That same year, the home was further upgraded with new luxury vinyl plank flooring on the main level, a high-efficiency furnace, and a new hot water tank. Few steps from the living room, you'll find 3 bedrooms and a full bathroom on the upper level, with the laundry conveniently located beside the kitchen. The lower level includes 2 additional bedrooms, a full bathroom, and a second kitchen area. Large windows in the basement bedrooms provide ample natural light. The fully fenced great size backyard offers privacy and access to the double car garage, making this home ideal for growing families. This home is perfectly situated with great access to schools, just a 3-minute drive to Penbrooke Meadows School and St. Peter Elementary School, and about 6 minutes to Forest Lawn High School. Nature lovers will enjoy a short 10-minute walk to Elliston Park , home of GlobalFest and one of Calgary's largest outdoor recreation spaces. Shopping is incredibly convenient, you're only minutes from Marlborough Mall and T&T Supermarket, and just a short drive to East Hills Shopping Centre where you'll find Costco, Walmart, Cineplex, and many more retail options. Commuting is a breeze with easy access to major roads including 52nd Street, 17th Avenue SE, Stoney Trail, and Deerfoot Trail. Whether you're a first-time buyer, a growing family, or an investor, this property offers excellent value and unbeatable location. More details
    Listed by Keller Williams BOLD Realty
    DIANE RICHARDSON
  • 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804

    632 55 Street SE Penbrooke Meadows Calgary T2A 3R6
    Main Photo: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2242804
    Bedrooms:
    7
    Bathrooms:
    3
    Floor Area:
    1,188 sq. ft.
    Investor Alert & Family Gem – Live In, Rent Out, or Flip! At $500,000, this home offers strong value compared to renovated homes in Penbrooke Meadows that have recently sold for around $650,000. Welcome to 632 55 St SE—a spacious 7-bedroom home offering exceptional income potential and redevelopment upside. Whether you're looking to build long-term wealth through rental cash flow or flip and resell for high profit, this is the kind of opportunity investors dream of. The main floor features a bright, open-concept layout with 3 bedrooms and 2 full bathrooms—ideal for family living or attracting quality tenants. Large windows let the sunlight pour in, creating a warm, inviting space that flows effortlessly from room to room. The fully finished basement includes a 3-bedroom illegal suite with a separate entrance, previously rented for $1,800/month—a proven income generator. The converted garage adds even more value as a 7th bedroom with a private entrance, also previously rented for $800/month. Prefer a garage instead? It can easily be converted back to a single attached garage. While many major upgrades have already been taken care of, a little TLC will go a long way—perfect for those looking to add value and boost returns. Recent Upgrades Include: Electrical wiring upgraded to Copper (City-inspected and approved), New electrical meter (City-inspected and approved), All new LED lighting throughout, Six windows replaced in the last 1–2 years, Ceramic & luxury vinyl plank flooring (installed approx. 1–2 years ago), Roof replaced approx. 4–5 years ago. Zoned R-CG = Even More Potential!! This highly flexible zoning allows for future development, legal suites, or increased density—ideal for forward-thinking investors. The sunny yard, mature trees, and Back Lane Access provide space to Build a Brand-New Double Detached Garage to further boost property value. Prime Location Situated close to schools, parks, shopping (Penbrooke Plaza), and offering fast access to 17th Ave, Memorial Drive, Stoney Trail, and Deerfoot Trail, this home is perfectly positioned to attract reliable tenants and maximize rental demand. Highlights: 7 total bedrooms, Fully separate basement suite, Converted garage = bonus income or easy garage conversion, Updated major systems: electrical, roof, flooring, windows, Zoned R-CG for redevelopment and expansion, Proven rental income + strong cash flow potential, Perfect for flipping or long-term holding. Whether you want to cash flow from day one, renovate and resell, or redevelop for greater upside, this property has the bones, location, and numbers to make it work. Don’t wait—book your private showing today and unlock the potential of 632 55 St SE! More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 5435 Valentine Crescent SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2243198

    5435 Valentine Crescent SE Penbrooke Meadows Calgary T2A 2K8
    Main Photo: 5435 Valentine Crescent SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2243198
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2243198
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,084 sq. ft.
    Welcome to Valentine Crescent - one of the most pristine "pride of ownership" streets in Penbrooke Meadows! Offered for the first time on the market in decades, this perfect example of a solid mid-century bungalow has so much to offer its new owners including an illegal SUITE in the basement. Situated on a large rectangular lot offering both a beautiful front and back yard, the upper level of this charming home features original red oak hardwood floors, a renovated bathroom, 3 full bedrooms and a suite of stainless steel appliances in the kitchen. Below, and accessed by a SEPARATE ENTRANCE from the rear/backyard door, a SECOND FULL KITCHEN is found (including dishwasher!), along with two more spacious bedrooms and a large living room in between. Note that NEW Washer and Dryer have just been installed. Live up and rent below, or this could be an ideal set up for other family members looking to downsize and share living costs. The massive SUNNY SOUTH facing backyard not only has plenty of room to enjoy everything Calgary’s weather has to offer, but you’ll also find a mechanic’s dream garage! This HEATED 26x24 oversized double car garage is the perfect spot to safely park your rides or work on those projects. A large parking area right next to it is ideal for additional vehicles or even an RV or boat. Located only steps away from the many shops and restaurants of 17th/International Ave, and walking distance to schools and even beautiful Elliston Park, you’ll love being able to watch the yearly fireworks of GlobalFest so close to home! This home will NOT last so be sure to visit as soon as you can! More details
    Listed by Stonemere Real Estate Solutions
    DIANE RICHARDSON
  • 24 Dovely Way SE in Calgary: Dover Detached for sale : MLS®# A2240897

    24 Dovely Way SE Dover Calgary T2B 2K8
    Main Photo: 24 Dovely Way SE in Calgary: Dover Detached for sale : MLS®# A2240897
    $515,000
    Residential
    Status:
    Active
    MLS® Num:
    A2240897
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,011 sq. ft.
    Great inner city location, next to parks/schools, 10m to downtown this bungalow features: a good sized lot, a massive 26x26 garage, separate entrance to illegal suite and updates - this Bungalow makes for the perfect place to call home. Pulling up, youll notice a quaint tree lined quiet street adjacent to a park for your leisure. The property has a storybook look to the front of it, with a landscaped lot. Inside, youll find a functional floorplan with a modern touch. The living space, dining and kitchen connect seamlessly creating a great place to gather with family and friends without being disconnected from each other while cooking. Youll notice large all new windows across the home letting in tons of natural sunlight leaving the place feel bright and inviting. The kitchen features new gold hardware, painted white cabinets and two tone cabinets with a sink overlooking the yard - making a great place for crafting home cooked meals. The upper level is complete with 3 bedrooms, and a full bath thats been updated. Head downstairs, where there is a separate entrance to an illegal 2 bed suite. The basement offers a large rec room, 2 bedrooms and full bath with shower/bath combo. The backyard offers a peaceful atmosphere with mature trees, tree lined lot, private space, alley access, patio and a huge 26x26 garage that has attic space. Recent Updates include: New windows, new floor, painted kitchen, hardware, roof on home, furnace & more. With an idyllic location, with huge upside potential in future due to inner city proximity and already many new redevelopment in the area this makes a great place to call your next home (along with great neighbours!). Book your viewing today - before it's gone. More details
    Listed by RE/MAX Real Estate (Mountain View)
    DIANE RICHARDSON
  • 2602 44 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2239922

    2602 44 Street SE Forest Lawn Calgary T2B 1J6
    Main Photo: 2602 44 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2239922
    $515,000
    Residential
    Status:
    Active
    MLS® Num:
    A2239922
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    984 sq. ft.
    Looking for a new home and or investment property, please check out this brand new listing that just hit the market. It has had many upgrades and yes a brand new roof has just happened. This home features a large living room and a huge kitchen and three spacious bedrooms on the main floor plus a 4 piece bath, tile floors in the kitchen and hardwood floors through out. The kitchen cabinets and counter tops have been upgraded as have the windows. The lower level features a illegal two bedroom suite, three piece bathroom, upgraded HE furnace and upgraded electrical panel and a shared laundry room. The illegal suite has a large living room and quite a large bedroom plus a full kitchen and good appliances. The second bedroom is being used as a office . The previous tenants have just moved out and so the house has had a complete overhaul, deep cleaning, fresh paint, etc. totally move min ready .The lot is huge, 5875 square feet, perfect for redevelopment in the future. Forest Lawn is being rediscovered as a good investment area and as a place to find a truly affordable home to live in and enjoy the many amenities that are nearby, schools galore, parks, shopping and restaurants, very good transit service and quite close into downtown plus Chestermere Lake recreation area is very close by . PLease come and have a look. Very quick possession possible. More details
    Listed by Calgary West Realty
    DIANE RICHARDSON
  • 6259 Penedo Way SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2241054

    6259 Penedo Way SE Penbrooke Meadows Calgary T2A 3N2
    Main Photo: 6259 Penedo Way SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2241054
    $529,900
    Residential
    Status:
    Active
    MLS® Num:
    A2241054
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,017 sq. ft.
    Welcome to 6259 Penedo Way SE – A Perfect Investment or Family Home! This spacious and well-maintained bungalow offers 4 bedrooms + 1 den, 2 full bathrooms, and a separate entrance to a fully developed illegal basement suite—ideal for multi-generational living or potential rental income. The main level features a bright and functional layout with a large living room, dining area, and a well-appointed kitchen. You’ll also find 3 good-sized bedrooms and a full 4-piece bathroom. The basement includes a second kitchen, large rec room, 1 bedroom plus a den (could be used as a 5th bedroom or office), and a full bath—providing great flexibility and privacy. A double detached garage and a fully fenced yard complete this property, located in the established and family-friendly community of Penbrooke Meadows. Conveniently close to schools, parks, shopping, and public transit. Ideal for first-time buyers, investors, or those looking for a mortgage helper! More details
    Listed by Real Broker
    DIANE RICHARDSON
  • 83 Deerview Way SE in Calgary: Deer Ridge Semi Detached (Half Duplex) for sale : MLS®# A2239214

    83 Deerview Way SE Deer Ridge Calgary T2J 6B4
    Main Photo: 83 Deerview Way SE in Calgary: Deer Ridge Semi Detached (Half Duplex) for sale : MLS®# A2239214
    $529,900
    Residential
    Status:
    Active
    MLS® Num:
    A2239214
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,008 sq. ft.
    **Welcome to Your Next Chapter in Deer Ridge** Step into a home that feels just right. Nestled in the heart of the family-friendly Deer Ridge community, this beautifully renovated 5-bedroom, 2-bathroom duplex blends comfort, modern upgrades, and an unbeatable location. From the moment you walk in, you’re welcomed by warm natural light, an open-concept layout, and thoughtful touches that make everyday living a joy. The main floor offers a bright, spacious living room, an inviting dining area, and a stylishly updated kitchen—perfect for hosting friends or enjoying quiet family dinners. Three generously sized bedrooms and a modern full bath complete this level. Downstairs, the fully developed basement expands your living space with a cozy family room, another renovated bedroom, and a second full bathroom. There’s even a fifth bedroom—currently used for storage—that’s ready for finishing touches. A dedicated laundry area, mechanical room, and plenty of extra storage ensure everything has its place. Step outside to a sun-soaked retreat with a large paved patio, ideal for weekend BBQs, morning coffee, or watching the sunset after a long day. There’s tons of room to play, garden, or even build a garage if you choose. Alley access makes that easy. And if you need parking, the yard was once a parking pad and could be converted back. But it’s not just about the home—it’s the lifestyle. Just across the street, you’ll find a school field and an outdoor skating rink. And you're only a 10-minute stroll from the breathtaking trails and river views of Fish Creek Park—your nature escape right in the city. Whether you're raising a family or investing in a thriving Calgary community, this home checks all the boxes. **Come see it for yourself. This one feels like home.** More details
    Listed by Real Broker
    DIANE RICHARDSON
  • 2008 41 Street SE in Calgary: Forest Lawn Semi Detached (Half Duplex) for sale : MLS®# A2207997

    2008 41 Street SE Forest Lawn Calgary T2B 1C6
    Main Photo: 2008 41 Street SE in Calgary: Forest Lawn Semi Detached (Half Duplex) for sale : MLS®# A2207997
    $534,500
    Residential
    Status:
    Active
    MLS® Num:
    A2207997
    Bedrooms:
    5
    Bathrooms:
    3
    Floor Area:
    1,140 sq. ft.
    This half duplex is fully renovated /remodled a year ago . It has new furnaces , hot water Tank , all electric , new roof , new appliances with legal suite bylaws built up illegal suite . The illegal suite is rented out which will be big time mortgage helper with own independent entry and privacy . The community is getting vibrant with all around new construction projects going on for rental units potential . The property is close to all amenities like bus route , no frills , KFC and many more close to International Avenue and 10 minutes drive to down town to join a work force and enjoy the down town life . Do not miss to occupy to merge in a vibrant community with mortgage helper independent illegal bigger suite . The 2006-41 Street SE is not listed but buyer can buy that too to hold full plex property and can split titles into 4 to enhence the value. The seller can guide about it . More details
    Listed by Save Max Real Estate Inc.
    DIANE RICHARDSON
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