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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DOWNEY RIDGE HOMES FOR SALE OKOTOKS

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  • 203 Welch Place: Okotoks Detached for sale : MLS®# A2242329

    203 Welch Place Okotoks Okotoks T1S 1H4
    Main Photo: 203 Welch Place: Okotoks Detached for sale : MLS®# A2242329
    $579,900
    Residential
    Status:
    Active
    MLS® Num:
    A2242329
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    1,708 sq. ft.
    **OPEN HOUSE SUNDAY, AUGUST 10th 1-3pm** Welcome to this warm and inviting home, tucked away on a quiet, family-friendly cul-de-sac in north Okotoks—perfectly situated for an easy commute to Calgary and just minutes from schools, parks, shopping, and the rec centre. Brimming with charm and character, this spacious home features vaulted ceilings and hardwood floors throughout the main and upper levels. The main floor offers a fantastic floor plan with a large living room, a formal dining room which is perfect for hosting family and friends and a well-appointed kitchen with beautiful bay window, updated stainless steel appliances, ample cabinetry, and generous counter space. Step out onto your private, west facing deck and enjoy cozy evenings by the firepit. You'll also find extra storage tucked under the deck. Back inside, you'll also find a welcoming family room with a wood-burning fireplace, a versatile bedroom perfect for a home office, a 2-piece bathroom, and a convenient laundry room. Upstairs, the primary bedroom offers a peaceful retreat with its own 3-piece ensuite and abundant closet space, along with two additional bedrooms to accommodate family or guests. The fully developed walkout basement is currently set up as the perfect space for a college student or mother-in-law, complete with a kitchenette, living area, bedroom, and full 4-piece bath. This home has seen numerous thoughtful updates: all Poly-B plumbing and windows have been professionally replaced, the fridge and dishwasher are new, and the hot water tank, A/C unit, and washer/dryer have all been updated in recent years. The furnace was replaced in 2012. This one truly checks all the boxes for comfort, functionality, and location. Check out the tour for a virtual walk through of this amazing home! More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 109 Downey Place: Okotoks Detached for sale : MLS®# A2240734

    109 Downey Place Okotoks Okotoks T1S 1H3
    Main Photo: 109 Downey Place: Okotoks Detached for sale : MLS®# A2240734
    $607,900
    Residential
    Status:
    Active
    MLS® Num:
    A2240734
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,822 sq. ft.
    Virtual Walkthrough! Ideally situated on a quiet outer corner of a cul-de-sac just steps from the Recreation Centre and within easy walking distance to schools, parks, and shopping. This home offers unmatched convenience, income potential, and versatile living space for growing families or home-based professionals. Inside, the bright and airy main floor impresses with vaulted ceilings over the open-concept huge kitchen and living area, creating a warm and inviting atmosphere. The kitchen is spacious with double oven, and direct access to a private side deck—ideal for morning coffee or summer BBQs. Upstairs, the primary bedroom features a full ensuite including steam shower, complemented by two additional bedrooms and a 4-piece main bath. The lower two levels offer a separate entry walkout to backyard with 1 bedroom, 3-piece bathroom and living area, plus the basement with recreational room and wet bar, including cozy living area with fireplace. Laundry and plenty of storage. Plenty of space down here and currently using as another bedroom area. Step outside to a quiet backyard with mature trees for shade, a large deck, concrete patio, and gas line for BBQ—perfect for relaxing or entertaining with family and friends. Additional features include a double attached garage and ample storage throughout. Whether you're looking for flexibility, rental income, work-from-home potential, or simply room for your family to grow, this home delivers. More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 70 Downey Road: Okotoks Detached for sale : MLS®# A2240964

    70 Downey Road Okotoks Okotoks T1S 1H7
    Main Photo: 70 Downey Road: Okotoks Detached for sale : MLS®# A2240964
    $1,090,000
    Residential
    Status:
    Active
    MLS® Num:
    A2240964
    Bedrooms:
    5
    Bathrooms:
    6
    Floor Area:
    2,469 sq. ft.
    OPEN HOUSE SUNDAY AUGUST 17, 12-2PM**Perched on a coveted ridge in the Downey community, this 2468 sqft. bungalow offers panoramic views of the Town of Okotoks and the Rocky Mountains — plus rare income potential with 1 legal basement suite and 1 illegal basement suite. When you enter the main residence you'll step inside to a warm, expansive main floor featuring a spacious living room with a wood-burning fireplace and log lighter, a bright dining room, large kitchen with large centre island, ample cabinetry, a custom hand hammered copper hood vent, pot filler, trash compactor, garburator, skylight with motorized opener, and high-end appliances including the massive gas stove. There is an office space with a wood burning fireplace that leads out to a massive sunroom perfect for year-round enjoyment and great views. On the other end of the home is the 3 bedrooms, The primary suite boasts an electric fireplace with a stone feature wall, brand new carpet, an ensuite with dual vanity and walk in tiled shower, his and her closet and direct access to the deck through patio doors that fill the room with natural light. The other 2 bedrooms are appropriatley sized, and the full bathroom has been extensivley updated with free standing claw foot tub with stone accent wall, and large walk in shower - a must see to fully appreciate. The lower level features a large theatre room with an 88" TV, sound system, wet bar and wine cellar. Legal suite 1-Bedroom, 1 full bathroom: Private entrance, soundproofed, vinyl plank flooring, full kitchen, stacked laundry. Illegal suite 1-Bedroom, 1 full bathroom (currently tenanted): Private entrance, soundproofed, vinyl plank flooring, full kitchen, stacked laundry. The yard is a showstopper — fully landscaped with mature trees, gorgeous flower beds, underground sprinklers in both front and back, a tranquil trickling brook and a charming gazebo overlooking Okotoks. The large deck (resurfaced July 2025) features a pergola, intricate woodwork, gas lines for a BBQ and outdoor fireplaces, the side yard is equally impressive with stunning wood accents. The oversized, heated double attached garage has 2x 220V outlets, hot water taps, plus a freshly redone (July 2025) driveway along with ample street parking. There is no shortage of space, views, or income potential here. Walking distance to the Okotoks Recreation Centre, multiple elementary and junior high schools, and minutes from parks, pathways, and shopping. Easy 20-minute commute to Calgary.This is more than a home — it’s an investment in lifestyle and opportunity. More details
    Listed by RE/MAX iRealty Innovations
    DIANE RICHARDSON
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Data was last updated August 18, 2025 at 12:05 PM (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.