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

Looking to chat about a property or have questions about buying or selling in Calgary? Diane Richardson is ready to help! Friendly, knowledgeable, and responsive—Diane is committed to making your real estate experience smooth and enjoyable.

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CALGARY $500,000 NEW LISTINGS

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  • 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266

    4904 22 Avenue NW Montgomery Calgary T3B 0Y7
    Main Photo: 4904 22 Avenue NW in Calgary: Montgomery Detached for sale : MLS®# A2234266
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2234266
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    769 sq. ft.
    Double the Potential – Two Side-by-Side Lots can be Sold Together! This is a rare redevelopment opportunity you won’t want to miss—two adjacent properties being sold as one parcel, offering nearly 200 feet of combined frontage and over 9700 sq' of combined building area in a highly desirable inner-city location. These lots can be purchased together, making this a unique chance to secure a substantial footprint in one of Calgary’s most sought-after infill communities. With both the front and rear of the combined parcel facing main roads, the layout offers incredible flexibility for future planning. Located on an elevated street that already showcases many impressive new builds, this site is positioned to take full advantage of the surrounding views and long-term value. Prefer to hold for now? Each property is currently home to a well-maintained residence, featuring newer furnaces, hot water tanks, and roofs—ideal for minimizing unexpected costs. Plus, exceptional existing tenants are happy to stay, allowing for strong, steady rental income while you plan your next move. Opportunities like this don’t come around often. Secure your place in this thriving redevelopment pocket today! More details
    Listed by LPT Realty
    DIANE RICHARDSON
  • 1 1619 4 Street NW in Calgary: Rosedale Row/Townhouse for sale : MLS®# A2244332

    1 1619 4 Street NW Rosedale Calgary T2M 2Z1
    Main Photo: 1 1619 4 Street NW in Calgary: Rosedale Row/Townhouse for sale : MLS®# A2244332
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2244332
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,482 sq. ft.
    **OPEN HOUSE SUNDAY AUGUST 3, 1PM-3PM** Nestled in the vibrant community of Rosedale, this beautiful 3-story attached townhome offers the perfect blend of urban convenience and modern comfort. Imagine living just a short walk distance from downtown, where shops, restaurants, and amenities cater to professionals, families, and investors alike. With public transit right outside your door and SAIT within walking distance, everything you need is at your fingertips. Inside, you will find 1,482 sq ft of thoughtfully designed living space, recently painted, featuring newer carpets (less than a year old) and Central Air Conditioning. The home is filled with elegant touches, including maple hardwood floors, a cozy gas fireplace, and plush carpeting, creating a warm and inviting atmosphere. The open concept main floor is perfect for entertaining, with a sleek kitchen that boasts glass front cabinets and stainless-steel appliances. Upstairs, two spacious bedrooms each with walk-in closets that provide plenty of storage, while the primary ensuite adds a touch of luxury. The 3rd floor loft is a versatile space, ideal for a home office, family room, or even a third bedroom, while the unfinished basement presents endless possibilities whether you envision a gym, or additional living area. Outside, a detached single car garage and extra parking spot add practicality to this already impressive home. Move-in ready and perfectly positioned, this property won’t last long schedule a viewing today and see for yourself why this could be your dream home! More details
    Listed by RE/MAX iRealty Innovations
    DIANE RICHARDSON
  • 60 Dover Meadow Close SE in Calgary: Dover Detached for sale : MLS®# A2239277

    60 Dover Meadow Close SE Dover Calgary T2B 2E2
    Main Photo: 60 Dover Meadow Close SE in Calgary: Dover Detached for sale : MLS®# A2239277
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2239277
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    966 sq. ft.
    Discover this well-maintained single-family home perfectly located near schools, parks, and all the essentials for family living. With a thoughtful layout and inviting atmosphere, this home offers comfort, space, and convenience. Inside, you'll find 2 bedrooms on the main floor and 2 additional bedrooms in the fully finished basement—ideal for growing families, guests, or a home office setup. The living spaces are warm and welcoming, perfect for both everyday living and entertaining. Step outside to your own backyard haven—an ideal space for relaxing, gardening, or hosting summer get-togethers. Whether you're looking for a quiet retreat or a place for kids to play, this outdoor space has it all. A double garage adds extra value, providing ample room for vehicles, storage, or workshop space. This home truly combines functionality with lifestyle in a family-friendly neighborhood. Don't miss your chance to own this wonderful home in a prime location—schedule your showing today! More details
    Listed by TREC The Real Estate Company
    DIANE RICHARDSON
  • 1243 2330 Fish Creek Boulevard SW in Calgary: Evergreen Apartment for sale : MLS®# A2238692

    1243 2330 Fish Creek Boulevard SW Evergreen Calgary T2Y 0L1
    Main Photo: 1243 2330 Fish Creek Boulevard SW in Calgary: Evergreen Apartment for sale : MLS®# A2238692
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2238692
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    854 sq. ft.
    Truly an investment in both lifestyle and real estate! This award-winning, resort style, 40+ complex must be seen to be appreciated! One bedroom + den, 854 sq ft condo is on the 2nd floor, conveniently located to both the front door entry and around the corner from the elevator leading to your titled underground, heated parking stall P2-66 (with attached closed-in storage room). Bright and open floor plan with 9’ ceilings and the sunny south exposure bring in an abundance of natural light. Spacious kitchen with corner pantry, black Quartz counters and plenty of cabinets. The adjacent dining space can accommodate a full-size dining suite and flows into the living room which has a cozy electric fireplace and direct access to the balcony and gas BBQ. Enjoy the warmth of the south exposure on the balcony and step back inside to your fully air conditioned condo. Primary bedroom, 4 piece bathroom, spacious den, in-suite laundry and additional storage complete the living space. There is also a guest suite 2 doors away from this unit (#1241) for you to reserve for your out-of-town company! The amenities are possibly the best in the city! Indoor pool, hot tub, steam room, fully equipped gym, movie theatre (with weekly movies), games room (darts, ping pong, air hockey, pinball, bowling). There is a stunning wine room where you can bottle your own wine! Workshop, crafts room, library, billiards, plus the “Sanderson Room” event space with a fully stocked kitchen you can book for family events or enjoy weekly happy hours. Full time property manager and maintenance on site 5 days/week. Low monthly condo fees, including ALL utilities! Beautifully maintained and managed - condo living at its best! Sanderson Ridge overlooks one of Calgary’s nicest natural areas, Fish Creek Provincial Park – walk, hike, bike the miles of trails. Minutes to all other amenities, including the new TAZA shopping area with Costco, shops and restaurants. A great place to call home! Pick your possession and move right in. More details
    Listed by The Home Hunters Real Estate Group Ltd.
    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
  • 908 1121 6 Avenue SW in Calgary: Downtown West End Apartment for sale : MLS®# A2209499

    908 1121 6 Avenue SW Downtown West End Calgary T2P 5J4
    Main Photo: 908 1121 6 Avenue SW in Calgary: Downtown West End Apartment for sale : MLS®# A2209499
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2209499
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,385 sq. ft.
    RARE FIND! READY TO MOVE IN ONE OF A KIND URBAN LIVING DOWNTOWN WEST END! 3 BEDROOM, 2 FULL BATHROOM, 1384 SQ FT CONDO UNIT w/ 2 TITLED HEATED PARKING SPOTS, and 2 WEST FACING BALCONIES WITH 180 DEGREE UNOBSTRUCTED MOUNTAIN & BOW RIVER VIEWS. This impeccable unit will impress you with features such as ceramic tile flooring, updated bathrooms, modern kitchen design with granite countertops, knock-down ceilings, and NEW PAINT (all walls, doors, trims & fireplace mantle). Stepping inside, you will notice the meticulously maintained interior with upgraded ceramic tile flooring and fresh paint throughout. The open concept layout seamlessly connects the foyer, kitchen, eating area, dining room and living room, creating the perfect space for gathering with family or friends and everyday living. The gourmet kitchen features stainless steel appliances, modern cabinets offering ample storage and granite countertops with an eating area. The cozy living room features a gas fireplace, with a patio door leading out to your WEST facing balcony and a gas line for your outdoor BBQ needs. The primary bedroom features a double closet and an updated 6-piece ENSUITE bathroom. There are 2 additional bedrooms providing versatility, whether it be for family, guests, a home office, or hobby space, finishing off the unit you will discover the 4-piece bathroom with a new toilet and faucet. This unit comes with the convenience of IN-UNIT LAUNDRY, good sized in-unit storage room, 2 heated underground titled parking spots. This well maintained building comes with 2 elevators and plenty of visitor parking, with on-site security/concierge services, party/games rooms (ping pong & pool table) and a private gym. Excellent location that is minutes walking distance to Kerby LRT station, shops, restaurants, downtown and close to Bow River + pathways. Easy access to Bow Trail, Crowchild and Memorial Drive. Don't miss this fantastic opportunity, be the first to view this amazing unit! Call for your private viewing today! More details
    Listed by RE/MAX Realty Professionals
    DIANE RICHARDSON
  • 56 Falmead Road NE in Calgary: Falconridge Detached for sale : MLS®# A2244446

    56 Falmead Road NE Falconridge Calgary T3J 1G8
    Main Photo: 56 Falmead Road NE in Calgary: Falconridge Detached for sale : MLS®# A2244446
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2244446
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    863 sq. ft.
    Investor Alert & First-Time Buyer Gem! Welcome to 56 Falmead Road NE — a beautifully renovated 4-bedroom bi-level home in the heart of Falconridge, one of Calgary’s most vibrant and family-friendly communities. Whether you're entering the market or expanding your portfolio, this turnkey property offers unbeatable value and versatility. The main level welcomes you with a bright, open-concept living space featuring knockdown ceilings, pot lights, and large windows that flood the home with natural light. The updated kitchen is a showstopper with quartz countertops, stainless steel appliances, and soft-close cabinetry — combining style and functionality for everyday living. Enjoy the convenience of main floor laundry and three generous bedrooms, including a primary suite with direct access to a two-tiered backyard deck — the perfect spot for morning coffee or evening unwinding. Downstairs, the illegal 1-bedroom suite has its own separate entrance and includes a full kitchen, private laundry, a comfortable living room, a well-sized bedroom with walk-in closet, and a full bathroom. Whether you’re accommodating extended family or looking for rental income potential, this thoughtfully designed lower level is a major bonus. Key upgrades include: New roof (2022) Newer furnace and hot water tank (2018) Updated fascia and finishes throughout The fully fenced backyard offers plenty of space for kids, pets, or weekend barbecues, with a large deck and a storage shed for added convenience. Centrally located near schools, parks, shopping, and transit, this home puts everything you need within easy reach. Don’t miss your chance to own a stylish, income-generating home in one of NE Calgary’s most accessible neighborhoods. Book your private showing today! More details
    Listed by eXp Realty
    DIANE RICHARDSON
  • 1620 Shelbourne Street SW in Calgary: Scarboro Residential Land for sale : MLS®# A2216890

    1620 Shelbourne Street SW Scarboro Calgary T3C 2L3
    Main Photo: 1620 Shelbourne Street SW in Calgary: Scarboro Residential Land for sale : MLS®# A2216890
    $500,000
    Land
    Status:
    Active
    MLS® Num:
    A2216890
    "ATTENTION DEVELOPERS & BUILDERS!! Prime corner lot in the highly sought-after inner-city community of Scarboro! This spacious lot, zoned RCG, is ideal for an infill project, with no demolition costs and immediate possession available. Measuring approximately 19.8 x 21.3 meters (corner cut), this location offers a rare opportunity to build a new home or multi-family unit just minutes from downtown Calgary. Enjoy the convenience of nearby amenities including top-rated schools, parks, shopping, dining, and excellent transit access. Don’t miss out—motivated sellers make this upscale neighborhood your next project site!" More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 2401 1111 10 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2241329

    2401 1111 10 Street SW Beltline Calgary T2R 1E3
    Main Photo: 2401 1111 10 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2241329
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2241329
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    950 sq. ft.
    Elevated living perched on the 24th floor and offering river and mountain views, this spacious 2 bed, 2 bath condo offers the best of a downtown lifestyle. A generous foyer blends into the functional kitchen area with recently updated appliances, flush top quartz counters, spacious pantry, gas cook top and convection oven. The large open living space offers versatile furniture layout options and the dining area flows out to the large balcony to enjoy west facing views. Two generous bedrooms are on opposite sides, with the primary boasting a large walk in closet and ensuite featuring marble counters, dual vanities and heated tile flooring. An excellent Titled parking stall and assigned storage compliment the unit. The building offers a great lifestyle with a 9-5 concierge, gym, steam room, owners lounge with billiard table, and a huge outdoor zen courtyard garden. Ideally located near grocery stores, transit, shopping and entertainment, this condo offers elevated downtown living and value! More details
    Listed by Sotheby's International Realty Canada
    DIANE RICHARDSON
  • 297 Mahogany Boulevard SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2236396

    297 Mahogany Boulevard SE Mahogany Calgary T3M 2G6
    Main Photo: 297 Mahogany Boulevard SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2236396
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2236396
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,805 sq. ft.
    2 MASTER BEDROOMS | 2 1/2 BATHROOMS | 3 STOREY | 1,805 SQFT OF LIVING SPACE | DOUBLE ATTACHED GARAGE | Welcome to this beautifully decorated and immaculately maintained home in the family friendly community of Mahogany. This home features central air conditioning, an abundance of storage space and upgraded lighting throughout. As you enter the home you will be impressed with the spacious living room with a large south facing window overlooking the the wetlands and allowing an abundance of natural light into the space. Just steps away, enjoy your dining room opening onto the kitchen with access to the balcony with natural gas hookup. The kitchen features quartz countertops, a convenient breakfast bar, brand new microwave hood fan and plenty of counter and cabinet space. Enjoy the convenience of the kitchen cupboard/pantry with an appliance service station and feature stationary barn doors. You will also enjoy the upgraded dual blinds with black out shades and 2-piece bathroom on the main level. As you head upstairs, you will be impressed with the convenient crawl space storage area just off the landing. Once on the upper level, you are welcomed to two stunning master bedrooms both equipped with their own ensuites and walk-in closets for convenience. Relax in the primary bedroom with 4-piece ensuite bathroom or enjoy the second bedroom with custom textured wallpaper throughout, adding an elegant touch to the room. Additionally, you will enjoy the convenient laundry room on the upper level. The lower level features an open are to use as an office, large storage room and mudroom for ease when entering from the double attached heated garage. Enjoy all that this home has to offer as well as the many amenities that Mahogany has to offer including lake access, beach club, and recreation facilities. The home is conveniently located across the street from an elementary school and playground. Don't miss out on the chance to live in this wonderful lake community and make this home yours today! More details
    Listed by RE/MAX First
    DIANE RICHARDSON
  • 18 Richelieu Court SW in Calgary: Lincoln Park Row/Townhouse for sale : MLS®# A2241126

    18 Richelieu Court SW Lincoln Park Calgary T3E 7E9
    Main Photo: 18 Richelieu Court SW in Calgary: Lincoln Park Row/Townhouse for sale : MLS®# A2241126
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2241126
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,314 sq. ft.
    Welcome to this beautifully maintained bungalow-style end unit townhome, thoughtfully designed for comfort and ease of living in the quiet, well-established community of Lincoln Park. Perfectly suited for 40+ buyers, this home is located in a well-managed complex that offers a peaceful setting with flexible living options and mountain views. With over 2,200 sq ft of living space, including 1,314 sq ft on the main level, this home prioritizes accessibility and convenience. The bright, open-concept living and dining area is bathed in natural light, creating a warm and inviting atmosphere. The galley-style kitchen features classic oak cabinetry, updated appliances, and a functional layout with ample prep and storage space—all within easy reach. Two generously sized bedrooms are located on the main floor, including a spacious primary suite with a private ensuite, offering a retreat-like feel. A second full bathroom and main-level laundry add to the convenience, eliminating the need for stairs in daily living. The fully finished basement extends your options with a third bedroom, a large rec room complete with a wet bar, another full bathroom, and a spacious storage room with built-in shelving and an extra fridge—perfect for hosting guests or accommodating extended family. Additional highlights include an attached double garage for easy access, a charming covered front porch, a fully finished walk out basement and low-maintenance landscaping, allowing you to enjoy your home without the hassle of upkeep. The complex is ideally located just minutes from Mount Royal University, shopping, transit, and green spaces, ensuring all your needs are close at hand. Whether you're downsizing, investing, or seeking a low-maintenance lifestyle in a quiet, age-friendly community, this home offers the perfect blend of comfort, accessibility, and flexibility. More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 68 Applebrook Circle SE in Calgary: Applewood Park Detached for sale : MLS®# A2242639

    68 Applebrook Circle SE Applewood Park Calgary T2A 7T2
    Main Photo: 68 Applebrook Circle SE in Calgary: Applewood Park Detached for sale : MLS®# A2242639
    $500,000
    Residential
    Status:
    Active
    MLS® Num:
    A2242639
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,274 sq. ft.
    **OPEN HOUSES - SAT Aug 2 & SUN Aug 3 12:00 pm - 3:00 pm** Move-in Ready in Abbeydale! This well-kept, vacant 2-storey home is tucked away on a quiet circle and offers great value with room to grow. Surrounded by mature trees in the front, you’ll love the large living room with hardwood floors and big windows that bring in tons of natural light. The rear kitchen is spacious and functional, complete with durable tile flooring, a stainless steel french-door fridge, and built-in cabinetry that flows into the dining area, perfect for family dinners or hosting friends. The dining room overlooks the sunny backyard, featuring a low-maintenance patio setup with garden beds ready for your summer plans. Upstairs, you’ll find 3 good sized bedrooms, all with hardwood floors and neutral paint. The finished basement offers even more space, with a large rec room, separate family room, full bathroom, and laundry. Updates include a new roof, new hot water tank, replaced Poly-B plumbing, and an oversized detached garage built in 2015 - a great spot for storage, hobbies, or a workshop. A solid home in an established neighbourhood with schools, parks, and easy access to major routes nearby. Quick possession is available, bring your furniture and move right in! More details
    Listed by eXp Realty
    DIANE RICHARDSON
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