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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.

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Calgary homes for sale under $500,000-Calgary properties under $500KHidden Valley
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7304 Elbow Drive SW
Kingsland Calgary T2V 1K1

$425,000
Land

Main Photo: 7304 Elbow Drive SW in Calgary: Kingsland Residential Land for sale : MLS®# A2201107
Photo 1: 7304 Elbow Drive SW in Calgary: Kingsland Residential Land for sale : MLS®# A2201107
Photo 2: 7304 Elbow Drive SW in Calgary: Kingsland Residential Land for sale : MLS®# A2201107
Status:
Active
Prop. Type:
Land
MLS® Num:
A2201107
Exciting Investment Opportunity for Developers and Investors in the Kingsland Neighbourhood! Presenting a prime development opportunity with TWO lots combined for an impressive 65-ft x 122-ft of land, perfectly situated in the highly desirable Kingsland area! Whether you're looking to build single-family homes with the potential for basement suites (subject to city approval) to sell or embark on a larger-scale redevelopment project, this property is ready to bring your vision to life. Take advantage of the H-GO zoning, which allows for taller 12m townhomes, and even the possibility of stacked units. With city approval, you can create 8-10 Rental units in two separate buildings, each with its own garage, and basement suites may also be permitted. This opens the door to a variety of exciting redevelopment options, ideal for multi-family housing. In addition, CMHC MLI Select Multi-Family Financing is available, offering favorable mortgage rates, up to 50-year amortization, and extra incentives for purpose-built rentals (buyer to confirm details with CMHC). The property is ready for immediate development – demolition has already been completed, saving you both time and costs. This is an exceptional opportunity to get a head start on your next big project! Both 7302 & 7403 Elbow Drive SW must be included in the sale, so don’t miss out on this incredible chance to transform these lots into a lucrative investment! Contact us today to discuss the possibilities and make this property your next big project!
Property Type:
Land
Property Sub Type:
Residential Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Lot Area:
4,305 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Plan:
1712474
Ensuite:
No
Garage:
0
Kingsland
Fence
Underground Utility Right of Way
Title to Land:
Fee Simple
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone S
Zoning:
H-GO
Listed Date:
Mar 10, 2025
  • Photo 1: 7304 Elbow Drive SW in Calgary: Kingsland Residential Land for sale : MLS®# A2201107
    Photo 1 of 2
  • Photo 2: 7304 Elbow Drive SW in Calgary: Kingsland Residential Land for sale : MLS®# A2201107
    Photo 2 of 2
Larger map options:
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Listed by MaxWell Capital Realty
Data was last updated April 5, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
74
Avg list price:
$1,199,450
Min list price:
$425,000
Max list price:
$16,757,850
Avg days on market:
77
Min days on market:
1
Max days on market:
2,803
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
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DIANE RICHARDSON
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.
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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.