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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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Calgary homes for sale under $500,000-Calgary properties under $500KKingsland

Homes for sale in Olds, Alberta

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1-12/58

  • 4605 47 Avenue: Olds Residential Land for sale : MLS®# A2264573

    4605 47 Avenue Olds Olds T4H 1C7
    Main Photo: 4605 47 Avenue: Olds Residential Land for sale : MLS®# A2264573

    4605 47 Avenue Olds T4H 1C7 Olds

    $135,000
    Land
    Status:
    Active
    MLS® Num:
    A2264573
    Excellent opportunity to create your investment property! This spacious R2 residential lot is ready for development and ideally located just minutes from Olds College, making it perfect for students, staff, or rental potential. Nestled in a quiet, established neighborhood, the lot offers convenient access to schools, shopping, and all the amenities the town of Olds provides. Key features include suitability for a duplex or investment build, a peaceful residential setting, and full town services available. Don’t miss this chance to own land in a growing community—whether you’re a builder or investor, it’s an opportunity worth exploring! More details
    Listed by Royal LePage Wildrose Real Estate
    LISTING DETAILS
    DIANE RICHARDSON

  • B 10 Sierra Drive: Olds Row/Townhouse for sale : MLS®# A2264550

    B 10 Sierra Drive Olds Olds T4H 1X3
    Main Photo: B 10 Sierra Drive: Olds Row/Townhouse for sale : MLS®# A2264550

    B 10 Sierra Drive Olds T4H 1X3 Olds

    $189,000
    Residential
    Status:
    Active
    MLS® Num:
    A2264550
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    656 sq. ft.
    Tucked away as the back unit of a well-kept fourplex, this 3 bed, 2 bath cutie is the perfect blend of comfort and value. Low-maintenance living makes it ideal for first-time buyers, savvy investors, or anyone looking to downsize without compromising space. Affordable, practical, and ready to go — this hidden gem won’t stay hidden for long! More details
    Listed by Real Broker
    LISTING DETAILS
    DIANE RICHARDSON

  • A 12 Sierra Drive: Olds Row/Townhouse for sale : MLS®# A2230127

    A 12 Sierra Drive Olds Olds T4H 1X3
    Main Photo: A 12 Sierra Drive: Olds Row/Townhouse for sale : MLS®# A2230127

    A 12 Sierra Drive Olds T4H 1X3 Olds

    $189,000
    Residential
    Status:
    Active
    MLS® Num:
    A2230127
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    946 sq. ft.
    Not Your Average Unit, It’s Smarter & well Cuter. Welcome to the unicorn of real estate a super affordable, low-maintenance 3 bed / 2 bath unit in a cozy 4-plex — just minutes from the college! Whether you’re an investor hunting for easy rental income or a first-time buyer who’s tired of living with roommates who “borrow” your almond milk... this one’s for you. This three bedrooms could also be a office, gaming cave, or space for in-laws just tell me what your thinking. Also has 2 full 4-piece bathrooms because we know sharing one just isn’t a vibe. Set in a solid location with walkable convenience and rental potential that makes your spreadsheet smile, this place is basically your real estate glow-up. It Easy to own. Easier to love. Possibly the easiest “yes” you’ll make all year. So ill repeat myself again, Start that car, maybe bring a snack & lets talk about your next property. More details
    Listed by Real Broker
    LISTING DETAILS
    DIANE RICHARDSON

  • 5311 50 Avenue: Olds Commercial Land for sale : MLS®# A2255578

    5311 50 Avenue Olds Olds T4H 1P4
    Main Photo: 5311 50 Avenue: Olds Commercial Land for sale : MLS®# A2255578

    5311 50 Avenue Olds T4H 1P4 Olds

    $198,000
    Land
    Status:
    Active
    MLS® Num:
    A2255578
    Prime commercial lot in the heart of Uptowne Olds! This 82’ x 124’ parcel offers a fantastic opportunity for development with excellent visibility on a main street location. Situated near the Olds AG Society, schools, and a variety of local businesses, this lot is perfectly positioned to capture steady traffic. Olds is a vibrant and growing community of nearly 10,000 residents, conveniently located along Highway 2A and just 45 minutes north of Calgary. The town features a thriving retail sector with major anchors such as Walmart, Canadian Tire, and Staples, along with many local shops and services. Whether you’re looking to build for retail, office, or mixed-use, this C1-zoned property offers endless potential. More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS
    DIANE RICHARDSON

  • 14 Birch Close: Olds Detached for sale : MLS®# A2245381

    14 Birch Close Olds Olds T4H 1M2
    Main Photo: 14 Birch Close: Olds Detached for sale : MLS®# A2245381

    14 Birch Close Olds T4H 1M2 Olds

    $214,000
    Residential
    Status:
    Active
    MLS® Num:
    A2245381
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    954 sq. ft.
    YOU OWN THE LOT!! This fantastic opportunity offers true home ownership with no monthly lot fees, making it an ideal choice for first-time buyers, downsizers, or investors looking for value and long-term savings. Situated on a massive lot backing onto a beautiful green space, this property combines privacy, nature, and space—something rarely found at this price point. Step outside and enjoy the outdoors on your oversized deck, perfect for summer barbecues, morning coffee, or evening relaxation under the stars. The expansive yard offers endless possibilities—garden, play area, fire pit, or even space to build a garage(it will be the buyers responsibility to confirm the town of Olds will allow a garage to be built) or workshop. Inside, you'll find a bright and functional open-concept layout that makes the most of every square foot. The spacious living and dining areas flow seamlessly into the kitchen, creating a warm and inviting space ideal for everyday living and entertaining. With two comfortable bedrooms, there's room for a small family, guests, or a home office. This home is more than just a place to live—it's a smart investment in your future. With affordability, privacy, and a lot that you actually own, this property checks all the boxes. Don’t miss your chance to step into home ownership in a peaceful setting that feels like home the moment you arrive. More details
    Listed by Coldwell Banker Vision Realty
    LISTING DETAILS
    DIANE RICHARDSON

  • 4950 49 Avenue: Olds Commercial Land for sale : MLS®# A2240786

    4950 49 Avenue Olds Olds T4H 1E4
    Main Photo: 4950 49 Avenue: Olds Commercial Land for sale : MLS®# A2240786

    4950 49 Avenue Olds T4H 1E4 Olds

    $225,000
    Land
    Status:
    Active
    MLS® Num:
    A2240786
    Opportunity knocks in the heart of Uptowne Olds! This bare corner lot is perfectly positioned at the intersection of 49th Ave and 50th Street — one of the busiest routes in town, connecting Highway 2A and Olds College to the thriving downtown core. Zoned and ready for development, this highly accessible site is surrounded by popular storefronts, restaurants, banks, and essential services that draw daily traffic from both locals and surrounding rural communities. Whether you're looking to launch a new venture or expand your footprint, this location offers unbeatable visibility and convenience. Olds is a vibrant, growing community with the charm of a small town and the amenities of a regional hub. Home to Olds College, multiple schools, a hospital, professional offices, and a booming agricultural and industrial economy, this is a place where businesses thrive. Just minutes off the QEII Highway, Olds offers quick access to Red Deer and Calgary — ideal for commuters and business owners alike. Take a drive by and imagine the possibilities — this is a corner you won’t want to miss. More details
    Listed by Coldwell Banker Vision Realty
    LISTING DETAILS
    DIANE RICHARDSON

  • 201 4833 52 Street: Olds Row/Townhouse for sale : MLS®# A2261595

    201 4833 52 Street Olds Olds T4H 1G2
    Main Photo: 201 4833 52 Street: Olds Row/Townhouse for sale : MLS®# A2261595

    201 4833 52 Street Olds T4H 1G2 Olds

    $249,700
    Residential
    Status:
    Active
    MLS® Num:
    A2261595
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    587 sq. ft.
    Welcome to this inviting and well-kept 4-plex unit, offering a bright main floor with additional living space downstairs for added versatility. The main level features an open layout with a spacious kitchen, dining area, and living room—perfect for both everyday living and entertaining. A primary bedroom and a 4 pce bathroom complete this level. The lower level provides even more room to enjoy, with a family room, two additional bedrooms that offer flexible options for guests, family, or a home office and another 4 pce bathroom. This unit is move-in ready, clean, and well cared for, set in a quiet, well-maintained building. Whether you’re a first-time buyer or investor, this property offers excellent value and a practical layout to suit your lifestyle. More details
    Listed by Century 21 Bravo Realty
    LISTING DETAILS
    DIANE RICHARDSON

  • A 5029 48 Street: Olds Row/Townhouse for sale : MLS®# A2261923

    A 5029 48 Street Olds Olds T4H 1H3
    Main Photo: A 5029 48 Street: Olds Row/Townhouse for sale : MLS®# A2261923

    A 5029 48 Street Olds T4H 1H3 Olds

    $249,900
    Residential
    Status:
    Active
    MLS® Num:
    A2261923
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    569 sq. ft.
    This modern 2-bedroom condo offers comfort and convenience in a well-designed layout. The wide open-plan kitchen, living, and dining area is perfect for both everyday living and entertaining. Bright windows fill the space with natural light, highlighting the contemporary finishes and airy flow. Downstairs, you’ll find two spacious bedrooms with ample closet space and a full bathroom. The home also includes convenient in-suite laundry and designated parking. Located in a quiet 4-plex, this condo provides the feel of a private home with the ease of low-maintenance living. Close to schools, shopping, and parks, it’s the perfect option for first-time buyers, downsizers, or investors. More details
    Listed by REMAX ACA Realty
    LISTING DETAILS
    DIANE RICHARDSON

  • 202 5100 52 Street: Olds Apartment for sale : MLS®# A2262392

    202 5100 52 Street Olds Olds T4H 1Y1
    Main Photo: 202 5100 52 Street: Olds Apartment for sale : MLS®# A2262392

    202 5100 52 Street Olds T4H 1Y1 Olds

    $279,900
    Residential
    Status:
    Active
    MLS® Num:
    A2262392
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    831 sq. ft.
    Spectacular! This 55+, 2 bedroom & 2 bathroom, open concept, home has a bright south facing exposure and overlooks one of the Town's beautiful central parks. You will love the lifestyle where you can lock your door and go. Shopping and Post Office are located within easy walking distance, as is the Public Library and Evergreen Centre. You will also enjoy all the amenities that this building has to offer. Make this your next home. More details
    Listed by REMAX ACA Realty
    LISTING DETAILS
    DIANE RICHARDSON

  • 4 Birch Close: Olds Detached for sale : MLS®# A2257415

    4 Birch Close Olds Olds T4H 1M2
    Main Photo: 4 Birch Close: Olds Detached for sale : MLS®# A2257415

    4 Birch Close Olds T4H 1M2 Olds

    $288,900
    Residential
    Status:
    Active
    MLS® Num:
    A2257415
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,208 sq. ft.
    Step inside this beautifully updated 3-bedroom, 2-bath modular home on its own lot—an affordable option that doesn’t compromise on style! Boasting a wide open floor plan, this home was fully renovated down to the studs in 2017 with new drywall, flooring, and modern finishes throughout. A brand new furnace (2023) adds peace of mind, making this bright and move-in ready home an absolute must-see. Call your favourite Realtor today to view. More details
    Listed by REMAX ACA Realty
    LISTING DETAILS
    DIANE RICHARDSON

  • 4429 55 Avenue: Olds Detached for sale : MLS®# A2248049

    4429 55 Avenue Olds Olds T4H 1B9
    Main Photo: 4429 55 Avenue: Olds Detached for sale : MLS®# A2248049

    4429 55 Avenue Olds T4H 1B9 Olds

    $295,000
    Residential
    Status:
    Active
    MLS® Num:
    A2248049
    Bedrooms:
    3
    Bathrooms:
    1
    Floor Area:
    1,140 sq. ft.
    Full of charm, this well-loved Olds home is ready for its next chapter. Inside, you’ll find three comfortable bedrooms and a full bathroom all on the main floor, plus a spacious kitchen, hardwood flooring throughout, and a nice-sized dining and living room area that’s perfect for gathering. The separate side entry offers easy access to both the main floor and the basement, while the back door leads to a large porch/laundry area that’s as practical as it is welcoming. Outside, the huge corner lot offers privacy, mature trees, and plenty of space to play, garden, or relax. There’s a big shed for storage. Brand new shingles will give you peace of mind for years to come. The basement is partially developed, perfect for storage, hobbies, or planning your future renovation dreams. If you’ve been looking for a cozy, affordable home with plenty of outdoor space in a great location, this one’s worth a look! More details
    Listed by Coldwell Banker Vision Realty
    LISTING DETAILS
    DIANE RICHARDSON

  • 4609 47 Avenue: Olds Detached for sale : MLS®# A2264588

    4609 47 Avenue Olds Olds T4H 1C7
    Main Photo: 4609 47 Avenue: Olds Detached for sale : MLS®# A2264588

    4609 47 Avenue Olds T4H 1C7 Olds

    $355,000
    Residential
    Status:
    Active
    MLS® Num:
    A2264588
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,132 sq. ft.
    This charming 1,132 sqft home, built in 1934, sits on a spacious lot zoned R-2. Featuring 3 bedrooms and 2 bathrooms, this home provides plenty of room for the whole family. Located just steps from Olds College, this property is perfect for first-time homebuyers or savvy investors. Currently occupied by reliable long-term tenants, it’s packed with potential! More details
    Listed by Royal LePage Wildrose Real Estate
    LISTING DETAILS
    DIANE RICHARDSON
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Data was last updated October 16, 2025 at 10:05 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.
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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.