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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 $500KMillrise

HOMES FOR SALE IN RED DEER, RIVERSIDE MEADOWS

When searching Red Deer listings click on DETAILS to view information about the listing and click on MORE... to view the property on a map, schedule a showing, email the listing or check affordability on the mortgage calculator. Every effort is made to make it as easy as possible for you to find and learn about Red Deer houses, townhomes & condos on AlbertaTownandCountry.com.


Diane Richardson @ 403-397-3706 (call or text) or email Diane@drichrealty.com


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1-12/15

  • 103 5502 58A Street: Red Deer Apartment for sale : MLS®# A2229717

    103 5502 58A Street Red Deer Red Deer T4N 2M3
    Main Photo: 103 5502 58A Street: Red Deer Apartment for sale : MLS®# A2229717

    103 5502 58A Street Red Deer T4N 2M3 Red Deer

    $89,900
    Residential
    Status:
    Active
    MLS® Num:
    A2229717
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    677 sq. ft.
    ATTN INVESTORS, FIRST TIME BUYERS & DOWNSIZERS! REALLY CUTE & AFFORDABLE 1 BED, 1 BATH CONDO ACROSS FROM A GREEN SPACE -A MUST SEE & MOVE IN READY! ! Enjoy comfort, convenience, and a prime location with this well-appointed 1 bed, 1 bath condo perfectly situated right across from a peaceful green space. Step inside to find a spacious living room, a functional kitchen with adjoining dining area, a full 4-piece bathroom, and a generously sized bedroom. There's even a dedicated storage space for your added convenience. Just across the hall, you'll find a laundry room, and your own assigned parking stall is included. The affordable condo fee of $467.64/month covers heat, water, sewer, grounds maintenance, and professional management—making budgeting a breeze! Pet lovers will appreciate that pets are welcome (with some restrictions). Located close to schools, shopping, scenic parks, and walking trails, this really nice condo offers the perfect balance of lifestyle and location. Whether you're a first-time buyer, downsizer, or investor, this condo is ready for your personal touch and immediate enjoyment & possession. Don’t miss this opportunity to own an affordable home in a great community—book your showing today! More details
    Listed by eXp Realty
    LISTING DETAILS
    DIANE RICHARDSON

  • 5826 57 Street: Red Deer Residential Land for sale : MLS®# A2236387

    5826 57 Street Red Deer Red Deer T4N 2L4
    Main Photo: 5826 57 Street: Red Deer Residential Land for sale : MLS®# A2236387

    5826 57 Street Red Deer T4N 2L4 Red Deer

    $109,999
    Land
    Status:
    Active
    MLS® Num:
    A2236387
    Explore this spacious mature lot for your upcoming residential construction project! While the current zoning is R1, there is the potential for rezoning to R2 through the completion of necessary paperwork required with the City of Red Deer. The property is partially fenced and features access to a back alley, complemented by impressive, mature trees. Within a short walk or a quick bike ride, you'll find schools, playgrounds, bus services, the Red Deer River, Bower Ponds, and the newly developed Capstone subdivision! More details
    Listed by Royal Lepage Network Realty Corp.
    LISTING DETAILS
    DIANE RICHARDSON

  • 5827 60 Street: Red Deer Residential Land for sale : MLS®# A2188218

    5827 60 Street Red Deer Red Deer T4N 2P7
    Main Photo: 5827 60 Street: Red Deer Residential Land for sale : MLS®# A2188218

    5827 60 Street Red Deer T4N 2P7 Red Deer

    $129,999
    Land
    Status:
    Active
    MLS® Num:
    A2188218
    50x110 Lot in Riverside Meadows with a 22x24 garage about 20 years old currently being rented for $200 per month. More details
    Listed by Real Broker
    LISTING DETAILS
    DIANE RICHARDSON

  • 305 5519 Kerry Wood Drive: Red Deer Apartment for sale : MLS®# A2247248

    305 5519 Kerry Wood Drive Red Deer Red Deer T4N 4X3
    Main Photo: 305 5519 Kerry Wood Drive: Red Deer Apartment for sale : MLS®# A2247248

    305 5519 Kerry Wood Drive Red Deer T4N 4X3 Red Deer

    $138,900
    Residential
    Status:
    Active
    MLS® Num:
    A2247248
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    805 sq. ft.
    Top Floor 2 Bedroom Condo in Riverside Meadows – Furnished & Updated. Welcome to this well-maintained top floor 2 bedroom, 1 bathroom condo located in the heart of Riverside Meadows. This furnished unit offers a bright and functional layout, with numerous updates over the years. Enjoy the outdoors with a large private balcony, and benefit from the convenience of in-suite laundry and one off-street parking stall. Situated in a quiet, well-managed building, the location is ideal – close to river trails, public transit, and minutes from downtown. Currently rented for $1,450/month, this unit presents an excellent opportunity for investors or first-time buyers. More details
    Listed by Royal LePage Network Realty Corp.
    LISTING DETAILS
    DIANE RICHARDSON

  • 101 5823 57 Street: Red Deer Row/Townhouse for sale : MLS®# A2245686

    101 5823 57 Street Red Deer Red Deer T4N 2L5
    Main Photo: 101 5823 57 Street: Red Deer Row/Townhouse for sale : MLS®# A2245686

    101 5823 57 Street Red Deer T4N 2L5 Red Deer

    $199,000
    Residential
    Status:
    Active
    MLS® Num:
    A2245686
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,271 sq. ft.
    Great opportunity! This 2 storey condo in Riverside Meadows has new vinyl plank flooring on the main level, there are beautiful contemporary newer kitchen cabinets and countertops, and a 2pce main bath. The upper floor features 3 large bedrooms and a full bath, and an undeveloped basement offers ample storage and room for future development. There are 2 assigned parking spaces, one at the front and the other at the back, both with plug ins. The yard is enclosed with vinyl fencing and there is a rear deck! Small pets are permitted with approval. This would make a great first home or investment property!! More details
    Listed by RE/MAX real estate central alberta
    LISTING DETAILS
    DIANE RICHARDSON

  • 5713 57 Avenue: Red Deer Detached for sale : MLS®# A2234054

    5713 57 Avenue Red Deer Red Deer T4N 4S2
    Main Photo: 5713 57 Avenue: Red Deer Detached for sale : MLS®# A2234054

    5713 57 Avenue Red Deer T4N 4S2 Red Deer

    $239,000
    Residential
    Status:
    Active
    MLS® Num:
    A2234054
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    909 sq. ft.
    Affordable home ownership, or a Great Investment Opportunity, as this home sits on a Large Lot, that is Zoned R-D( Allows the construction of a Duplex or Legal Suite, There is also discretionary use of a Back Yard Suite.) This charming home sits on a Fully fenced Lot, that is well treed and plenty of room for a Detached Garage. You will love the warmth and charm of the hardwood floors, clean crisp white walls, and trim. The main floor offers a bright living room, bedroom, 4pc bath, main floor laundry & utility room. The kitchen with matching appliances, side door handy for year round barbecuing and room for a large dining table. The Upper Level Features Spacious Master Bedroom, Completed with a 3 pc ensuite, Walk In Closet and Hardwood Flooring. Recent Upgrades include; Eavestrough, Electrical Panel, and the Hardwood Flooring. Great potential or Just Move In and Enjoy a very Affordable Lifestyle. More details
    Listed by RE/MAX real estate central alberta
    LISTING DETAILS
    DIANE RICHARDSON

  • A 5915 52 Avenue: Red Deer Semi Detached (Half Duplex) for sale : MLS®# A2245580

    A 5915 52 Avenue Red Deer Red Deer T4N 4K7
    Main Photo: A 5915 52 Avenue: Red Deer Semi Detached (Half Duplex) for sale : MLS®# A2245580

    A 5915 52 Avenue Red Deer T4N 4K7 Red Deer

    $280,000
    Residential
    Status:
    Active
    MLS® Num:
    A2245580
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    848 sq. ft.
    Check out this 4 bedroom, 2 bathroom 1/2 duplex in Riverside Meadows. This fully finished bilevel has lots of space for the whole family. 2 bedrooms up and 2 bedrooms down, with a bathroom on each level. Outside features a large shed, fenced yard and a detached oversized single garage. This will make a great investment property or stater home. More details
    Listed by Red Key Realty & Property Management
    LISTING DETAILS
    DIANE RICHARDSON

  • 5303 60 Street: Red Deer Residential Land for sale : MLS®# A2242229

    5303 60 Street Red Deer Red Deer T4N 5J6
    Main Photo: 5303 60 Street: Red Deer Residential Land for sale : MLS®# A2242229

    5303 60 Street Red Deer T4N 5J6 Red Deer

    $285,000
    Land
    Status:
    Active
    MLS® Num:
    A2242229
    Visit REALTOR® website for additional information. INVESTORS ALERT! Prime Redevelopment Opportunity in Riverside Meadows This unique DC(13)-designated property in Riverside Meadows offers exceptional potential for redevelopment with flexible zoning tailored for urban renewal. A full spectrum of options for residential purposes are permitted, and the city will also consider commercial or multi-family development. More details
    Listed by PG Direct Realty Ltd.
    LISTING DETAILS
    DIANE RICHARDSON

  • 6027 59 Street: Red Deer Semi Detached (Half Duplex) for sale : MLS®# A2240273

    6027 59 Street Red Deer Red Deer T4L 5L1
    Main Photo: 6027 59 Street: Red Deer Semi Detached (Half Duplex) for sale : MLS®# A2240273

    6027 59 Street Red Deer T4L 5L1 Red Deer

    $287,000
    Residential
    Status:
    Active
    MLS® Num:
    A2240273
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,000 sq. ft.
    Beautifully Maintained 5-Bedroom Home with future investment Potential! This beautifully well-kept 5-bedroom, 2-bathroom home offers thoughtful updates and incredible potential. A convenient side entrance makes it ideal for future investment development. Inside, you'll find a bright and modern space with updated laminate flooring, kitchen cabinets, windows (including a new kitchen sink window and huge living room window), bathrooms, carpet, and exterior doors—all updated within the last 10 years. The spacious, private backyard is a true retreat, featuring a gazebo, storage shed, newer fencing, and rear parking. Enjoy outdoor living or peaceful evenings in this serene setting. The hot water tank and furnace has also been recently replaced, adding to the home's excellent condition. The home has also been kept smoke free and pet free. Located close to city-maintained walking paths, this home combines comfort, convenience, and long-term value. A must-see for families, investors, or anyone looking for a move-in-ready property with future flexibility. More details
    Listed by Royal LePage Network Realty Corp.
    LISTING DETAILS
    DIANE RICHARDSON

  • 405 5601 KERRY WOOD Drive: Red Deer Apartment for sale : MLS®# A2240137

    405 5601 KERRY WOOD Drive Red Deer Red Deer T4N 4X3
    Main Photo: 405 5601 KERRY WOOD Drive: Red Deer Apartment for sale : MLS®# A2240137

    405 5601 KERRY WOOD Drive Red Deer T4N 4X3 Red Deer

    $297,500
    Residential
    Status:
    Active
    MLS® Num:
    A2240137
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    959 sq. ft.
    BEAUTIFUL TOP FLOOR 2 BEDROOM, 2 BATHROOM CONDO, OPEN PLAN, NICE BRIGHT KITCHEN WITH ISLAND AND PANTRY, LIVING ROOM WITH CORNER GAS FIREPLACE AND DIRECT ACCESS TO THE COVERED BALCONY OVERLOOK THE COURT YARD, PRIMARY BEDROOM WITH 4 PIECE ENSUITE AND WALK-IN CLOSET, NICE LARGE 2ND BEDROOM, 4 PIECE MAIN BATH AND A LAUNDRY/STORAGE AREA. ELEVATOR SERVICE, SECURITY DOORS, HEATED UNDERGROUND PARKING AND LOTS OF ABOVE GROUND PARKING FOR OCCUPANTS, GUEST PARKING. JUST A SHORT WALK TO DOWNTOWN RED DEER, BOWER PLACE RECREATION AREA, WALKING TRAILS ALONG THE RED DEER RIVER AND ALSO ACROSS FROM A LOVELY PARK AND PLAYGROUND. More details
    Listed by Royal Lepage Network Realty Corp.
    LISTING DETAILS
    DIANE RICHARDSON

  • 212 5601 Kerrywood Drive: Red Deer Apartment for sale : MLS®# A2231194

    212 5601 Kerrywood Drive Red Deer Red Deer T4N 4X3
    Main Photo: 212 5601 Kerrywood Drive: Red Deer Apartment for sale : MLS®# A2231194

    212 5601 Kerrywood Drive Red Deer T4N 4X3 Red Deer

    $298,000
    Residential
    Status:
    Active
    MLS® Num:
    A2231194
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    950 sq. ft.
    Stunning Courtyard/River view! Sure to Attract Attention! Bright, Spacious Condominium with an Open Concept Design This beautiful condo offers a generous open plan layout, perfect for comfortable living and entertaining. NEW PAINT AND FLOORING THROUGHOUT!! The large living room features a cozy corner gas fireplace and opens directly onto a good-sized covered balcony with gas hookup for your BBQ — ideal for year-round enjoyment. You'll love the modern kitchen, complete with maple cabinetry, a center island, and breakfast bar—a great space for casual dining and meal prep. The primary bedroom includes a walk-through closet leading to a 4-piece ensuite, while the second bedroom is located on the opposite side of the unit for added privacy, just steps from the main 4-piece bathroom. Bonus: an extra-large laundry room provides ample storage space—something you won’t often find in condo living! Could also be used as possible Den or Flex Room. Located in a well-maintained, modern building featuring elevator access, a beautiful courtyard, and heated underground parking. Fantastic location! Huge park and play ground directly across the street, Patrolled several hours of the day. Just minutes from Bower Ponds, the Red Deer River, BMX Park and a quick hop across the bridge to downtown Red Deer’s shops, restaurants, patios, and the stunning City Hall Park. Whether you’re looking for a quality home or a smart investment, this condo delivers incredible value and style. More details
    Listed by RE/MAX real estate central alberta
    LISTING DETAILS
    DIANE RICHARDSON

  • 403 5601 KERRY WOOD Drive: Red Deer Apartment for sale : MLS®# A2240117

    403 5601 KERRY WOOD Drive Red Deer Red Deer T4N 4X3
    Main Photo: 403 5601 KERRY WOOD Drive: Red Deer Apartment for sale : MLS®# A2240117

    403 5601 KERRY WOOD Drive Red Deer T4N 4X3 Red Deer

    $329,000
    Residential
    Status:
    Active
    MLS® Num:
    A2240117
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,264 sq. ft.
    TOP FLOOR - 1264 SQ. FT. - 2 BEDROOM, 2 BATHROOM CONDO. OPEN PLAN! LOVELY KITCHEN WITH ISLAND, PANTRY AND NEW COUNTER TOPS. SPACIOUS LIVING ROOM DINING ROOM WITH GAS FIREPLACE AND DIRECT ACCESS TO LARGE COVERED BALCONY. PRIMARY BEDROOM HAS A WALK THROUGH CLOSET AND 4 PIECE ENSUITE WITH A LARGE CORNER SOAKER TUB AND SEPARATE SHOWER. EXTRA FEATURE IS A LARGE DEN/ OFFICE . 2ND BEDROOM, MAIN 4 PIECE BATHROOM AND LAUNDRY ROOM WITH EXTRA STORAGE. HEATED UNDERGROUND PARKING (STALL #3) PLUS LOTS OF EXTRA PARKING FOR RESIDENTS AND GUEST PARKING. SUPER LOCATION, ACROSS FROM PARK AND PLAYGOUNDS AND CLOSE TO WALKING/BIKE TRAILS, BOWER REREATION AREA, JUST A SHORT WALK TO DOWNTOWN. More details
    Listed by Royal Lepage Network Realty Corp.
    LISTING DETAILS
    DIANE RICHARDSON
1-12/15
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Data was last updated August 14, 2025 at 04:09 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.