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.

Contact Diane Richardson

Phone: 403.397.3706
Email: diane@mypadcalgary.com

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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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Homes for Sale Near University of Calgary

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  • 311 65 Temple Boulevard W: Lethbridge Apartment for sale : MLS®# A2232967

    311 65 Temple Boulevard W Lethbridge Lethbridge T1K 5M2
    Main Photo: 311 65 Temple Boulevard W: Lethbridge Apartment for sale : MLS®# A2232967
    $175,000
    Residential
    Status:
    Active
    MLS® Num:
    A2232967
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    735 sq. ft.
    Top-floor 1-bedroom condo offering comfortable, low-maintenance living in a well-managed building. Bright and functional layout with a galley-style kitchen, cozy dinette, spacious living room, and a full 4-piece bath. Bonus features include in-unit storage, and access to fantastic building amenities—indoor pool, sauna, and separate men’s and women’s showers/washrooms. Laundry is conveniently located on-site. Located on the westside, close to the University of Lethbridge, walking paths, schools, and transit. A great opportunity to own in a quiet and convenient location! More details
    Listed by RE/MAX REAL ESTATE - LETHBRIDGE
    DIANE RICHARDSON
  • 204 420 Columbia Boulevard W: Lethbridge Apartment for sale : MLS®# A2241605

    204 420 Columbia Boulevard W Lethbridge Lethbridge T1K 5R4
    Main Photo: 204 420 Columbia Boulevard W: Lethbridge Apartment for sale : MLS®# A2241605
    $205,400
    Residential
    Status:
    Active
    MLS® Num:
    A2241605
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    802 sq. ft.
    Investor and First Time Home Buyer Alert! This 2-bedroom condo with an in-unit laundry & assigned parking is within walking distance from the University of Lethbridge and a stone's throw away from Nicholas Sheran Park perfect for students, working professionals and families. Condo fee is only $316.80 which covers almost everything except electricity, one of the best managed condos in town with a strong reserve fund but with the least if not the lowest condo fee. With fresh paint and a brand new vinyl flooring this can be move-in ready and available for quick possession! More details
    Listed by Initia Real Estate
    DIANE RICHARDSON
  • 404 3727 42 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2209030

    404 3727 42 Street NW Varsity Calgary T3A 2W3
    Main Photo: 404 3727 42 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2209030
    $209,000
    Residential
    Status:
    Active
    MLS® Num:
    A2209030
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    698 sq. ft.
    Welcome to this Top floor Spacious 1 bedroom apartment featuring bright and open floor plan. It offers beautiful flows from the dinette, kitchen, living room with electric fireplace, towards the private balcony overlooking the most popular Entertainment centre in the NW :the newly updated Market Mall. The bedroom is very spacious and offers double closet, and can easily fit a king size bed & some furniture. There is a very roomy storage in the unit as well. The assigned parking stall is located conveniently close to the building's West Entrance. Steps to Market Mall !, Easy access to U of C, Foothills Hospital, Children's Hospital, Downtown and the River & the Rockies. A Perfect choice for Investor and First time Home Buyer. More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 206 1301 17 Avenue NW in Calgary: Capitol Hill Apartment for sale : MLS®# A2243043

    206 1301 17 Avenue NW Capitol Hill Calgary T2M 0R2
    Main Photo: 206 1301 17 Avenue NW in Calgary: Capitol Hill Apartment for sale : MLS®# A2243043
    $218,800
    Residential
    Status:
    Active
    MLS® Num:
    A2243043
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    546 sq. ft.
    Tucked away in a vibrant and walkable neighborhood just minutes from SAIT and downtown Calgary, this charming 1-bedroom, 1-bathroom apartment is the perfect blend of modern comfort and urban convenience. As you step inside, you're welcomed by a bright, open living space that feels instantly like home. The kitchen has been recently refreshed with a brand new fridge and dishwasher, while a sleek new stacked washer and dryer add everyday ease. One of the standout features of this unit is the large private balcony—a perfect spot to enjoy your morning coffee, host friends on a sunny afternoon, or simply take in the fresh air after a long day. Whether you're working from home, relaxing, or entertaining, this space offers the flexibility and comfort to suit your lifestyle. The surrounding community is friendly and well-connected, with cozy cafes, green spaces, and all the essentials just steps away. And with quick access to transit, the downtown core is only minutes from your door, putting the best of the city within easy reach. Whether you're a student, young professional, or simply looking for a fresh start, this apartment is more than just a place to live—it’s a place to feel at home. More details
    Listed by TREC The Real Estate Company
    DIANE RICHARDSON
  • 3201 4001C 49 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2226088

    3201 4001C 49 Street NW Varsity Calgary T3A 2C9
    Main Photo: 3201 4001C 49 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2226088
    $219,900
    Residential
    Status:
    Active
    MLS® Num:
    A2226088
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    901 sq. ft.
    Welcome to your dream condo—Beautifully renovated, tastefully modern, and over 900 sq ft of stylish, comfortable living! Located directly across from Market Mall and just minutes from the University of Calgary, the Bow River, and major transit routes, this gem puts you at the heart of everything. Step into a bright, open-concept layout featuring high-end vinyl plank flooring throughout and a striking updated gas fireplace that adds warmth and wow-factor. Enjoy sunny mornings or peaceful evenings on your spacious balcony, perfect for coffee or relaxing with a book. The gorgeous chef’s kitchen is the true heart of the home, complete with brand-new stainless steel fridge & microwave, full-height cabinetry, and sleek recessed pot lighting. Both the large primary bedroom and versatile second bedroom feature new windows and plenty of space with a full 4 piece bathroom serving them, while a generously sized storage room with built-in counters and ample cabinetry keeps everything tidy and organized. As a bonus there is a central vacuum system. With an unbeatable location and modern updates from top to bottom, this condo offers comfort, style, and convenience you’ll fall in love with—book your private showing today! More details
    Listed by 2% Realty
    DIANE RICHARDSON
  • 205 1301 17 Avenue NW in Calgary: Capitol Hill Apartment for sale : MLS®# A2231464

    205 1301 17 Avenue NW Capitol Hill Calgary T2M 0R2
    Main Photo: 205 1301 17 Avenue NW in Calgary: Capitol Hill Apartment for sale : MLS®# A2231464
    $229,900
    Residential
    Status:
    Active
    MLS® Num:
    A2231464
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    537 sq. ft.
    Welcome to Unit 205 at 1301 17 Avenue NW—an exceptional opportunity to own a stylish and well-maintained one-bedroom condo in the highly sought-after inner-city community of Capitol Hill. Just one block from SAIT, this location is perfect for students, faculty, or professionals seeking unmatched convenience with quick access to transit, education, and everyday amenities. Inside, the unit features a bright and functional layout with beautiful hardwood flooring throughout, adding warmth and continuity to the open-concept living and dining space. Large windows bring in plenty of natural light, creating an inviting atmosphere. The kitchen is thoughtfully designed with ample cabinetry and counter space, perfect for both daily living and entertaining. The spacious bedroom includes a generous closet and sits adjacent to a clean, well-appointed four-piece bathroom. For added convenience, the home is equipped with an in-suite washer and dryer—an essential feature that enhances comfort and independence. Step outside to your own private south facing balcony, ideal for morning coffee or evening relaxation. This professionally managed building offers secure entry and titled parking, and is just steps from the SAIT campus, SAIT/Jubilee LRT station, North Hill Mall, and a variety of coffee shops, restaurants, and local services. With downtown Calgary and Kensington just minutes away, the location offers a dynamic and connected urban lifestyle. Whether you're a first-time buyer, student, or investor, this unit delivers outstanding value in one of Calgary’s most desirable inner-city neighborhoods. More details
    Listed by Hope Street Real Estate Corp.
    DIANE RICHARDSON
  • 2204 4001B 49 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2228206

    2204 4001B 49 Street NW Varsity Calgary T3A 2C9
    Main Photo: 2204 4001B 49 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2228206
    $229,999
    Residential
    Status:
    Active
    MLS® Num:
    A2228206
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    810 sq. ft.
    Pictures truly don’t do this one justice! This freshly renovated 2-bedroom, 1-bathroom condo with a versatile den is located in the highly sought-after community of Varsity. From the moment you walk in, you'll appreciate the fresh, light, and airy feel. The home features brand new luxury vinyl plank flooring, fresh paint, updated tile, baseboards, modern lighting, sleek faucets, a reglazed tub, and stainless steel kitchen appliances - all thoughtfully selected to create a clean, contemporary space with a true “like-new” feel throughout. With a well-designed and spacious layout, the large primary bedroom easily accommodates a king-sized bed. The den offers excellent flexibility as a home office or additional storage space. A cozy, stone-faced gas fireplace with a mantle and hearth adds warmth and charm to the living area, while sliding patio doors open to a quiet, private balcony overlooking a peaceful courtyard with a peek-a-boo view of Market Mall just beyond. This adults-only (25+) building is well-managed and includes an on-site manager for added peace of mind. The unit also features in-suite laundry, an assigned parking stall, visitor parking, and additional storage available for just $40/month. Plus, there’s free street parking conveniently located right beside the building on 50th Street NW. The unit is vacant and available for immediate possession, making it ideal for buyers or investors looking for a move-in-ready property. Location-wise, it’s hard to beat. Market Mall, one of Calgary’s premier shopping destinations, is just steps away and includes your grocery store, drug store, Tim Horton’s, restaurants, retail shops, and much more! The adjoining professional centre offers access to medical, dental, and optical services, while the nearby University District continues to expand with trendy shops and amenities. Transit access is excellent, and major traffic routes are close by for easy commuting. For outdoor enthusiasts, you’re just a short walk to Dale Hodges and Bowmont Park, where you can enjoy acres of green space, river views, walking and biking paths, and playgrounds. This is a rare opportunity to own a beautifully updated, well-priced condo in one of Calgary’s most desirable communities - book your showing today! More details
    Listed by URBAN-REALTY.ca
    DIANE RICHARDSON
  • 106 Columbia Place W: Lethbridge Semi Detached (Half Duplex) for sale : MLS®# A2240587

    106 Columbia Place W Lethbridge Lethbridge T1K 3N9
    Main Photo: 106 Columbia Place W: Lethbridge Semi Detached (Half Duplex) for sale : MLS®# A2240587
    $245,000
    Residential
    Status:
    Active
    MLS® Num:
    A2240587
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    954 sq. ft.
    Affordable Half Duplex in a Great Westside Location This five-level split half duplex is full of potential. Located in a quiet cul-de-sac just steps from the University of Lethbridge, this 3-bedroom, 2-bathroom home is ideal for someone looking to invest or renovate. The layout offers separation between living spaces, making it a great fit for families, students, or roommates. The home is currently tenant-occupied and does need some updates, which is reflected in the price. If you're handy or looking for a project with strong upside, this could be the one. Close to transit, parks, and shopping, this location continues to be one of Lethbridge’s most desirable rental zones. Interior photos are not available out of respect for the tenant's privacy. More details
    Listed by HomeTime Property Services Ltd. o/a HomeTime
    DIANE RICHARDSON
  • 312 3820 Brentwood Road NW in Calgary: Brentwood Apartment for sale : MLS®# A2244084

    312 3820 Brentwood Road NW Brentwood Calgary T2L 2L5
    Main Photo: 312 3820 Brentwood Road NW in Calgary: Brentwood Apartment for sale : MLS®# A2244084
    $249,900
    Residential
    Status:
    Active
    MLS® Num:
    A2244084
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    457 sq. ft.
    Discover this cozy yet highly functional 1-bedroom, 1-bathroom condo, perfectly nestled in a peaceful, family-friendly neighborhood just a short walk from the University of Calgary. This affordable gem offers a welcoming open-concept living space with durable laminate floors and plenty of natural light streaming through well-placed windows. The practical kitchen is equipped with stainless steel appliances, granite countertops, and ample storage, making it ideal for everyday cooking and small gatherings. The primary bedroom provides a comfortable retreat with a walk-in closet. The modern 4-piece bathroom features a vanity, tub, shower, and toilet. Outside, a tidy patio area is perfect for enjoying a morning coffee or relaxing in the evening. Residents also enjoy access to a well-equipped fitness center within the complex, perfect for maintaining an active lifestyle. Steps from your door, the vibrant Brentwood amenities await, including shops, restaurants, grocery stores, and all the essentials for daily living. With top-rated schools, parks, and quick and easy access to Crowchild Trail, as well as proximity to Foothills and Children's Hospitals, this condo delivers affordable living in a prime neighborhood with an unbeatable location. More details
    Listed by Real Estate Professionals Inc.
    DIANE RICHARDSON
  • 203 3420 50 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2228406

    203 3420 50 Street NW Varsity Calgary T3A 2E1
    Main Photo: 203 3420 50 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2228406
    $249,999
    Residential
    Status:
    Active
    MLS® Num:
    A2228406
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    841 sq. ft.
    Lower Condo Fees! Move-in Ready! Perfect for First-Time Homebuyers or Investors! Why keep paying rent when you can own this affordable apartment or generate rental income from a solid investment opportunity? This unit is located on the 2nd floor of a well-maintained concrete building, just steps from Market Mall in Varsity—one of the most desirable communities in NW Calgary. It offers two generously sized bedrooms and a spacious, west-facing living room filled with natural sunlight. The full 4-piece bathroom features tiled flooring. The open-concept layout is both functional and welcoming, with updated quartz countertops, a large sink, newer dishwasher, and a newer faucet installed approximately one year ago. Luxury vinyl plank flooring runs throughout the unit, and all electrical components—including switches, outlets, and some light fixtures—have been professionally updated by the owner, a licensed electrician. Additional features include in-unit laundry with a washer and dryer (only one year old), recently replaced vinyl windows, and a patio door. Convenient building amenities include a private backyard, storage room (first come, first served), and bike storage at the front of the building. A resident property manager is also on-site to promptly address any issues or emergencies. Highly Convenient Location! Just steps from Market Mall and public transit, you're only 10 minutes from the University of Calgary, Foothills Medical Centre, and Alberta Children's Hospital. With quick access to Shaganappi Trail and 16th Avenue, downtown Calgary is just a 20-minute drive away. More details
    Listed by URBAN-REALTY.ca
    DIANE RICHARDSON
  • 313 3420 50 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2243697

    313 3420 50 Street NW Varsity Calgary T3A 2E1
    Main Photo: 313 3420 50 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2243697
    $254,900
    Residential
    Status:
    Active
    MLS® Num:
    A2243697
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    838 sq. ft.
    Welcome to this ideally located 2-bedroom condo in the heart of Varsity. Whether you're a first-time buyer or savvy investor, this well-maintained unit offers unbeatable value and convenience. Enjoy the comforts of in-unit laundry, a brand new stove, and a functional layout perfect for everyday living. The bright and open living space flows out to a private balcony, ideal for your morning coffee or evening unwind. Steps from Market Mall, Bowmont Park, and minutes to the University of Calgary, Foothills Medical Centre, and the Alberta Children's Hospital — this location simply can't be beat. Plus, with easy access to downtown and major routes, your commute will be a breeze. This is your opportunity to get into a prime NW Calgary neighborhood at an affordable price. Don’t miss out! Call your favourite Realtor today to book your private viewing. More details
    Listed by Century 21 Masters
    DIANE RICHARDSON
  • 417 3730 50 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2247134

    417 3730 50 Street NW Varsity Calgary T3A 2V9
    Main Photo: 417 3730 50 Street NW in Calgary: Varsity Apartment for sale : MLS®# A2247134
    $259,000
    Residential
    Status:
    Active
    MLS® Num:
    A2247134
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    822 sq. ft.
    Bright, spacious, and beautifully updated—this top-floor condo in the sought-after Landmark Aspen checks every box. Soaring vaulted ceilings and clerestory windows flood the home with light, while the covered south-facing balcony offers year-round enjoyment and serene privacy. The fully renovated kitchen is a showpiece with crisp white cabinetry, quartz countertops, stainless steel appliances, a stylish backsplash, and recessed lighting. The striking living room centers around a dramatic floor-to-ceiling wood-burning fireplace—perfect for cozy nights in. A dining room/flex area adapts to your lifestyle, whether for entertaining, workouts, or a home office. The massive primary bedroom features a charming bay window, a generous closet and still leaves plenty of room for a king sized bed. You’ll also enjoy secure underground parking, an additional storage locker, and the peace of mind that comes with residing in a quiet, pride-of-ownership, adult living (25+) building. Just steps from Market Mall, the University of Calgary, the Children’s and Foothills Hospitals, plus parks, schools, and every amenity imaginable—this is Varsity living at its finest. More details
    Listed by Royal LePage Mission Real Estate
    DIANE RICHARDSON
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Data was last updated August 11, 2025 at 02:05 AM (UTC)
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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.