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.

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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

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Elboya real estate listings

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  • 4220 Elbow Drive SW in Calgary: Elboya Residential Land for sale : MLS®# A2227299

    4220 Elbow Drive SW Elboya Calgary T2S 2K4
    Main Photo: 4220 Elbow Drive SW in Calgary: Elboya Residential Land for sale : MLS®# A2227299
    $999,000
    Land
    Status:
    Active
    MLS® Num:
    A2227299
    **Extraordinary Location! A Rare Opportunity** Build your dream home on this private and secluded 10,053 sq. ft. end lot, perched on the ridge of the Landsdowne escarpment in Elboya, one of Calgary’s most desirable inner-city communities. This premium lot offers unobstructed views of the city skyline, surrounded by mature trees for privacy. An approved development permit for a 4,160 sq. ft. luxury residence is included, saving you time and money allowing you the potential to start building right away. The north-facing home is designed to capture incredible views while bordering a city park. It features four bedrooms on the top floor and a Nanny/Mother-In-Law Suite on the main floor. The home boasts cathedral ceilings in the entrance, formal dining room, loft, and primary bedroom, a butler’s pantry, and laundry facilities on both the main floor and primary ensuite. The 4-car garage has high ceilings for a golf simulator, and the expansive basement includes a studio/workshop with a separate heating system. The basement also offers a theatre room, entertainment space, bar, wine room, wet/dry sauna, exercise room, and two additional bedrooms. Outdoor living is highlighted by a covered 6-foot wrap-around deck and a 20x20 raised deck with stunning city views. Access is via a paved back lane next to walking trails and an off-leash dog park. Minutes from downtown, the Elbow River pathways, Stanley Park, top schools, shopping, and recreational facilities like the Glencoe Club and Calgary Golf and Country Club, this location is perfect for luxury living. With Enmax hook-up proposals ready for approval and all Building Permit drawings prepared, this home is designed for energy efficiency with double 2x4 wall construction. Don’t miss out on this incredible opportunity—contact us today for more information! More details
    Listed by Seller Direct Real Estate
    DIANE RICHARDSON
  • 420 49 Avenue SW in Calgary: Elboya Detached for sale : MLS®# A2253807

    420 49 Avenue SW Elboya Calgary T2A 1G2
    Main Photo: 420 49 Avenue SW in Calgary: Elboya Detached for sale : MLS®# A2253807
    $2,650,000
    Residential
    Status:
    Active
    MLS® Num:
    A2253807
    Bedrooms:
    6
    Bathrooms:
    6
    Floor Area:
    3,617 sq. ft.
    Exquisite Custom Home in the Heart of Elboya. Welcome to an unparalleled offering in the prestigious community of Elboya—an architecturally significant, custom-built residence that seamlessly blends timeless elegance with modern sophistication. Designed by renowned Vancouver architect Alex Voth in collaboration with esteemed interior designer Paul Lavoie, this masterfully curated home showcases over 5,200 sq ft of luxurious living space across three levels. Set on an expansive lot just minutes from downtown Calgary and steps from the shops and amenities of Britannia, this property offers the rare combination of inner-city convenience and refined residential living. From the moment you enter, you are greeted by a classic centre hall plan that exudes elegance and balance. The formal living and dining rooms are perfect for entertaining, while the light-filled office near the entry provides a serene workspace. At the heart of the home lies a chef’s kitchen featuring premium appliances, bespoke cabinetry, and luxurious finishes—flowing seamlessly into a warm and inviting family room. The upper level hosts four generously sized bedrooms, including a lavish primary suite with a spa-inspired ensuite and thoughtfully designed walk-in closet. The lower level is equally impressive, offering a large recreation space, additional bedrooms, and a unique second basement beneath the garage—constructed with a suspended slab and radiant in-floor heating. This extraordinary flex space is ideal for a private gym, studio, workshop, or seasonal storage. Every detail in this residence speaks to its superior craftsmanship and design integrity—offering understated luxury in one of Calgary’s most desirable neighbourhoods. This is a rare opportunity to acquire a truly one-of-a-kind home in Elboya—where architectural pedigree meets lifestyle excellence. More details
    Listed by Real Broker
    DIANE RICHARDSON
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Data was last updated October 17, 2025 at 10:05 AM (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.