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.

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

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CALGARY 3 MILLION DOLLAR HOMES FOR SALE

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  • 173030 Hwy 875: Tilley Agriculture for sale : MLS®# A2185378

    173030 Hwy 875 Tilley Tilley T0J 3K0
    Main Photo: 173030 Hwy 875: Tilley Agriculture for sale : MLS®# A2185378
    $3,000,000
    Agri-Business
    Status:
    Active
    MLS® Num:
    A2185378
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    1,044 sq. ft.
    Good irrigated land 250 acre m/l along highway 875 south east of Brooks near Tilley. Surface revenue $17,580 a year, total acres 246.46 acres and 195 acre EID water rights Older yard site with trees on paved highway 875 north of Rolling Hills & west of Tilley. Pivot not included, wheels and puming unit included, Pressurised EID outlets for water (3) Great parcel to look for parceling out & optimizing the potential of the land. Rented for the 2024 crop year., 4 parcels total More details
    Listed by Real Estate Centre - Coaldale
    DIANE RICHARDSON
  • 4322 4A Street SW in Calgary: Elboya Detached for sale : MLS®# A2222099

    4322 4A Street SW Elboya Calgary T2S 1Z9
    Main Photo: 4322 4A Street SW in Calgary: Elboya Detached for sale : MLS®# A2222099
    $3,000,000
    Residential
    Status:
    Active
    MLS® Num:
    A2222099
    Bedrooms:
    6
    Bathrooms:
    6
    Floor Area:
    3,874 sq. ft.
    4322 4A Street SW offers a rare opportunity to live in a home that truly connects with its surroundings. Nestled on a 50' x 120' corner lot in the heart of Elboya, this 6-bedroom custom-built home backs onto Stanley Park—steps from the Elbow River, tennis courts, pool, and pathway system. It's inner-city living with space, privacy, and nature at your back door. With over 3,800 sq ft above grade and a fully developed basement, the home is designed with both everyday family life and entertaining in mind. A front office, formal dining room, and open-concept living space create a natural flow. The kitchen is equipped with granite countertops, a large island, high end appliances including Sub-Zero, Miele, and Wolf, a built-in espresso machine, custom cabinetry, and a walk-through butler’s pantry connecting to the dining room. Upstairs, you’ll find four generous bedrooms, a central loft, and a laundry room. The primary suite is a private retreat with a walk-in closet, a double-sided fireplace, and a spacious 5-piece ensuite featuring heated floors, a towel warmer, and a steam shower. The lower level offers more room to gather and unwind—with stained concrete floors, a rec room, wet bar, wine room, fitness area, two additional bedrooms, and two bathrooms. Practical features include triple-pane windows, solid core doors, a 12-zone smart audio and lighting system, brand new carpet, and Hunter Douglas blinds. The oversized 4-car garage is finished with heated floors, offering ample space for vehicles and storage. While the home is not in the floodway or fringe, it was designed with peace of mind in mind: three sump pumps and raised mechanical systems are in place. A rare combination of location, space, and thoughtful construction—this home offers a long-term opportunity in one of Calgary’s most sought-after communities. More details
    Listed by Century 21 Masters
    DIANE RICHARDSON
  • 227 26 Avenue NE in Calgary: Tuxedo Park 4 plex for sale : MLS®# A2240465

    227 26 Avenue NE Tuxedo Park Calgary T2E 1Z1
    Main Photo: 227 26 Avenue NE in Calgary: Tuxedo Park 4 plex for sale : MLS®# A2240465
    $3,000,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2240465
    Floor Area:
    4,976 sq. ft.
    Exceptional Investment Opportunity in Tuxedo Park – Brand-New, High-Yield 4-Plex An extraordinary opportunity to elevate your real estate portfolio with this architecturally stunning 4-plex, perfectly situated in the heart of Tuxedo Park—one of Calgary’s most sought-after inner-city communities. Renowned for its central location, strong rental demand, and vibrant urban character, Tuxedo Park is the ideal setting for this purpose-built, income-generating asset. This newly constructed property features four meticulously designed townhomes, each offering 3 spacious bedrooms. Complementing each unit are fully legal 2-bedroom basement suites—bringing the total to eight separate rental units, each with its own private entrance. This rare configuration offers exceptional income potential and operational flexibility. From the moment you arrive, the curb appeal is undeniable. The exterior showcases timeless architecture with a modern edge—clean lines, premium materials, and an elegant, cohesive colour palette create a boutique aesthetic rarely found in multi-family developments. Professional landscaping, contemporary lighting, and a unified facade further elevate the property's distinguished presence. Inside, each suite is thoughtfully finished with high-end, low-maintenance materials selected for both style and durability. Quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and oversized energy-efficient windows ensure lasting appeal to quality tenants while keeping operating costs low. Strategically located just minutes from downtown Calgary, with quick access to major roadways, public transit, parks, schools, and amenities, this property offers convenience for tenants and exceptional returns for investors. Eligible for CMHC Select Financing, this is a rare chance to secure a turnkey, high-performance asset in a high-demand rental market. Don’t miss your opportunity to own one of Calgary’s most visually striking and intelligently designed multi-family investments. Contact us today for full details or to arrange a private tour. More details
    Listed by Royal LePage METRO
    DIANE RICHARDSON
  • 325 Acres Horse Creek Road: Rural Rocky View County Residential Land for sale : MLS®# A2215641

    325 Acres Horse Creek Road Rural Rocky View County Rural Rocky View County T4C 2X2
    Main Photo: 325 Acres Horse Creek Road: Rural Rocky View County Residential Land for sale : MLS®# A2215641
    $3,000,000
    Land
    Status:
    Active
    MLS® Num:
    A2215641
    ABSOLUTELY STUNNING 325 ACRES on two titles with the Horse Creek running through both parcels. This exceptional ranch land has majestic mountain views to both the South and West and would be the perfect backdrop for your dream country estate or serve as an enduring long term land holding investment. Located just 10 minutes NW of Cochrane on pavement this stunning raw law is comprised of native prairie grassland, wetlands and some trees. This is a nature lover's paradise where you will see elk, moose, deer and an abundance of birds throughout the year. Both quarter sections must be sold together and present a special opportunity for you to acquire a large land assembly with quick access to Calgary, Banff National Park and major routes. GST is applicable. A confirmed appointment is required for all viewings. More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • TBD 2A Highway: Carstairs Commercial Land for sale : MLS®# A2206584

    TBD 2A Highway Carstairs Carstairs T0M 0N0
    Main Photo: TBD 2A Highway: Carstairs Commercial Land for sale : MLS®# A2206584
    $3,000,000
    Land
    Status:
    Active
    MLS® Num:
    A2206584
    RETAIL / COMMERCIAL DEVELOPMENT OPPORTUNITY!! 7.02 acres commercial classified and serviced land. The owner is willing to subdivide into smaller parcels for potential users/developers. Owner is also will also consider build to suit opportunities for tenants. Property has direct exposure to busy Highway 2A and located directly across from Carstairs Community Golf Club. Additional new homes are currently under construction in the community. Excellent opportunity given the exposure to Highway 2A. 33 kilometers to Airdrie, and 39 minutes to Calgary International Airport (53km). More details
    Listed by Century 21 Masters
    DIANE RICHARDSON
  • 301 5 Avenue NE in Calgary: Crescent Heights 4 plex for sale : MLS®# A2234866

    301 5 Avenue NE Crescent Heights Calgary T2E 0K9
    Main Photo: 301 5 Avenue NE in Calgary: Crescent Heights 4 plex for sale : MLS®# A2234866
    $3,000,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2234866
    Floor Area:
    7,176 sq. ft.
    Turnkey Investment Opportunity – Fully Furnished and Professionally Managed Airbnb 4-Plex in Prime Inner-City Location. Welcome to an exceptional revenue-generating 4-plex in the highly sought-after community of Crescent Heights—just minutes from downtown Calgary. This rare offering features four fully furnished, professionally managed townhouse units, each operating as a successful short-term rental. For the savvy investor, this is a rare opportunity to secure a professionally managed, income-generating asset in a prime location; offering strong cash flow and long-term value. Each spacious unit includes: 2300 Square Feet Of Livable Space Over 4 Levels | 4 Large Bedrooms, 4.5 Bathrooms | Large West Facing Patio | Spacious Bonus Room With Cozy Fireplace | Fully Finished Basement With Wet Bar And Single Detached Garage | Stylish, move-in-ready modern interiors curated for comfort and durability | The property delivers an impressive cap rate of 6.05%, supported by consistent short-term rental performance and professional management already in place—making it a truly turnkey, income-producing asset. Set in vibrant Crescent Heights, you’re perched above the Bow River Valley with direct access to downtown via Centre Street; walk, bike, or drive in just minutes. This area blends the charm of a tight-knit residential neighborhood with bustling local businesses, trendy eateries, and scenic city views. Key Highlights: Fully operational as a high-performing Airbnb short term rental. All furnishings included. Managed by professionals for a seamless, turnkey experience. Outstanding location. Immediate cash-flow potential with long-term upside. High-performing income property with 6.05% cap rate Whether you continue as a short-term rental host or explore other investment strategies, this property checks every box. More details
    Listed by Comox Realty
    DIANE RICHARDSON
  • 305 Tower Lane Drive SW: Airdrie Commercial Land for sale : MLS®# A2184199

    305 Tower Lane Drive SW Airdrie Airdrie T4B 3L8
    Main Photo: 305 Tower Lane Drive SW: Airdrie Commercial Land for sale : MLS®# A2184199
    $3,000,000
    Land
    Status:
    Active
    MLS® Num:
    A2184199
    This parcel is the current titled parcel that can be purchased as 3.69 Acres with or without the NEW bare land condo subdivison plan that is in application with the City of Airdrie. More information in respect to building footprint size, servicing, the bare land condo structure and condo fees is available on request. This lisitng is one of 5 MLS listing #'s A2184241 - A2184242 - A2184243 - A2184244. More details
    Listed by eXp Realty
    DIANE RICHARDSON
  • 176 Street W: Rural Foothills County Residential Land for sale : MLS®# A2167414

    176 Street W Rural Foothills County Rural Foothills County T1S 2P5
    Main Photo: 176 Street W: Rural Foothills County Residential Land for sale : MLS®# A2167414
    $3,003,360
    Land
    Status:
    Active
    MLS® Num:
    A2167414
    PRICE REDUCED!! LOOK AT THIS Amazing opportunity to own 125 acres minutes from Calgary, this amazing piece has panoramic views from every direction as well as a stunning mountain view located on a paved road! All located minutes to South end of Calgary!! Also located across from the Sandy Cross Nature Conservatory. This amazing class 1 black soil has still produced a beautiful hay crop even in a drought and this year has produced 6 1300 pound bales per acre!! As an added bonus it has a 10 gpm well already on it. 2 MD approaches are also located on it and make access easy. This beautiful property has many building sites to choose from as well making it the best of all worlds!! Maybe a potential subdivision is in the future!! (Pending MD approval) Call today!! More details
    Listed by Century 21 Foothills Real Estate
    DIANE RICHARDSON
  • 4500 14 Avenue N: Rural Lethbridge County Industrial Land for sale : MLS®# A2217352

    4500 14 Avenue N Rural Lethbridge County Rural Lethbridge County T1J 5X8
    Main Photo: 4500 14 Avenue N: Rural Lethbridge County Industrial Land for sale : MLS®# A2217352
    $3,087,000
    Land
    Status:
    Active
    MLS® Num:
    A2217352
    Opportunity • Frontier Business Park offers up to 58.23 acres of Industrial land for sale in a prime location in the Lethbridge County. This desirable development provides a new frontier for Southern Alberta businesses looking to take advantage of this high traffic rural site with easy highway access, while still being adjacent to the City of Lethbridge. The business park will be ideal for development of industrial operations, especially those that require large yards. The park is best suited for the development of warehousing, manufacturing, trucking and logistical operations. • The developer will consider built-to-suit lease option as well. More details
    Listed by AVISON YOUNG
    DIANE RICHARDSON
  • 1728 29 Street SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2192046

    1728 29 Street SW Shaganappi Calgary T3C 1M4
    Main Photo: 1728 29 Street SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2192046
    $3,095,000
    Multi-Family
    Status:
    Active
    MLS® Num:
    A2192046
    Floor Area:
    5,444 sq. ft.
    Elevate your real estate portfolio with this exceptional new construction rental project in Shaganappi, a prime inner-city Calgary community. This development offers eight rental suites across two buildings, featuring spacious UPPER UNITS OF 1361 sqft with THREE BEDROOMS and 2.5 baths, complemented by spacious 622 sqft 1-bedroom lower units. A 4-car detached garage with lane access adds convenience and value to this prime property, set for completion in June 2025. Investors will appreciate the numerous benefits this opportunity presents. The large size units and prime location near downtown Calgary and major amenities ensure high demand and the potential for above-average rents. Situated on a generous 130ft lot, these townhomes boast a superior design that sets them apart from comparable developments in the area. Low-maintenance Hardy board exteriors minimize upkeep costs, while high-efficiency HVAC systems contribute to energy savings and tenant comfort. The use of durable finishes throughout ensures long-term performance, making this an ideal addition to any investment portfolio. Shaganappi’s desirable inner-city location combines the best of urban living with the charm of an established neighborhood. Residents will enjoy easy access to 17th Avenue, downtown, parks, shopping, and entertainment, making these units highly attractive to potential tenants. This purpose-built revenue property in one of Calgary’s most sought-after neighborhoods represents a unique opportunity to invest in a high-quality, low-maintenance asset with strong income potential. The combination of prime location, thoughtful design, and modern amenities positions this development for long-term appreciation and steady rental income. Don’t miss this chance to secure your stake in Calgary’s thriving real estate market. Contact Kam Dhillon today for more details and to explore how this exceptional investment opportunity can help you achieve your financial goals. With its prime location, superior construction, and strong rental potential, this Shaganappi development is poised to become a cornerstone of your real estate portfolio. Act now to be part of this exciting investment opportunity in one of Calgary’s most desirable communities. Priced with a 5.30% CAPITALIZATION RATE on rents of $2850 ($2.10 sqft) for upper units, $1450 ($2.20sqft) for lower suites and 20% op costs for a net income of approx $164,000 per year. More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 1403 Beverley Place SW in Calgary: Bel-Aire Detached for sale : MLS®# A2217754

    1403 Beverley Place SW Bel-Aire Calgary T2V 2C7
    Main Photo: 1403 Beverley Place SW in Calgary: Bel-Aire Detached for sale : MLS®# A2217754
    $3,099,000
    Residential
    Status:
    Active
    MLS® Num:
    A2217754
    Bedrooms:
    4
    Bathrooms:
    5
    Floor Area:
    4,038 sq. ft.
    Welcome to the PRESTIGIOUS community of Bel-Aire, known for its spacious lots, tree-lined streets, and stunning luxury homes. This CUSTOM-BUILT MASTERPIECE by renowned architect Michael Shugarman and esteemed builder Hammer Homes is a true one-of-a-kind residence. Situated on a prime over 12,000 sq/ft corner lot in a quiet cul-de-sac, this home offers over 5,800 sq/ft of METICULOUSLY DESIGNED TOTAL LIVING SPACE. Every detail has been thoughtfully crafted with ARCHITECTURAL PRECISION. The HAND-CUT STONEWORK on the front porch, back patio, and fireplace was not only designed but also meticulously drawn and shaped to fit seamlessly together. The CUSTOM-DESIGNED FRONT DOOR and powder room vanity were also architecturally drawn, designed, and handmade to achieve a completely bespoke finish. The bright and airy interior is bathed in natural sunlight, with expansive south-facing windows connecting the indoors to the spacious outdoor patio. The custom kitchen boasts double-stacked granite countertops, stainless steel appliances, and a paneled Sub-Zero fridge, blending seamlessly with the outdoor living space — perfect for entertaining. The heart of the home is the BREATHTAKING GREAT ROOM — a stunning space with SOARING OVER 20-FOOT CEILINGS that create a grand sense of scale. TOWERING WINDOWS flood the room with natural light, while custom-built bookcases add warmth and character. A STRIKING FIREPLACE serves as the room’s focal point, with hand-cut stonework meticulously designed to complement the space. A HIDDEN STAIRCASE adds a touch of intrigue, blending functionality with sophisticated design. This remarkable room offers an inviting yet luxurious ambiance, perfect for quiet moments of relaxation or entertaining on a grand scale. This serene space is ideal for relaxation and gathering with loved ones. Upstairs, you’ll find three spacious bedrooms, each with their own ensuite and walk-in closet. The primary suite features a SPA-INSPIRED ENSUITE, a MASSIVE WALK-IN CLOSET, and access to the south-facing windows. Thoughtful touches can be found throughout the bedrooms, like a custom window bench, built-in office space, and Swarovski crystal-accented wallpaper elevate the design. The upper floor also includes a versatile area ideal as an office, family room, or reading nook. The upstairs laundry room is bright and cozy due to the light from the corner windows. The fully developed basement features 10' ceilings, a guest bedroom with ensuite, and an open layout ready to suit your lifestyle. This EXCEPTIONAL HOME blends TIMELESS DESIGN with IMPECCABLE CRAFTSMANSHIP — a rare opportunity in one of Calgary's most sought-after communities. Don't miss out on this extraordinary property. More details
    Listed by eXp Realty
    DIANE RICHARDSON
  • 254209 Woodland Road: Rural Rocky View County Detached for sale : MLS®# A1109040

    254209 Woodland Road Rural Rocky View County Rural Rocky View County T3L 2R2
    Main Photo: 254209 Woodland Road: Rural Rocky View County Detached for sale : MLS®# A1109040
    $3,100,000
    Residential
    Status:
    Active
    MLS® Num:
    A1109040
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    2,026 sq. ft.
    Immaculate Home close to Calgary situated on a sub-dividable 15.99 acre lot surrounded by beautiful trees and landscaping. Italian inspired construction with predominant concrete throughout and a cold room cellar that's naturally cold all year round without mechanical intervention. The 3 Bedroom (two above grade) open concept Walkout Home is well illuminated and features a beautiful kitchen, eating area / dining room, upper loft flex room / floor, gas fire place on main floor, wood burning fire place on lower floor, split access from the garage to the lower level and main level, laundry roughed in upstairs and full laundry downstairs, wet bar downstairs, second kitchen on lower floor and den. Incredible attached heated greenhouse and enclosed patio in the back. More details
    Listed by MarketEdge Realty
    DIANE RICHARDSON
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Data was last updated August 12, 2025 at 06:05 AM (UTC)
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