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.

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Bungalows for sale in Varsity Calgary

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  • 4932 Vanguard Road NW in Calgary: Varsity Detached for sale : MLS®# A2231762

    4932 Vanguard Road NW Varsity Calgary T3A 0R7
    Main Photo: 4932 Vanguard Road NW in Calgary: Varsity Detached for sale : MLS®# A2231762
    $699,990
    Residential
    Status:
    Active
    MLS® Num:
    A2231762
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,113 sq. ft.
    Welcome to the prestigious community of Varsity, where this beautifully updated bungalow sits on a quiet street, just steps from countless amenities. With 5 bedrooms and 2 full bathrooms, this home offers appeal for families, professionals, or savvy investors. Step inside to a bright, open-concept layout filled with natural light, featuring a large living/family room with an impressive bay window. The renovated kitchen boasts sleek white cabinetry, quartz countertops, a huge apron farmhouse sink, stainless steel appliances, a tile backsplash, and a charming boxed-out bay window over the sink. Enjoy both a formal dining area and a cozy breakfast nook—ideal for entertaining or everyday living. The main floor includes 3 spacious bedrooms and a beautifully renovated bathroom with a tiled stand-up shower and modern lighting. The lower level is fully developed with a generous family room, additional den, two more bedrooms, a large soaker tub in the second 4-piece bathroom, a laundry area and ample storage.Notable upgrades include new flooring throughout most of the home, fresh paint, a newer roof, 50-gallon water heater (2015), and updated eavestroughs, soffits, fascia, and downspouts (2022). The low maintenance landscaped front yard and fully fenced, south-facing backyard offer privacy and sunshine. A bonus oversized double detached garage—partially insulated and drywalled—adds incredible value, with paved alley access. This is a move-in ready opportunity in one of Calgary’s most desirable communities. Don’t miss your chance to call Varsity home! More details
    Listed by eXp Realty
    DIANE RICHARDSON
  • 5007 Vallance Crescent NW in Calgary: Varsity Detached for sale : MLS®# A2241835

    5007 Vallance Crescent NW Varsity Calgary T3A 0T7
    Main Photo: 5007 Vallance Crescent NW in Calgary: Varsity Detached for sale : MLS®# A2241835
    $719,000
    Residential
    Status:
    Active
    MLS® Num:
    A2241835
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    1,228 sq. ft.
    OPEN HOUSE SUNDAY August 3rd 2-4pm! Prime Opportunity in Varsity Acres - Priced for IMMEDIATE ACTION at $719,000!! Welcome to this well-maintained and thoughtfully updated bungalow located in one of Calgary's most sought-after neighbourhoods - Varsity Acres. This home has had just three owners since it was built, reflecting a long history of pride and care. Perfectly situated on a quiet street, inside a school zone, you're just steps away from top-rated schools, transit, Market Mall, the University of Calgary, and Foothills Hospital. This is a rare opportunity to secure location, lifestyle, and long-term potential all in one package. Key Features: Over 1,200sqft on the main floor, BEAUTIFULLY RENOVATED main bathroom, UPDATED kitchen with newer cabinetry and appliances, ORIGINAL HARDWOOD FLOORS with timeless character. Three spacious main-floor bedrooms, FULLY FINISHED BASEMENT with a large bedroom next to a bathroom, plus plenty of room for a sectional, TV area, and bar setup - ideal for relaxing or entertaining. Outdoor Highlights: SUNNY, WEST-FACING BACKYARD for afternoon light and evening enjoyment. Large, functional deck - perfect for summer BBQs. EXTRA-LARGE DOUBLE DETACHED GARAGE with ample storage, and workshop space. Bonus space beside the garage offers potential for an additional parking pad - great for a third vehicle, RV, or trailer. Bonus Value: Priced well below the 2024 City of Calgary assessed value of $823,000. Listing price reflects the home's current condition, including an aging roof, original windows and doors, and a weathered, but fully usable deck. Pre-inspection report available - offering transparency and peace of mind for prospective buyers. While some features remain original, the home is structurally sound and provides the perfect canvas to upgrade and build equity over time. Classic mid-century design, lovingly maintained - with important updates already done, including the kitchen and main bathroom. RARE OPPORTUNITY to get into Varsity Acres on a full-sized lot at this price, in a quiet and mature location. If you're looking for a Varsity bungalow with excellent fundamentals, modern touches, and real investment potential, this is the one. IMMEDIATE POSSESSION AVAILABLE. Book your private showing today - homes like this don't last long in Varsity Acres. More details
    Listed by MaxWell Canyon Creek
    DIANE RICHARDSON
  • 5122 48 Street NW in Calgary: Varsity Detached for sale : MLS®# A2238851

    5122 48 Street NW Varsity Calgary T3A 0S9
    Main Photo: 5122 48 Street NW in Calgary: Varsity Detached for sale : MLS®# A2238851
    $739,999
    Residential
    Status:
    Active
    MLS® Num:
    A2238851
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    1,118 sq. ft.
    Fantastic Investment Opportunity in Sought-After Varsity! Opportunity knocks in Varsity! A timeless NW gem known for its top schools, green spaces and unbeatable convenience! This Charming 5-Bedroom, 2-Bath Bungalow offers over 2,000 sqft of developed living space in one of Calgary’s most desirable communities. Whether seeking a solid investment property or a flexible home with income potential, this versatile bungalow fits the bill. The main floor features 3 bedrooms, a full 4-piece bath, a spacious Living room, and a Kitchen with a center island, granite countertops, and an eating bar, perfect for family meals or entertaining. The fully finished basement has a separate entrance, 2 additional bedrooms, a 3-piece bath, and a generous living area, ideal for tenants, guests, or extended family. Outside, enjoy a landscaped and fenced backyard with back lane access and a concrete pad that can accommodate an RV if needed, along with mature trees, a single detached garage, and a cozy front porch to enjoy while sipping your morning coffee. Located in Varsity, you're minutes from the University of Calgary, shopping, transit, and top-rated schools, making this an excellent choice for both homeowners and investors. Live upstairs and rent the basement, or rent both levels for strong cash flow potential. This is an unbeatable location with serious upside. Don’t miss your chance to own in Varsity, this opportunity won’t last! More details
    Listed by Jessica Chan Real Estate & Management Inc.
    DIANE RICHARDSON
  • 5003 Vantage Crescent NW in Calgary: Varsity Detached for sale : MLS®# A2241129

    5003 Vantage Crescent NW Varsity Calgary T3A 1X6
    Main Photo: 5003 Vantage Crescent NW in Calgary: Varsity Detached for sale : MLS®# A2241129
    $749,900
    Residential
    Status:
    Active
    MLS® Num:
    A2241129
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    1,211 sq. ft.
    Welcome to this move-in ready, single-level gem located on a quiet crescent in the highly sought-after community of Varsity. Lovingly cared for by long-time owners, this home blends timeless charm with thoughtful modern updates. Recent improvements—including a newer furnace, windows, and roof—offer peace of mind and enhanced energy efficiency for years to come. Inside, you’ll find a spacious layout featuring four generously sized bedrooms and two full bathrooms, ideal for families of all sizes or multigenerational living. A separate entrance to the fully finished basement provides flexibility for a home office, guest suite, or future secondary suite (subject to City approval). Step outside to enjoy a large, beautifully landscaped yard with mature trees and full fencing—perfect for kids, pets, and outdoor entertaining. The oversized double detached garage adds even more value with ample space for parking and storage. This unbeatable location puts you close to top-rated schools including F.E. Osborne, Marion Carson (Mandarin Immersion), and St. Vincent de Paul. You'll also enjoy quick access to Market Mall, the University of Calgary, University District, and Bowmont Park. Families will appreciate the nearby Alberta Children’s Hospital, and commuters will love being minutes from the Brentwood C-Train Station. With its prime location, functional layout, and well-maintained condition, this Varsity home is a rare and exceptional opportunity. More details
    Listed by RE/MAX First
    DIANE RICHARDSON
  • 4816 Verona Drive NW in Calgary: Varsity Detached for sale : MLS®# A2239294

    4816 Verona Drive NW Varsity Calgary T3A 0P4
    Main Photo: 4816 Verona Drive NW in Calgary: Varsity Detached for sale : MLS®# A2239294
    $750,000
    Residential
    Status:
    Active
    MLS® Num:
    A2239294
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    1,004 sq. ft.
    Welcome to this beautifully updated bungalow in the highly sought-after community of Varsity! Offering 1,004 sq ft above grade plus nearly 1,000 sq ft of developed basement space, this home is full of functional charm and versatile living options. Step inside to discover a bright and airy main level with large updated windows and doors, updated flooring, and a welcoming living area that flows seamlessly into the dining room and modernized kitchen. The kitchen shines with sleek white ceiling height custom cabinetry, stainless steel appliances, and a large window over the sink that frames stunning views of the beautifully landscaped south backyard. This level also boasts three good-sized bedrooms and a refreshed 4-piece bathroom, offering practical and comfortable family living. The fully developed basement nearly doubles your living space and offers incredible versatility. Here, you'll find a cozy family room, a private and spacious bedroom with walk-in closet, a stylish 3-piece bathroom, and a dedicated office area that’s perfect for working from home. The fun flex space makes an ideal spot for a home theater or hobby room, while the functional laundry room includes extra storage options for convenience. This home comes with several impactful updates, including a new hot water tank installed in 2024, a new electrical panel, all new windows and exterior doors and a built-in vacuum system to make everyday life easier. Additionally, the house and garage have both had new shingles, soffits, eavestroughs and downspouts recently replaced, ensuring added peace of mind for many years to come. Step outside to enjoy a private, fully fenced backyard oasis designed for relaxation and entertainment. The gorgeous wood deck, lush landscaping made up of glorious perennials, trees and string lighting offers the perfect ambiance for gatherings, while the detached double garage with lane access provides secure parking and storage. Voted one of Calgary's best neighborhoods, Varsity is cherished for its tree-lined streets, excellent schools, and unbeatable location. You'll be just minutes away from the University of Calgary, Market Mall, Foothills and Children’s Hospitals, and the Brentwood LRT station. The area boasts an abundance of green space, walking trails, and family-friendly parks, perfectly balancing city convenience with suburban charm. This stunning bungalow offers the perfect blend of modern updates, lifestyle-friendly features, and a prime location. Don’t miss your chance to make it yours—schedule a showing today! More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 4020 Varsity Drive NW in Calgary: Varsity Detached for sale : MLS®# A2245367

    4020 Varsity Drive NW Varsity Calgary T3A 0Z6
    OPEN HOUSE: Aug 10, 2025
    01:30 PM - 03:30 PM MDT
    Open House on Sunday, August 10, 2025 1:30PM - 3:30PM
    Main Photo: 4020 Varsity Drive NW in Calgary: Varsity Detached for sale : MLS®# A2245367
    $875,000
    Residential
    Status:
    Active
    MLS® Num:
    A2245367
    Bedrooms:
    5
    Bathrooms:
    3
    Floor Area:
    1,120 sq. ft.
    Open House, Aug 10, 1:30-3:30pm Welcome to this beautifully renovated home in the highly sought-after community of Varsity, where no expense has been spared. Featuring a modern open floor plan and luxury vinyl plank flooring throughout, this home is designed for both comfortable living and stylish entertaining. On the main level, you’ll find a bright and inviting family room with a show-stopping fireplace feature wall, a spacious dining area, and a chef’s kitchen complete with brand-new appliances, a massive island, quartz countertops, and under-cabinet lighting. The primary bedroom offers a private 2-piece ensuite, while two additional generously sized bedrooms and a full bathroom complete the main floor. The fully developed basement is perfect for family life or hosting guests, boasting a large recreation room with another beautiful fireplace feature wall, two more bedrooms, and a sleek 3-piece bathroom with a seamless glass shower. You'll also appreciate the brand-new washer and dryer, as well as a new furnace and hot water tank for peace of mind. Enjoy summer BBQs in the professionally landscaped backyard and park comfortably in the double detached garage. This home is ideally located close to top-rated schools, Market Mall, the University of Calgary, transit, and more. A perfect blend of luxury, comfort, and convenience — this is one you won’t want to miss! More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 4211 Vandyke Place NW in Calgary: Varsity Detached for sale : MLS®# A2230525

    4211 Vandyke Place NW Varsity Calgary T3A 0J7
    Main Photo: 4211 Vandyke Place NW in Calgary: Varsity Detached for sale : MLS®# A2230525
    $1,300,000
    Residential
    Status:
    Active
    MLS® Num:
    A2230525
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    1,710 sq. ft.
    Welcome to this brand-new luxury bungalow tucked away in a quiet cul-de-sac in Varsity—one of NW Calgary’s most desirable communities. This thoughtfully designed home features exceptional curb appeal with new landscaping, mature trees, and a welcoming front entry. Inside, soaring ceilings and oversized windows fill the open-concept main floor with natural light. A sleek fireplace anchors the front living room, which flows into the dining area and chef-inspired kitchen—complete with high-end stainless steel appliances, quartz counters, custom cabinetry, and a 13-ft island. The main-floor primary suite is a true retreat with its own fireplace, spacious walk-in closet, and a spa-like 5-piece en-suite with dual vanities, soaker tub, and separate shower. Two more bedrooms and a stylish 4-piece bathroom complete the main level. A custom mudroom with built-ins offers access to the double detached garage. Enjoy sunny afternoons in the west-facing backyard with a new deck (gas line for BBQ), fresh sod, and full fencing—perfect for entertaining, kids, or pets. The fully developed lower level adds over 1,200 sq ft of functional space, including a large family room with a third fireplace, wet bar, two more bedrooms (one with a private en-suite and steam shower), an additional full bathroom, and a dream laundry room with built-ins, steam closet, and utility sink. Ideally located minutes from Market Mall, U of C, Foothills Hospital, parks, LRT, and schools. With 5 bedrooms, 4 bathrooms, and nearly 3,000 sq ft of living space, this turnkey Varsity gem is perfect for families, professionals, or those seeking luxury single-level living. Book your private showing today! More details
    Listed by RE/MAX First
    DIANE RICHARDSON
  • 127 Varsity Estates Grove NW in Calgary: Varsity Detached for sale : MLS®# A2234895

    127 Varsity Estates Grove NW Varsity Calgary T3B 4C8
    Main Photo: 127 Varsity Estates Grove NW in Calgary: Varsity Detached for sale : MLS®# A2234895
    $1,739,900
    Residential
    Status:
    Active
    MLS® Num:
    A2234895
    Bedrooms:
    5
    Bathrooms:
    3
    Floor Area:
    2,007 sq. ft.
    Welcome to this beautifully updated bungalow, nestled on a quiet street in the prestigious community of Varsity Estates. Boasting over 3,700 sq ft of thoughtfully designed living space, this stunning home offers 5 bedrooms, an oversized double attached garage, and sun-soaked rooms throughout. Meticulously maintained and extensively updated, most recently between 2022 and 2024, it features fresh paint, two new furnaces, a new driveway, custom built-in storage, drinking water filtration system, garburator, new dishwasher, brand-new carpet, and a recently finished gym area in the basement—ensuring a true move-in-ready experience. Step into a welcoming foyer that opens into an expansive chef’s kitchen outfitted with granite countertops, high-end stainless steel appliances, custom maple cabinetry by Denca, and a functional breakfast bar. In-floor heating spans tiled areas on the main floor, adding comfort and warmth. The open-concept living and dining space is bathed in natural light from wall-to-wall windows and features a cozy stone-clad, wood-burning fireplace with gas assist. Exterior electric metal blinds on the living room and deck doors offer added comfort and privacy. French doors open onto a large south-facing deck, with two gas hookups added, that overlooks a ¼-acre, park-like backyard—perfect for outdoor entertaining, gardening, or peaceful relaxation. The primary bedroom is a private retreat with custom built-ins in addition to a walk-in closet, and a spa-like 4-piece ensuite with dual sinks and a luxurious steam shower. Two additional bedrooms and a 4-piece bathroom complete the main level. The fully finished walkout basement is designed for entertaining, featuring a spacious family room with a wet bar, a second fireplace, and direct access to the landscaped backyard with brick patio and gazebo. The lower level also offers two more bedrooms, a versatile den (ideal as a 6th bedroom or home gym), a well-equipped laundry room, and another 4-piece bathroom with a relaxing sauna. Mechanical highlights include two newer furnaces, central A/C, a water softener, and meticulous maintenance throughout. Situated on an expansive lot just minutes from parks and trails, top schools, shopping, dining, and the University of Calgary, this home combines space, style, and an unbeatable location. A true gem in Varsity Estates! More details
    Listed by Greater Property Group
    DIANE RICHARDSON
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Data was last updated August 7, 2025 at 06:05 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.