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Affordable 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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5 BEDROOM HOMES FOR SALE IN CALGARY
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72 Fonda Crescent SE in Calgary: Forest Heights Semi Detached (Half Duplex) for sale : MLS®# A2236681
72 Fonda Crescent SE Forest Heights Calgary T2A 5S6 $380,000Residential- Status:
- Active
- MLS® Num:
- A2236681
- Bedrooms:
- 5
- Bathrooms:
- 2
- Floor Area:
- 920 sq. ft.86 m2
Great Investment! or live with renting down. 3 bedroom, kitchen and full bathroom on main floor. There are 2 bedroom and kitchen one full bathroom, in the basement illegal suite. Close to shopping, school. More detailsListed by Skyrock- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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218 Whitman Place NE in Calgary: Whitehorn Semi Detached (Half Duplex) for sale : MLS®# A2240914
218 Whitman Place NE Whitehorn Calgary T1Y 4H9 $435,000Residential- Status:
- Active
- MLS® Num:
- A2240914
- Bedrooms:
- 6
- Bathrooms:
- 2
- Floor Area:
- 910 sq. ft.84 m2
Just an 8-minute walk to Whitehorn LRT! This fully developed semi-detached bungalow offers incredible value for investors or large families. Featuring 909 Sq.Ft on the main level plus 836 Sq.Ft in the finished basement, with 6 bedrooms total — 3 up and 3 down. Basement bedroom windows have been enlarged for added safety. The main floor includes a large front living room, dining area across from the kitchen, and a kitchen with stainless steel appliances. The basement offers a spacious rec room and laundry area. Currently rented by 5 tenants, generating $3,600/month in rental income. With 20% down, projected positive cash flow of approx. $1,500/month after property taxes. Updates over the years include newer kitchen, appliances, and water heater. Located on a quiet cul-de-sac with a playground nearby, close to shopping, schools, Peter Lougheed Hospital, and transit. Parking for 2 vehicles in rear stalls plus ample street parking. A great opportunity for cash-flow investors or families needing space — this one won’t last! More detailsListed by Real Broker- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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143 Falton Drive NE in Calgary: Falconridge Semi Detached (Half Duplex) for sale : MLS®# A2242592
143 Falton Drive NE Falconridge Calgary T3J 1W7 $449,900Residential- Status:
- Active
- MLS® Num:
- A2242592
- Bedrooms:
- 5
- Bathrooms:
- 3
- Floor Area:
- 990 sq. ft.92 m2
Introducing this BEAUTIFULLY UPDATED bungalow-style semi-detached home in the heart of Falconridge. This exceptional property features a fully finished two-bedroom illegal basement suite. Upon arrival, you are greeted by a freshly painted interior and new laminate flooring throughout, enhancing the home’s bright and inviting atmosphere. The main level offers a spacious family room, a well-appointed kitchen, three bedrooms, one 4-piece bathroom, and a 2-piece ensuite. The lower level features a sizable family room—ideal for relaxation—along with two comfortable bedrooms, a 4-piece bathroom, and a laundry room. This home is ideally located within walking distance to parks and several schools. Don’t miss the opportunity to own this bungalow-style home with an income-generating basement. RECENT UPDATES include: newer paint, laminate flooring, newer roof, and new basement windows. More detailsListed by Royal LePage Blue Sky- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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72 Whitworth Way NE in Calgary: Whitehorn Semi Detached (Half Duplex) for sale : MLS®# A2245407
72 Whitworth Way NE Whitehorn Calgary T1Y 6A8 $449,900Residential- Status:
- Active
- MLS® Num:
- A2245407
- Bedrooms:
- 5
- Bathrooms:
- 2
- Floor Area:
- 897 sq. ft.83 m2
Welcome to 72 Whitworth Way NE: a beautifully updated 5-bedroom bi-level on a quiet street in Whitehorn. This home offers 3 bedrooms on the main level and 2 more in the fully finished basement, which includes a separate entrance, its own kitchen, separate laundry, a brand-new sump pump, new furnace, and a tankless hot water system—perfect for extended family or rental income with peace of mind. Upstairs features an open-concept layout with modern finishes, a renovated white kitchen with built-in vacuum pan, and no carpet throughout just clean, low-maintenance flooring. Recent upgrades include newer shingles. The fully fenced backyard provides a private outdoor space with room to relax, entertain, or garden. Just minutes from Whitehorn LRT, bus stops, Peter Lougheed Hospital, schools, parks, and shopping, this home combines comfort, flexibility, and convenience in one of NE Calgary’s most connected neighborhoods. DON'T MISS IT. More detailsListed by URBAN-REALTY.ca- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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6060 Madigan Drive NE in Calgary: Marlborough Park Detached for sale : MLS®# A2234032
6060 Madigan Drive NE Marlborough Park Calgary T2A 5P8 $452,000Residential- Status:
- Active
- MLS® Num:
- A2234032
- Bedrooms:
- 5
- Bathrooms:
- 2
- Floor Area:
- 980 sq. ft.91 m2
COURT ORDERED SALE! HANDYMAN SPECIAL WITH LOTS OF POTENTIAL!! Fully Developed Bungalow in the heart of Marlborough Park. Located on a great street across from the school, parks & playground. Main floor layout features a large living room, kitchen, 4 pc bathroom and 3 bedrooms. The lower level has a separate entrance leading to an ILLEGAL 2 bedroom basement suite the a spacious rec room, 2nd kitchen, 4 pc bathroom and 2 additional bedrooms. The large backyard features a deck and an oversized 2 car garage (30x20) with additional room for 2 cars to park beside or can be used for parking a trailer, boat or RV. There is a new roof on the main part of the house. This home requires a lot of work but also has lots of potential. More detailsListed by Charles- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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55 Templemont Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2238469
55 Templemont Drive NE Temple Calgary T1Y 4Z5 $464,900Residential- Status:
- Active
- MLS® Num:
- A2238469
- Bedrooms:
- 5
- Bathrooms:
- 4
- Floor Area:
- 1,232 sq. ft.114 m2
5 BEDS | 2 FULL & 2 HALF BATHS | PRIMARY WITH 2-PIECE ENSUITE | LVP FLOORING | WOOD-BURNING FIREPLACE | FULLY DEVELOPED BASEMENT | OVERSIZED DOUBLE DETACHED GARAGE | WALKING DISTANCE TO TRANSIT, SCHOOLS & SHOPPING | 10 MIN TO MCKNIGHT LRT Welcome to this well-maintained home in the family-friendly community of Temple! This spacious property features 5 bedrooms, 2 full bathrooms, and 2 half bathrooms, including a primary bedroom with its own 2-piece ensuite. The main and upper floors are finished with durable luxury vinyl plank (LVP) flooring, and the cozy wood-burning fireplace in the living room adds warmth and character. The fully developed basement offers 2 additional bedrooms and a full bathroom, providing excellent space for extended family, guests, or a home office setup. An oversized double detached heated garage ensures comfort during Calgary’s winter months. Ideally located within walking distance to transit, schools, and shopping, and just a 10-minute drive to McKnight LRT Station, this home blends comfort, functionality, and convenience. More detailsListed by RE/MAX Real Estate (Mountain View)- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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75 Woodglen Close SW in Calgary: Woodbine Detached for sale : MLS®# A2232602
75 Woodglen Close SW Woodbine Calgary T2W 4M9 $480,000Residential- Status:
- Active
- MLS® Num:
- A2232602
- Bedrooms:
- 5
- Bathrooms:
- 2
- Floor Area:
- 1,107 sq. ft.103 m2
*OPEN HOUSE: Friday July 25, 4pm-6:30pm* Welcome to 75 Woodglen Close SW — a spacious and well-laid-out 5-bedroom bungalow tucked away on a quiet cul-de-sac in the desirable community of Woodbine. Situated on a generous corner lot, this home offers comfort, functionality, and opportunity for customization. The inviting main floor features a bright living room with a bay window, hardwood flooring, and a cozy wood-burning fireplace — perfect for relaxing evenings. The kitchen, while original, offers plenty of space and storage to bring your own design ideas to life. Also on the main level are three well-sized bedrooms, a full bathroom, and a convenient main floor washer and dryer setup. Downstairs, the finished basement offers a spacious family/recreation room, two additional bedrooms, a second full bathroom, and a roughed-in laundry room, ideal for guests or multi-generational living. While this home has great bones and an excellent layout, it does require renovations and some TLC, making it a fantastic opportunity for buyers looking to add value and make it their own. Outside, enjoy a fenced backyard perfect for family gatherings or quiet mornings on the back deck. The oversized detached single garage adds excellent storage or workshop space. Located near top-rated schools from Kindergarten to grade 12 (Woodbine Elementary, John Ware Middle School, Henry Wise Wood Highschool), parks, and Fish Creek Provincial Park, with easy access to shops, transit, and Stoney Trail. This is a great opportunity to own in a family-friendly neighborhood with strong community spirit. More detailsListed by Century 21 Masters- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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1117 36 Street SE in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2244689
1117 36 Street SE Albert Park/Radisson Heights Calgary T2A 1C1 $497,500Residential- Status:
- Active
- MLS® Num:
- A2244689
- Bedrooms:
- 5
- Bathrooms:
- 2
- Floor Area:
- 999 sq. ft.93 m2
RENOVATED HALF DUPLEX IN ALBERT PARK WITH TONS OF GREAT FEATURES - AMAZING STARTER HOME / INVESTMENT PROPERTY - 2 BEDROOM ILLEGAL SUITE WITH UPDATES - SEPARATE ENTRANCE - SEPARATE LAUNDRIES - BRAND NEW CONCRETE PARKING PAD IN THE REAR - BACK LANE ACCESS - NEW EXTERIOR PAINT AND SOME NEW WINDOWS - APPROXIMATELY 10 MINUTES TO DOWNTOWN CALGARY - EASY ACCESS TO ALL THE AMENITIES ON INTERNATIONAL AVENUE & THE LINE UP OF STORES IN MARLBOROUGH (ALONG 36 ST NE) - EASY ACCESS TO TRANSIT, SCHOOLS & PARKS - Offering 1800+ SQFT of luxurious living space with 5 bedrooms, 2 FULL baths and BRAND NEW CONCRETE PARKING PAD - The main level offers a spacious family room with a large window, kitchen with stainless steel appliances, dining, FULL bath and 3 bedrooms! The illegal suite in the basement has its own SEPARATE ENTRANCE and features a rec/living room, kitchen with updated appliances and updated cabinetry, NEW FULL BATH and 2 well sized bedrooms! Some of the landscaping in the backyard has been refreshed with sod and newer fencing; the home also boasts NEW EXTERIOR PAINT. Another HIGHLIGHT OF THIS HOME IS THE LOCATION - close proximity to Downtown YYC, easy access to major roads such as International Ave (17 Ave SE), Memorial Drive and Deerfoot Trail; public transportation included! LOTS OF POTENTIAL WITH THIS HOME - LIVE UP & RENT DOWN OR USE IT AS AN INVESTMENT PROPERTY AND RENT OUT BOTH SPACES! Call your favourite realtor for a viewing today! More detailsListed by Real Broker- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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183 Penbrooke Close SE in Calgary: Penbrooke Meadows Semi Detached (Half Duplex) for sale : MLS®# A2220335
183 Penbrooke Close SE Penbrooke Meadows Calgary T2A 3N9 $499,000Residential- Status:
- Active
- MLS® Num:
- A2220335
- Bedrooms:
- 5
- Bathrooms:
- 2
- Floor Area:
- 999 sq. ft.93 m2
Investors and First time home Buyers Alert! This spacious half duplex boasts 5 generously sized bedrooms and 2 full bathrooms. Offering exceptional value and income potential. With a well thought out layout that easily accommodates large families or tenants, this property is an ideal addition to any portfolio. The upper and lower levels provide flexible living arrangements. Situated in a desirable, well connected neighbourhood close to schools, public transport, parks, and shopping, this home is sure to be the perfect rental performer as well as great home to settle down in. Whether you are looking to live up and rent down, or have it as a full investment, DO NOT miss this rare opportunity to own a property with endless potential! More detailsListed by Real Broker- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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43 Falshire Close NE in Calgary: Falconridge Detached for sale : MLS®# A2241861
43 Falshire Close NE Falconridge Calgary T3J 3A2 $499,000Residential- Status:
- Active
- MLS® Num:
- A2241861
- Bedrooms:
- 5
- Bathrooms:
- 2
- Floor Area:
- 1,090 sq. ft.101 m2
NICE AND CLEAN 4 LEVEL SPLIT WITH 3+2 BEDROOMS 2 FULL BATHS.LIVING ROOM WITH BAY WINDOW.FORMAL DINING ROOM AND ALSO BREAKFAST NOOK IN THE KITCHEN.CLOSE TO 2 SCHOOLS.EASY TO SHOW.SHOWS NICE. More detailsListed by Royal LePage METRO- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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2602 44 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2239922
2602 44 Street SE Forest Lawn Calgary T2B 1J6 OPEN HOUSE: Aug 09, 202501:30 PM - 04:00 PM MDTOpen House on Saturday, August 9, 2025 1:30PM - 4:00PM Fresh, clean home with a suite down and a large lot, many upgrades, roof, HE furnace, windows, siding, etc.Vacant and ready to move into$499,500Residential- Status:
- Active
- MLS® Num:
- A2239922
- Bedrooms:
- 5
- Bathrooms:
- 2
- Floor Area:
- 984 sq. ft.91 m2
Looking for a new home and or investment property, please check out this brand new listing that just hit the market. It has had many upgrades and yes a brand new roof has just happened. This home features a large living room and a huge kitchen and three spacious bedrooms on the main floor plus a 4 piece bath, tile floors in the kitchen and hardwood floors through out. The kitchen cabinets and counter tops have been upgraded as have the windows. The lower level features a illegal two bedroom suite, three piece bathroom, upgraded HE furnace and upgraded electrical panel and a shared laundry room. The illegal suite has a large living room and quite a large bedroom plus a full kitchen and good appliances. The second bedroom is being used as a office . The previous tenants have just moved out and so the house has had a complete overhaul, deep cleaning, fresh paint, etc. totally move min ready .The lot is huge, 5875 square feet, perfect for redevelopment in the future. Forest Lawn is being rediscovered as a good investment area and as a place to find a truly affordable home to live in and enjoy the many amenities that are nearby, schools galore, parks, shopping and restaurants, very good transit service and quite close into downtown plus Chestermere Lake recreation area is very close by . PLease come and have a look. Very quick possession possible. More detailsListed by Calgary West Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
632 55 Street SE Penbrooke Meadows Calgary T2A 3R6 $500,000Residential- Status:
- Active
- MLS® Num:
- A2242804
- Bedrooms:
- 7
- Bathrooms:
- 3
- Floor Area:
- 1,188 sq. ft.110 m2
Investor Alert & Family Gem – Live In, Rent Out, or Flip! At $500,000, this home offers strong value compared to renovated homes in Penbrooke Meadows that have recently sold for around $650,000. Welcome to 632 55 St SE—a spacious 7-bedroom home offering exceptional income potential and redevelopment upside. Whether you're looking to build long-term wealth through rental cash flow or flip and resell for high profit, this is the kind of opportunity investors dream of. The main floor features a bright, open-concept layout with 3 bedrooms and 2 full bathrooms—ideal for family living or attracting quality tenants. Large windows let the sunlight pour in, creating a warm, inviting space that flows effortlessly from room to room. The fully finished basement includes a 3-bedroom illegal suite with a separate entrance, previously rented for $1,800/month—a proven income generator. The converted garage adds even more value as a 7th bedroom with a private entrance, also previously rented for $800/month. Prefer a garage instead? It can easily be converted back to a single attached garage. While many major upgrades have already been taken care of, a little TLC will go a long way—perfect for those looking to add value and boost returns. Recent Upgrades Include: Electrical wiring upgraded to Copper (City-inspected and approved), New electrical meter (City-inspected and approved), All new LED lighting throughout, Six windows replaced in the last 1–2 years, Ceramic & luxury vinyl plank flooring (installed approx. 1–2 years ago), Roof replaced approx. 4–5 years ago. Zoned R-CG = Even More Potential!! This highly flexible zoning allows for future development, legal suites, or increased density—ideal for forward-thinking investors. The sunny yard, mature trees, and Back Lane Access provide space to Build a Brand-New Double Detached Garage to further boost property value. Prime Location Situated close to schools, parks, shopping (Penbrooke Plaza), and offering fast access to 17th Ave, Memorial Drive, Stoney Trail, and Deerfoot Trail, this home is perfectly positioned to attract reliable tenants and maximize rental demand. Highlights: 7 total bedrooms, Fully separate basement suite, Converted garage = bonus income or easy garage conversion, Updated major systems: electrical, roof, flooring, windows, Zoned R-CG for redevelopment and expansion, Proven rental income + strong cash flow potential, Perfect for flipping or long-term holding. Whether you want to cash flow from day one, renovate and resell, or redevelop for greater upside, this property has the bones, location, and numbers to make it work. Don’t wait—book your private showing today and unlock the potential of 632 55 St SE! More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email