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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Phone: 403.397.3706
Email: diane@mypadcalgary.com

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Quick possession homes Okotoks

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  • 37 Elma Street W: Okotoks Detached for sale : MLS®# A2242439

    37 Elma Street W Okotoks Okotoks T1S 1J7
    Main Photo: 37 Elma Street W: Okotoks Detached for sale : MLS®# A2242439
    $975,000
    Residential
    Status:
    Active
    MLS® Num:
    A2242439
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,271 sq. ft.
    ATTENTION INVESTORS, DEVELOPERS, BUSINESSES - EXCEPTIONAL VALUE! Zoned "DOWNTOWN DISTRICT", this property offers a world of potential, having TWO FULLY FUNCTIONAL RESIDENCES, with revenue, residential, or discretionary commercial uses. This is a great opportunity with so many options. Beautiful historic Elma Street offers a mix of private residences, small businesses, shops, restaurants, lined with towering trees and only a few steps from the heart of Olde Town Okotoks shopping district. Enjoy the downtown lifestyle with walkability to amenities, pathways, river park and easy access to Calgary. The latest development on this property (2023) is a fully detached legal self-contained 363 sq. ft. TINY HOME with private patio, gas-line for barbeque. OVERSIZE DOUBLE GARAGE (heated, insulated, epoxy flooring) attached to tiny home. Back alley access with 5 PAVED PARKING STALLS which is ideal for commercial or home-based business uses. All on a MASSIVE LOT (75’x 115’) offering peace and privacy, fenced, beautifully landscaped with mature trees, shrubs, retaining walls, gardens and courtyard areas. The primary home and legal tiny home can both enjoy the lovely back yard space. There is no end to the possibilities here! This one-of-a-kind walkout bungalow has attractive curb appeal with Spanish style exterior, second floor tower loft and a quaint front lounging deck. Built in 1934, the timeless Heritage details have been preserved and beautifully maintained with country charm, giving a Homes and Gardens vibe. Hardwood flooring, towering ceilings, vintage doors, trim and fixtures. The functional plan is bright, spacious, has large windows for enjoyment of morning and afternoon light. Front entrance opens to spacious living room with fireplace feature wall (fireplace decorative only). Fabulous country chic kitchen with plenty of cupboard and counter space. Adjoining open dining area with access to updated deck and privacy walls. Dining area with open staircase leading to upper loft flex room, ideal for office, playroom, or guest room. Primary and secondary bedrooms are on the main level as well as a 4-piece bathroom, and storage closet spaces. The lower basement level is fully developed featuring spacious family/games room area (with space to develop an additional bedroom), 4-piece bathroom, wet bar counter with cabinets, laundry area, updated vinyl plank flooring, and walk-out to back yard. This area is ideal for family activities, home office, with potential for a legal or illegal suite (Note: legal suite designation requires Town of Okotoks approval). The detached back yard Tiny Home has been occupied only by the owner. It features a modern kitchen, dining/living space, separate laundry/utility room (European washer/dryer), good size bedroom, 4-piece bathroom, high ceilings, and in-floor heat throughout. This exceptional property is move-in ready with quick possession. More details
    Listed by Real Estate Professionals Inc.
    DIANE RICHARDSON
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Data was last updated August 6, 2025 at 02:05 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.