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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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HOMES FOR SALE IN OKOTOKS DOWNEY RIDGE
When searching Okotoks home listings click on DETAILS to view information about the listing and click on MORE... to view the property on a map, schedule a showing, email the listing or check affordability on the mortgage calculator. Every effort is made to make it as easy as possible for you to find and learn about Okotoks, Downey Ridge houses, townhomes & condos on AlbertaTownandCountry.com.
Diane Richardson @ 403-397-3706 (call or text) or email Diane@drichrealty.com
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70 Downey Road: Okotoks Detached for sale : MLS®# A2240964
70 Downey Road Okotoks T1S 1H7 
$1,090,000Residential- Status:
- Active
- MLS® Num:
- A2240964
- Bedrooms:
- 5
- Bathrooms:
- 6
- Floor Area:
- 2,469 sq. ft.
OPEN HOUSE SATURDAY AUGUST 23, 11-1PM**Perched on a coveted ridge in the Downey community, this 2468 sqft. bungalow offers panoramic views of the Town of Okotoks and the Rocky Mountains — plus rare income potential with 1 legal basement suite and 1 illegal basement suite. When you enter the main residence you'll step inside to a warm, expansive main floor featuring a spacious living room with a wood-burning fireplace and log lighter, a bright dining room, large kitchen with large centre island, ample cabinetry, a custom hand hammered copper hood vent, pot filler, trash compactor, garburator, skylight with motorized opener, and high-end appliances including the massive gas stove. There is an office space with a wood burning fireplace that leads out to a massive sunroom perfect for year-round enjoyment and great views. On the other end of the home is the 3 bedrooms, The primary suite boasts an electric fireplace with a stone feature wall, brand new carpet, an ensuite with dual vanity and walk in tiled shower, his and her closet and direct access to the deck through patio doors that fill the room with natural light. The other 2 bedrooms are appropriatley sized, and the full bathroom has been extensivley updated with free standing claw foot tub with stone accent wall, and large walk in shower - a must see to fully appreciate. The lower level features a large theatre room with an 88" TV, sound system, wet bar and wine cellar. Legal suite 1-Bedroom, 1 full bathroom: Private entrance, soundproofed, vinyl plank flooring, full kitchen, stacked laundry. Illegal suite 1-Bedroom, 1 full bathroom (currently tenanted): Private entrance, soundproofed, vinyl plank flooring, full kitchen, stacked laundry. The yard is a showstopper — fully landscaped with mature trees, gorgeous flower beds, underground sprinklers in both front and back, a tranquil trickling brook and a charming gazebo overlooking Okotoks. The large deck (resurfaced July 2025) features a pergola, intricate woodwork, gas lines for a BBQ and outdoor fireplaces, the side yard is equally impressive with stunning wood accents. The oversized, heated double attached garage has 2x 220V outlets, hot water taps, plus a freshly redone (July 2025) driveway along with ample street parking. There is no shortage of space, views, or income potential here. Walking distance to the Okotoks Recreation Centre, multiple elementary and junior high schools, and minutes from parks, pathways, and shopping. Easy 20-minute commute to Calgary.This is more than a home — it’s an investment in lifestyle and opportunity. More detailsListed by RE/MAX iRealty Innovations- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
