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Calgary Condos for Sale Under $500,000 | MLS® Listings
Browse Calgary condos for sale under $500,000 and compare apartment-style condominium listings by location, bedroom count, condo fees, parking, storage, building condition and total monthly ownership costs.
Explore current Calgary condos for sale under $500,000 and compare condominium properties across a broad range of Calgary communities. Depending on current MLS® inventory, this price range can include one-, two- and three-bedroom apartment condos, newer units, established buildings and properties in suburban, inner-city and central Calgary locations.
A budget of up to $500,000 can provide a wider condo search than lower price ranges, but price alone does not determine value. Two similarly priced condos can differ substantially in floor area, bedroom count, parking, storage, building age, monthly fees, reserve-fund strength, renovations and location.
- Compare More Than Price Review bedroom count, floor plan, building age, location, parking, storage, outdoor space, renovations and overall unit condition.
- Calculate Monthly Ownership Costs Condo fees, property taxes, utilities, unit insurance and possible future assessments can materially affect affordability beyond the purchase price.
- Review the Corporation Examine reserve-fund information, financial statements, insurance, recent minutes, planned repairs, bylaws and special assessments where applicable.
What Can a Condo Budget Up to $500,000 Change?
Compared with a lower price ceiling, increasing a Calgary condo budget can potentially expand the selection of locations, bedroom counts, floor plans, parking arrangements, newer buildings and larger units. The actual difference depends on current inventory, so buyers should compare individual properties rather than assume that spending more automatically means receiving better value.
One buyer may prefer a smaller condo in a more central location, while another may prioritize an additional bedroom, indoor parking, more storage, a larger balcony or a newer building farther from the city centre. The best choice depends on how the property will actually be used.
Always compare the asking price with the monthly condo fee and exactly what that fee includes. Property taxes, unit insurance, utilities not covered by the condominium corporation, parking costs and expected renovations should also be considered when calculating the complete ownership cost.
Condo Fees, Reserve Funds & Building Condition
Before buying a Calgary condo under $500,000, review more than the individual unit. Condominium ownership also involves the financial position of the corporation and the physical condition of the common property.
Available due-diligence documents can include financial statements, reserve-fund studies or other reserve-fund information, corporation insurance, board and annual meeting minutes, current bylaws and information about planned capital repairs or special assessments.
Parking and storage should also be verified carefully. Determine whether each is titled, assigned, leased, common property or otherwise designated rather than relying only on the MLS® description.
Should You Search Under $300,000 or Under $500,000?
A broader budget does not mean you need to spend to your maximum. Comparing different price ranges can help you understand what additional purchase price may provide in terms of interior space, bedroom count, location, parking, storage, building age and condition.
If keeping the purchase price lower is the priority, compare Calgary condos under $300,000. Buyers looking at the lower end of the market can also explore Calgary condos under $200,000.
If you want to compare this price range with the entire Calgary condominium market, browse all Calgary condos for sale.
Questions about Calgary condos for sale under $500,000?
Contact Diane Richardson at 403.397.3706, email diane@mypadcalgary.com or use the online contact form.
Calgary Condos for Sale Under $500,000
Calgary Condos for Sale Under $500K | MLS® Listings
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113 838 19 Avenue SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2354704
113 838 19 Avenue SW Calgary T2T 6H2 
$425,000Residential- Status:
- Active
- MLS® Num:
- A2354704
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 1,112 sq. ft.
Most condo buyers settle for a small balcony. This 1,000+ sq ft home on beautiful tree-lined 19th Avenue has a courtyard big enough for a full patio table and a separate lounge area, and it sits steps from 17th Ave’s restaurants, cafés and shops. Inside, the kitchen has stainless steel appliances, a gas range, an eat-up bar, a pantry and plenty of counter space. It opens to a dining area that fits a full table. Both bedrooms are well sized. The primary overlooks the patio and has a walkthrough closet and private ensuite, and the second bedroom has its own walk-in closet. There’s a second full bathroom, in-suite laundry, air conditioning and 1 titled parking stall. The common areas are clean and well kept, and the location suits anyone who wants to walk to dinner and come home to a quiet street. Book a showing and see the courtyard in person! More detailsListed by REMAX Innovations- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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2311 1053 10 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2352744
2311 1053 10 Street SW Calgary T2R 1S6
$375,000Residential- Status:
- Active
- MLS® Num:
- A2352744
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 1,113 sq. ft.
23rd floor penthouse on 10th Street SW. Two bedrooms, two bathrooms, and a south-facing balcony overlooking the city. The unit has tile and laminate flooring throughout and in-suite laundry. Underground parking stall included. The building offers a 24-hour front desk concierge, and all utilities are covered in the condo fees, which keeps monthly costs simple. Downtown location close to offices, transit, restaurants and the Bow River pathways. More detailsListed by MaxWell Canyon Creek- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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105 1605 17 Street SE in Calgary: Inglewood Apartment for sale : MLS®# A2354629
105 1605 17 Street SE Calgary T2G 2L7
$329,900Residential- Status:
- Active
- MLS® Num:
- A2354629
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 730 sq. ft.
Welcome to this immaculate, 2023-built 2-bedroom, 2-bathroom condo in the vibrant and historic community of Inglewood. Good for AIRBNB & SHORTERM RENTALS. Offering 700+ sq. ft. of thoughtfully designed living space, this bright MAIN-floor unit combines modern style with low-maintenance living. The stylish kitchen features quartz countertops, stainless steel appliances, and a contemporary backsplash, flowing seamlessly into the open-concept living and dining area. Large windows provide an abundance of natural light, while luxury vinyl plank flooring adds a modern touch. The primary bedroom includes a walk-through closet leading to a private 4-piece ensuite, and the second bedroom and full bath offer flexibility for guests or a home office.Additional features include in-suite laundry, a private balcony, and one titled heated underground parking stall. This pet-friendly building (with board approval) is ideally located just minutes from Inglewood's shops, restaurants, cafés, Bow River pathways, and downtown. Perfect for first-time buyers, investors, or downsizers, this move-in-ready condo offers exceptional value in one of Calgary's most desirable communities. Book your private showing today with your favourite Realtor! More detailsListed by Diamond Realty & Associates Ltd- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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404 655 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2354676
404 655 Shawnee Square SW Calgary T2Y 1E3
$365,900Residential- Status:
- Active
- MLS® Num:
- A2354676
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 862 sq. ft.
Welcome to your brand-new home in Shawnee Slopes, where modern design meets everyday comfort. This stylish 2-bedroom plus den, 2-bathroom condo in the new Fish Creek Exchange development offers 922 sq. ft. (builder size) of smart, functional living space. Inside, you’ll find high ceilings, luxury vinyl plank flooring, and a beautifully designed kitchen with quartz countertops, full-height cabinetry, and stainless steel appliances — the kind of kitchen that makes cooking feel effortless. The open layout flows seamlessly into the private North West-ground floor facing balcony, a perfect spot to unwind with morning coffee, enjoy summer evenings, or take in Calgary’s signature sunsets. Every detail has been considered for convenience and ease, including titled underground parking and a secure storage cage. Located just steps from the Fish Creek–Lacombe LRT Station and minutes from Fish Creek Provincial Park, you’ll enjoy the best of both worlds — city connectivity and nature at your doorstep. Whether you’re a first-time buyer, an investor, or someone looking to simplify without compromise, this home offers a refreshing balance of style, function, and lifestyle in one of Calgary’s most sought-after communities. More detailsListed by The Real Estate District- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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5216 15 Sage Meadows Landing NW in Calgary: Sage Hill Apartment for sale : MLS®# A2354531
5216 15 Sage Meadows Landing NW Calgary T3P 1E5
$299,990Residential- Status:
- Active
- MLS® Num:
- A2354531
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 806 sq. ft.
Stylish, Move-In-Ready Living at Sage Hill Park II | Welcome to Sage Hill Park II, where modern design meets everyday comfort! This beautifully maintained condo showcases the sought-after Excellent floor plan by Brad Remington Homes, offering 2 spacious bedrooms, 2 full bathrooms, and an inviting open-concept layout. Freshly painted before listing, professionally cleaned, and featuring recently shampooed carpets, this immaculate home is ready for you to move in and enjoy. Modern zebra blinds throughout add a stylish finishing touch. The bright and airy interior features 9-foot ceilings and luxury vinyl plank flooring throughout the kitchen, living area, and bathrooms. The chef-inspired kitchen is thoughtfully designed with elegant quartz countertops, soft-close cabinetry, upgraded 42-inch upper cabinets, and a generous 96-inch Charlie pantry. The upgraded stainless steel appliance package includes a refrigerator with ice and water dispenser, electric stove, built-in dishwasher, and over-the-range microwave. A front-load washer and dryer add everyday convenience. The spacious primary bedroom offers a relaxing retreat, complete with a well-appointed ensuite featuring a deluxe shower. The second bedroom provides excellent flexibility for guests, a home office, or additional living space. Both bedrooms feature plush carpeting for added warmth and comfort. Premium upgrades and features include: Upgraded stainless steel appliance package 42-inch upper kitchen cabinets and 96-inch Charlie pantry Quartz countertops and soft-close cabinetry Luxury vinyl plank flooring in the kitchen, living area, and bathrooms Rough-in for future air conditioning installation Deluxe ensuite shower In-suite laundry with front-load washer and dryer Modern zebra blinds and all window coverings included Titled underground parking stall Dedicated storage unit Backing onto a beautiful environmental reserve and regional bike pathway, this home offers a wonderful balance of urban convenience and natural surroundings. Enjoy peaceful views and easy access to outdoor recreation, walking, and cycling routes right outside your community. The location is equally impressive! Walk to Sage Hill Crossing for shopping, restaurants, and everyday essentials, or head just minutes away to Beacon Hill Centre, featuring Costco and a wide selection of major retailers. With quick and convenient access to Stoney Trail, commuting throughout Calgary is simple and efficient. With $12,297 in builder upgrades, detailed upgrade documentation, and the builder-marked floor plan included in the supplements for your review, this exceptional property offers outstanding value and thoughtful design in one of Northwest Calgary's desirable communities. Whether you're a first-time homebuyer, downsizing, or looking for an attractive investment opportunity, this move-in-ready condo checks all the boxes. Modern finishes, functional living space, nature at your doorstep, and unbeatable convenience—don't miss it. More detailsListed by Royal LePage Mission Real Estate- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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1218 395 Skyview Parkway NE in Calgary: Cityscape Apartment for sale : MLS®# A2352985
1218 395 Skyview Parkway NE Calgary T3N 2K1
$249,800Residential- Status:
- Active
- MLS® Num:
- A2352985
- Bedrooms:
- 2
- Bathrooms:
- 1
- Floor Area:
- 607 sq. ft.
Exceptional opportunity to own a stylish 2-bedroom, 1-bathroom condo in the sought-after Cavallo development! Situated on the second floor, this beautifully designed home offers a bright, open-concept layout with high ceilings, expansive windows, and modern finishes throughout. The contemporary kitchen features quartz countertops, stainless steel appliances, ample cabinetry, and a seamless flow into the spacious living area. Enjoy two well-sized bedrooms, a full bathroom, convenient in-suite laundry, and a generous private balcony complete with a gas line for outdoor entertaining. Cavallo offers outstanding amenities, including a fitness centre, pet spa, entertainment lounge, visitor parking, and EV charging stations. Perfectly positioned within walking distance of restaurants, grocery stores, shopping, and everyday essentials, with quick access to Stoney Trail and Calgary International Airport. Whether you're a first-time buyer, downsizer, or investor, this property delivers exceptional convenience, modern comfort, and an unbeatable lifestyle. An incredible opportunity you won't want to miss! More detailsListed by eXp Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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2222 1010 Arbour Lake Road NW in Calgary: Arbour Lake Apartment for sale : MLS®# A2354594
2222 1010 Arbour Lake Road NW Calgary T3G 4Y8
$299,900Residential- Status:
- Active
- MLS® Num:
- A2354594
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 963 sq. ft.
Welcome to this bright and inviting second-floor unit in the sought-after Stonecroft at Arbour Lake. With 9-foot ceilings and an open-concept layout, this home features a kitchen with a raised eating bar, a dedicated dining area and a comfortable living room with a fireplace. Step out to the covered deck, complete with a gas line for your BBQ. The thoughtful floor plan includes a den with a built-in wall unit, two spacious bedrooms and two full bathrooms. The primary bedroom offers a walk-in closet and private ensuite. Two titled parking stalls are included—one heated underground stall and one above-ground stall, a rare and valuable feature. Residents can enjoy the building’s workshop, large recreation room and grand foyer. Just a short distance away, Arbour Lake offers beaches, tennis courts, playgrounds and year-round activities, including fishing, boating, ice skating and paddleboarding. The Arbour Lake Residents Association also hosts seasonal programs and activities for families, children, teens and seniors. Enjoy a convenient location close to green spaces, bus stops, schools, shopping, restaurants and the LRT at Crowfoot Centre. With easy access to Stoney and Crowchild Trails, the University of Calgary, Foothills and Alberta Children’s hospitals, Shane and Melcor YMCAs, and Crowfoot Library, this home offers a wonderful blend of comfort, community 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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2401 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2351193
2401 215 Legacy Boulevard SE Calgary T2X 3Z5
$315,000Residential- Status:
- Active
- MLS® Num:
- A2351193
- Bedrooms:
- 3
- Bathrooms:
- 2
- Floor Area:
- 832 sq. ft.
RARE 3-BEDROOM, 2-BATHROOM TOP-FLOOR CORNER UNIT WITH STUNNING SOUTH-FACING VIEWS! Welcome to this beautifully upgraded, AIR-CONDITIONED 832 SQ.FT. apartment in the sought-after Legacy Park I complex! If you've been searching for a bright, spacious home with an excellent layout, plenty of natural light and a fantastic location, THIS IS IT! OVER $23,000 IN BUILDER UPGRADES! The gorgeous kitchen features extended cabinetry, upgraded appliances, a stylish backsplash and a convenient island, perfect for everyday living and entertaining. HIGH-QUALITY LAMINATE AND TILE FLOORING throughout the entire unit means NO CARPET! The spacious SOUTH-FACING LIVING ROOM is flooded with natural light and opens onto your PRIVATE BALCONY, where you can relax, enjoy the sunshine and take in the beautiful views of south Calgary. THREE GOOD-SIZED BEDROOMS offer plenty of flexibility for families, guests or a home office. One of the bedrooms is particularly bright, featuring TWO LARGE WINDOWS facing SOUTH and WEST! The PRIMARY BEDROOM includes its own WEST-FACING WINDOW and PRIVATE 3-PIECE ENSUITE. A second full bathroom completes this very functional floor plan. PARKING & STORAGE? YOU'VE GOT BOTH! This unit comes with a TITLED UNDERGROUND PARKING STALL, conveniently located RIGHT BY THE ELEVATOR ENTRANCE! Even better, your ASSIGNED STORAGE LOCKER is located just steps away from your parking stall, making everyday life that much easier. QUALITY CONSTRUCTION & EXCELLENT COMPLEX! Legacy Park I was built by award-winning Brad Remington Homes and is a well-managed condominium complex with a healthy reserve fund. LOCATION, LOCATION, LOCATION! Everything you need is close by! WALK to a large shopping plaza offering coffee shops, restaurants and everyday conveniences. A HIGH SCHOOL is located right across the street, and families will appreciate the nearby playground. Enjoy TWO BEAUTIFUL PONDS surrounded by walking pathways, or explore the expansive NATURAL RESERVE nearby, connecting to FISH CREEK PARK and the BOW RIVER pathway system! Whether you enjoy walking, cycling, spending time outdoors or simply having amenities at your doorstep, this location has it all! TOP FLOOR! CORNER UNIT! 3 BEDROOMS! AIR CONDITIONING! OVER $23,000 IN UPGRADES! TITLED UNDERGROUND PARKING! Properties offering this combination of features don't come along every day. BOOK YOUR PRIVATE VIEWING TODAY! More detailsListed by RE/MAX First- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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302 20 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2354195
302 20 Sage Hill Terrace NW Calgary T3R 0W8
$287,000Residential- Status:
- Active
- MLS® Num:
- A2354195
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 823 sq. ft.
There’s a reason corner units are always in demand — more windows, more privacy, more natural light, and a sense of openness you simply don’t get in the middle. Unit 302 delivers exactly that. This stylish 2-bedroom, 2-bathroom condo is a desirable top-floor corner/end unit with a bright NW-facing exposure and a massive corner balcony that gives you plenty of room to enjoy the outdoors — morning coffee, summer dinners, or a space to unwind in the evening. Inside, the open-concept layout is designed for easy living and entertaining. The contemporary kitchen features sleek quartz countertops, stainless steel appliances, and a convenient breakfast bar that opens naturally into the dining and living areas. The result is a clean, modern space that feels both functional and inviting. The primary bedroom features a private 3-piece ensuite and walk-in closet. A spacious second bedroom and full 4-piece bathroom provide plenty of flexibility for guests, a home office, or family. In-suite laundry adds everyday convenience, while the oversized storage room gives you the rare condo luxury of having a dedicated place for everything. You'll also have a secure titled parking stall in the heated underground parkade. The well-run complex is pet-friendly, adding even more appeal for those looking for a comfortable, welcoming place to call home. Sage Hill is a vibrant northwest Calgary community with easy access to Stoney Trail, making it simple to get around the city. Downtown Calgary is under 20 minutes away, while Creekside Shopping Centre puts everyday amenities close at hand, including Walmart, Superstore, restaurants, and a variety of services. Sage Hill’s pathway network winds through green spaces and parks, giving you plenty of opportunities to get outside without leaving the neighbourhood. This fantastic corner end unit offers both lifestyle and practicality — and it won't last long. Check out the virtual tour or book your private showing today. More detailsListed by CIR Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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3211 550 Belmont Street SW in Calgary: Belmont Apartment for sale : MLS®# A2354226
3211 550 Belmont Street SW Calgary T2X 5Y9
$250,000Residential- Status:
- Active
- MLS® Num:
- A2354226
- Bedrooms:
- 1
- Bathrooms:
- 1
- Floor Area:
- 583 sq. ft.
Welcome to Belmont! This well appointed 1 bedroom, 1 bathroom condo offers modern finishes, thoughtful upgrades and a convenient location in Calgary’s growing south end. The kitchen features upgraded countertops, a large quartz island and upgraded pots and pans drawers, while LVP flooring runs throughout the main living area, with carpet in the bedroom. Enjoy morning sunshine and east facing views from your balcony, complete with a gas line for your BBQ. Additional features include air conditioning, in unit laundry with built in shelving, a 4 piece bathroom and conduit behind the living room TV to keep cords neatly tucked away. A secondary mini freezer is also included. Your above ground parking stall comes with a plug in and is conveniently located between the main entrance and the stairs for easy access to your unit. A baseball field sits right out front of the complex, with a nearby bus stop, shopping, parks and pathways adding to the convenience. Enjoy quick access to Macleod Trail and Stoney Trail, with Belmont continuing to grow with additional retail, recreation facilities, schools and a proposed future Red Line LRT extension that could bring transit service closer to the community. An excellent opportunity for first time buyers, downsizers or investors! More detailsListed by RE/MAX First- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
-
1103 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2354306
1103 1500 7 Street SW Calgary T2R 1A7
$349,900Residential- Status:
- Active
- MLS® Num:
- A2354306
- Bedrooms:
- 1
- Bathrooms:
- 2
- Floor Area:
- 769 sq. ft.
Panoramic views | SW corner unit | on 11th floor | Unbeatable 17th Avenue location | Open-concept layout | Flexible 2-bedroom potential | South-facing covered balcony | 2 full bathrooms | Titled parking & storage | LVP flooring throughout | Welcome to Unit 1103 on 11th floor at The Drake, where panoramic views, an exceptional location, and a flexible floor plan come together! This oversized 1-bedroom, 2-bathroom, 769 sq.ft, SW corner unit was originally designed as a 2-bedroom and offers the flexibility to convert the additional living space back into a second bedroom or use it as a dining area, home office, guest space, or extended living room. Step inside and take in the wall of windows spanning the unit, showcasing sweeping views of Mount Royal and beyond. The open-concept layout is bright and inviting, with LVP flooring throughout. The kitchen features high-end stainless steel appliances, espresso cabinetry, and quartz countertops. The spacious primary bedroom offers double closets with a closet system, along with a full 4-piece ensuite. A separate 3-piece bathroom provides added convenience for guests. Enjoy your morning coffee or evening glass of wine on the south-facing covered balcony while taking in the views. Additional highlights include in-suite laundry, titled underground parking, and a titled storage locker. With a Walk Score of 95, you can easily enjoy the best of Calgary without a car. Downtown is just a short 4-minute drive or 7-minute bike ride away, while the shops, cafes, restaurants, and entertainment along 17th Avenue are right outside your door. Call to book your private viewings today! More detailsListed by 2% Realty- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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427 355 Taralake Way NE in Calgary: Taradale Apartment for sale : MLS®# A2351777
427 355 Taralake Way NE Calgary T3J 0M1
$299,999Residential- Status:
- Active
- MLS® Num:
- A2351777
- Bedrooms:
- 2
- Bathrooms:
- 2
- Floor Area:
- 981 sq. ft.
CHECK OUT THE 3D TOUR, FLOOR PLANS URL- OPEN HOUSE SATURDAY (OCT-24 from 12:00-5:00pm) and SUNDAY (OCT-25 from 2pm to 6pm) - ONE OF THE ONLY FEW BIGGEST CONDOS IN THE ENTIRE BUILDING-TOP FLOOR- CORNER UNIT- 2 BEDROOMS- 2 FULL BATHROOMS- 2 UNDERGROUND/INDOOR /TITLED PARKINGS- END UNIT- UNOBSTRUCTED VIEWS OF DOWNTOWN, MOUNTAINS- RENOVATED UNIT (new light fixtures, new paint, new carpet, etc). Welcome to 355 Taralake Way NE. This beautifully kept/renovated condo is sitting on the top floor and offers 981 sq ft of living space, making it one of the only few biggest condos in the building. The condo has been renovated and has been vacant since the renovations. Spacious 2 bedrooms, 2 bathrooms plus foyer/den, with lots of windows and LOTS OF sunlight makes it even cozier for winter days. Kitchen has tons of cabinet space, GRANITE countertops and STAINLESS Steel appliances. Property walks away from Ted Harrison school, transit, shopping, parks, bike trails, playgrounds, bike paths, etc which makes it appealing for any 1st time buyers/family to live in or an investor for the rental purposes. Condo fee includes Heat, Water, Reserve Funds, Professional Management, etc. You only pay electricity extra. This condo is 10/10 and you won't be disappointed after seeing this unit. More detailsListed by Diamond Realty & Associates Ltd- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
Buying a Calgary Condo Under $500,000: A Practical Buyer Guide
A budget of up to $500,000 can open a broad range of Calgary condominium choices, but the best condo is not necessarily the one closest to your maximum budget. Compare the unit, building, condominium corporation and complete monthly ownership cost before deciding which property offers the right fit.
Current Calgary condos for sale under $500,000 can vary substantially in location, bedroom count, interior size, building age, parking, storage, renovations, condo fees and ownership costs. Depending on current MLS® inventory, buyers may find apartment-style condos in established buildings as well as newer properties and units in suburban, inner-city or central Calgary locations.
This broader price ceiling is useful because it lets buyers compare different trade-offs. A smaller centrally located condo may compete with a larger suburban unit, while another buyer may prioritize indoor parking, an additional bedroom, newer construction or a lower monthly condominium fee.
- Compare the Complete Property Look beyond price and square footage to bedroom count, floor plan, parking, storage, outdoor space, building condition and location.
- Calculate the Monthly Cost Condo fees, property taxes, utilities, insurance and parking costs can change affordability even when two units have similar asking prices.
- Review the Corporation Financial statements, reserve-fund information, insurance, meeting minutes, bylaws, planned repairs and special assessments deserve careful review.
What Can a Budget Up to $500,000 Buy Differently?
Increasing the search ceiling does not guarantee a larger or newer condo, because location and building type can have a significant influence on price. What it can do is increase the number of combinations available to compare.
Depending on current inventory, a higher budget may provide opportunities to compare:
- One-, two- or three-bedroom layouts.
- Larger interior floor plans.
- Newer versus established buildings.
- Inner-city versus suburban locations.
- Indoor or titled parking where available.
- Additional storage.
- In-suite laundry.
- Balconies, patios or other private outdoor areas.
- Updated or renovated interiors.
- Different building amenities.
The actual value of any of these features depends on your priorities. A second bedroom may matter more to one buyer than a newer kitchen, while another buyer may value location or parking more than additional interior space.
Do Not Automatically Spend to Your Maximum Budget
A $500,000 search ceiling is a way to see more inventory; it does not mean every buyer should purchase at that level.
Comparing several price ranges can reveal whether the additional purchase price provides features you actually value. You may discover that a lower-priced condo meets your needs equally well, leaving more room in the budget for monthly costs, renovations or other financial priorities.
Lower Purchase Price
May reduce the mortgage amount, but carefully compare building condition, condo fees, parking, storage and renovation requirements before assuming it has the lowest overall cost.
Higher Purchase Price
May provide additional space, location choices, newer construction or other features, but still needs to make sense when condo fees, taxes and other ownership costs are included.
Start With the Total Monthly Ownership Cost
The purchase price is only one part of condominium affordability. Two Calgary condos priced within a few thousand dollars of each other can produce noticeably different monthly costs.
Calculate:
- Mortgage payment.
- Property taxes.
- Monthly condominium fees.
- Electricity, natural gas or other utilities not included in the fee.
- Unit-owner insurance.
- Parking charges where applicable.
- Storage charges where applicable.
- Immediate repairs or renovations.
- Other recurring building-related costs.
A condo priced at $450,000 with materially different monthly fees can have a very different ownership cost from a $475,000 unit, so the asking price alone should not determine affordability.
Understand Exactly What the Condo Fee Includes
A higher condo fee is not automatically negative, and a lower fee is not automatically better. The key question is what the fee pays for and whether the corporation is planning appropriately for ongoing maintenance and future capital expenses.
Depending on the condominium, fees may include some combination of:
- Common-area maintenance.
- Professional management.
- Reserve-fund contributions.
- Building insurance.
- Heat where applicable.
- Water and sewer where applicable.
- Waste removal.
- Snow removal and landscaping.
- Elevator or common mechanical maintenance.
- Common amenities where provided.
Confirm which utilities and services remain the individual owner's responsibility.
Reserve Fund and Long-Term Building Planning
The condition of the condominium corporation can be just as important as the condition of the individual unit. Buyers should review available reserve-fund information together with the corporation's financial statements and plans for major repairs or replacement projects.
Depending on the building, future capital work can involve:
- Roofing.
- Windows and exterior components.
- Balconies.
- Elevators.
- Parking structures.
- Plumbing systems.
- Mechanical equipment.
- Common interior areas.
Read the Financial Statements and Meeting Minutes
Financial statements can help buyers understand the corporation's current financial position, while recent board and annual meeting minutes can provide context about maintenance concerns, planned projects and recurring issues.
Look for discussion of:
- Major repairs or replacement projects.
- Water or plumbing problems.
- Building-envelope concerns.
- Roof work.
- Elevator repairs.
- Parking structure work.
- Insurance claims.
- Budget pressures.
- Potential fee increases.
- Existing or proposed special assessments.
Special Assessments Can Affect Your Effective Purchase Cost
A special assessment is an additional amount condominium owners may be required to contribute toward corporation expenses beyond regular monthly fees.
Before purchasing, determine whether there are any current assessments, approved future assessments or major projects under discussion that could require additional owner contributions.
A lower asking price can become less attractive if a buyer must shortly contribute a substantial additional amount toward building repairs.
Review the Corporation's Insurance
The condominium corporation's policy and the owner's personal condominium insurance serve different purposes. Buyers should review available corporation insurance information and discuss appropriate unit-owner coverage with a qualified insurance provider.
The amount of a corporation's insurance deductible can also be relevant to the individual owner's insurance needs, depending on the circumstances and governing documents.
Parking Can Make a Major Difference
Within a budget up to $500,000, parking can be an important point of comparison, particularly when evaluating otherwise similar units.
Confirm:
- Whether parking is included.
- Indoor versus outdoor parking.
- Titled versus assigned parking.
- Leased or separately rented parking where applicable.
- Visitor parking.
- Vehicle-size limitations.
- Additional monthly parking charges.
Do not assume that a stall number shown on a listing means the parking space is separately titled to the unit.
Storage Is Easy to Overlook
Storage needs can become important after moving into an apartment-style condo. Compare the amount of storage inside the unit as well as any additional locker or storage area.
Confirm whether additional storage is titled, assigned, leased, common property or otherwise designated and whether any additional costs apply.
One Bedroom, Two Bedrooms or More?
A higher condo budget can allow buyers to compare different bedroom counts, but an additional bedroom should be evaluated for how it improves the property's usefulness.
A second bedroom might serve as:
- A dedicated bedroom.
- A home office.
- Guest space.
- Study or hobby space.
- Flexible storage.
Room dimensions matter. A listing described as a two-bedroom unit may function very differently from another two-bedroom condo depending on room size, window placement, closets and overall floor-plan efficiency.
Square Footage Does Not Tell the Whole Story
Two condos with similar measured area can feel very different because of hallways, room proportions, window placement, kitchen configuration and storage.
Review:
- Living-room dimensions.
- Dining area.
- Kitchen layout.
- Bedroom dimensions.
- Closet space.
- In-suite storage.
- Laundry location.
- Balcony or patio access.
A well-organized smaller condo may function better than a larger unit with inefficient circulation or limited storage.
Downtown, Inner-City or Suburban Condo?
A citywide search under $500,000 can include very different location choices. Rather than assuming one area is automatically better, compare each property with your regular travel patterns and lifestyle requirements.
Consider:
- Commute or work location.
- Public transit requirements.
- Shopping and services.
- Recreation and pathways.
- Parking needs.
- Traffic patterns.
- Surrounding land uses.
- Future development near the building.
Buyers who prioritize central locations can also compare downtown and inner-city Calgary condos.
Newer Construction vs Established Buildings
Newer Condo
May offer newer finishes, systems and building designs, but buyers should still review condo fees, corporation documents, warranty information where applicable and any common areas that remain under construction.
Established Condo
May provide a longer operating and maintenance history to review. Consider completed capital work, reserve planning, current building condition and upcoming projects.
If newer construction is a priority, browse Calgary new-build condos for sale and verify current pricing and availability for each individual development.
Newer Does Not Automatically Mean Better
A newer building may have modern finishes and newer mechanical systems, while an established condominium may have a documented history of repairs, reserve-fund planning and capital improvements.
Neither age category should be judged in isolation. Review the actual corporation, building condition and unit rather than relying only on construction year.
Renovated vs Original-Condition Units
Within the under-$500,000 market, buyers may compare updated units with properties that retain older finishes.
Renovated Unit
May reduce the need for immediate cosmetic work, but assess renovation quality and verify approvals or permits where applicable.
Original Condition
May provide an opportunity to renovate to your preferences, but expected improvement costs should be included when comparing the total purchase budget.
Check Renovation Rules Before Planning Changes
Condominium bylaws and corporation policies can affect what owners are permitted to change inside or around a unit.
Approval may be required for work involving:
- Flooring.
- Plumbing.
- Electrical systems.
- Walls.
- Windows.
- Exterior doors.
- Air-conditioning equipment.
- Balconies or patios.
Significant renovations should also be investigated for applicable permits where required.
Pet Rules Need to Match Your Household
If you own or plan to own a pet, review the current condominium bylaws before purchasing. Do not rely only on a listing description stating that pets are allowed.
Rules may address the number, type or size of pets and can include approval requirements.
Rental and Occupancy Rules
Buyers considering future rental use should review current condominium bylaws together with applicable legislation and municipal requirements.
Rules can also address short-term accommodation, moving procedures, occupancy and use of common areas. Current documentation is important because rules can change.
Age or Occupancy Restrictions
If a building is marketed with an age-related or particular occupancy description, verify the current condominium bylaws and eligibility requirements rather than relying solely on advertising language.
Inspect the Individual Condo
Reviewing condominium documents does not replace evaluating the physical condition of the unit itself.
Depending on the property, an appropriate inspection may help assess:
- Plumbing fixtures.
- Electrical components.
- Heating equipment serving the unit where applicable.
- Windows and doors.
- Interior finishes.
- Included appliances.
- Visible moisture or evidence of previous repairs.
Building Amenities: Useful or Unnecessary Expense?
Some condos within this budget may include common amenities. Rather than assuming more amenities automatically add value, consider whether you will actually use them and remember that common facilities require maintenance.
Amenities can differ by building and may include fitness areas, social rooms, guest facilities, outdoor spaces or other shared features. Confirm what actually exists at the individual property and how those facilities are funded and maintained.
Consider Resale Practicality
Even if you plan to stay for several years, consider how broadly the unit may appeal when you eventually sell.
Factors worth considering can include:
- Functional floor plan.
- Bedroom count.
- Parking.
- Storage.
- Natural light.
- Building condition.
- Monthly fees.
- Location.
- Pet and rental rules.
No single feature guarantees future resale performance, but comparing these practical characteristics can help buyers avoid focusing only on finishes.
Under $200K, Under $300K or Under $500K?
One advantage of Calgary's price-filtered condo searches is the ability to compare how inventory changes as the maximum budget increases.
- Under $200,000: focus closely on building finances, condo fees, condition and total monthly ownership cost.
- Under $300,000: compare whether the additional budget expands bedroom count, location, parking or building choices.
- Under $500,000: use the broader range to compare different combinations of size, location, age, finishes and ownership costs.
A higher ceiling should be viewed as additional choice rather than a target price.
Questions to Ask Before Buying a Calgary Condo Under $500,000
- What exactly is included in the monthly condo fee?
- What utilities remain the owner's responsibility?
- What does the reserve-fund information show?
- Are major capital projects planned?
- Are there current or proposed special assessments?
- What issues appear in recent board and AGM minutes?
- What does the corporation's insurance cover?
- How are parking and storage legally designated?
- What pet rules apply?
- What rental and occupancy rules apply?
- Are there age restrictions where relevant?
- What renovations require corporation approval?
- What is the condition of the individual unit?
- What is the realistic total monthly ownership cost?
Compare Calgary Condo Searches
Questions about Calgary condos for sale under $500,000?
Contact Diane Richardson at 403.397.3706, email diane@mypadcalgary.com or use the online contact form.
Contact Diane Richardson About Calgary Condos Under $500,000
Have questions about a Calgary condo under $500,000, want to compare several listings or need help arranging a private showing? Share the property address, MLS® number or your search criteria and Diane Richardson can help you evaluate the available options.
A budget of up to $500,000 can include a wide range of condominium choices, so it helps to narrow the search by location, bedroom count, monthly condo fee, parking, storage, building age, property condition and other features that matter to you.
Contact Form
Use the online contact form to send your questions, property criteria or showing request.
Phone or Text
Call or text Diane Richardson at 403.397.3706 to discuss a condo or your Calgary property search.
Email diane@mypadcalgary.com with a listing link, MLS® number or details about the type of condo you are looking for.
What to Include in Your Calgary Condo Search
Useful criteria can include:
- Your maximum purchase price and preferred monthly ownership budget.
- Preferred Calgary community, quadrant or central/inner-city location.
- Minimum number of bedrooms and bathrooms.
- Maximum monthly condominium fee.
- Utilities you would prefer to have included in the condo fee.
- Indoor, outdoor or titled parking requirements.
- Need for additional storage.
- In-suite laundry preference.
- Balcony, patio or private outdoor-space priorities.
- Newer versus established building preference.
- Pet requirements.
- Accessibility or elevator requirements.
- Preferred possession timing.
When comparing Calgary condos for sale under $500,000, do not focus solely on the purchase price. Condo fees, property taxes, utilities not included in the fee, unit-owner insurance, parking costs and immediate renovation requirements can substantially affect the total monthly cost.
Before purchasing a condominium, buyers should review the available financial statements, reserve-fund study or other reserve-fund information, corporation insurance, recent board and annual meeting minutes, planned capital work, current bylaws and any existing or proposed special assessments.
Parking and storage should also be confirmed carefully. Determine whether each is titled, assigned, leased, common property or otherwise designated, and verify whether additional monthly charges apply.
If pets are important to your household, review the current condominium bylaws rather than relying only on the MLS® description. Pet rules can address type, size, number and approval requirements.
Buyers who plan to renovate should review the condominium corporation's rules and approval process. Changes involving flooring, plumbing, electrical work, walls, windows, exterior doors, air conditioning or balconies may require approval, and permits should be investigated where applicable.
If a newer or new-build condo is under consideration, confirm the construction and possession status, parking and storage inclusions, current or projected condo fees, warranty information where applicable and the actual finishes and appliances included with the individual unit.
For an established building, review completed capital projects, current maintenance concerns and upcoming repairs rather than assuming building age alone determines condition or value.
A condo inspection and condominium-document review address different parts of the purchase. The document review helps assess the corporation and common-property issues, while an appropriate inspection can help evaluate the condition of the individual unit.
If your budget does not need to extend to $500,000, you can also compare Calgary condos under $300,000 or Calgary condos under $200,000 to see whether a lower-priced property meets your needs.
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