What Can You Get for $500,000 When Buying a Home in Calgary?

What Can You Get for $500,000 When Buying a Home in Calgary?

The real estate market in Calgary, Canada can vary depending on factors such as location, size, and condition of the property. However, with a budget of $500,000 CAD (Canadian dollars), you can typically find a variety of options in the city. Here are some examples of what you can get for that amount:

  1. Single-family detached homes: In many Calgary neighbourhoods, $500,000 can buy you a modest-sized single-family home with 3 or 4 bedrooms, 2 or 3 bathrooms, and a garage. The size and condition of the house can vary depending on the location, but some areas where you can find homes in this price range include Coventry Hills, Harvest Hills, and Martindale.

  2. Townhouses: If you prefer a lower-maintenance option, you can consider buying a townhouse in Calgary. For $500,000, you can find newer townhouses with 2 or 3 bedrooms, 2 or 3 bathrooms, and attached garages. Some neighbourhoods where you can find townhouses in this price range include West Hillhurst, Tuxedo Park, and Renfrew.

  3. Condos: Condos can be a more affordable option for those who want to live in desirable neighbourhoods with access to amenities. For $500,000, you can find condos in areas such as Mission, Bridgeland, and Eau Claire that offer 2 or 3 bedrooms, 2 bathrooms, and access to common amenities such as a gym or a pool.

It's worth noting that real estate prices in Calgary can fluctuate, so the above examples are meant to give you an idea of what you can generally expect to find in the city with a budget of $500,000. It's always a good idea to work with a knowledgeable real estate agent who can guide you through the buying process and help you find a property that meets your needs and budget.


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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™.
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