Downtown Homes under $500,000

Welcome to Downtown Alberta, a vibrant community that beautifully blends urban sophistication with small-town charm. Nestled in the heart of the province, Downtown offers residents an exciting lifestyle filled with cultural experiences, recreational activities, and a strong sense of community. Here, you’ll find a diverse array of shops, restaurants, and entertainment options, making it the perfect place for those who thrive in a bustling environment.

One of the most appealing aspects of Downtown is its accessibility. With well-connected public transport and pedestrian-friendly streets, residents can easily explore everything this dynamic area has to offer. From farmers' markets to art galleries, there’s always something happening, ensuring that life in Downtown is never dull.

For those looking to call this vibrant community home, Downtown offers a variety of housing options under $500,000. Whether you’re a first-time homebuyer, a young professional, or looking to downsize, you’ll find a range of charming condos, stylish townhouses, and cozy single-family homes that fit your budget. Many properties boast modern finishes and convenient amenities, making them perfect for both comfortable living and entertaining.

The Downtown community is also known for its friendly atmosphere, where neighbors become friends and local events bring everyone together. With parks and green spaces nearby, families and individuals alike can enjoy outdoor activities year-round.

If you're seeking a lively urban lifestyle paired with affordable housing options, Downtown Alberta is the ideal place to plant your roots and create lasting memories. Come discover your dream home in this thriving community today!

Newest Downtown Homes under $500,000

$214,888

2 Beds ⋅ 2 Baths ⋅ A2352959 MLS® #

Enjoy top-floor living! This spacious two-bedroom, two-bathroom condo offers an open layout, a versatile den and titled, heated underground parking. The kitchen features granite countertops, stainless steel appliances and a generous island with seating—ideal for casual meals or visiting with friends while you cook. Updated flooring flows through the bright living and dining areas, with access to a 10' × 10' covered balcony that adds a comfortable spot for morning coffee or a quiet evening outdoors. Positioned on opposite sides of the unit, the bedrooms offer added privacy for guests, roommates or family. The primary includes a walk-through closet leading to a three-piece ensuite with a tiled shower and updated shower doors. A spacious second bedroom and four-piece main bathroom complete the layout. The den provides a dedicated space to work or study, while in-suite laundry makes everyday living easier. Your underground parking stall is conveniently located near the elevator, making grocery trips and winter arrivals that much simpler. With updates that include flooring, the refrigerator and stove, this inviting condo is ready for its next owner.

403 Mackenzie Way Sw Unit 2402, Airdrie

Courtesy of RE/MAX Real Estate (Mountain View).

111 Charles Avenue Unit 419, Wood Buffalo

$54,900

2 Beds ⋅ 1 Baths ⋅ A2352970 MLS® #

Welcome to Unit 419 at 111 Charles! This two-bedroom, one-bathroom condo offers a convenient downtown location close to grocery stores and everyday amenities. Inside, you’ll find laminate flooring throughout, recently painted walls, and a kitchen featuring a stainless steel fridge and stove. In-unit storage adds extra convenience. Whether you’re looking for a place to call home or an investment property, this condo is a great option.

111 Charles Avenue Unit 419, Wood Buffalo

Courtesy of EXP REALTY.

505 Railway Street W Unit 1103, Rocky View County

$299,000

2 Beds ⋅ 2 Baths ⋅ A2352692 MLS® #

Welcome to Cochrane’s trendy Downtown District. This 2-bedroom, 2-bathroom condo has been thoughtfully updated with luxury vinyl plank flooring installed throughout this 853 sq.ft. living space, new baseboards, newly painted from top to bottom in the most neutral color to ensure its move-in ready for anyone’s furnishing style. Brand new kitchen counters also in a timeless color choice. The layout is superb. Living room-kitchen-dining room are open concept. A hallway off to the side leads you to both bedrooms making the sleeping areas separate and peaceful. The primary has a walk-through closet to the ensuite. The laundry room is located right next to the front entry, stacked washer/dryer along with some storage space. This space has all you will need on one ground floor level with patio doors that allow you to enter and exit the unit easily to access your vehicle that conveniently can be parked directly in front of your patio. Yes, you may only need to access the lobby to get your mail and deliveries! There is a storage unit in the parkade that can hold all the clunky unsightly items in your life. This is the first time this condo has hit the market as it is original owner, it was a non-smoking, and no pet home to boot! This one is a must see and ready for you! Reach out to your favorite realtor and book your private showing.

505 Railway Street W Unit 1103, Rocky View County

Courtesy of Real Estate Professionals Inc..

21 Macdonald Drive Unit 1600, Wood Buffalo

$74,900

3 Beds ⋅ 2 Baths ⋅ A2352945 MLS® #

What a great investment opportunity or for the first time homeowner and get out of the rental rut today! This home has 3 spacious bedrooms on the upper level and an over sized storage unit for all the things. There is a 1- 4 pc bathroom on the 2 second floor and a 1-2 pc bathroom on the main floor just off the kitchen for your convenience. This property has lots of windows to let in all the natural light and a large balcony off the eating area the perfect place to relax and enjoy the evening sun sets as it faces NW. The seller has also had installed new carpet installed in the living room. The location of this property is second to none as it sits in the heart of the Clearwater River valley. Close to everything you will need parks, shopping, bus route, schools shopping and the local trails. This home also comes with 1 titled parking stall in the parkaid located very close to the unit.

21 Macdonald Drive Unit 1600, Wood Buffalo

Courtesy of ROYAL LEPAGE BENCHMARK.

$256,000

3 Beds ⋅ 1 Baths ⋅ A2351166 MLS® #

Charming, welcoming, and perfectly located! This delightful home offers the ideal blend of character, comfort, and convenience. Featuring two bedrooms on the main level and an additional bedroom downstairs, there’s plenty of space for family, guests, or a home office.The bright and inviting layout is complemented by a private fenced yard where you can enjoy gardening, relax with your morning coffee, or let pets play safely. A cozy balcony provides the perfect spot to unwind after a long day.The oversized garage offers ample room for a full-size truck, extra storage, or a workshop space. Best of all, you’ll love the unbeatable location just a short walk to downtown brewery, distillery,shops, restaurants, and everyday amenities. Whether you’re a first-time buyer, downsizing, or looking for an investment opportunity, this adorable home is packed with charm and ready for its next chapter.

541 3 Avenue W, Drumheller

Courtesy of Century 21 Masters.

7901 King Street Unit 1307, Wood Buffalo

$249,900

2 Beds ⋅ 2 Baths ⋅ A2352438 MLS® #

**FURNISHED APARTMENT | GRANITE COUNTERTOPS | CENTRAL A/C | HEATED UNDERGROUND PARKING | EASY HIGHWAY ACCESS**Discover comfortable, convenient living at Hangingstone Landing! This well-designed third-floor apartment offers a functional open-concept layout, quality finishes, and an excellent location directly across from Lions Park and Heritage Park, with beautiful walking trails along the Hangingstone River just steps away. Enjoy easy access to major highways, making commuting and getting around town convenient.Offered with existing furnishings, this home is an excellent opportunity for buyers seeking a move-in-ready property. The inviting kitchen features stylish two-tone cabinetry, granite countertops throughout, and a spacious island with extra storage and seating. The open layout connects the kitchen, dining, and living areas, creating a welcoming space for relaxing or entertaining.Enjoy a bright primary bedroom with plenty of natural light, central air conditioning for added comfort, and the convenience of a connecting bathroom for each bedroom. The versatile den includes a queen-sized bed, closet, and sliding pocket door, making it ideal for overnight guests, a home office, or additional sleeping space.Additional highlights include a private deck, an on-site fitness room, and secure, heated underground parking. The well-managed and maintained building adds peace of mind for owners.Whether you are a first-time buyer, downsizing, or looking for an investment opportunity, this property offers a practical layout, attractive finishes, and a sought-after location close to parks, green spaces, walking trails, and convenient highway access.**Furnished, functional, and ideally located. Make Hangingstone Landing your next move**

7901 King Street Unit 1307, Wood Buffalo

Courtesy of RE/MAX Connect.

$339,000

2 Beds ⋅ 2 Baths ⋅ A2351039 MLS® #

Looking for a little more ease in your everyday? Welcome to Grandview Village, where comfortable 55+ living meets the convenience of being right in the heart of Lethbridge. This spacious 2 bedroom, 2 bathroom ground-level condo offers over 1,170 sq. ft. all on one level, with a comfortable layout and plenty of room to settle in and make it your own. The bright enclosed sunroom is a lovely bonus, perfect for your morning coffee, a good book, or simply enjoying a little extra sunshine. With underground parking, your own storage locker, in-suite laundry and elevator access, so much of the everyday upkeep is already taken care of. Grandview Village also offers a welcoming community atmosphere with shared spaces and amenities to enjoy. If you're ready to simplify, slow down a little, and enjoy a home that's easy to live in, this one is calling your name. Call your favourite REALTOR® and come have a look, you may just feel right at home!

20 3 Street S Unit #110, Lethbridge

Courtesy of Grassroots Realty Group.

$364,900

1 Beds ⋅ 2 Baths ⋅ A2351351 MLS® #

Welcome to unit 332 at River Ridge Condos! This unit has been kept in immaculate shape and is ready for a new owner. The primary bedroom has a big 4pc ensuite and a walk-in closet while the den can easily be converted into a guest room. The kitchen features an island and plenty of room for nightly meals. The dining room will easily be able to fit your table and chairs. In the living room, you have a gas fireplace and tons of room for all of your furniture. A sunroom has been added as well and laundry appliances are here too. Don't sleep on this great unit — contact your favourite REALTOR® today!

100 2 Avenue S Unit 332, Lethbridge

Courtesy of Onyx Realty Ltd..

$269,900

1 Beds ⋅ 1 Baths ⋅ A2351610 MLS® #

Welcome to Rio Vista, one of Lethbridge's most desirable adult condo communities! Located on the 4th floor, this beautiful 1-bedroom, 1-bathroom unit offers over 700 square feet of comfortable living space and arguably the most beautiful view in Lethbridge! Enjoy breathtaking, unobstructed views of the coulees and the incredible scenery that makes Southern Alberta so special. The functional layout offers a comfortable living space, perfect for those looking to downsize without sacrificing comfort. This unit also includes one heated underground parking stall and additional storage space. Rio Vista offers an exceptional lifestyle with fantastic amenities, including a fitness room, workshop, guest suites, and an active social community. Whether you're looking for a peaceful place to call home or the convenience of low-maintenance condo living, this property has plenty to offer. Opportunities to own a 4th-floor unit with views like these are rare. Come experience what might just be the most beautiful view in Lethbridge! Contact your REALTOR® today to arrange a private viewing.

75 1 Avenue S Unit 416, Lethbridge

Courtesy of Lethbridge Real Estate.com.

505 Railway Street W Unit 1420, Rocky View County

$300,000

2 Beds ⋅ 2 Baths ⋅ A2350740 MLS® #

Welcome to this bright and spacious top-floor corner unit in Downtown Cochrane! This 2-bedroom, 2-bathroom condo offers 931 sq. ft. of comfortable living space, large windows, 8-foot ceilings, and a corner deck with mountain views. The living room provides direct access to the deck, creating a welcoming space to relax or entertain. The kitchen features stainless steel appliances, including a built-in microwave, ample cabinetry, and convenient pantry storage beside the refrigerator. The primary bedroom includes a 4-piece ensuite, while the second bedroom offers generous space for guests, family, or a home office. A separate laundry room with washer and dryer adds everyday convenience. Composite flooring, blinds and window coverings, and a sprinkler system are among the additional features. The home also includes a small storage locker located in the underground parking area. A titled underground parking space is included with the property. Furniture may also be included, including the primary bedroom bed frame and mattress and TV stand. The building offers a fitness centre, visitor parking, snow removal, and elevator service. The unit is currently vacant and available for immediate possession. A great opportunity to enjoy top-floor condo living with mountain views and the convenience of Downtown Cochrane.

505 Railway Street W Unit 1420, Rocky View County

Courtesy of Real Broker.

$474,900

4 Beds ⋅ 2 Baths ⋅ A2350689 MLS® #

Single-Family house in downtown Sylvan Lake, a short walk to the lake, marina and main street. This 2,017 sq ft two-storey sits on 2 - 25 x 115 lots zoned WDC with back lane access, a large gravel driveway and RV pad. Four bedrooms, two full bathrooms, a big eat-in kitchen, a main floor living room and a second floor family room set up as a games room. The home sleeps ten and is sold fully furnished, with furniture, beds, games and TVs negotiable in the sale. The current owner holds an active Short Term Accommodation Rental (STAR) agreement with the Town and the property has a strong booking history ($50,000 + per year) with summer dates already reserved for 2027. Updates under current ownership include a full Blueskin foundation wrap, screw piles at the front and rear landings, electrical inspection with upgraded outlets, furnace servicing, portable AC units, new trees and a complete interior and exterior repaint. Shed and firepit area in the yard. A turnkey income property, a large family home close to the beach, or a downtown lot with future multi-family potential.

5036 51a Street, Red Deer County

Courtesy of KIC Realty.

$309,900

3 Beds ⋅ 1 Baths ⋅ A2350372 MLS® #

A unique opportunity in Blackfalds! Situated on a C1 commercially zoned lot, this charming 1959-1961 built bungalow offers approximately 1,137 sq. ft. of comfortable living space with 3 bedrooms, 1 full bathroom and plenty of possibilities for the future. The approximately 75’ wide x 133’ deep reverse pie-shaped lot narrows toward the rear and is fully fenced, with a back gate providing convenient RV parking. Inside, the home has seen numerous updates and is turnkey and ready to move into. Improvements over the years include windows, doors, shingles, paint, flooring and much more. The bright, open main living area connects the spacious living room, dinette and kitchen, creating an inviting space for everyday living. The kitchen features an island and includes the fridge, stove, dishwasher and an additional freestanding storage cabinet. The primary bedroom offers double closets and direct access to the rear deck. The full bathroom includes a tub/shower, toilet and sink, while two additional bedrooms complete the sleeping areas. A convenient main-floor laundry room includes the washer and dryer, hot water tank and storage cabinetry, with additional space that could function nicely as a pantry. The furnace has also been replaced and is located in the crawl space. The crawl space features dry sand below and a concrete foundation supporting the home. Outside, enjoy a mature, established lot with beautiful trees providing greenery, character and privacy. The spacious rear deck measures approximately 29’ x 8’. There are two storage sheds measuring approximately 6.6’ x 9.6’ and 8’ x 10’, plus a doghouse. The attached single garage measures approximately 22’ x 12’ and has a separate exterior entrance rather than direct access from inside the home. The garage roof has been redone and the shingles replaced. This could be an excellent option for a first-time buyer, single person, couple, downsizer or senior looking for a smaller detached home without the ongoing lot lease fees associated with many mobile-home communities. With 3 bedrooms, main-floor laundry and no basement stairs required for everyday living, this home packs a lot into its footprint. The C1 commercial zoning adds another interesting dimension to this property. Enjoy the home as it is, subject to permitted use, or investigate future redevelopment possibilities. Conveniently located in Blackfalds with access to shopping, services, schools and recreation, plus an easy commute to Red Deer and Lacombe. A rare combination of a move-in-ready home, mature treed lot, RV parking, storage and commercial zoning -bring your ideas and explore the possibilities!

4908 Moore Street, Lacombe County

Courtesy of RE/MAX real estate central alberta.

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