Edmonton Homes under $500,000

Welcome to Edmonton, the vibrant capital city of Alberta, where rich culture meets stunning natural beauty. Nestled along the North Saskatchewan River, Edmonton is renowned for its picturesque river valley parks, offering residents an abundance of outdoor activities year-round. With a diverse population, this city is a melting pot of cultures, reflected in its eclectic arts scene, delicious culinary offerings, and numerous festivals, including the famous Edmonton International Fringe Theatre Festival.

For those seeking a home in this dynamic city, Edmonton offers an impressive selection of properties under $500,000. Whether you are a first-time homebuyer, a growing family, or looking to invest, you will find a variety of options that suit your needs and budget. From charming single-family homes in family-friendly neighborhoods like Mill Woods and Terwillegar, to modern condos in the bustling downtown area, there’s something for everyone.

Edmonton’s real estate market is not only affordable compared to other major Canadian cities, but it also provides an excellent opportunity for growth. With ongoing developments and a strong job market, investing in a home here means becoming part of a thriving community that values quality of life.

Imagine enjoying a cozy evening in your new home, surrounded by the warmth of Edmonton's friendly atmosphere. With excellent schools, parks, and amenities, this city is perfect for those looking to establish roots. Discover your dream home in Edmonton today, where affordability meets the promise of a bright future!

Newest Edmonton Homes under $500,000

Courtesy of Devin B Gray of Exp Realty.

$324,900

3 Beds ⋅ 2 Baths ⋅ E4511588 MLS® # ⋅ Devin B Gray

Welcome to this charming and solid, well-maintained bungalow in family-friendly Calder, offering exceptional space inside and out for first-time buyers or investors looking to build equity! Located on a generous lot, this home features an inviting backyard with ample space to relax, garden, or entertain, plus a versatile double garage with a massive parking pad. The bright main floor boasts a spacious living room flooded with natural light, a functional kitchen for easy meal prep, two comfortable bedrooms, and al three-piece bathroom/stand-up shower. The versatile lower level with separate entrance expands your options with a third bedroom, flex room, second kitchen, bathroom, and dedicated laundry/furnace area—ideal for extended family or a home office. Front stairs were recently rebuilt, new bathroom vanity installed and house newly painted in 2026. Centrally located with fast access to downtown, Yellowhead Trail, parks, schools, and the dog off-leash area.

12831 126 Street, Edmonton

Courtesy of Dylan Pelletier of Black Sheep Realty.

$175,000

2 Beds ⋅ 1 Baths ⋅ E4511585 MLS® # ⋅ Lakeview Estates_Edmo BLDG. ⋅ Dylan Pelletier

Great Value END UNIT located in the established, family-oriented community of Lago Lindo, this 2-bedroom, 1-bath townhouse offers approximately 1,457 sq. ft. of total living space across three levels, including the basement. Move-in ready today with exciting potential to remodel, this home is an excellent opportunity for first-time buyers, investors, or anyone looking to make a space their own. Enjoy low condo fees of just $311.45/month, a private fenced yard, and an assigned parking stall. The neighbourhood offers a welcoming residential setting with two nearby schools, parks, walking paths, and plenty of green space. With generous living space, added basement flexibility, and excellent potential for future upgrades, this is an affordable opportunity to own in a convenient North Edmonton location.

17749 95 Street, Edmonton

Courtesy of James Bhullar of Royal Lepage Arteam Realty.

$450,000

1 Beds ⋅ 2 Baths ⋅ E4511583 MLS® # ⋅ E'Scapes Ii BLDG. ⋅ James Bhullar

Exceptional PENTHOUSE LIVING! This bright and spacious 1,277 sq ft, 2 bedroom condo offers a rare combination of space, comfort and style. Soaring 10 ft ceilings, large windows and east-facing exposure fill the home with natural light. The open-concept layout features a beautiful kitchen with quartz countertops, quality cabinetry and plenty of room for entertaining, complemented by hardwood flooring and central air conditioning. Step outside to an approx. 250 sq ft balcony, perfect for relaxing or enjoying your morning coffee. Both bedrooms are generously sized and the home is truly move-in ready. Includes 2 TITLED underground parking stalls plus a storage unit. Building amenities include an exercise room, social room, billiards room, board room and guest suite. A fantastic opportunity for spacious, TOP-FLOOR condo living.

11074 Ellerslie Road Unit 424, Edmonton

Courtesy of George M Fahmy of Mozaic Realty Group.

$449,900

3 Beds ⋅ 2 Baths ⋅ E4511582 MLS® # ⋅ George M Fahmy

LARGE LOT with DOUBLE GARAGE!. Discover Your Dream Home in Kinglet Gardens. This stunning 3-bedroom, 2.5-bathroom duplex seamlessly blends style and functionality. The main floor boasts 9' ceilings and a convenient half bath, perfect for guests. The beautifully designed kitchen is a highlight, featuring 42" upgraded cabinets, quartz countertops, and a waterline to the fridge. Upstairs, enjoy the flex area, spacious laundry room, full 4-piece bathroom, and 3 generously sized bedrooms. The luxurious primary suite offers a walk-in closet and ensuite. The separate side entrance and legal suite rough in's are an added bonus. Other features include FULL LANDSCAPING, a $3k appliance allowance, unfinished basement with painted floors, high-efficiency furnace, and triple-pane windows. Buy with confidence. Built by Rohit. UNDER CONSTRUCTION! Photos may differ from actual property. Appliances NOT included.

2203 Crossbill Link, Edmonton

Courtesy of Christian P Gannon of RE/MAX Real Estate.

$199,999

2 Beds ⋅ 1 Baths ⋅ E4511579 MLS® # ⋅ Brander Village BLDG. ⋅ Christian P Gannon

Tucked into a convenient location close to everything, this beautifully updated 2-storey townhouse is warm, welcoming, and easy to call home. The main floor has been renovated with a fresh modern kitchen, brand new appliances, and comfortable living and dining spaces that work just as well for quiet evenings as they do for hosting friends and family. Upstairs, two spacious bedrooms and an updated 4-piece bathroom offer a practical layout with room to grow. Outside, the fully fenced backyard adds a rare touch of privacy—perfect for morning coffee, kids at play, or letting pets roam safely. Powered parking is located right outside your door, and the well-managed complex keeps day-to-day living simple. With schools, parks, shopping, restaurants, and transit all within walking distance, plus quick access to the Whitemud, this is the kind of home that makes everyday life feel a little easier. Buying your first place, simplifying your lifestyle, adding to your investment portfolio? This is worth seeing

5833 Riverbend Road, Edmonton

Courtesy of Allison M Meston of Exp Realty.

$210,000

1 Beds ⋅ 1 Baths ⋅ E4511574 MLS® # ⋅ Scona Gardens BLDG. ⋅ Allison M Meston

This beautiful 3rd floor apartment features soaring ceilings, tons of Windows, and Airconditioning! Walk in to a generous entrance with closet, insuite laundry and storage. Fully upgraded kitchen, quartz, stainless steel, pantry and eat up island! Living Room is open concept and has access to a good-sized balcony looking over the courtyard and fountain. Spacious master bedroom, walk through closet and 4 peice bathroom accessible from master and hallway. Second bedroom is at the back of the condo away from the master, use as a guest room, nursery or home office! This unit also comes with an underground titled parking stall, a storage locker for larger items, central air!! Premium location, 85 WALK SCORE!! 91 BIKE SCORE!!! Steps to Roots on Whyte, shops, and Whyte Ave amenities. Beautiful bright and inviting condo with TONS of storage!! This building is impeccably maintained with a beautiful water feature in the courtyard entrance and a world-class fitness centre. Do not miss out on this opportunity!!

10121 80 Avenue Unit 334, Edmonton

Courtesy of David Lam of Exp Realty.

$499,600

4 Beds ⋅ 3 Baths ⋅ E4511573 MLS® # ⋅ David Lam

Built by Sterling Homes, this elegant 4-bed home comes with luxurious vinyl plank flooring and a bright foyer leading to a cozy great room. The kitchen impresses with quartz countertops, a functional island with a silgranit sink, pendant lighting, soft-close cabinetry, and an over-the-range microwave, complemented by a roomy pantry. At the rear, a sunlit nook overlooks the backyard, alongside a main-floor bedroom, a 3-piece bath with a stand-up shower, and a garden door to outdoor space. A parking pad is included, with an option for a detached two-car garage. Upstairs, the primary suite offers a walk-in closet, and a 3-piece ensuite with tub/shower, two additional bedrooms, another 3-piece bath, and a laundry closet complete the level. Features include 9-ft ceilings on main and basement floors, a separate side entrance, brushed nickel fixtures, and basement rough-in plumbing.

20635 43 Avenue, Edmonton

Courtesy of Kent Clark of Blackmore Real Estate.

$424,900

4 Beds ⋅ 2 Baths ⋅ E4511572 MLS® # ⋅ Kent Clark

Mid-century charm meets spacious family living in this custom-built bungalow in Balwin, located directly across from a large park. Situated on a huge pie-shaped lot, this home offers plenty of space inside and out. The main floor features generous living and dining areas, a spacious kitchen, three bedrooms and a four-piece bathroom. Downstairs, the well-designed basement includes a large family room, a fourth bedroom, a three-piece bathroom, laundry area, cold room and ample storage. Outside, perennials and fruit trees add character to the expansive yard, while the side porch provides a welcoming spot to enjoy summer days. A double garage completes the property. With timeless character, a functional layout and room to make it your own, this bungalow offers an inviting opportunity in an established neighbourhood.

7627 128a Avenue, Edmonton

Courtesy of Ken R Morrison of RE/MAX Excellence.

$489,900

5 Beds ⋅ 2 Baths ⋅ E4511571 MLS® # ⋅ Ken R Morrison

Welcome to a home where family life has room to grow! Set in Edmonton’s family-friendly community of Satoo, this 5-bedroom, 3-bathroom bungalow backs onto green space and a walking trail, offering a setting for everyday living. Enjoy the ease of bungalow living, with space for a growing family, overnight guests or a home office. A wood-burning fireplace brings warmth and character, creating an inviting place to unwind on chilly evenings and gather with loved ones. The attached heated double garage adds everyday convenience and welcome comfort through Edmonton winters. Step outside and connect with the walking trail, or enjoy the nearby parks and playgrounds. Schools, a recreation centre and everyday amenities are all close by, making busy family schedules easier and weekends full of possibilities. With five bedrooms, three bathrooms and a green-space backdrop, this Satoo home brings together space, comfort and a location the whole family can enjoy. Come discover the setting for your family’s next chapter!

1316 85 Street, Edmonton

Courtesy of Rossella Trulli of Rimrock Real Estate.

$223,900

1 Beds ⋅ 1 Baths ⋅ E4511568 MLS® # ⋅ Magrath Mansion BLDG. ⋅ Rossella Trulli

Enjoy stunning views from this beautiful suite in prestigious Magrath Mansion. 9' ceilings make the smart, open layout feel even more spacious. You'll love the large kitchen with plenty of cabinets and counter space, open to the dining area, living room and office nook. The balcony is accessible from both the living room and bedroom. The laundry room offers great storage, and titled heated underground parking with storage cage and car wash bay and keeps winter simple. This adult-only concrete building feels like a resort, with outstanding amenities including fitness centre, steam room, hot tub, social lounge with fireplace, library and billiards, and a theatre room! Gorgeous common areas set the tone from the moment you arrive. Whitemud Creek Ravine trails are moments away, with shopping, restaurants and pubs all within walking distance in one of southwest Edmonton's most sought-after neighbourhoods. A perfect opportunity for downsizers seeking secure, low-maintenance luxury living. Welcome home!

160 Magrath Road Unit 332, Edmonton

Courtesy of Rossella Trulli of Rimrock Real Estate.

$289,000

2 Beds ⋅ 1 Baths ⋅ E4511567 MLS® # ⋅ Garneau Place BLDG. ⋅ Rossella Trulli

Nestled in the heart of Garneau and just steps from the University of Alberta, this updated 2 bedroom, 1.5 bath corner unit offers exceptional value in one of Edmonton's most historic and coveted neighbourhoods. Walk up the front steps of Garneau Place, a beautiful and solid concrete-built low-rise, walk through the timeless foyer and into your first floor unit - it feels like a private home! Over 1,050 sqft of well designed living space supports busy daily life, privacy and entertaining. Featuring an updated kitchen with stainless steel appliances, updated bathrooms, a spacious entrance, large in-suite storage room, in-suite laundry, and TWO private balconies/patios for indoor-outdoor living (south-facing balcony and east facing patio). Titled, secured underground parking stall. Incredibly walkable- steps to UofA, river valley trails, Whyte Ave, and Ace Coffee right on your street! Easy access to downtown, transit and all amenities. An amazing opportunity in an unbeatable location. Welcome home!

11011 86 Avenue Unit 105, Edmonton

Courtesy of Christine Kelly of Exp Realty.

$225,000

2 Beds ⋅ 2 Baths ⋅ E4511566 MLS® # ⋅ Californian Lansdowne BLDG. ⋅ Christine Kelly

Light-Filled Living at The Californian Lansdowne in Malmo Plains! Welcome to The Californian Lansdowne, a sought-after 18+ adult community in peaceful Malmo Plains. This bright, inviting unit features an open-concept layout connecting the kitchen, dining and living areas, with a convenient island bar at the heart of the space. Wrapping windows surround a cozy recessed living area anchored by a beautiful mantle fireplace, while glass doors lead directly to the balcony and fill the home with natural light. The spacious primary suite offers a walk-in closet and private ensuite, complemented by a generous second bedroom, full bath and dedicated in-suite laundry. Enjoy titled underground parking and excellent building amenities including a fitness room, social spaces, car wash, guest suite and elevator access. Ideally located near Southgate Centre and LRT, with convenient access to the University of Alberta, Whitemud Drive and everything south-central Edmonton has to offer.

12111 51 Avenue Unit 208, Edmonton

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