Edmonton Homes under $500,000

Welcome to Edmonton, Alberta’s vibrant capital city, where urban sophistication meets the charm of nature. Nestled along the North Saskatchewan River, Edmonton is renowned for its stunning river valley parks, rich cultural scene, and an array of recreational activities, making it an ideal place for families, young professionals, and retirees alike.

Edmonton boasts a diverse real estate market, and for those seeking affordable yet stylish living options, homes under $500,000 are plentiful. Whether you’re a first-time homebuyer or looking to downsize, you’ll find a variety of properties that cater to your needs. From cozy bungalows in established neighborhoods to modern townhouses in up-and-coming areas, Edmonton offers a plethora of choices that won’t break the bank.

The city is known for its strong sense of community, with numerous local events, farmers' markets, and festivals, such as the famous Edmonton Folk Music Festival and the Edmonton International Fringe Theatre Festival. The vibrant arts scene is complemented by an array of dining options, shopping districts, and entertainment venues, ensuring that there’s always something to do.

Families will appreciate the excellent schools and recreational facilities, while nature enthusiasts can explore the extensive river valley trails and parks. With a strong economy and a welcoming atmosphere, Edmonton is not just a place to live; it’s a place to thrive. Discover your dream home in this dynamic city where affordability meets opportunity, and make Edmonton your next great adventure!

Newest Edmonton Homes under $500,000

Courtesy of . Manpreet Singh of Century 21 Quantum Realty.

$499,000

4 Beds ⋅ 2 Baths ⋅ E4511989 MLS® # ⋅ . Manpreet Singh

Gracefully preserved property over the years is now awaiting its New Home owners. This property showcase exquisite craftsmanship & care in every corner. Spacious bungalow comes with elegant open-beam vaulted ceilings, stunning landscaping & gorgeous brick exterior that truly standout and make it ONE-OF-A-KIND. Well-designed Kitchen is equipped with Hi-End appliances & lovely pantry space. Fully finished basement offers one bedroom and full bath, along with thoughtfully designed rec area featuring a cozy fireplace & wet bar perfect for relaxing evenings & entertaining guests. Massive windows throughout the house, hardwood flooring, tankless hot water, AC, Aggregate exposed driveway, outdoor stone patio, updated mechanicals, roof & much more. Enjoy convenience of 2 schools & park at your door step. Prime RS zoned corner lot (57x120), right across the school showcase incredible opportunity for your future redevelopment plan. Close to downtown, amenities, school & transit, location like this is hard to find!!

8803 68a Street, Edmonton

Courtesy of Darlene Strang of RE/MAX Real Estate.

$99,800

1 Beds ⋅ 1 Baths ⋅ E4511987 MLS® # ⋅ Glenora Manor BLDG. ⋅ Darlene Strang

COMPLETELY RENOVATED EXECUTIVE STUDIO suite in GLENORA MANOR conveniently located 1/2 block off of Jasper Avenue close to transportation, shopping, restaurants, coffee shops, Art Galleries, 124 Street shops & the Brewery District. This open layout features engineered hardwood flooring throughout except for tile in the kitchen & bathroom. Solid maple wood cabinetry with white upper cabinets and light grey lower cabinets with quartz countertops, subway tile backsplash, stainless steel appliances including the fridge, dishwasher & glass top stove & an eating island. Upgraded 4 piece bathroom. All new doors, baseboards & paint. A/C. Laundry on the same floor. The building amenities include an outdoor swimming pool, saunas, social room, fitness room & an on-site manager. New windows. 3 high speed elevators. The condo fees include heat, water, power + condo insurance. Outside stall #64.

10140 120 Street Unit 1505, Edmonton

Courtesy of Sukhit Kaur of Spalk Real Estate.

$199,900

2 Beds ⋅ 2 Baths ⋅ E4511986 MLS® # ⋅ Elements At Willowhaven BLDG. ⋅ Sukhit Kaur

WELCOME TO THIS BEAUTIFULLY UPDATED 2-BEDROOM, 2-BATHROOM MAIN-FLOOR CONDO offering approximately 749 sq. ft. of thoughtfully designed living space. The home features LUXURY VINYL PLANK FLOORING THROUGHOUT and fresh professional paint. The EXPANDED KITCHEN offers additional cabinetry, a modern backsplash, new sink and faucet, stainless steel appliances, a raised eating bar, and a BUILT-IN DESK/WORKSPACE ideal for working or studying. The primary bedroom includes a WALK-THROUGH CLOSET with built-in shelving and ample hanging space, leading to a private 4-piece ensuite. Enjoy an UNDERGROUND HEATED TITLED PARKING STALL for added convenience year-round. Conveniently located near grocery stores, gas stations, restaurants, fitness facilities, public transit, and a playground. A low-maintenance home with excellent updates and everyday convenience.

5515 7 Avenue Unit 127, Edmonton

Courtesy of Sumit Nagpal of Sterling Real Estate.

$489,000

3 Beds ⋅ 3 Baths ⋅ E4511985 MLS® # ⋅ Sumit Nagpal

Welcome to this beautifully situated CORNER half duplex offering a HUGE fully fenced yard and an unbeatable location facing a large park and spray park! The main floor features hardwood flooring, a functional open layout and access to a composite deck, perfect for relaxing or entertaining. Upstairs offers two spacious primary bedrooms, each with its own ensuite bathroom and walk in closet, a bonus room, providing an excellent and unique layout. The basement features a SEPARATE ENTRANCE, 1 BEDROOM, FULL BATHROOM, SECOND KITCHEN, secondary living space and dedicated washer/dryer hookups, offering great flexibility for extended family or additional living space. Complete with a DOUBLE ATTACHED GARAGE and an oversized corner lot with plenty of outdoor space. Conveniently located close to junior high and high schools, shopping, parks and everyday amenities. A fantastic combination of LOCATION, LOT SIZE and VERSATILE LIVING SPACE!

1673 Cunningham Way, Edmonton

Courtesy of Lionnel Datte of Exp Realty.

$179,900

2 Beds ⋅ 1 Baths ⋅ E4511981 MLS® # ⋅ Emerald Place I BLDG. ⋅ Lionnel Datte

Upper-floor END UNIT with no one above you! This bright 2 bedroom + den home in Emerald Place is freshly painted and move-in ready. The open living and dining area features a wood-burning fireplace with marble surround and crown moulding. The white kitchen offers a mosaic tile backsplash, stainless steel appliances including an over-the-range microwave, and a large walk-in pantry. The den is easily used as a 3rd bedroom or home office. The primary bedroom has a walk-in closet, and laundry is in-suite. Step out to your private deck overlooking open green space. Includes a separate storage room and an assigned parking stall with plug-in. Vacant with quick possession available. Steps to Mill Woods Recreation Centre, Mill Woods Park and Meyonohk School, with transit, shopping and easy access to Whitemud Drive and the Henday.

2703 79 Street Unit 2, Edmonton

Courtesy of Mashal Vazir Muhammad of Exp Realty.

$455,000

4 Beds ⋅ 3 Baths ⋅ E4511979 MLS® # ⋅ Essential Glenridding Ravine BLDG. ⋅ Mashal Vazir Muhammad

WHAT A DEAL! EVERYTHING'S INCLUDED IN THIS BRAND-NEW HOME: CENTRAL A/C, DECK, ALL APPLIANCES, AND BLINDS. MOVE-IN READY WITH A FULLY FINISHED LEGAL BASEMENT SUITE! Built by Rohit Homes, this popular Talo model offers stress-free, low-maintenance bare-land condo living with great mortgage-helper potential, close to Windermere, and just off Rabbit Hill Road. The bright, open-concept main floor flows easily from the living room to a large dining area, with a powder room and a functional kitchen that walks right out to the rear deck. Upstairs you'll find 3 spacious bedrooms & 2 full bathrooms, including a primary retreat with its own ensuite, plus a handy office nook and upstairs laundry. A separate side entrance leads to the fully finished basement suite, complete with its own kitchen, living room, bedroom, full bathroom, second laundry room, & second furnace. Turnkey value from top to bottom — perfect for an investor or anyone who wants a low-maintenance home with a rental suite to help with the mortgage.

16231 19 Avenue Unit 70, Edmonton

Courtesy of Alan H Gee of RE/MAX Excellence.

$219,900

2 Beds ⋅ 2 Baths ⋅ E4511980 MLS® # ⋅ Mactaggart Ridge Gate BLDG. ⋅ Alan H Gee

Fantastic location in Mactaggart Ridge Gate with a top-floor corner unit. With nearly 1,000sf this home boasts 2 bedrooms, 2 full bathrooms, a den/flex space, large balcony with city views & 2 parking stalls (underground and surface stall)! Plenty of natural light with big windows and an open concept bright living room, dining space and kitchen. The primary bedroom is a great size with a walk through closet leading into a 4 piece ensuite. And the 2nd bedroom is separated from the master bedroom by the living room for added privacy. Features include in-suite laundry and storage plus a city-scape view. One titled underground parking stall & one surface stall. All this located in the desirable south west community of MacTaggart boasting ravine access, parks/walking trails & excellent K-9 School. Plus next to Freson Brothers, dining, retail, medical practitioners & more. Rec Centre, Anthony Henday and Transit very close by too!

5816 Mullen Place Unit 425, Edmonton

Courtesy of Nathan Humphrey of Royal LePage Prestige Realty.

$320,000

4 Beds ⋅ 1 Baths ⋅ E4511976 MLS® # ⋅ Nathan Humphrey

Welcome to this incredible opportunity in the community of Beverly Heights! Situated on a spacious corner lot, this solid 1957 bungalow offers endless potential for young families, first-time buyers, or investors. The main floor features a bright layout with 3 comfortable bedrooms and a full 4-piece bathroom. Downstairs, you'll find a versatile basement setup complete with a 4th bedroom and a 2-piece bath, perfect for extra living space, a guest suite, or a home office. Outside, car enthusiasts, hobbyists, or those needing extra storage will love the rare triple-car garage. Unbeatable location near local parks, shopping, and schools, and just blocks from beautiful river valley trails.

4402 116 Avenue, Edmonton

Courtesy of Asad Khan of LPT Realty.

$462,500

4 Beds ⋅ 3 Baths ⋅ E4511975 MLS® # ⋅ Asad Khan

Well-maintained almost 1500 sq. ft. half duplex with a stucco exterior in the desirable community of McConachie. The main floor features an open-concept layout with a spacious maple kitchen, granite countertops, a bright great room with a cozy fireplace, and a convenient 2-piece bath. Upstairs offers 3 bedrooms, 2 full bathrooms, a versatile loft, and upper-floor laundry. The spacious primary bedroom includes a 4-piece ensuite and walk-in closet. Quality finishes include ceramic tile flooring, maple railings, and 9-ft ceilings on the main floor and basement. The fully finished basement provides additional living space, while the single attached insulated garage features epoxy flooring and the extended driveway offers extra parking. A separate side entrance to the basement adds flexibility. Excellent value in a fantastic location!

6529 172 Avenue, Edmonton

Courtesy of Mani Bagga of Royal Lepage Magna.

$129,999

2 Beds ⋅ 1 Baths ⋅ E4511973 MLS® # ⋅ Millwoods Terrace BLDG. ⋅ Mani Bagga

Welcome to Pollard Meadows! Welcome to this well-maintained 3RD-floor 2-bedroom, 1-bathroom unit offering an attractive opportunity for investors seeking a turnkey property. Featuring modern upgrades & a functional layout, this unit offers an excellent investment opportunity for investors & first-time home buyers. The bright & spacious living area is enhanced by contemporary flooring & a private balcony! The bedrooms offer generous relaxing space & the refreshed bathroom adds modern finishes. Additional features include IN-SUITE STORAGE providing added convenience & tenant appeal. Located in the established community of Pollard Meadows, this well-managed building is close to parks, schools, shopping, public transit, and everyday amenities. A move-in/rent-ready opportunity with low-maintenance ownership and excellent potential for investors looking for a residential asset to add to their portfolio!

4810 Millwoods Road Unit 301, Edmonton

Courtesy of Rod F Thompson of Method Realty.

$409,000

2 Beds ⋅ 3 Baths ⋅ E4511967 MLS® # ⋅ Horizon Beaumaris BLDG. ⋅ Rod F Thompson

50+ GATED COMMUNITY BACKING BEAUMARIS LAKE~BEAUTIFULLY RENOVATED~INCREDIBLE LOCATION! When it comes to location and lifestyle, it’s hard to beat this community backing directly onto Beaumaris Lake. Enjoy secure access to the lakeside promenade and walking trails with peaceful water views, abundant birdlife and the tranquility of the lake steps from your door. Lakeside Landing right next door offers shops, services and the Public Library, while Castle Downs Recreation Centre is just across the street. Everything you need is close at hand, yet home is tucked away in a quiet, private and secure community. This spacious home offers nearly 1,400sqft of thoughtfully designed living space, separate living and dining rooms, plus a bright breakfast area off the kitchen with access to the large deck and private yard. Updates include an updated kitchen with newer appliances, gorgeous new flooring throughout and a stunning renovated ensuite. A rare opportunity to enjoy privacy and an incredible lakeside lifestyle.

10616 153 Avenue, Edmonton

Courtesy of David Lam of Exp Realty.

$493,600

3 Beds ⋅ 2 Baths ⋅ E4511965 MLS® # ⋅ David Lam

Elegant duplex designed for modern living w/ dbl attached garage, 2.74 m ceilings, LVP flooring thru main, upgraded railings & black plumbing/lighting fixtures. Spacious foyer flows past convenient 2-pce bath into open-concept great rm, kitchen & dining area, ideal for everyday living or entertaining. Kitchen features central island w/ quartz counters, Silgranit undermount sink & flush eating ledge, plus full-height tile backsplash, OTR microwave, soft-close cabinet doors/drawers & corner pantry. Rear great rm is bright w/ lrg windows, sliding patio door, cozy FP & nook adding warmth and comfort. Upstairs offers expansive primary suite w/ W/I closet & spa-inspired 4-pce ensuite incl dbl sinks & glass-enclosed shower. Two addl bdrms provide generous space for family or guests, plus central 3-pce bath, convenient laundry rm & flexible bonus rm ideal for office, playroom or media space. Bsmt rough-in pkg & 2nd laundry rough-in included.

1846 187 Street, Edmonton

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