New Homes in Calgary Under $500,000 | Calgary new build homes under $500K New homes in Calgary under $500,000

Discover a variety of new homes in Calgary under $500,000, offering modern designs, energy-efficient features, and exceptional value. Whether you are a first-time homebuyer or looking for a budget-friendly upgrade, Calgary's real estate market has plenty to offer.

Explore Calgary new build homes under $500K, including affordable townhomes in Calgary’s vibrant neighborhoods, energy-efficient homes with smart technology, and stylish condos with open-concept layouts. These properties are designed to suit various lifestyles and budgets.

Calgary is home to an array of new developments, each offering proximity to top-rated schools, recreational facilities, and shopping centers. Whether you’re seeking a family-friendly community or a modern urban condo, Diane Richardson is here to assist you in navigating the Calgary real estate market and finding the perfect home under $500,000.

Contact Diane Richardson

Phone: 403.397.3706

Email: diane@mypadcalgary.com

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5437 55 Street
NONE Olds T4H 1J8

$389,900
Residential beds: 4 baths: 2.0 1,458 sq. ft. built: 1976

Main Photo: 5437 55 Street: Olds Detached for sale : MLS®# A2197798
Photo 1: 5437 55 Street: Olds Detached for sale : MLS®# A2197798
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2197798
Bedrooms:
4
Bathrooms:
2
Year Built:
1976
Spacious Bungalow with Oversized Garage & Ample Parking. Looking for a home that offers both space and convenience? This charming bungalow is just what you need! Situated on an oversized lot, this well-maintained home features a large attached double garage, perfect for your vehicles and extra storage. Plus, there's plenty of room for more parking—whether it's for multiple cars, RVs, or guests! Inside, you'll find a spacious layout with updated features, including newer vinyl windows, a durable metal roof, and low-maintenance aluminum siding. The main floor has a convenient mudroom and laundry room right off the garage. The basement is fully developed, offering additional living space and a 4th bedroom—perfect for a growing family or extra room for guests. The location is ideal for families, with an elementary school and two playgrounds just around the corner. Whether you're looking for a fantastic family home or a property with rental potential, this one checks all the boxes! Come see it for yourself and envision all the possibilities this home has to offer!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,457.71 sq. ft.
Main Level Finished Area:
1,457.71 sq. ft.
Below Grade Finished Area:
1,093.71 sq. ft.
Lot Area:
10,187 sq. ft.
Lot Frontage:
85'4"
Front Exposure:
West
Levels:
One
Total Rooms Above Grade:
6
Year built:
1976 (Age: 49)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
7710985
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Wood
New Constr.:
No
Construction Material:
Aluminum Siding
Structure Type:
House
Roof:
Metal
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Asphalt, Double Garage Attached, Driveway, Front Drive, Garage Faces Front, Oversized
Parking Places:
6
Parking Total/Covered:
6 / -
Laundry Features:
Laundry Room, Main Level
NONE
Dishwasher, Electric Oven, Electric Stove, Freezer, Garage Control(s), Refrigerator, Washer/Dryer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Eat in Kitchen
13'11" × 13'7"
Main Floor
Family Room
19'2" × 11'3"
Main Floor
Living Room
13'9" × 13'5"
Main Floor
Laundry
6'8" × 6'6"
Main Floor
Bedroom - Primary
13' × 11'4"
Main Floor
Bedroom
13' × 10'3"
Main Floor
Bedroom
10'10" × 9'9"
Basement
Game Room
23'7" × 15'
Basement
Bedroom
14'11" × 11'9"
Basement
Den
11'11" × 10'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'6" x 6'2"
Basement
No
3
6'4" x 5'1"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Street Lights
Interior Features:
Central Vacuum, Laminate Counters, No Smoking Home, Vinyl Windows
Exterior Features:
Garden, Private Yard
Patio And Porch Features:
Patio
Lot Features:
Back Lane, Corner Lot, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Mountain View County
Zoning:
R1
Listed Date:
Mar 01, 2025
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Listed by Real Broker
Data was last updated April 24, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$494,450
Min list price:
$244,999
Max list price:
$1,185,000
Avg days on market:
51
Min days on market:
7
Max days on market:
332
Avg price per sq.ft.:
$391.44
These statistics are generated based on the current listing's property type and located in Olds. Average values are derived using median calculations.
DIANE RICHARDSON
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™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.