Edmonton Homes under $500,000

Welcome to Edmonton, the vibrant capital city of Alberta, where urban sophistication meets natural beauty! Nestled along the North Saskatchewan River, Edmonton is renowned for its stunning river valley parks, rich cultural scene, and friendly community spirit. With a diverse population and a thriving economy, this city offers a unique blend of opportunities and experiences for residents and visitors alike.

One of the most appealing aspects of Edmonton is its affordability, particularly in the housing market. If you’re searching for homes under $500,000, you’ll be delighted to discover a variety of options that cater to different lifestyles and preferences. From charming bungalows in established neighborhoods to modern condos in bustling districts, Edmonton's real estate market has something for everyone.

Families will appreciate the spacious homes situated in family-friendly communities, complete with parks, schools, and recreational facilities. Young professionals can find stylish apartments and townhouses that offer easy access to the city’s vibrant downtown, where an array of restaurants, shops, and entertainment options await.

Moreover, Edmonton boasts a rich tapestry of cultural experiences, from the renowned Edmonton International Fringe Theatre Festival to the majestic Art Gallery of Alberta. With a strong sense of community and a commitment to sustainability, living in Edmonton means enjoying a high quality of life while being surrounded by breathtaking natural beauty.

Explore the possibilities of making Edmonton your home, where you can find the perfect property under $500,000 and embrace a lifestyle filled with adventure, culture, and warmth. Your dream home in this dynamic city awaits!

Newest Edmonton Homes under $500,000

7289 South Terwillegar Drive Unit 31, Edmonton

Courtesy of Qiong Wu of Mozaic Realty Group.

$299,000

3 Beds ⋅ 2 Baths ⋅ E4513004 MLS® # ⋅ South Terwillegar Village BLDG. ⋅ Qiong Wu

Nestled in desirable South Terwillegar, this turnkey townhouse provides an exceptional blend of comfort and functionality. The sunlit main floor hosts a seamlessly connected living area, dining space, and a well-equipped kitchen featuring abundant storage. Upstairs, three well-sized bedrooms—highlighted by a serene primary suite with a private ensuite—easily accommodate families or tenants. Complete with an attached double garage and dedicated laundry area on the lower level, this low-maintenance property puts top-rated schools, parks, retail, and Anthony Henday access right at your doorstep.

7289 South Terwillegar Drive Unit 31, Edmonton

Courtesy of Shani Ahmad of RE/MAX Excellence.

$288,900

4 Beds ⋅ 2 Baths ⋅ E4513002 MLS® # ⋅ Greenview Landing BLDG. ⋅ Shani Ahmad

Welcome to Greenview Landing! Backing directly onto scenic green space and walking trails, this two-storey townhouse delivers exceptional comfort, all within walking distance to Mill Creek Ravine and Jackie Parker Park. The bright main floor features a modern kitchen complete with an island, stainless steel appliances, an adjoining dining area, and a handy two-piece washroom. Upstairs hosts well-proportioned bedrooms and a full four-piece bath. The fully finished basement expands your living space with durable laminate flooring, an additional bedroom, a family room, storage, and a separate entrance. Step outside into your yard with private treed views, complete with an energized parking stall. Superb location within walking distance to Greenview Elementary School, parks, and Mill Woods Golf Course. Minutes to Grey Nuns Community Hospital, Mill Woods Town Centre, Whitemud Drive, and the Valley Line LRT. A turnkey home!

6032 38 Avenue Unit 30, Edmonton

Courtesy of Nateeva Sewell of Sterling Real Estate.

$248,000

3 Beds ⋅ 1 Baths ⋅ E4513001 MLS® # ⋅ Woodstock BLDG. ⋅ Nateeva Sewell

**Welcome to Woodstock!** Discover this beautifully renovated two-storey townhouse featuring three comfortable bedrooms and one bathroom. The spacious kitchen is the heart of the home, showcasing crisp white cabinetry, quartz countertops and backsplash, a centre island, and brand-new stainless-steel appliances. The inviting living room features a contemporary accent wall, creating a stylish space to relax and unwind. Upstairs, you’ll find three comfortable bedrooms and a beautifully updated bathroom with elegant marble tile and a sleek white vanity with quartz countertop. Enjoy your fully fenced backyard with a spacious deck overlooking a peaceful greenbelt, plus your own parking stall. The unfinished basement offers future potential and houses the laundry area. Conveniently located near shopping, schools, and everyday amenities, this home is ready to welcome its next owner! *Some photos have been virtually staged*

133 Woodstock, Edmonton

Courtesy of Dyanna L Retzlaff of Royal LePage Noralta Real Estate.

$409,700

3 Beds ⋅ 2 Baths ⋅ E4512999 MLS® # ⋅ Dyanna L Retzlaff

The wrap around veranda sets the tone for a home that welcomes you before you even touch the front door! Inside, the bright and spacious living room centres around a gas fireplace that earns its place through an Alberta winter. The main floor stays connected without losing its structure, featuring a kitchen equipped with ample cabinetry, a two tiered island, and a convenient desk area that adapts to whatever the evening requires. Upstairs, the primary suite includes a four-piece ensuite and generous closet space, supported by two additional bedrooms and another full bathroom. Downstairs, the basement offers flexible square footage ready for future development plans alongside the laundry and utility space. Outside, the fully fenced yard pairs with a detached double garage and extra parking on the pad. Quick access to Anthony Henday Drive and the growing retail corridor of Charlesworth puts everyday convenience right at your fingertips. A property designed for the way families actually live.

120 57 Street, Edmonton

Courtesy of Simran Khattra of Royal Lepage Arteam Realty.

$489,000

5 Beds ⋅ 3 Baths ⋅ E4512997 MLS® # ⋅ Simran Khattra

Excellent Opportunity for Investors and First-Time Home Buyers! This newly renovated bungalow, situated on a desirable corner lot, offers a spacious and functional layout. The main floor features a bright living area, a modern kitchen, a dining area, a primary bedroom with an ensuite bathroom, two additional bedrooms, and a full bathroom. The fully finished basement includes a separate entrance, a kitchen, two bedrooms, additional living space, and separate laundry. With its recent renovations, versatile layout, and potential for rental income, this property is an excellent opportunity for both homeowners and investors.

3527 44a Avenue, Edmonton

Courtesy of Carrie A Banham-Posty of RE/MAX Excellence.

$400,000

3 Beds ⋅ 2 Baths ⋅ E4512980 MLS® # ⋅ Carrie A Banham-Posty

Charm! Character! Tree-lined Street! Welcome home to this 979 sq ft 3 bedrm, plus den home in the heart of Inglewood. This beautifully renovated property is the one you have been waiting for! Upon entering you will be welcomed with loads of natural light streaming in through the windows! The living rm is the perfect space to unwind in with the original charm noted throughout. Original hardwood floors add to its warmth & personality! There are 2 bedrms on the main & a home office or potential 4th bedrm. The kitchen is appointed with SS appliances & rich cabinetry. A 4pc bath complete the main. Featuring a lg living space, spacious kitchen & a 3pc bath. The basement bedrm is a good size! Mechanical/laundry area & storage rm complete the home. The massive yard is landscaped with composite deck, trees, gardens & is fully fenced! There is a detached garage (currently used as a shed/workshop). All located close to downtown, shops & cafes! Just move in & ENJOY!

11623 123 Street, Edmonton

Courtesy of Hasan Raza of Exp Realty.

$399,000

6 Beds ⋅ 2 Baths ⋅ E4512992 MLS® # ⋅ Hasan Raza

Bright and move-in-ready duplex in the desirable community of Richfield, Edmonton! Featuring 6 bedrooms and abundant natural light, this home offers a functional layout and numerous updates, including newer flooring, paint, lighting, windows, kitchens, vanities, hot water tank, high-efficiency furnace, and shingles. The basement features a separate entrance, a second kitchen, 3 spacious bedrooms, and a full bathroom. Conveniently located near schools, parks, shopping, and major roadways. An excellent opportunity for homeowners or investors seeking a versatile property!

3816 85 Street, Edmonton

Courtesy of David M Estephan of KIC Realty.

$239,900

4 Beds ⋅ 1 Baths ⋅ E4512990 MLS® # ⋅ Springfield Place (Bannerman) BLDG. ⋅ David M Estephan

FULLY RENOVATED & LOW CONDO FEES!!! Fall in love with this beautifully transformed townhome in Bannerman, where modern style meets exceptional value! Perfect for first-time buyers or investors, this 4-BED & DEN plus 2-bath home showcases gorgeous upgrades throughout, including luxury vinyl plank flooring, plush new carpet, contemporary lighting, all-new doors, trim, hardware & baths. The bright, inviting living room features a fireplace framed by big windows. The showstopping NEW kitchen boasts elegant TWO-TONE cabinetry, QUARTZ countertops, subway tile backsplash & new s/s appliances, flowing seamlessly into the sunny dining area with French doors leading to the private yard with deck & MAINTENANCE FREE TURF! Upstairs offers 3 spacious bed & a stunningly updated bath. The fully finished basement adds a BDRM & DEN, new washer & dryer & extra storage. Enjoy your private, fenced, SW backyard with deck & your parking stall right outside the front door. All this in a well-managed complex with LOW condo fees!

2345 139 Avenue, Edmonton

Courtesy of John W Carter of REMAX River City.

$439,888

5 Beds ⋅ 2 Baths ⋅ E4512986 MLS® # ⋅ John W Carter

Move-in ready raised bungalow with a Legal secondary suite, generous outdoor space and room for a future garage! The 1,049 sq. ft. main floor features 3 bedrooms and 1.5 bathrooms, while the basement offers an additional 898 sq. ft. of measured space, including a Legal 2-bedroom secondary suite with a full bathroom, second kitchen and living area, accessed through a shared rear entrance. Outside, the fully fenced yard offers plenty of room to spread out, with a patio, permanent firepit and space for gardening or outdoor entertaining. Rear alley access leads to an existing parking pad, with municipally confirmed potential for a future garage, subject to applicable approvals. A versatile property with two distinct living areas and outdoor space to enjoy!

8612 30 Avenue, Edmonton

Courtesy of Steve Chun of RE/MAX Elite.

$325,000

3 Beds ⋅ 1 Baths ⋅ E4512985 MLS® # ⋅ Steve Chun

Looking for a detached home on a condo budget? Welcome to this charming, well-maintained home in the mature neighbourhood of Wellington. This stair-free bungalow offers effortless single-family living without the condo fees! This delightful home features 3 spacious bedrooms and a sun-drenched living room filled with brilliant natural light. The large kitchen provides plenty of space for all of your cooking needs. Outside, enjoy a private, lushly landscaped yard alongside a generous double detached garage and a large concrete patio. The home has been lovingly cared for and has many improvements: refrigerator and dishwasher (2026), garage shingles (2026), hot water tank (2025), living room blinds (2025), front door (2025), sewer line (2024), just to name a few. Ideally located just steps from public transit and local amenities, this move-in-ready home offers the ultimate hassle-free lifestyle! ** Some photos have been virtually altered/staged **

13436 135 Street, Edmonton

Courtesy of Paramleen Sekhon of Exp Realty.

$439,000

3 Beds ⋅ 2 Baths ⋅ E4512984 MLS® # ⋅ Paramleen Sekhon

Located in the community of Walker, this well-maintained half duplex offers 3 bedrooms, 2.5 bathrooms, an upstairs bonus room and a full double car garage. The kitchen features an extended island, stainless steel appliances, ample cabinetry and generous counter space for cooking and entertaining. Upstairs, the spacious primary bedroom includes a walk-in closet and private ensuite. Two additional bedrooms, a full bathroom, convenient laundry and a bonus room complete the upper level. With back alley access, nearby schools, shopping and parks, plus easy access to Anthony Henday Drive, this home offers a practical layout in a convenient location.

2310 Wonnacott Crescent, Edmonton

Courtesy of Wenjie Sun of Sterling Real Estate.

$299,800

5 Beds ⋅ 2 Baths ⋅ E4512978 MLS® # ⋅ Wenjie Sun

Welcome to this beautifully renovated half duplex in desirable West Meadowlark Park! 1031 sqft of thoughtfully updated living space, move-in ready. Strong rental income potential: individual rooms can rent for a minimum of $500/month each, perfect for investors or owner-occupants looking to offset mortgage costs. Features rear lane access + covered carport to shield your vehicle from winter snow. Close to Valley Line West LRT for easy commuting. Steps to Meadowlark School with English-Chinese Bilingual Program. Minutes to West Edmonton Mall, Misericordia Hospital, shopping, parks and major roadways. Upgrades: Brand new roof (2024), newer hot water tank (2020). Mature neighbourhood with excellent schools and amenities. Don’t miss out on this great opportunity!

16428 88 Avenue, Edmonton

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