Edmonton Homes under $500,000

Welcome to Edmonton, Alberta—a vibrant city that beautifully blends urban sophistication with the charm of the great outdoors. Known for its rich cultural scene, diverse communities, and stunning river valley, Edmonton offers a unique lifestyle that appeals to families, young professionals, and retirees alike. The city is celebrated for its festivals, including the renowned Edmonton International Fringe Festival, and its thriving arts scene, which showcases everything from theater to music and visual arts.

For those considering a move to this dynamic city, there’s good news! Edmonton boasts a variety of homes available for under $500,000, making it an attractive option for first-time buyers and those looking to invest in real estate. Whether you’re seeking a cozy townhouse, a modern condo, or a charming single-family home, you’ll find numerous options that cater to different tastes and lifestyles.

The neighborhoods in Edmonton are as diverse as its residents. From the historic charm of Old Strathcona to the family-friendly atmosphere of Terwillegar, there’s a community to suit everyone’s needs. Plus, with excellent schools, parks, and amenities, you’ll enjoy a high quality of life without breaking the bank.

With its affordable housing market and a wealth of recreational opportunities, Edmonton is not just a place to live—it's a place to thrive. Come explore the possibilities and find your dream home in this remarkable city!

Newest Edmonton Homes under $500,000

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

Courtesy of Karra Kraychy of Logic Realty.

$409,000

4 Beds ⋅ 2 Baths ⋅ E4511964 MLS® # ⋅ Karra Kraychy

No condo fees! This beautifully updated half duplex offers 4 spacious bedrooms, 3 upstairs and 1 on the lower main level plus 3 renovated bathrooms. The updated kitchen features stainless steel appliances, while the basement includes a SECOND KITCHEN, making the layout ideal for multigenerational living, extended family or older children. Extensive upgrades include triple-pane windows, doors, insulation, drywall, baseboards, flooring, furnace, hot water tank, electrical panels and vinyl siding. Outside, enjoy a private, landscaped yard and gas BBQ hookup. The attached three-season sunroom features a hot tub. The oversized 24' x 26' double garage offers 220V wiring. Walk to K–12 schools and enjoy quick access to Northgate, NAIT, downtown, major roadways and everyday amenities.

12730 90 Street, Edmonton

Courtesy of Darlene Strang of RE/MAX Real Estate.

$155,000

1 Beds ⋅ 1 Baths ⋅ E4511957 MLS® # ⋅ Victoria Park Tower BLDG. ⋅ Darlene Strang

Experience spectacular river valley views from this bright, west-facing 713 sq.ft. Victoria Park condo, beautifully renovated in 2016. Perfectly situated with trails at your doorstep, it is just blocks from the LRT, cafes, and shopping, offering quick access to the Ice District, Brewery District, and U of A. Inside, the large living and dedicated dining areas are flooded with natural light, leading to a sunset-facing balcony. The upgraded kitchen features wood cabinets, stainless steel appliances, quartz counters, an under-mount sink, and opened up wall with breakfast bar. Enjoy a spacious primary bedroom fit for a king bed, plus convenient in-suite storage. This pet-friendly building boasts upgraded windows, patio doors, and exterior facade, alongside a fitness room and a rooftop social room with a wrap-around patio. Condo fees comprehensively cover heat, water, and power. Complete with titled underground parking (#188), this stunning home offers the ultimate convenient urban lifestyle.

9835 113 Street Unit 1704, Edmonton

Courtesy of Glenn M Ewanchuk of RE/MAX Excellence.

$474,000

5 Beds ⋅ 2 Baths ⋅ E4511956 MLS® # ⋅ Glenn M Ewanchuk

Looking to share the cost of homeownership or add a rental to your portfolio? This fully renovated raised bungalow in Killarney offers a legal basement suite with its own separate address, making it a great fit for co-buyers, family, or investors. Step inside to updated windows and newer vinyl plank flooring. The kitchen was redesigned to create a bright open concept main floor and features white cabinets, stone-look countertops, tile backsplash, stainless steel appliances, and a coffee bar in the dining area. Three bedrooms and a 4 piece bath complete this level, a rare find in this style of home. Downstairs, the legal suite has a private entrance, spacious living room, dining area, renovated kitchen, two bedrooms, and a 3 piece bath, with shared laundry. The shared furnace and hot water tank were also updated. Step outside to a large fully fenced yard with a garden area, patio, rear alley access, and a double detached garage with recently replaced shingles. Close to schools, transit, and amenities.

12715 / 12717 93 Street, Edmonton

Courtesy of Erin L Willman of RE/MAX Elite.

$169,900

3 Beds ⋅ 1 Baths ⋅ E4511945 MLS® # ⋅ Cedar Mills BLDG. ⋅ Erin L Willman

Attention investors, downsizers, and first-time buyers! Welcome to Cedar Mills, a quiet, well-managed complex on a tree-lined street in Baturyn. This 1,121 sqft 3 bedroom, 1 bath home offers comfortable living with excellent potential. The front entry features custom-built closets for stylish, functional storage. The bright living room features a cozy electric fireplace, while the kitchen flows into the dining area. Laminate flooring runs throughout the main floor living spaces. Enjoy a low-maintenance fenced yard with storage. The unfinished basement provides storage & development potential, with laundry included. Recent upgrades include roof(2022), windows(2016), fridge(2025), stove(2022), dryer(2026), hot water tank(2022), backsplash(2023), & tub surround(2023). Just steps from Baturyn School & St. Charles Elementary & minutes from Castle Downs Arena & Beaumaris Lake. Close to shopping, parks with easy access to the Henday. A fantastic opportunity in a desirable community!

17125 109 Street, Edmonton

Courtesy of Zenaida S Knodel of Century 21 Leading.

$428,000

3 Beds ⋅ 2 Baths ⋅ E4511944 MLS® # ⋅ Zenaida S Knodel

This home is awaiting for you, situated in the heart of Cumberland. It offers 3 bedroom and 2 bathroom, double garage & finished basement. New roof, asphalt shingles installed in 2025. The main floor features 2 bedrooms, including a spacious master bedroom with a walk in closet. It has the 3 pc bathroom, a kitchen, w/a pantry, kitchen nook, dining area and living room. The open- concept between the kitchen and the living room, creates a warm & functional space for everyday living & entertaining. Step through the dining area onto the covered deck overlooking the fenced backyard, complete with room for gardens and flowers. The FULLY FINISHED BASEMENT features a large bedroom with walk-in closet, full bathroom, expansive recreation room, laundry and utility areas. This home is perfect for family who are looking for accessibility, space and comfort. Convenient access to Anthony Henday, All levels of schools available just minutes away. Public transportation is just few walks away.Close to all amenities.

15112 139 Street, Edmonton

Courtesy of Joseph G Ingram of REMAX River City.

$199,500

4 Beds ⋅ 1 Baths ⋅ E4511943 MLS® # ⋅ Cedar West BLDG. ⋅ Joseph G Ingram

Great starter /family home at affordable price.This 3 + 1 bedroom home features 1486 sq ft of finished space to enjoy. The main flloor has new vinyl flooring and 3" baseboards. The kitchen was upgraded awhile ago and has built in pantry. The roof, siding, windows, doors and PVC fence have also been recently replaced and paid for. Not much to do except beauty the backyard space to your liking. The bedrooms are a great size and Master features large Double closets. There is a 4pc bathroom on 2nd floor and a 2pc on main. On cold winter nights enjoy the corner natural gas fireplace on main floor living room or enjoy it having Dinner. The basement features a large Rec room and an office/computer(possible 4th bedroom room) plus laundry room. Hard to find a renovated unit for this price with free condo fees for 6 months. Only minutes to West Edmonton mall / Anthony Henday / the Whitemud . Public transportation only steps away/ new LRT west route.

8217 182 Street, Edmonton

Courtesy of Moe Ahmad of Sable Realty.

$184,900

4 Beds ⋅ 2 Baths ⋅ E4511940 MLS® # ⋅ Terrace Gardens BLDG. ⋅ Moe Ahmad

Welcome to this spacious 1200 sqft., 3 BEDROOM, 2.5 BATHROOM townhouse with a FINISHED BASEMENT offering comfortable living in a quiet and convenient neighborhood. Perfect for families, first-time homebuyers, or investors, this well-designed home combines functionality and style with a practical layout for everyday living. Conveniently located with easy access to Yellowhead Trail, Anthony Henday Drive, shopping, schools, parks, and public transportation, this property offers exceptional value in an established community.

243 Abbotsfield Road, Edmonton

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