Downtown Homes under $500,000

Welcome to Downtown Alberta, a vibrant community that beautifully blends urban living with a warm, welcoming atmosphere. Nestled in the heart of the province, Downtown offers residents an exciting lifestyle enriched by a diverse array of amenities, cultural attractions, and recreational opportunities. Whether you are a young professional, a growing family, or a retiree seeking a lively community, Downtown has something for everyone.

One of the highlights of this charming area is its impressive selection of homes priced under $500,000. Here, you’ll find a variety of options that cater to different tastes and lifestyles. From modern condos with stunning city views to cozy townhouses that exude character, Downtown provides an array of affordable housing solutions without compromising on quality or convenience. Many of these homes feature contemporary designs, open floor plans, and access to outdoor spaces, making them perfect for both relaxation and entertaining.

Living in Downtown means you’ll never be far from the action. Enjoy a leisurely stroll through local parks, indulge in the culinary delights of nearby restaurants, or immerse yourself in the rich cultural scene with art galleries and theaters just a stone’s throw away. With excellent public transportation options and a walkable layout, getting around is a breeze.

In Downtown Alberta, you’ll find a community that embraces both modernity and tradition, making it an ideal place to call home. Discover your perfect residence today and experience the charm and convenience of Downtown living!

Newest Downtown Homes under $500,000

141 Fontaine Crescent Unit 41, Wood Buffalo

$303,500

2 Beds ⋅ 3 Baths ⋅ A2350235 MLS® #

MOVE IN READY! Executive living with all the comforts only begins to describe your new home at 41-141 Fontaine Crescent. The DOUBLE HEATED GARAGE welcomes you home and leads to the main floor with large entry and bonus room, perfect for an office or your own personal library. Upstairs is the open concept living room and eat-in kitchen with TONS OF NATURAL LIGHT! This kitchen is truly a dream come true with modern touches including a HUGE ISLAND with Quartz countertops! Also located on this level is the 2 piece bathroom and a garden door to the BALCONY with GAS BBQ HOOK UP! The top level features TWO PRIMARY BEDROOMS, each with a 4 piece en-suite bathroom - one with a WALK-IN CLOSET and the other with TWO DOUBLE CLOSETS. As an added bonus, this level also contains the laundry room. With NEW FLOORING, FRESH PAINT and CENTRAL AIR for those hot Fort McMurray summers, this home has it all. Tucked away downtown, the location is amazing, close to all amenities and Keyano College, making this property perfect for your home or an investment.

141 Fontaine Crescent Unit 41, Wood Buffalo

Courtesy of People 1st Realty .

14921 Macdonald Drive Unit 110, Wood Buffalo

$69,900

3 Beds ⋅ 1 Baths ⋅ A2349756 MLS® #

UPDATED | 3 BEDROOMS | AMAZING CONDITION! This may genuinely be one of the nicest units I have seen in the Towers on MacDonald Drive! Beautifully updated, exceptionally well cared for. An ideal choice for those seeking a low maintenance lifestyle in a central location, complete with the advantage of a built in income opportunity. Conveniently located downtown, close to all amenities, Miskanaw Golf Club, MacDonald Island Park, beautiful walking trails, bus routes, restaurants, medical services and so much more. A great unit for an active lifestyle! This 3 bedroom condo unit is has undergone plenty of improvements and complete with a large living room that features lots of natural light from the patio doors, galley kitchen with white cupboards, large closet, vinyl plank flooring, 1 bathroom, storage room and 1 assigned parking stall (183B) complete the package of this main floor unit. The property includes updated flooring throughout the hallways, 24 hr security, 24 hr laundry room, gym, games room, and plenty of visitor parking. Condo fees are $765.19 and include: Professional management, Common Area Maintenance, Heat, Reserve Fund Contributions, Snow Removal, Trash, Water, and Security. Call now to book your private tour!

14921 Macdonald Drive Unit 110, Wood Buffalo

Courtesy of COLDWELL BANKER UNITED.

13221 Macdonald Drive Unit 1011, Wood Buffalo

$59,900

2 Beds ⋅ 1 Baths ⋅ A2350123 MLS® #

COME FOR THE STUNNING VIEWS FROM YOUR BALCONY! TRULY Affordable living in a PRIME location of Downtown. THE PERFECT LOCATION, Walk to MacDonald Island for all your leisure pleasure such as golfing, hockey, swimming, concerts at SMS Place & more! The perfect investment property for those savvy buyers, this beautiful 2 bedroom, 1 bath condo/apt is on the 10th Floor , elevator in the building and is a turnkey investment property. Call now to view. Condo fee is and includes heat, hot-water, insurance for the complex, common area and exterior maintenance for the building. Comes with one titled covered parking stall. CALL NOW. Tenants in place with lease in place until March 31, 2027. 24 hour notice required for all showings.

13221 Macdonald Drive Unit 1011, Wood Buffalo

Courtesy of RE/MAX Connect.

13221 Macdonald Drive Unit 500, Wood Buffalo

$59,900

2 Beds ⋅ 1 Baths ⋅ A2350071 MLS® #

Investor Alert! Prime location in downtown, with views of the courtyard and the River. Corner condo unit features 2 bedrooms, 1 bath and has been refurbished making this home feel stylish with a modern flare. Located on the 5TH floor of the Tower 2 high rise this Building has elevator, security, leisure centre and on-site convenience store. Includes Fridge, stove and underground covered parking stall(titled). Tenants in place hour notice required (mon-sat) for showings.

13221 Macdonald Drive Unit 500, Wood Buffalo

Courtesy of RE/MAX Connect.

$394,900

3 Beds ⋅ 2 Baths ⋅ A2349407 MLS® #

Enjoy convenient main-floor living in this very bright three-bedroom, two-bathroom home featuring vaulted ceilings, new laminate flooring, and fresh paint. Excellent curb appeal with a flag stone walkway to the front steps. Additional parking pad on the side of the property. The kitchen includes a beautiful gas range and an externally vented range hood. A spacious family room with a gas fireplace offers a comfortable place to gather. The south-facing backyard features a large deck for relaxing or entertaining, along with a greenhouse and raised garden beds for your gardening projects. The large heated triple detached garage provides plenty of space for vehicles, storage, and hobbies, with RV parking available as well. Located in an excellent area, close to schools, parks, shopping, and downtown, and just minutes from the beach.

5119 48 Avenue, Red Deer County

Courtesy of Royal LePage Network Realty Corp..

13221 Macdonald Drive Unit 900, Wood Buffalo

$59,900

2 Beds ⋅ 1 Baths ⋅ A2349561 MLS® #

Investor Alert! Prime location in downtown this is a fantastic 2 bedrooms, 1 bath professionally managed by On-Site Solutions with a tenant in place. Located on the 9TH floor of the Tower 2 high rise this Building has elevator, security, leisure centre and on-site convenience store. Includes Fridge, stove and underground covered parking stall(titled 157A). Tenants in place until end of May 2027. 24 hour notice required (mon-sat) for showings. Call for to view.

13221 Macdonald Drive Unit 900, Wood Buffalo

Courtesy of RE/MAX Connect.

$225,000

2 Beds ⋅ 2 Baths ⋅ A2349551 MLS® #

Welcome to Creekside Crossing in Downtown Airdrie. This thoughtfully laid-out 692.84 sq. ft. home offers two bedrooms and two full bathrooms, including a private ensuite off the primary bedroom. The kitchen opens to a separate dining area, while the living room provides access to the patio. In-suite laundry and one assigned parking stall add everyday convenience. Enjoy easy access to shops, restaurants, fitness and professional services, with schools, parks, pathways and Nose Creek nearby.

403 Mackenzie Way Sw Unit 3108, Airdrie

Courtesy of RE/MAX House of Real Estate.

$419,000

5 Beds ⋅ 2 Baths ⋅ A2349382 MLS® #

Welcome to 32 Moberly Crescent, a bungalow on one of the most sought-after streets in downtown Fort McMurray. Set on a large, fully landscaped lot with mature trees, this home offers space inside and out — perfect for a growing family or anyone looking to settle into an established neighbourhood. The main floor features a bright living room, dining room, and a modern kitchen with dark cabinetry, marble-look ceramic tile flooring, and stainless steel appliances. It’s a functional space with a great view of the backyard, making it easy to imagine family dinners, weekend baking, or entertaining friends. There are also three bedrooms and a full bathroom on this level. The basement has a separate entrance and adds even more potential. It includes two additional bedrooms, a full bathroom, a living room, laundry area, and utility room. There is also a brick corner already prepped for a wood stove, creating an opportunity to make the space warm and inviting — a perfect spot for movie nights or a cozy winter retreat. Outside, the large yard provides plenty of room for kids to play, summer BBQs, gardening, or simply enjoying the privacy of the mature trees. The 16’ x 24’ garage and fully paved four-car driveway offer excellent parking and storage. This home is ideally located close to Keyano College, the Syncrude Sport and Wellness Centre, Composite High School, shopping, and everyday amenities. It’s also just minutes from Heritage Park and the beautiful trail system — a great setting for an active lifestyle. With recent updates including shingles within the last five years, plus new basement flooring and a hot water tank in 2025, this home is ready for its next chapter. A wonderful opportunity to create something special in a fantastic downtown location.

32 Moberly Crescent, Wood Buffalo

Courtesy of COLDWELL BANKER UNITED.

$239,900

1 Beds ⋅ 1 Baths ⋅ A2348702 MLS® #

Welcome to FLETCHER VILLAGE, one of Airdrie’s most sought after ADULT LIVING COMMUNITIES, ideally located in the heart of downtown! This IMMACULATE, TURN KEY UNIT has been exceptionally well cared for and is ready for its new owners.The bright and functional layout offers a comfortable living space with access to a COVERED BALCONY, a well maintained kitchen with a NEW FRIDGE, convenient STACKED LAUNDRY, a BEAUTIFUL TILED SHOWER, and a LARGE LAUNDRY ROOM offering plenty of additional storage.Even better, ELECTRICITY and BASIC CABLE IS INCLUDED in the condo fees! Fletcher Village offers a great selection of amenities, including a workout facility, craft room, and onsite hair salon! The location is hard to beat! Enjoy SHOPPING, RESTAURANTS AND GROCERIES WITHIN WALKING DISTANCE, along with nearby scenic pathways and green space.If you are looking for LOW MAINTENANCE LIVING in a well established community with an incredibly convenient location, this is an opportunity you won’t want to miss!

305 1 Avenue Nw Unit 316, Airdrie

Courtesy of Century 21 Bravo Realty.

$294,900

2 Beds ⋅ 2 Baths ⋅ A2347939 MLS® #

Move-in-ready condo living in one of Airdrie's most walkable locations. This 2 bedroom corner unit gets beautiful South AND East sun, and windows on two sides bring a cross breeze from the bedrooms through to the patio door.The living area is HUGE. There's room for a sectional, cozy chairs, a dining set, a coffee station and even a yoga or workout corner! The kitchen has been freshly updated with a NEW STOVE, OVER-THE-RANGE MICROWAVE AND DISHWASHER, PLUS NEW QUARTZ COUNTERTOPS, AN UNDERMOUNT SINK AND A NEW FAUCET INSTALLED JUST WEEKS AGO. The carpets are also in excellent condition.The foyer has plenty of room for a bench and a large rug, with a spacious front hall closet for coats. The laundry closet has room for all your bulk storage, and because it sits at the front of the unit, a late-night load won't wake anyone sleeping in the bedrooms. The main bathroom is bright and roomy with a walk-in shower. The second bedroom is the sunniest room in the home and fits a queen bed with end tables and a dresser easily, or it would make a great home office or gym.The primary suite is long and flexible. You can place the bed a few different ways and still have room for a dresser and a bench at the foot of the bed. It also has a double-door closet and a clean ensuite with a tub/shower combo.THE PARKING IS A STANDOUT - You get two side-by-side titled stalls RIGHT BESIDE the elevator door. Groceries, guests, pets and deliveries are all easier this way. The quiet staircase beside the unit also gives you a quick way out for your morning walk.The location will make your life easier!! Sobeys is directly across the street, and coffee, restaurants like Ferraro Italian and OJ's, a yoga studio, fitness, professional services and shopping are all an easy walk away. You could be at the restaurant downstairs or in your down dog at the studio in about 3 MINUTES! Schools, parks, pathways and Nose Creek are nearby too. Park underground and leave the car there!This condo is clean, spacious and ready to move into, in a part of Airdrie where so much of what you need is right outside your door.

403 Mackenzie Way Sw Unit 2206, Airdrie

Courtesy of CIR Realty.

$359,900

4 Beds ⋅ 2 Baths ⋅ A2339917 MLS® #

Extensively Renovated Downtown Home with Heated Garage! Welcome to 67 Alberta Drive, a beautifully renovated home offering an impressive list of updates inside and out. Over the past few months, this property has been transformed with new flooring, light fixtures, interior doors, trim, exterior siding and paint, back fencing, a freshly paved driveway, garage door, main-floor bathroom vanity and toilet, and a completely new basement bathroom. The bright front living room features large windows overlooking the fenced front yard and mature trees. The kitchen offers modern white cabinetry and a brand-new stove, while durable new LVP flooring flows throughout the entire main floor. Three bedrooms and a renovated 4-piece bathroom complete the main level. The basement is partially developed and offers excellent additional living space, including a spacious rec room with a gas fireplace, a hobby room, and a brand-new 3-piece bathroom. The remaining finishing is minimal, with only flooring needed in the recreation room and hobby room. Outside, the backyard is designed for entertaining and relaxing, featuring an outdoor bar, an in-ground water feature, and plenty of room to enjoy the yard. A standout feature is the impressive 21' x 29' detached heated garage, providing lots of space for vehicles, toys, storage, or a workshop. A durable metal roof completes the property. Located in the heart of downtown, this home is within walking distance of shopping, the hospital, schools, services, and many other amenities. With extensive renovations already completed and a fantastic downtown location, 67 Alberta Drive is move-in ready and offers plenty of space both inside and out.

67 Alberta Drive, Wood Buffalo

Courtesy of RE/MAX Connect.

$499,000

3 Beds ⋅ 2 Baths ⋅ A2347518 MLS® #

This charming home sits on a generous 50 x 130 ft lot with exciting redevelopment potential near downtown Cochrane. A fully finished home today, combined with zoning considerations, makes this a compelling opportunity in a high-demand location. This unique property is one of the last remaining of its kind in downtown Cochrane. This character-filled home features a bright living room and two comfortable bedrooms on the main floor, while the fully developed lower level adds a third bedroom, a recreation room, and a bar area. Step outside to the backyard that provides a quiet, private setting with no neighbours behind, and a front yard with ample street parking and a private driveway leading to a carport. This property offers the unique potential to renovate, build your dream home, or to re-zone from Residential Low Density (R-LD) to Commercial Historic Downtown (C-HD), opening doors to a multitude of commercial ventures just steps from Cochrane's vibrant core. This lot is located next to C-HD properties, which allows for: Business/Professional/Health Care Offices, Financial/Retail/Child Care/Education Services, Day Home, Eating Establishment, Artist/Fitness Studios, Multi-Unit Dwelling, plus more! THE ADJACENT LOT TO THE EAST IS ALSO AVAILABLE FOR PURCHASE, WHICH WOULD OFFER 13,000 SQ FT OF COMBINED LAND AND 100 FT TOTAL FRONTAGE. DETAILS CAN BE VIEWED ON MLS LISTING #A2347519. Whether you’re looking to live in, invest, or explore redevelopment possibilities, this property offers flexibility, location, and long-term upside in one of Cochrane’s most desirable areas.

332 Third Street W, Rocky View County

Courtesy of Royal LePage Benchmark.

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