Edmonton Homes For Sale For Under $500,000
Homes for Sale in Edmonton Under $500,000
Buying a home in Edmonton doesn’t have to mean stretching beyond your budget. In fact, there are plenty of affordable homes available under $500,000 — from family-friendly single houses to modern duplexes and stylish condos.
This page is your guide to Edmonton homes for sale under $500K, including what your budget can buy, why this price point is so popular, and how to make the most of your home search.
Why Shop Under $500K in Edmonton?
- Low down payment entry: Homes priced under $500,000 can qualify for the minimum 5% down payment, making them perfect for first-time buyers.
- Variety of options: In this price range, you’ll find starter homes, newer builds in growing communities, and even some larger resale properties.
- Strong resale value: Affordable homes in desirable areas often sell faster and attract steady demand.
- Ideal for investors: Duplexes, legal suites, and townhomes under $500K make great rental properties.
💰 Ready to see what’s available?
Scroll down to explore Edmonton homes for sale under $500,000 — and find the right one for your budget.
What Can You Buy Under $500,000 in Edmonton?
Here’s a general idea of what your budget can get you in today’s market:
- $300,000–$350,000 → Modern condos, townhomes, and smaller duplexes.
- $350,000–$450,000 → Starter detached homes in newer communities, half-duplexes with garages, and renovated older homes.
- $450,000–$500,000 → Larger family homes, newer builds with more upgrades, or detached homes in established neighbourhoods.
Your Most Important First Step: The key to buying in this price range is knowing your exact budget. Before you start your search, it’s essential to get pre-approved. Learn more in our Guide to Mortgage Pre-Approval.
Featured Listings: Homes for Sale Under $500,000
Edmonton Neighbourhoods With Affordable Homes
Looking under $500K? These communities often have strong inventory at this price point:
- Laurel – Family-friendly with newer homes.
- Walker – Southeast Edmonton with schools and amenities.
- Secord – Growing west-end neighbourhood.
- Crystallina Nera – Affordable homes in northeast Edmonton.
- Keswick – Southwest with newer duplexes and modern builds.
Helpful Resources
🔥 Thinking about buying this year?
Your down payment goes further when you understand the market. Check out our Edmonton Market Watch for the latest updates.
🛡️ Want a safe place to call home?
See our guide to the Safest Communities in Edmonton for top family-friendly areas.
👉 Looking for guidance?
The Move Faster Team specializes in helping buyers find the right home under budget. Contact us today or sign up for custom listings under $500,000 delivered to your inbox.
Home Search FAQs
If you’re ready to start your home search, you can contact us here.
How many homes should I see before making an offer?
There is no magic number. Some buyers find the perfect home on their first day, while others may look at 20 or more. The goal isn’t to see a certain number of homes, but to become educated on the current market. Once you feel you have a strong sense of what your money can buy in your desired neighbourhood, you’ll know the right home when you see it.
What are the biggest red flags to watch for during a showing?
Beyond cosmetic issues, look for major potential problems. Key red flags include signs of water damage (stains on ceilings or in the basement), a strong musty or damp smell, major cracks in the foundation or walls, and an electrical panel that looks old or disorganized. Also, pay attention to the condition of big-ticket items like the roof, windows, and furnace.
Should I be concerned about a house that has been on the market for a long time?
Not necessarily. A long time on the market doesn’t always mean there’s something wrong with the house; it’s often a sign that the property was initially overpriced. If the price has since been corrected, it can represent a great opportunity to purchase a solid home with less competition. It’s a situation that warrants further investigation, not automatic dismissal.
How do I know what a home is really worth?
The true market value of a home is determined by what similar properties in the area have recently sold for. As your Realtor, we provide a detailed comparative market analysis (CMA) for any home you are serious about. This report compares the property to other recent sales, active listings, and expired listings, giving you the hard data needed to make a confident and informed offer.
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