Downtown Homes under $500,000

Welcome to Downtown Alberta, a vibrant and bustling community that perfectly blends urban living with a welcoming charm. Known for its rich history and modern amenities, Downtown offers residents an exciting lifestyle filled with cultural experiences, dining delights, and recreational opportunities.

As you stroll through the tree-lined streets, you’ll discover a diverse array of shops, art galleries, and cafes, each contributing to the community’s unique character. The downtown area is also home to several parks and green spaces, providing a serene escape amidst the urban landscape. Whether you’re enjoying a leisurely afternoon at a local coffee shop or exploring the vibrant farmers' market, there’s always something happening in Downtown.

For those seeking a new home, Downtown presents an impressive selection of properties under $500,000. This makes it an ideal option for first-time buyers, young professionals, or anyone looking to invest in a thriving community without breaking the bank. From chic condos with stunning city views to charming townhouses with historic flair, the real estate options here cater to a variety of tastes and lifestyles.

Community events, including art walks, music festivals, and seasonal celebrations, foster a strong sense of belonging among residents. With excellent public transport links and a walkable layout, Downtown is not only convenient but also encourages an active and engaged lifestyle.

Experience the best of urban living in Downtown Alberta, where your dream home awaits in a community that truly feels like home. Come and explore all that this dynamic area has to offer!

Newest Downtown Homes under $500,000

$474,900

4 Beds ⋅ 2 Baths ⋅ A2350689 MLS® #

Single-Family house in downtown Sylvan Lake, a short walk to the lake, marina and main street. This 2,017 sq ft two-storey sits on 2 - 25 x 115 lots zoned WDC with back lane access, a large gravel driveway and RV pad. Four bedrooms, two full bathrooms, a big eat-in kitchen, a main floor living room and a second floor family room set up as a games room. The home sleeps ten and is sold fully furnished, with furniture, beds, games and TVs negotiable in the sale. The current owner holds an active Short Term Accommodation Rental (STAR) agreement with the Town and the property has a strong booking history ($50,000 + per year) with summer dates already reserved for 2027 (which can be transferred or released by the new owner). Updates under current ownership include a full Blueskin foundation wrap, screw piles at the front and rear landings, electrical inspection with upgraded outlets, furnace servicing, portable AC units, new trees and a complete interior and exterior repaint. Shed and firepit area in the yard. A turnkey income property, a large family home close to the beach, or a downtown lot with future multi-family potential. Buyers to confirm STAR transfer requirements with the Town of Sylvan Lake.

5036 51a Street, Red Deer County

Courtesy of KIC Realty.

$309,900

3 Beds ⋅ 1 Baths ⋅ A2350372 MLS® #

A unique opportunity in Blackfalds! Situated on a C1 commercially zoned lot, this charming 1959-1961 built bungalow offers approximately 1,137 sq. ft. of comfortable living space with 3 bedrooms, 1 full bathroom and plenty of possibilities for the future. The approximately 75’ wide x 133’ deep reverse pie-shaped lot narrows toward the rear and is fully fenced, with a back gate providing convenient RV parking. Inside, the home has seen numerous updates and is turnkey and ready to move into. Improvements over the years include windows, doors, shingles, paint, flooring and much more. The bright, open main living area connects the spacious living room, dinette and kitchen, creating an inviting space for everyday living. The kitchen features an island and includes the fridge, stove, dishwasher and an additional freestanding storage cabinet. The primary bedroom offers double closets and direct access to the rear deck. The full bathroom includes a tub/shower, toilet and sink, while two additional bedrooms complete the sleeping areas. A convenient main-floor laundry room includes the washer and dryer, hot water tank and storage cabinetry, with additional space that could function nicely as a pantry. The furnace has also been replaced and is located in the crawl space. The crawl space features dry sand below and a concrete foundation supporting the home. Outside, enjoy a mature, established lot with beautiful trees providing greenery, character and privacy. The spacious rear deck measures approximately 29’ x 8’. There are two storage sheds measuring approximately 6.6’ x 9.6’ and 8’ x 10’, plus a doghouse. The attached single garage measures approximately 22’ x 12’ and has a separate exterior entrance rather than direct access from inside the home. The garage roof has been redone and the shingles replaced. This could be an excellent option for a first-time buyer, single person, couple, downsizer or senior looking for a smaller detached home without the ongoing lot lease fees associated with many mobile-home communities. With 3 bedrooms, main-floor laundry and no basement stairs required for everyday living, this home packs a lot into its footprint. The C1 commercial zoning adds another interesting dimension to this property. Enjoy the home as it is, subject to permitted use, or investigate future redevelopment possibilities. Buyers are responsible for confirming zoning, permitted/discretionary uses, development requirements and future plans directly with the Town of Blackfalds and applicable authorities. Conveniently located in Blackfalds with access to shopping, services, schools and recreation, plus an easy commute to Red Deer and Lacombe. A rare combination of a move-in-ready home, mature treed lot, RV parking, storage and commercial zoning -bring your ideas and explore the possibilities!

4908 Moore Street, Lacombe County

Courtesy of RE/MAX real estate central alberta.

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.

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