Here's What $500K Can Buy Throughout Canada in 2020

Real estate values can swing wildly from place to place throughout the country, which is especially important for prospective buyers on a tight budget. With that in mind, here’s a coast-to-coast sampling of what $500,000 can purchase in various parts of Canada.

Published April 19, 2019, Updated May 28, 2020

Justin Havre & Associates

1 / 21

Calgary, AB

Location:

Calgary, AB
Price: $500,000
Size: 1,490 square feet, 3 bedrooms, 3 baths

Related: Miss Pro Sports? Then This Ottawa Mansion (With an Indoor Basketball Court) is for You

Justin Havre & Associates

2 / 21

Calgary, AB

“This charming home offers over 1,500 square feet, new lighting, newer roof and carpet with a large deck out back to enjoy the privacy of your yard,” notes the listing. A formal dining room opens to the living room on the main level.
Related: 12 Incredibly Cheap Houses for Sale in Canada

Justin Havre & Associates

3 / 21

Calgary, AB

The upgraded kitchen features granite countertops, stainless steel appliances and new cabinetry. Adjacent to the kitchen is a cozy family room, with a gas fireplace and sliding glass doors that open to the outdoors. Additional features a spacious master bedroom with a walk-in closet, a fully finished basement with separate access and double attached garage.
Related: This $2.25M BC Waterfront Home is the Perfect Spot to Get Away From It All

Keller Williams Platinum Realty

4 / 21

St. John’s, NL

Location:

St. John’s, NL
Price: $415,000
Size: 2,285 square feet, 3 bedrooms, 1 bath
Related: Welcome to the New Normal: Toronto is Now a Buyers’ Market

Keller Williams Platinum Realty

5 / 21

St. John’s, NL

This beautifully maintained heritage home is located in downtown St. John’s, described in the listing as “a beautiful mix of contemporary and original.” The home features distinctive high ceilings, original mantels, elaborate plasterwork, two working fireplaces, exposed brick, original staircase, stained glass and wide pine softwood flooring.

Keller Williams Platinum Realty

6 / 21

St. John’s, NL

The newly renovated kitchen boasts white cabinetry, quartz countertops, tiled backsplash and stainless steel appliances. Other features include a renovated bathroom on the main floor, with an upper-level master bedroom that offers “commanding views of The Narrows, Cabot Tower and Signal Hill.”

Realty Executives Outlook

7 / 21

Saskatoon, SK

Location:

Saskatoon, SK
Price: $474,200
Size: 2,772 square feet, 9 bedrooms, 4 baths

Realty Executives Outlook

8 / 21

Saskatoon, SK

According to the listing, this “completely renovated character home” is located in an up-and-coming area and is “large enough for any family or a perfectly designed home for those who want to run a B&B!” Other features include “gleaming chandeliers, wide staircases, gorgeous banisters, cozy sitting nooks and unique detail throughout.”

Realty Executives Outlook

9 / 21

Saskatoon, SK

The renovated kitchen features a charming little sitting area beneath a window.
Related: Toronto Victorian Home Listed at $3.3M – More Than Doubling in Price in Four Years

Royal LePage Village

10 / 21

Montreal, QC

Location:

Montreal, QC
Price: $479,000
Size: 2,155 square feet, 3 bedrooms, 1 bath

Royal LePage Village

11 / 21

Montreal, QC

The living room has a propane fireplace and is entered through a three-season enclosed sunroom at the front of the home. Along with hardwood floors on both levels, patio doors access a large wooden deck in the backyard.
Related: Do You Have Enough of a Down Payment to Buy a Home in These 15 Canadian Cities?

Royal LePage Village

12 / 21

Montreal, QC

The conveniently located home is situated in Montreal’s Pointe-Claire South neighbourhood, with walking distance to Lac Saint-Louis waterfront, quaint Pointe-Claire Village and Beaconsfield Golf Course. According to the listing, the kitchen boasts “lots of cabinetry.”

Re/Max

13 / 21

Albany, PEI

Location:

Albany, PEI
Price: $499,000
Size: 2,155 square feet, 3 bedrooms, 2 baths

Re/Max

14 / 21

Albany, PEI

“This is a property you must see if you want to live in comfort with an unbelievable view of the Northumberland Strait and a minute walk to the ocean, not only beautiful in the summer, but it has breathtaking views all winter long as well,” notes the listing for this charming oceanfront home. “Home has the main living area on the second floor so you can enjoy the panoramic views from three sides.”

Re/Max

15 / 21

Albany, PEI

The main area of the home embraces an open concept, encompassing the living room, dining room and kitchen, which boasts a walk-in pantry for additional storage.

Related: The Most Canadian Home Ever? This Ontario House Has Its Own Private Hockey Arena

The Property Shop

16 / 21

Oshawa, ON

Location:

Oshawa, ON
Price: $489,000
Size: 2 bedrooms, 2 baths
Related: $3.2M Ontario Waterfront Home Has It All – Including a Horse Barn and Indoor Pool

The Property Shop

17 / 21

Oshawa, ON

According to the listing, this Oshawa townhome boasts a “bright, spacious open concept” along with “tasteful upgrades with no detail spared.”

The Property Shop

18 / 21

Oshawa, ON

The kitchen features stainless steel appliances, pot lights, glass backsplash and breakfast island. Other features of note are the five-inch oak hardwood floors and the ample natural light throughout.

Royal LePage Atlantic

19 / 21

Halifax, NS

Location:

Halifax, NS
Price: $475,000
Size: 1,408 square feet, 3 bedrooms, 2 baths

Royal LePage Atlantic

20 / 21

Halifax, NS

“Urban living with the comfort of the burbs!” declares the listing for this well-located three-bedroom townhouse that’s close “to the pulse of Halifax.” The bright, airy living room features hardwood flooring and a wood-burning fireplace.
Related: Mid-Century Mod Peterborough Home Designed by Eaton Centre Architect Sells for $529K

Royal LePage Atlantic

21 / 21

Halifax, NS

There’s classic detailing in the bay-windowed dining room, while the townhouse also includes “a built-in garage on a street where most properties only have street parking.”