Looking for an affordable entry into the Calgary real estate market? Whether you’re a first-time buyer, investor, or downsizer, finding a condo in Calgary for under $150,000 may seem rare—but it’s not impossible.
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Here are four budget-friendly Calgary condos available as of May 2025, all priced below $150K. These listings offer great value, excellent walkability, and low-maintenance living right in the heart of the city.
1. Micro-Studio in Chinatown – $119,500
504, 116 3 Avenue SE, Calgary, AB
This compact yet functional 1-bedroom, 1-bathroom unit offers unbeatable value and Bow River views in Calgary’s bustling Chinatown.
Key Features:
- 355 sq ft | 1 Bedroom | 1 Bathroom
- North-facing balcony with skyline and river views
- All utilities included in low condo fee: $400.50/month
- Walk to restaurants, bakeries, Superstore, parks, and transit
- Perfect for students or investors
Note: Due to the small square footage (under 400 sq ft), buyers may need to purchase with cash or a specialized mortgage.
2. Renovated Micro-Unit With River Peek Views – $149,800
1108, 108 3 Avenue SW, Calgary, AB
Sitting on the 11th floor, this fully renovated micro-studio condo blends style, efficiency, and location. With peekaboo Bow River views, it’s a perfect urban pad for city lovers.
Key Features:
- 380 sq ft | 1 Bedroom | 1 Bathroom
- Updated vinyl plank flooring
- Stylish layout with loft-style feel
- Pet-friendly building (with restrictions)
- Monthly condo fee: $407 includes all utilities
- Excellent walkability to downtown and cultural hotspots
Ideal for minimalist living or as a rental property in Calgary’s high-demand core.
3. Studio Condo in Chinatown – $115,000
801, 116 3 Avenue SE, Calgary, AB
This charming studio offers one of the most affordable freehold condo ownership opportunities in the city with 366 sq ft of smartly designed living space.
Key Features:
- 366 sq ft | Studio | 1 Bathroom
- Hardwood and ceramic tile flooring
- Steps from shops, bubble tea cafés, restaurants, and river paths
- Low annual taxes: just $596
- Monthly condo fee: $404.54 covers heat, water, electricity, and more
Great for professionals wanting walkable access to Calgary’s downtown core.
4. Leasehold Condo with Garage in Bridgeland – $100,000
22, 643 4 Avenue NE, Calgary, AB
This 2-bedroom, 2-bath leasehold unit in Bridgeland offers over 1,200 sq ft, an attached garage, a private driveway, and tons of storage space. Though leasehold, it’s an excellent deal for the square footage.
Key Features:
- 1,241 sq ft | 2 Bedrooms | 1.5 Bathrooms + Den
- South-facing balcony with city views
- Wood-burning fireplace, in-suite laundry
- Maintenance fee: $238/month
- Newer laminate flooring and updated bathrooms
- Leasehold: must be purchased with adjoining property MLS® A2211178
This is a unique 45-year leasehold—not traditional condo ownership—so ensure your financing aligns with this property type.
Why Consider These Calgary Condos Under $150K?
- Urban convenience: All are located in central neighborhoods like Chinatown and Bridgeland
- Low-maintenance living: Ideal for busy professionals, students, and seniors
- Strong rental potential: Downtown and river-adjacent units are in high demand
- Affordable entry point: Start building equity instead of renting
Final Thoughts: Affordable Calgary Condos Do Exist (For Now)
While inventory under $150,000 is limited in Calgary, these listings prove that smart, affordable homeownership is still possible in the city. Whether you’re looking for a low-cost place to live, a strategic rental property, or a foothold in Calgary’s downtown market—these four condos deserve a closer look.