Downtown (Edmonton) Homes under $500,000

Welcome to Downtown Edmonton, a vibrant hub where urban sophistication meets community spirit! Nestled in the heart of Alberta’s capital, this dynamic neighborhood is a perfect blend of modern living, rich culture, and endless opportunities. Downtown Edmonton is known for its stunning skyline, featuring a mix of historic buildings and contemporary architecture that create a visually captivating atmosphere.

As a resident of Downtown, you’ll enjoy a lifestyle filled with convenience and excitement. The area boasts an array of amenities, including trendy cafes, gourmet restaurants, and eclectic boutiques. For those who appreciate the arts, the nearby Art Gallery of Alberta and the Winspear Centre promise a cultural feast, while the lush River Valley parks offer a serene escape from the urban hustle.

One of the most appealing aspects of Downtown Edmonton is the availability of homes under $500,000. Whether you’re a first-time homebuyer, a young professional, or looking to downsize, you’ll find a variety of options that cater to diverse lifestyles. From stylish condos with breathtaking views to charming townhomes nestled in quiet corners, there’s something for everyone. These affordable housing options make it easy to embrace the vibrant city life without breaking the bank.

Living in Downtown Edmonton means enjoying a rich tapestry of experiences right at your doorstep. With excellent public transit options, you can easily explore the surrounding neighborhoods or venture further out into the breathtaking Alberta wilderness. Come discover your new home in Downtown Edmonton—a place where community, culture, and comfort converge!

Newest Downtown (Edmonton) Homes under $500,000

Courtesy of Neithan Salame of REMAX River City.

$399,900

2 Beds ⋅ 2 Baths ⋅ E4511482 MLS® # ⋅ Alta Vista North BLDG. ⋅ Neithan Salame

Absolutely stunning downtown residence offering over 1,560 sq. ft. of stunning living space. This beautiful 2-bedroom, 2-bathroom apartment showcases soaring ceilings, huge windows that flood the space with natural light, a striking brick fireplace and island, and a chef-inspired kitchen perfect for entertaining. Step onto your private balcony and take in beautiful downtown views, including Rogers Place. The spacious primary retreat features a walk-in closet and a private ensuite, with direct access to the balcony for the perfect blend of comfort and convenience. Additional highlights include a tandem two-car parking stall and a dedicated storage cage. Just steps away from Grant Macewan, Rogers Place, and the heart of downtown Edmonton this is an exceptional combination of space, character, and natural light. Downtown living at its finest!

10319 111 Street Unit 1006, Edmonton

Courtesy of Frank A Vanderbleek of Royal LePage Noralta Real Estate.

$219,800

2 Beds ⋅ 1 Baths ⋅ E4511427 MLS® # ⋅ Mcdougall Place BLDG. ⋅ Frank A Vanderbleek

Spacious and Bright Tree Top Hi Rise Condominium, McDougall Place, located on a tree lined street just off the central core offering over 1425 sq ft of living space with two bedrooms, two baths and one underground titled parking stall. This late 70’s condominium has a huge living room with west and east windows and a tree top balcony on the west side. There is a spacious dining room with a west exposure and a large kitchen with ample storage and workspace with the laundry area located just off the kitchen. The primary bedroom has a walk-in closet, 2-piece ensuite bath and west view. The second bedroom is well-sized also with a west view. There is a 4-piece bath located down the hall from both bedrooms. The home is completed with a large in-suite storage room and Luxury Vinyl plank throughout. The building has a large exercise room, party room and visitor parking. The location provides easy access to LRT, Downtown, Cafes, Shopping, Restaurants, Post Secondary Schools, River Valley and more. Pet Friendly!

9921 104 Street Unit 703, Edmonton

Courtesy of Adam T Dirksen of Rimrock Real Estate.

$430,000

1 Beds ⋅ 1 Baths ⋅ E4511402 MLS® # ⋅ Phillips Lofts BLDG. ⋅ Adam T Dirksen

Stunning 1471 sqft Historic Loft in Downtown Edmonton. This beautifully renovated main-floor loft blends historic charm with modern upgrades. Featuring expansive ceiling heights and updated flooring throughout, the space is bathed in natural light, creating an airy and inviting atmosphere. The kitchen boasts brand-new appliances, and fresh paint enhances the loft’s clean, contemporary feel. This unit offers both privacy and convenience plus 2 baths with one having a steam shower! Located in the heart of downtown Edmonton, you’re just steps away from shopping, dining, and cultural attractions, making this a prime location for city living. Don’t miss the opportunity to own a piece of history in one of Edmonton’s most vibrant neighbourhoods. THIS COULD BE THE PERFECT HOME BASED BUSINESS OPPORTUNITY TOO... WITH YOUR VERY OWN PRIVATE BACK DOOR THERE IS NO NEED TO COME THROUGH THE FRONT EVERY TIME. There is even a roof top patio that offers a super cool vibe.

10169 104 Street Unit 102, Edmonton

Courtesy of Ke Wang of MaxWell Polaris.

$299,888

2 Beds ⋅ 2 Baths ⋅ E4511292 MLS® # ⋅ Fox Two BLDG. ⋅ Ke Wang

GORGEOUS/UPGRADED condo located in Edmonton's prestigious tower the FOX TWO! This well laid out 830 sqft unit features high end finishing throughout, 2 large bedrooms, 2 full washrooms, ONE TITLED UNDERGROUND parking, spectacular views from every room, floor to ceiling windows, balcony, upgraded kitchen w/ quartz countertops, upgraded cabinets & appliances, and A/C! Located in the heat of Edmonton's downtown social scene, walking distance to Rogers Place, shops, cafes, restaurants & lounges!

10410 102 Avenue Unit 1105, Edmonton

Courtesy of Stefani F Schell of RE/MAX Elite.

$199,900

3 Beds ⋅ 1 Baths ⋅ E4511117 MLS® # ⋅ Capital Centre BLDG. ⋅ Stefani F Schell

Gorgeous Capital Centre 3 BEDROOM + 2 BATHROOM + 2 PARKING STALLS unit! Located on the 6th floor, and on the East side of the building, this unit is sure to impress. The open concept kitchen features a central island with power, plenty of cabinetry and newer stainless steel appliances. There is a good sized dining space that can be utilized as a flex area, spacious living room with access to your sprawling balcony w/ access to a storage closet. Down the hall, are 3 bedrooms incl. the Primary Suite w/ walk through closet & 2 piece ensuite, a 4 piece bathroom, & in-suite laundry. Completing this unit are 2 underground titled parking stalls, with great proximity to the Elevators. The building features a rooftop patio, spacious rec/games room as well as an amazing exercise room with sauna. Recent building upgrades incl: modern black windows, balconies & new elevators. Prime downtown location, across from Save On Foods and easy access to all universities.

10125 109 Street Unit 601, Edmonton

Courtesy of Janice L Kosak of MaxWell Challenge Realty.

$179,900

2 Beds ⋅ 1 Baths ⋅ E4511099 MLS® # ⋅ Mckay Manor BLDG. ⋅ Janice L Kosak

DOWNTOWN LIVING WITH THE RIVER VALLEY AT YOUR DOORSTEP. Welcome to McKay Manor, where an exceptional location puts the best of Edmonton within easy reach. This freshly painted 2-bedroom corner residence offers a smart, inviting layout with generous windows, a spacious living room with fireplace and a private patio overlooking the building’s landscaped terrace—a perfect spot for morning coffee or an evening glass of wine. Enjoy the convenience of in-suite laundry, underground parking and a private storage locker, plus excellent building amenities including a fitness room, car wash, elevator and common/rec room available for private gatherings. Walk to the Legislature grounds, river valley trails and LRT, with quick connections to the University of Alberta, MacEwan University, ICE District, Jasper Avenue and beyond. Whether you’re a professional, downsizer or simply looking for a sophisticated urban home, this move-in-ready corner suite delivers location, lifestyle and convenience in one impressive package

10403 98 Avenue Unit 217, Edmonton

Courtesy of June Wu of Mozaic Realty Group.

$238,000

2 Beds ⋅ 2 Baths ⋅ E4511001 MLS® # ⋅ Icon Ii BLDG. ⋅ June Wu

Beautiful 2 Bedroom, 2 Bathroom Condo on the 27th Floor with Downtown City Views. This bright, stylish home offers a functional layout with luxury vinyl plank in the main living areas and hardwood in both bedrooms. The open kitchen features granite countertops, stainless steel appliances, and an eating bar. The second bedroom includes a CUSTOM MURPHY BED and shelving unit, easily transforming space to study room or guest room. The primary bedroom can fit a king-sized bed and includes a walk-in closet and private ensuite. IN-SUITE LAUNDRY, large south-facing BALCONY and prime underground parking stall which next to the elevator complete the package. Located steps from dining, shopping, LRT, the Ice District, MacEwan, and the River Valley—this is downtown living at its best. The home offered fully furnished and ready for immediate investment or personal enjoyment!

10152 104 Street Unit 2704, Edmonton

Courtesy of Tristan Jones of Century 21 Masters.

$199,900

1 Beds ⋅ 1 Baths ⋅ E4510824 MLS® # ⋅ Alta Vista North BLDG. ⋅ Tristan Jones

Welcome to Alta Vista North and downtown living at its best! This bright and inviting condo offers a functional open-concept layout, in-suite laundry, and the convenience of titled underground parking. The kitchen features stainless steel appliances, ample cabinetry, and a central island with eat-up seating, opening seamlessly into the spacious living area, perfect for relaxing or entertaining. The well-sized bedroom provides a comfortable retreat, while the full bathroom features a large vanity, tile surround, and deep soaker-style tub/shower combo. Neutral finishes and a smart use of space make this home easy to move into and enjoy. An excellent option for first-time buyers, students, professionals, or investors looking for a well-located property in the heart of Edmonton. Just minutes from MacEwan University, Rogers Place, the Ice District, restaurants, shopping, transit, and everything downtown has to offer.

10319 111 Street Unit 503, Edmonton

Courtesy of Selena Cheung of RE/MAX Excellence.

$99,000

1 Beds ⋅ 1 Baths ⋅ E4510685 MLS® # ⋅ Cambridge Lofts BLDG. ⋅ Selena Cheung

Welcome to Cambridge Lofts in the heart of Downtown Edmonton. This unique loft style condo offers high ceilings, oversized windows, and an open layout that creates a bright, modern living space. The efficient floor plan includes a spacious living area, kitchen, dining space, comfortable bedroom area, full 4-piece bathroom, and convenient in-suite laundry. Located directly on Jasper Avenue, the building offers something few others can, private indoor access to the LRT station and immediate access to bus routes right outside the lobby. Step outside and you are within walking distance of Rogers Place, the Ice District, Churchill Square, the Art Gallery, Royal Alberta Museum, restaurants, cafes, nightlife, and the river valley trails. Cambridge Lofts is also one of the rare downtown buildings that allows short-term rentals including Airbnb, making this property attractive for investors, students, or professionals wanting flexible urban living. A fantastic opportunity to own an affordable downtown loft in a tr

10024 Jasper Avenue Unit 412, Edmonton

Courtesy of Rossella Trulli of Rimrock Real Estate.

$110,000

1 Beds ⋅ 1 Baths ⋅ E4510594 MLS® # ⋅ River Valley Condominiums BLDG. ⋅ Rossella Trulli

Incredible value for this UPDATED, 1bd/1ba TOP FLOOR unit at River Valley Condominiums, featuring stainless steel appliances and gorgeous valley views! Perfectly located, just steps from the river valley, this condo has easy access to the University of Alberta, MacEwan University, LRT, ICE District, city center, shopping, restaurants, festivals and the incredible river valley trail system. River Valley Condominiums features concrete construction, two elevators, a flexible parking system, same floor laundry and updated windows and heating system. Very low condo fees include heat, unlimited electricity, water, sewer, insurance, property manager and a healthy reserve fund. A dream for first time buyers, students, downsizers and investors alike.

9710 105 Street Unit 1210, Edmonton

Courtesy of Francis Fan of MaxWell Polaris.

$99,900

1 Beds ⋅ 1 Baths ⋅ E4510587 MLS® # ⋅ River Valley Condominiums BLDG. ⋅ Francis Fan

The Best of Both Worlds in Carefree Condo Living! Affordable central downtown living and steps to Edmonton's River Valley trail system. Enjoy the vibrant urban living as well as being so close to nature & trails. Easy access to Grant Macewan University, U of A & Hospital & Royal Alex, Rogers Place & the Ice District etc.. Walk or bike to your favourite restaurants, coffee shops and shopping venues. No more waste on commuting times. Flexible parking system. Great spacious open layout. Condo fees includes all utilities of heat, water & power. Ideal for first time home buyers, students or savvy investors.

9710 105 Street Unit 403, Edmonton

Courtesy of Cassie Weber of Century 21 Masters.

$399,000

2 Beds ⋅ 2 Baths ⋅ E4510571 MLS® # ⋅ Encore Tower BLDG. ⋅ Cassie Weber

Experience elevated urban living in this stunning 31st-floor condo at the prestigious Encore Tower. Perfectly positioned in the vibrant downtown core, you're just steps from the Ice District, 104th Street, and some of Edmonton’s finest dining and entertainment. Step inside to be greeted by floor-to-ceiling windows offering breathtaking north to south panoramic views, capturing the beauty of west-facing sunsets and the glittering city skyline. The modern chef’s kitchen boasts sleek finishes, high-end appliances, and seamless flow into the open-concept living area—ideal for both relaxing and entertaining.This luxurious unit features 2 spacious bedrooms and 2 pristine bathrooms, all complemented by your own private balcony to take in the views. Residents of Encore Tower enjoy exclusive access to premium amenities including a fully equipped private gym, a stylish social lounge, and a beautifully situated 4th-floor outdoor terrace overlooking downtown Edmonton. Live in sophistication, style, and comfort!

10180 103 Street Unit 3103, Edmonton

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