What does $725k Buy You in Calgary?

Many buyers begin their home search with a favourite neighbourhood in mind, but once they discover what their budget can buy across different parts of Calgary, those priorities often shift.

Maybe that inner-city charm also comes with more maintenance and less space than expected. Or perhaps the comfort, increased square footage, and more expansive lots found in the suburbs don’t quite outweigh the longer commute and evolving infrastructure.

 
This guide compares what $725,000 (the median Calgary home price) can buy in four key regions—the Inner City, Southeast Suburbs, Northeast Suburbs, and the Westside—to help you weigh your options against your budget and make an informed, confident decision about where to call home.

Where lifestyle leads and location is everything, Calgary’s Inner City offers unmatched convenience, walkability, and architectural character with opportunities for historical homes and new infills.

However, while charm and character may be a draw, options for $725,000 or under have narrowed in the inner city. Finding a detached home is increasingly rare at this price point, and many are future development lots in up-and-coming locations.

 
More realistically, $725K opens the door to an older semi-detached home or quality townhome in established communities. These homes, despite sacrificing on size, often offer updated interiors and low-maintenance living.
While you won’t typically find large yards or attached garages here, you’re gaining proximity to downtown, transit, restaurants, and future redevelopment value.

 
What $725,000 buys:

Size: ~800-1300 sq. ft. above grade
Bedrooms/Bathrooms: 2–3 bedrooms, 1.5–2 full baths
Garage: Detached single or double
Lot/Yard: Smaller lots (25'–30' wide), limited yard space
Interior: May include character features (e.g., hardwood, coved ceilings), older kitchens/baths, or basic renovations
Basement: Often finished, may offer office or rec space; ceiling height may be lower

Compared to the suburbs:
You’ll sacrifice interior space, newer finishes, and exterior lot size but gain a shorter commute, walkable amenities, and strong redevelopment potential.

The Southeast Suburbs

Where family-friendly design meets modern convenience, Calgary’s SE suburbs offer larger homes, open-concept layouts, family-oriented neighbourhoods, and newer builds tailored to everyday living.

At this price point, you’ll typically find an older 2-storey, 1,900–2,200 sq. ft. home with 3–4 bedrooms, an attached double garage, and upgraded finishes like granite counters and stainless appliances — all within a master-planned community.

Size: ~1,800–2,300 sq. ft. above grade
Bedrooms/Bathrooms: 3–4 bedrooms, 2.5–3 full baths
Garage: Double attached
Lot/Yard: 35'–40' wide lot, typically landscaped
Interior: Open-concept layouts, quartz/granite counters, stainless steel appliances, spacious primary suites
Basement: Generally undeveloped, but ready for future customization

Compared to the suburbs:

For approximately the same price, you’ll gain double the interior space, newer finishes, and attached garages at the cost of a longer commute to inner city amenities and newer (sometimes less mature) infrastructure.

The quickly growing NE suburbs offer buyers more space and flexibility for their dollar, with larger homes and practical floor plans with possibilities for income-generating potential. Ideal for buyers who have extended or multi-generational families. Calgary’s NE delivers some of the best dollar-per-square-foot value in the city.

What $725,000 buys:
Size: ~2,000–2,400 sq. ft. above grade
Bedrooms/Bathrooms: 4–5 bedrooms, 3–4 full baths
Garage: Double or triple attached (varies by community)
Lot/Yard: 35'–40' wide, usually fenced and landscaped
Interior: Functional layouts, upper-floor laundry, spice kitchens, builder-grade or modest finishes
Basement: Frequently developed with legal or rentable 1–2 bedroom suites

Compared to SE suburbs:
With commute times similar to the southeast and other suburbs, you’ll often find more bedrooms and baths, potential rental income, and larger layouts. However, home finishes may be more practical than polished, and green space access can vary.

Blending timeless appeal with established neighbourhoods, Calgary’s Westside delivers a refined balance of location, livability, and long-term stability. These communities often offer mature landscaping, moderately larger yard sizes, quality schools, and easy transit access.

What $725,000 buys:
Size: ~1,800–2,200 sq. ft. above grade
Bedrooms/Bathrooms: 3–4 bedrooms, 2.5–3 full baths
Garage: Double attached or detached
Lot/Yard: Larger, mature lots (~40'+), often landscaped with trees
Interior: A mix of original and updated finishes (e.g., granite counters, hardwood, vaulted ceilings), well-maintained
Basement: Typically developed with rec space, extra bedroom, and bath

Compared to SE/NE:
Expect slightly older homes and fewer square feet, but slightly more affluent and developed communities featuring established infrastructure, higher resale stability, quick access to schools, the LRT, and the mountains.

Final Thoughts

While $725,000 may be a set figure, what it can buy in Calgary varies greatly depending on the location. Each part of the city offers its own combination of lifestyle, features, and trade-offs, highlighting how much value is influenced by neighbourhood choice.

Every buyer has different needs, preferences, and priorities. By understanding how your money stretches in various areas, you can make a decision that fits both your current lifestyle and long-term goals.

Whether you're early in the process or ready to make a move, our team is here to support you with clear guidance and expert insight.

Reach out today to start your personalized home search and discover what’s possible.