Homes Under $400,000 in Edmonton, Alberta

Find affordable homes under $400,000 in Edmonton — updated daily with the latest MLS listings. Whether you’re a first-time buyer or looking for investment property, Edmonton offers exceptional value at this price point.

What Can You Buy Under $400,000 in Edmonton?

At the under $400,000 price point in Edmonton Alberta, buyers typically find condos, townhomes, and entry-level single-family homes. This budget range is ideal for first-time buyers and investors looking for positive cash flow properties. Alberta’s no-PST advantage means your buying power stretches further here than in any other major Canadian province.

First-Time Buyer Programs for Homes Under $400,000

Buying a home under $400,000 in Edmonton? You likely qualify for the First Home Savings Account (FHSA), the Home Buyers’ Plan, and potentially the Canada Mortgage and Housing Corporation (CMHC) mortgage insurance at favourable rates for down payments under 20%.