Devon Homes under $500,000

Welcome to Devon, Alberta – a charming gem nestled just 30 minutes southwest of Edmonton. Known for its picturesque landscapes and tight-knit community, Devon offers a perfect blend of small-town charm and modern conveniences. The town is situated along the banks of the North Saskatchewan River, providing residents with stunning views and ample opportunities for outdoor recreation, from hiking and biking to fishing and kayaking.

Devon boasts a rich history, with roots dating back to the early 1900s. Today, it is a vibrant community that celebrates its heritage while embracing the future. With excellent schools, parks, and cultural events, Devon is an ideal place for families, young professionals, and retirees alike.

One of the most enticing aspects of Devon is its real estate market, particularly for those seeking homes under $500,000. This price range offers a variety of options, from cozy bungalows to modern two-story family homes, ensuring that you can find the perfect fit for your lifestyle and budget. The homes in Devon often feature spacious yards, contemporary designs, and easy access to amenities, making them a fantastic investment for anyone looking to settle in a welcoming community.

Whether you're drawn to the scenic beauty, the friendly atmosphere, or the affordability of homes, Devon has something for everyone. Discover your dream home in this enchanting town and become a part of a community that truly feels like home. Embrace the Devon lifestyle today!

Newest Devon Homes under $500,000

Courtesy of Jill Jordan of RE/MAX Real Estate.

$399,900

4 Beds ⋅ 2 Baths ⋅ E4512642 MLS® # ⋅ Jill Jordan

OVERSIZED 22x26 GARAGE, BACKING WALKING TRAILS & LOCATED IN THE HEART OF DEVON! This spacious 2-storey home offers a fantastic opportunity to add your personal touch in a family-friendly neighbourhood. Built in 2003, the open-concept design features a generous country kitchen with oak cabinetry, island, pantry & unique display ledge with recessed lighting. Two WEST-FACING BAY WINDOWS bring in plenty of natural light, while the dining area overlooks the fully fenced & landscaped backyard. Upstairs offers a spacious primary bedroom with walk-in closet & a 4-pc bath with relaxing soaker tub. The partially finished basement adds a family room, 4th bedroom/flex space, full bath & laundry. Additional highlights include a NEW ROOF (2026) & OVERSIZED 22x26 GARAGE WITH 9-FT CEILINGS, ideal for larger vehicles, storage or a workshop. Bring your paintbrush & make it your own! Enjoy nearby schools, walking trails, hospital & Devon’s beautiful river valley, with easy access to Edmonton, Leduc, Nisku & EIA.

137 Michigan Street, Devon

Courtesy of Tracie A Sarumowa of Exp Realty.

$374,900

3 Beds ⋅ 2 Baths ⋅ E4511718 MLS® # ⋅ Tracie A Sarumowa

Located in the desirable town of Devon, this freshly painted 1,400 sq. ft. two-storey home offers modern finishes, a newer roof (2020), newer flooring (2020), and a newer hot water tank (2021). The main floor features a flexible den ideal for an office or additional bedroom, a half bath, and a bright, open living and dining area perfect for family gatherings. The white kitchen includes pot & pan drawers, stainless steel appliances, and a walk-in pantry with solid wood shelving. Upstairs, the primary suite boasts a walk-in closet and 4-piece ensuite, alongside two additional bedrooms, a 4-piece bath, and a linen closet. The partially finished basement adds a large rec room and dedicated laundry area. Enjoy fantastic community living with immediate access to scenic North Saskatchewan River valley trails, local parks, golf courses, top-rated schools, and quick commuter access to Edmonton, Nisku, and Leduc.

81 Michigan Street, Devon

Courtesy of Taylor J Hack of REMAX River City.

$300,000

3 Beds ⋅ 2 Baths ⋅ E4511387 MLS® # ⋅ Taylor J Hack

Looking for a detached home without the price tag you might expect? Visit the REALTOR®’s website for more details. As one of the best-priced single-family home currently for sale in Devon, this property offers unbeatable value. This charming 3 bedroom bungalow offers the space & privacy you're looking for. The main floor offers a functional layout complete with a comfortable living room, kitchen, dining area, two bedrooms, and a full bath. The fully finished basement adds even more value with a third bedroom, a second full bathroom, additional living space, and tons of storage. A new roof adds peace of mind, & the large deck creates the perfect spot for morning coffee, summer BBQs & relaxing with friends. Set in a quiet community with schools, shopping, restaurants & everyday amenities nearby. Whether you’re a first-time buyer, downsizing, or looking for an alternative to condo living, this Devon bungalow offers space, privacy & convenience in one package.

51 Chungo Drive, Devon

Courtesy of Jill Jordan of RE/MAX Real Estate.

$499,900

4 Beds ⋅ 3 Baths ⋅ E4510574 MLS® # ⋅ Jill Jordan

3+1 BEDROOMS, 4 BATHROOMS & A FULLY FINISHED BASEMENT—this spacious Devon duplex delivers plenty of room for families looking for a move-in-ready home in a mature neighbourhood. Freshly painted with NEW CARPET, the bright main floor features durable laminate flooring & an ISLAND KITCHEN with GLOSS CABINETRY, stainless steel appliances & plenty of workspace. Upstairs offers 3 bedrooms, while the FULLY FINISHED BASEMENT adds a 4th bedroom, bathroom & additional living space, giving everyone room to spread out. Basement is prepped for a separate kitchen & laundry w/side door access. The 22’X24’ GARAGE provides excellent parking & storage, while the fully fenced & landscaped yard is ready to enjoy. Located within WALKING DISTANCE TO SCHOOLS, TRAILS & AMENITIES, with Devon’s beautiful river valley recreation nearby. Enjoy small-town living with excellent access to Edmonton, EIA, Nisku & major commuter routes. Devon is also home to the NAX AJHL hockey team. LOTS OF SPACE, GREAT LOCATION & NO CONDO FEES!

55 Michigan Street, Devon

Courtesy of Wes Springer of RE/MAX Real Estate.

$409,000

3 Beds ⋅ 1 Baths ⋅ E4509593 MLS® # ⋅ Wes Springer

A sweetheart of a starter home! Be prepared to fall in love with this charming 3-bedroom, 2 bathroom 2-storey home that is full of warmth, natural light and inviting character. From the welcoming front porch to the comfortable, bright interior, you will feel at home the moment you step inside. The functional layout offers plenty of space for everyday living, while the finished basement provides 560 sq ft Bringing the total living space to 1852 sq ft, even more room for a family room, home office, play area.Stay cool all summer with central air conditioning, natural gas line for your BBQ. Major updates include a new roof on the house in 2023, giving you added peace of mind. Outside, the double detached garage features back-alley access, 220V wiring and an electric heater perfect for parking, projects or extra storage. This well-kept home is move-in ready and packed with features, making it an excellent choice for first-time buyers, young families or anyone looking for a home with comfort.

887 Oakland Boulevard, Devon

Courtesy of Enayat Aminzadah of Grassroots Realty Group.

$439,000

3 Beds ⋅ 1 Baths ⋅ E4509436 MLS® # ⋅ Enayat Aminzadah

Welcome to this beautifully updated 3-bedroom detached home in Devon, Alberta, situated on a quiet cul-de-sac in a mature, established neighbourhood with a generous lot! Step inside to discover a fresh, modern feel with renovated living spaces, kitchen, bedrooms, and bathrooms. The practical 3-level split design features short flights of stairs, offering comfortable movement between levels without long staircases. An impressive list of updates and upgrades makes this home a rare find! Beyond the interior renovations, major improvements include newer appliances, brand-new garage shingles, an updated electrical system throughout the entire home, a new furnace, and a new hot water tank—providing added value and peace of mind. Enjoy convenient access to schools, parks, playgrounds, scenic walking trails, an off-leash dog park, golf, and the beautiful North Saskatchewan River valley.in one of Devon’s most appealing settings.

16 Thompson Crescent, Devon

Courtesy of Sharon M Josey of REMAX River City.

$205,000

3 Beds ⋅ 1 Baths ⋅ E4506491 MLS® # ⋅ Athabasca Acres BLDG. ⋅ Sharon M Josey

Welcome to the heart of Devon, a quiet and close-knit community where nature meets convenience. Whether you’re a first-time buyer or investor, this newly renovated 3-bedroom townhouse offers excellent value and a practical layout for everyday living. The bright, sun-filled living room features large windows that bring in an abundance of natural light. The spacious eat-in kitchen has been fully renovated with modern cabinetry, new appliances and plenty of room for family meals or entertaining. A convenient new 2 pc bath completes the main level. Upstairs, you’ll find a generous primary bedroom along with two additional well-sized bedrooms and a 4 pc bathroom. Extensive upgrades include new exterior finishing, shingles, front stairs, doors, windows, light fixtures, baseboards, electrical, kitchen, 2 pc bath, flooring and freshly painted. With affordable condo fees and a location close to schools, parks, walking trails and all the small-town charm Devon has to offer, this home is an excellent opportunity!

66 Athabasca Acres, Devon

Courtesy of Rinay Chand of Sterling Real Estate.

$499,965

5 Beds ⋅ 3 Baths ⋅ E4503129 MLS® # ⋅ Rinay Chand

New Furnace, New Hot Water Tank, New Roof on Detached Garage. Appliance Credit of $5,000 provided by the Seller on Closing. An EXCELLENT Opportunity to own Completely Renovated Up & Down. LOCATION, LOCATION, LOCATION. Turn-Key 5-Bed Masterpiece in amazing area of Devon. This Home is Completely Remodeled with new taste.. This home has an Oversized Detached Garage for Workshop or Extra Parking at the back. Don't Miss Out On This Opportunity!!! Fully Upgraded 5-Bed Masterpiece + Huge Detached Workshop Garage Near Devon River & Walking Trails! Totally Renovated! Stop scrolling and look no further! 5 Peace River Drive is the turn-key, top-to-bottom renovated.

5 Peace River Drive, Devon

Start Your Search

MLS® System Data is made available from the REALTORS® Association of Edmonton. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved. Data was last updated .

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.