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Houses for Sale in Victoria, BC Under $500,000
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1022187
- Photos (29)
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Newly Renovated and Priced to Sell Development-Ready Property with R14 Zoning & Strong Location Opportunity knocks at 680 Pine Street – a well-situated ¼ acre parcel in central Nanaimo with R14 zoning and rear alley access, making this an ideal site for redevelopment. The existing 3-bedroom, 1-bath home offers rental income while you plan. Add a carriage home, duplex, or explore multi-unit options under current zoning allowances. With strong demand for housing and proximity to Vancouver Island University, shopping, restaurants, and transit, this location provides both immediate rental appeal and excellent long-term upside. A strategic acquisition for the experienced investor.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
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- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 10,156 sq. ft.
- Taxes:
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- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- City of Nanaimo
- Legal Description:
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- Parking Features:
- On Site
- Total Units:
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- Date Listed:
- Dec 22, 2025
- Original Price:
- 524900.0
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Listed by REMAX Professionals (NA)
Data was last updated December 28, 2025 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 27
- Avg list price:
- $680,000
- Min list price:
- $23
- Max list price:
- $2,850,000
- Avg days on market:
- 159
- Min days on market:
- 6
- Max days on market:
- 613
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- BC HOME GROUP
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email
Affordable Houses for Sale in Victoria, BC Under $500,000
Are you looking for affordable real estate options in Victoria, BC? While the housing market in British Columbia can be competitive, finding homes under $500,000 is still possible. Explore the best options for condos, townhouses, and smaller homes that fit your budget.
Discover Budget-Friendly Homes in Victoria, BC
Victoria offers a diverse range of properties perfect for first-time buyers, investors, or those seeking affordable housing. Here are some examples of what you might find in this price range:
- Condos: Compact and efficient spaces located near downtown and major amenities.
- Townhouses: Ideal for families or individuals who need a little extra space.
- Pre-Construction Opportunities: Secure your home at today’s prices with developments planned for the future.
Why Choose Victoria for Affordable Housing?
Victoria is known for its beautiful landscapes, thriving communities, and excellent quality of life. Living here means you’ll enjoy:
- Proximity to the Pacific Ocean and outdoor recreation.
- A vibrant cultural scene with local restaurants, cafes, and festivals.
- Access to top-rated schools and healthcare facilities.
Tips for Finding Houses Under $500,000 in Victoria
- Work with a Local Real Estate Expert: A knowledgeable realtor can help identify the best deals.
- Explore Emerging Neighborhoods: Areas slightly outside the city center often offer more affordable options.
- Consider Smaller Properties or Fixer-Uppers: These can provide excellent value for your money.
Frequently Asked Questions
Q: Are there single-family homes available under $500,000 in Victoria?
A: Single-family homes in this price range are rare, but condos and townhomes are widely available.
Q: What are the best neighborhoods for affordable housing?
A: Consider areas like Langford, Esquimalt, or Colwood for more budget-friendly options.