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Houses for Sale in Victoria, BC Under $500,000
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1025916
- Photos (9)
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Build the lifestyle you've always wanted on this expansive 1.98-acre lot in Upper Lantzville. This blank canvas offers endless possibilities to design your dream home all while enjoying a peaceful setting. The RU zoning allows for 2 full-size dwellings to be built or you could construct a home with a carriage house or a home with a secondary suite. With approval, two separate titled homes may be able to be built and home-based businesses are permitted. One well has already been drilled with an abundance of potable water & there is power to the property. This special lot was planned with 2 building sites on over an acre & the remainder has been protected as green "park space", making for a nice buffer from the neighboring homes. One key advantage in the district of Lantzville is the timely permit process! This is a prime location with the convenience of being just minutes from North Nanaimo’s shops, schools, and amenities. A truly unique opportunity to bring your vision to life.
- Property Type:
- Residential
- Type:
- Land
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Na Upper Lantzville, Nanaimo
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Size:
- 1.98 acre(s)
- Kitchens:
- 0
- Taxes:
- Signup
- Electricity:
- Yes
- Ceiling Heights:
- Signup
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 0
- # Main Level Bedrooms:
- 0
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 0
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 0
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Water supply:
- Well: Drilled
- Sewer:
- Septic Needed
- Fireplace:
- No
- Pending Date:
- Signup
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- District of Lantzville (SD68)
- Legal Description:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Utilities:
- Electricity Available
- Lot Site Features:
- Acreage, Easy Access, Private, Quiet Area, Rural Setting, Shopping Nearby, Southern Exposure
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Total Parking Spaces:
- 0
- Total Units:
- Signup
- Date Listed:
- Feb 13, 2026
- Original Price:
- 600000.0
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Listed by 460 Realty Inc. (NA)
Data was last updated February 22, 2026 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 35
- Avg list price:
- $699,000
- Min list price:
- $87,900
- Max list price:
- $8,900,000
- Avg days on market:
- 31
- Min days on market:
- 2
- Max days on market:
- 254
- Avg price per sq.ft.:
- $477.28
These statistics are generated based on the current listing's property type
and located in
Na Upper Lantzville. 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.