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Houses for Sale in Victoria, BC Under $500,000
474 Wakesiah Ave
Nanaimo
V9R 3K9
$570,000
Residential
beds: 2
baths: 2.0
850 sq. ft.
built: 1948
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1007812
- Bedrooms:
- 2
- Bathrooms:
- 2
- Year Built:
- 1948
- Photos (22)
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Located right across from the Vancouver Island University. This multi use COR-1 zoned property with home is a great opportunity for a first time buyer or someone looking to put their touch on a cute home and great level lot. This 2 bedroom, two bathroom house offers up plenty of living space and with the fully fenced yard is perfect for the family and puppy to enjoy its a sure winner. A very cute storage shed/playhouse is located in the backyard. This lot can be accessed off Wakesiah and has a convenient gate on the backyard providing access off the rear laneway; Ideal for future carriage house development or extra/RV parking. Level sunny yard with plenty of shrubbery and plants to enjoy. Great place to call home or a perfect rental investment property. Call today to arrange a viewing. [Bonus: Development potential with purchase of adjacent property 486 Wakesiah MLS #1008818] All measurements and other data must be verified if deemed important.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1948 (Age: 77)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 850 sq. ft.
- Listing General Location:
- Na University District, Nanaimo
- Bedrooms:
- 2
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 6,900 sq. ft.
- Kitchens:
- 1
- Home Style:
- Character
- Taxes:
- Signup
- Building Features:
- Transit Nearby
- Construction:
- Frame Wood, See Remarks
- New Construction:
- No
- Basement:
- Crawl Space
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Roof:
- Asphalt Shingle
- Other Structures:
- Storage Shed
- Ceiling Heights:
- Signup
- Floor finish:
- Mixed
- Total Building Area:
- 850 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 2
- # Main Level Bedrooms:
- 2
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 2
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.
- Living Area Main Floor:
- 850 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Baseboard, Electric
- Fireplace:
- No
- Pending Date:
- Signup
- F/S/W/D
- Workshop
- Vinyl Frames
- Fenced, Low Maintenance Yard
- Mountain(s)
- Directly across the road from the University parking lot
- Ground Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- 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:
- City of Nanaimo
- Legal Description:
- Signup
- Zoning:
- COR1
- Accessibility:
- Ground Level Main Floor
- 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:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 1
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Fixer
- Utilities:
- Electricity Connected, Garbage, Natural Gas Available, See Remarks
- Exposure / Faces:
- Southwest
- Layout:
- Rancher
- Lot Site Features:
- Central Location, Easy Access, Family-Oriented Neighbourhood, Level, Private, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk, Southern Exposure, Square Lot, See Remarks
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Additional Parking, Driveway, Open
- Total Parking Spaces:
- 2
- Road Frontage Type:
- Lane
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Jul 16, 2025
- Original Price:
- 570000.0
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Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated October 11, 2025 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 58
- Avg list price:
- $699,444
- Min list price:
- $299,000
- Max list price:
- $2,969,000
- Avg days on market:
- 44
- Min days on market:
- 1
- Max days on market:
- 263
- Avg price per sq.ft.:
- $397.44
These statistics are generated based on the current listing's property type
and located in
Na University District. 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.