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Houses for Sale in Victoria, BC Under $500,000

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Lt 2 Fairbanks Rd
Du Cowichan Bay Cowichan Bay V0R 1N2

$539,000
Residential beds: 0 baths: 0.0

Main Photo: Lt 2 Fairbanks Rd in Cowichan Bay: Du Cowichan Bay Land for sale (Duncan)  : MLS®# 1008343
Status:
Active
Prop. Type:
Residential
MLS® Num:
1008343
Ready-to-build lot in Cowichan Bay! This newly created, flat 0.52-acre parcel offers ocean glimpses, full municipal water and sewer connections, and sits beside the upcoming luxury oceanfront community of Duke’s Landing. Just a short walk to beach access and hiking trails, and minutes to Cherry Point Marina and Park. Enjoy quick access to Cowichan Bay village, Highway 1, and endless recreation—golf, boating, biking, paddling, and more. Whether you have a builder or need one (available!), this rare fully serviced level lot is a prime spot to bring your dream home to life.
Property Type:
Residential
Type:
Land
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Du Cowichan Bay, Duncan
Bedrooms:
0
Bathrooms:
0.0 (Full:-/Half:-)
Lot Size:
0.52 acre(s)
Kitchens:
0
Taxes:
Ceiling Heights:
Commercial Area:
# 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:
Municipal
Sewer:
Sewer Available
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
Duncan Rural (765)
Legal Description:
Zoning:
R2
Units in Building:
Units in Community:
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:
Cable Available
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Other
Total Parking Spaces:
4
Total Units:
Date Listed:
Jul 30, 2025
Original Price:
539000.0
  • Photo 1: Lt 2 Fairbanks Rd in Cowichan Bay: Du Cowichan Bay Land for sale (Duncan)  : MLS®# 1008343
    Photo 1 of 1
Listed by REMAX Professionals
Data was last updated October 4, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
32
Avg list price:
$822,450
Min list price:
$135,000
Max list price:
$14,500,000
Avg days on market:
50
Min days on market:
1
Max days on market:
259
Avg price per sq.ft.:
$433.61
These statistics are generated based on the current listing's property type and located in Du Cowichan Bay. Average values are derived using median calculations. This data is not produced by the MLS® system.

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

  1. Work with a Local Real Estate Expert: A knowledgeable realtor can help identify the best deals.
  2. Explore Emerging Neighborhoods: Areas slightly outside the city center often offer more affordable options.
  3. 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.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.