Ready to find your dream home? Browse our latest listings for houses under $500,000 in Victoria, BC, or contact us to schedule a consultation. Your ideal home is just a few clicks away!
Houses for Sale in Victoria, BC Under $500,000
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1011670
- Photos (14)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
Welcome to a 2.49 acre opportunity in Otter Point, just ten minutes from Sooke’s town centre. Surrounded by farmland and classic West Coast scenery, this property offers a peaceful sense of space with room to create something truly special. Comprised of two separate titled lots, each with its own drilled well, the setting provides flexibility for a private family estate or a thoughtful long term investment. The property enjoys sunny southern exposure, features a seasonal creek within the common area, and backs directly onto Crown land with easy access to nearby trails and endless outdoor recreation. The sale includes engineer stamped building plans and a detailed pre construction report, offering a valuable head start for those looking to build. With much of the preliminary work already completed, this exceptional offering blends privacy, opportunity, and convenience, creating an ideal foundation for your Vancouver Island lifestyle.
- Property Type:
- Residential
- Type:
- Land
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Sk Otter Point, Sooke
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Size:
- 2.49 acre(s)
- Kitchens:
- 0
- Taxes:
- Signup
- Number of Storeys:
- 0
- Number of Buildings:
- 2
- 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:
- Perc Test On File, Septic Needed
- Fireplace:
- No
- Pending Date:
- Signup
- Mountain(s), Other
- Sooke rd to Otter point Rd
- Other
- Main Level
- 0
- Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
- 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
- Association Fee Year:
- 2025
- 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
- Occupancy:
- Vacant
- Property Condition:
- Land Value Only
- Lot Site Features:
- Acreage, Easy Access, Park Setting, Private, Quiet Area, Rural Setting, In Wooded Area
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- RV Access/Parking
- Total Parking Spaces:
- 5
- Road Surface Type:
- Paved
- Common Parking Spaces:
- 4
- LCP Parking Spaces:
- 4
- Lot Parking Spaces:
- 4
- Total Units:
- Signup
- Date Listed:
- Sep 05, 2025
- Original Price:
- 725000.0
-
Photo 1 of 14 -
Photo 2 of 14
-
Photo 3 of 14
-
Photo 4 of 14
-
Digitally staged house, showing the potential of the land.
-
Photo 6 of 14
-
Photo 7 of 14
-
Photo 8 of 14
-
Photo 9 of 14
-
Photo 10 of 14
-
Photo 11 of 14
-
Photo 12 of 14
-
Photo 13 of 14
-
Photo 14 of 14
Listed by RE/MAX Camosun
Data was last updated February 22, 2026 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 24
- Avg list price:
- $707,500
- Min list price:
- $399,900
- Max list price:
- $2,500,000
- Avg days on market:
- 237
- Min days on market:
- 4
- Max days on market:
- 628
- Avg price per sq.ft.:
- $535.63
These statistics are generated based on the current listing's property type
and located in
Sk Otter Point. 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.