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Houses for Sale in Victoria, BC Under $500,000
3792 N Morgan Cres
Port Alberni
V9Y 6C3
$599,999
Residential
beds: 4
baths: 2.0
1,754 sq. ft.
built: 1958
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1023835
- Bedrooms:
- 4
- Bathrooms:
- 2
- Year Built:
- 1958
- Photos (26)
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Located in one of the most sought-after neighbourhoods, this well-maintained 4 bedroom, 2 bathroom LEGAL DUPLEX, situated on a nearly 1/4 acre corner lot, offers ideal opportunities! Just minutes from schools, shopping, parks & walking trails, the location is as convenient as it is desirable. The property has seen numerous updates over the years making it a truly turn-key investment. Each unit is separately metered and features its own private, cedar fenced yard. Unit A includes a storage shed, while Unit B offers both a storage shed and a 600sqft double garage (with access off the street and alley).Whether you’re looking to add to your rental portfolio, want to live in one unit while generating income from the other or are looking for a multi-family compatible home, this duplex offers flexibility. With great tenants already in place, utilities paid by tenants, and a gross annual income of $37,608 (after April 2026 rent increase) this could be a great investment in a high-demand area.
- Property Type:
- Residential
- Type:
- Full Duplex
- Year built:
- 1958 (Age: 68)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 1,754 sq. ft.
- Listing General Location:
- PA Port Alberni, Port Alberni
- Bedrooms:
- 4
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 9,394 sq. ft.
- Lot Details:
- 77 x 122
- Kitchens:
- 2
- Home Style:
- Patio Home, Contemporary
- Taxes:
- Signup
- Construction:
- Insulation: Ceiling, Insulation: Walls, Stucco & Siding
- New Construction:
- No
- Basement:
- Crawl Space, None
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Roof:
- Asphalt Shingle
- Levels:
- 1
- Other Structures:
- Storage Shed, Workshop
- Ceiling Heights:
- Signup
- Floor finish:
- Mixed
- Total Building Area:
- 1,754 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 4
- # Main Level Bedrooms:
- 4
- # 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:
- 2
- # 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:
- 1,754 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, See Remarks
- Dining/Living Combo, Eating Area, Storage
- Vinyl Frames
- Fenced, Low Maintenance Yard
- 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 Port Alberni
- Legal Description:
- Signup
- Accessibility:
- Ground Level Main Floor, Primary Bedroom on Main
- 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:
- 2
- 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:
- Tenant
- Property Condition:
- Resale
- Utilities:
- Electricity Connected
- Exposure / Faces:
- North
- Layout:
- Rancher
- Lot Site Features:
- Central Location, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Near Golf Course, Quiet Area, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 1
- Garage:
- Yes
- Parking Features:
- Driveway, Garage, On Street
- Total Parking Spaces:
- 4
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Jan 26, 2026
- Original Price:
- 599999.0
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Two Bay Garage with Storage Shed, Unit A
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Photo 7 of 26
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Unit B
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Unit B
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Unit B
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Unit B
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Unit B
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Unit B
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Unit B
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Unit B
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Unit B
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Unit B
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Unit A
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Unit A
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Unit A
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Unit A
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Unit A
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Unit A
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Unit A
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Unit A
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Nearby Parks, Schools, Walking paths and Shopping!
Listed by Real Broker
Data was last updated January 30, 2026 at 02:05 PM (UTC)
Area Statistics
- Listings on market:
- 151
- Avg list price:
- $499,999
- Min list price:
- $54,900
- Max list price:
- $1,750,000
- Avg days on market:
- 74
- Min days on market:
- 1
- Max days on market:
- 479
- Avg price per sq.ft.:
- $336.89
These statistics are generated based on the current listing's property type
and located in
PA Port Alberni. 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.