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Houses for Sale in Victoria, BC Under $500,000
1481 Bay St
Victoria
V8R 2A6
$600,000
Residential
beds: 2
baths: 1.0
973 sq. ft.
built: 1958
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1045130
- Bedrooms:
- 2
- Bathrooms:
- 1
- Year Built:
- 1958
- Photos (18)
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Tucked into the heart of Jubilee/Fernwood, this upper 2 bed unit in a 4-plex lives like a single level home, not a condo. Hardwood floors & coved ceilings run through a bright, spacious living room, while the kitchen offers a pantry & sunny eating nook for slow mornings. The primary bedroom includes 2 closets, the 2nd bedroom is equally generous & the bath's soaker tub is made for unwinding after a long day. In-unit laundry, a back door straight to your own parking stall & south facing shared yard w/ grapevines, peach & plum trees to harvest each summer. The roof was replaced in 2019 & this is a family-oriented, pet-friendly building w/ genuine neighbourhood charm. Bring your big dogs! At $362 a month, strata fees include designated parking stall, 2 guest stalls, common storage & garden space, easy care living without giving up any outdoor charm. The location can't be beat, minutes to Camosun, UVic & Royal Jubilee Hospital. More than a unit, this is a home ready for its next family.
- Property Type:
- Residential
- Type:
- Condo Apartment
- Year built:
- 1958 (Age: 68)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 973 sq. ft.
- Listing General Location:
- Vi Fernwood, Victoria
- Bedrooms:
- 2
- Bathrooms:
- 1.0 (Full:-/Half:-)
- Lot Size:
- 6,000 sq. ft.
- Kitchens:
- 1
- Taxes:
- Signup
- Construction:
- Frame Wood, Stucco
- New Construction:
- No
- Basement:
- None
- Foundation:
- Concrete Perimeter
- Roof:
- Asphalt Shingle
- Levels:
- 1
- Number of Storeys:
- 2
- Number of Buildings:
- 1
- Ceiling Heights:
- Signup
- Total Building Area:
- 973 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:
- 1
- # 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:
- 973 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Living Room
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer To Lot
- Cooling:
- None
- Heating:
- Electric
- Fireplace:
- Yes
- Pending Date:
- Signup
- Dryer, F/S/W/D, Refrigerator, Washer
- Eating Area, Storage
- Low Maintenance Yard
- Private Drive/Road
- Separate Storage
- Main Level
- 0
- Verify with Bylaws
- Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK, Number Limit
- Verify with Bylaws
- Yes
- Verify with Bylaws
- Yes
- Verify with Bylaws
- Unrestricted
- Verify with Bylaws
- 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
- Association Fee Includes:
- Water
- Association Fee Year:
- 20226
- Jurisdiction name:
- City of Victoria
- 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:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Resale
- Exposure / Faces:
- North
- Layout:
- Other
- Lot Site Features:
- Square Lot
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Additional Parking, Guest, On Street, Other
- Total Parking Spaces:
- 1
- LCP Parking Spaces:
- 1
- Lot Parking Spaces:
- 0
- Total Units:
- Signup
- Date Listed:
- Aug 11, 2026
- Original Price:
- 600000.0
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Listed by The Agency
Data was last updated August 14, 2026 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 32
- Avg list price:
- $982,499
- Min list price:
- $349,000
- Max list price:
- $2,599,999
- Avg days on market:
- 58
- Min days on market:
- 3
- Max days on market:
- 261
- Avg price per sq.ft.:
- $538.58
These statistics are generated based on the current listing's property type
and located in
Vi Fernwood. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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- 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.