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

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101 & 102 E Island Hwy
PQ Parksville Parksville V9P 9B7

$599,950
Commercial Sale

Main Photo: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 1: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 2: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 3: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 4: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 5: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 6: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 7: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 8: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 9: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 10: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 11: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 12: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
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Photo 15: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 16: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 17: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 18: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 19: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 20: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 21: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 22: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 23: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 24: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 25: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Photo 26: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
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Photo 28: 101 & 102 E Island Hwy in Parksville: PQ Parksville Retail for sale (Parksville/Qualicum)  : MLS®# 971307
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
971307
Introducing 101 and 102 - 198 Island Highway East in sunny Parksville right across the highway from Parksville Beach. We are offering 2 retail strata units plus all the business assets of the cafe in this well maintained commercial building. The two subject spaces total roughly 1120 square feet and are zoned C-3 - Downtown Parksville. The current set up offers 2 washrooms, a barista station, baking and food prep stations, a cooler display as well as much more equipment and storage space. The space previously was operating as a cafe with a business license for up to 50 customers. This is a high exposure corner location within the downtown core of Parksville. The current improvements and equipment are valued at over $150,000. Here is a great opportunity to take over an amazing opportunity and be up and running quickly. Book your showing today before this amazing opportunity is sold!
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
PQ Parksville, Parksville/Qualicum
Bathrooms:
- (Full:-/Half:-)
Taxes:
Building Features:
Elevator: Passenger, Fire Alarm, Fire Sprinklers, High Traffic Area, Indoor Parking, Leasehold Improvements, Parking, Security System, Shopping Centre, Shopping Nearby, Transit Nearby, Underground Garage, Visual Exposure, See Remarks
Construction:
Concrete
New Construction:
No
Foundation:
Concrete Perimeter
Electricity:
Yes
Number of Storeys:
3
Ceiling Heights:
Floor finish:
Concrete
Total Building Area:
1,120.5 sq. ft.
Commercial Area:
Cooling:
HVAC
Fireplace:
No
Pending Date:
Equip/Machinery, Fixtures, Leasehold Improvements
Balcony/Patio, Security System, Sign: Allowed, Sprinkler System, Storefront, Wheelchair Access
Main Level
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:
City of Parksville
Legal Description:
Zoning:
C-3
Units in Building:
Units in Community:
Other Equipment:
Security System
Occupancy:
Vacant
Property Condition:
Updated/Remodeled
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Recycling
Parking Features:
On Site
Road Frontage Type:
Highway, Lane
Road Surface Type:
Paved
Total Units:
Date Listed:
Jul 18, 2024
Original Price:
629500.0
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Listed by Pemberton Holmes Ltd. (Pkvl)
Data was last updated December 4, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$874,000
Min list price:
$55,000
Max list price:
$4,000,000
Avg days on market:
127
Min days on market:
6
Max days on market:
219
These statistics are generated based on the current listing's property type and located in PQ Parksville. Average values are derived using median calculations.

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.