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Houses for Sale in Victoria, BC Under $500,000
SL10 Read Island
Read Island
V0P 1W0
$599,900
Residential
beds: 3
baths: 2.0
2,400 sq. ft.
built: 2013
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 996778
- Bedrooms:
- 3
- Bathrooms:
- 2
- Year Built:
- 2013
- Photos (77)
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Read Island custom built home on 3.7 acre off-grid, highbank oceanfront property overlooking King Island Bay! This 2,400 sq ft 2 level home features a low maintenance design with metal roof & siding & aluminum deck. The lower floor of the home offers a covered deck/entry, canning kitchen with oven & prep sink, spacious family room with woodstove, 1 bedroom with 3pc ensuite & large pantry. On the upper floor you’ll find the inviting open floor plan living room/dining room/kitchen with vaulted ceilings, woodstove & sliding door to the upper floor deck overlooking the ocean. There are 2 more bedrooms & a 3pc bathroom also on this level. The sale includes most furnishings & off-grid equipment to run the power to the property. The 3.7 acre property boasts panoramic views across Hoskyn Channel, an established fenced garden with hot house & greenhouse, and is mostly in a natural state with a nice mix of mature trees. Come enjoy peaceful off-grid island living!
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 2013 (Age: 13)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 2,400 sq. ft.
- Listing General Location:
- Isl Read Island, Islands
- Bedrooms:
- 3
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 3.7 acre(s)
- Kitchens:
- 2
- Taxes:
- Signup
- Construction:
- Frame Wood, Insulation All, Metal Siding, Wood
- New Construction:
- No
- Basement:
- None
- Foundation:
- Pillar/Post/Pier
- Roof:
- Metal
- Levels:
- 0
- Number of Storeys:
- 0
- Number of Buildings:
- 0
- Other Structures:
- Greenhouse, Storage Shed, Workshop
- Ceiling Heights:
- Signup
- Floor finish:
- Other
- Total Building Area:
- 2,975 sq. ft.
- Total Unfinished Area:
- 575 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 3
- # Main Level Bedrooms:
- 2
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 1
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 1
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 1
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 1,200 sq. ft.
- Living Area Main Floor:
- 1,200 sq. ft.
- Living Area Other Floor:
- 575 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 3
- Fireplace Details:
- Wood Burning Stove
- Laundry Features:
- In House
- Water supply:
- Cooperative, Well: Shallow, Other
- Sewer:
- Septic System
- Cooling:
- None
- Heating:
- Wood
- Fireplace:
- Yes
- Pending Date:
- Signup
- Dryer, Oven/Range Gas, Refrigerator, Washer
- Vaulted Ceiling(s)
- Vinyl Frames
- Balcony/Deck, Fencing: Partial, Garden
- Other
- Ocean
- Ocean Front
- located via a 10 min private boat ride from Heriot Bay, on West Side of Read Island overlooking King Island Bay.
- Other
- Ground Level
- 0
- N/A
- Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
- N/A
- Yes
- N/A
- No
- N/A
- Some Rentals
- possible ban on d
- 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, See Remarks
- Association Fee Year:
- 2025
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 1
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 1
- Number of 4 piece Ensuites:
- 0
- Other Equipment:
- Propane Tank
- Occupancy:
- Owner
- Property Condition:
- Resale
- Utilities:
- See Remarks
- Exposure / Faces:
- West
- Layout:
- Ground Level Entry With Main Up
- Lot Site Features:
- Acreage, Dock/Moorage, Hillside, Park Setting, Private, Quiet Area, Recreation Nearby, Rural Setting, Southern Exposure, In Wooded Area
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Open
- Total Parking Spaces:
- 4
- Road Frontage Type:
- Marine
- Common Parking Spaces:
- 0
- LCP Parking Spaces:
- 0
- Lot Parking Spaces:
- 0
- Total Units:
- Signup
- Date Listed:
- Apr 28, 2025
- Original Price:
- 850000.0
-
Read Island custom built home on 3.7 acre off-grid, highbank oceanfront property overlooking King Island Bay! -
inviting open floor plan on upper flor, great ocean views from the living room
-
strata shared wharf, recently extended
-
beautiful fenced established gardens next to home
-
level parking area next to home, steps up to covered main entry
-
covered main entry
-
inside main entry
-
canning kitchen on lower floor - stainless prep sink & propane range/electric oven
-
canning kitchen - shelving provides plenty of storage
-
canning kitchen
-
lower floor family room - woodstove on tile hearth, door to left leads to work shop, door to right leads to large storage room
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family room on lower floor
-
family room on lower floor, barn door leads to laundry room
-
lower floor bedroom
-
lower floor bedroom
-
lower floor bedroom
-
3pc ensuite, lower floor
-
family room on lower floor, stairs to upper main level
-
living room on upper floor
-
living room on upper floor
-
great views from the living room, woodstove with tile hearth
-
living room looking toward dining room and kitchen
-
living room, dining room, kitchen on upper main floor
-
dining room looking toward living room on upper main floor
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dining room and living room on upper main floor
-
dining room looking toward kitchen, sliding door leads to front deck
-
deck off the dining room
-
deck off the dining room
-
deck off the dining room
-
deck off the dining room
-
great ocean views from the deck
-
dining room looking toward kitchen
-
kitchen on upper main floor
-
kitchen
-
kitchen
-
kitchen on upper main level
-
kitchen
-
kitchen
-
beautiful ocean views from the kitchen
-
kitchen looking toward the dining room & living room
-
pantry next to the kitchen
-
second bedroom, on upper main level
-
second bedroom on upper main level
-
3pc bathroom on upper main level
-
3pc bathroom on upper main level
-
third bedroom, the primary bedroom, on upper main level
-
primary bedroom on upper main level
-
primary bedroom on upper main level
-
floor plans - both levels of home
-
large wood storage next to home
-
back of home, covered deck, doors to left lead to workshop
-
back and north side of home
-
Photo 53 of 77
-
view of upper fenced garden and greenhouse
-
view of north side of home and gardens
-
view of gardens in the spring time
-
entry to fenced garden
-
Photo 58 of 77
-
the fenced gardens have raised beds, hoop house, greenhouse & a variety of established plants & fruit trees
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gardens
-
gardens
-
gardens
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strata wharf
-
strata wharf
-
pier decking was recently replaced
-
Photo 66 of 77
-
strata pier/wharf, storage shed
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strata pier/wharf
-
strata shared wharf, recently extended
-
aerial view of property
-
aerial view of front of home & gardens
-
aerial view facing north up Hoskyn Channel
-
aerial view facing north west
-
aerial view facing north west
-
aerial view facing west, this property is situated overlooking King Islands Bay on the West side of Read Island, Quadra Island in the distance
-
aerial view facing east
-
Come enjoy peaceful off-grid island living!
Virtual Tour
Listed by Royal LePage Advance Realty
Data was last updated April 20, 2026 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 243
- Avg list price:
- $739,000
- Min list price:
- $99,000
- Max list price:
- $15,488,000
- Avg days on market:
- 76
- Min days on market:
- 3
- Max days on market:
- 756
- Avg price per sq.ft.:
- $549.29
These statistics are generated based on the current listing's property type
and located in
Islands. 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.