Victoria Homes under $400,000

Welcome to Victoria, British Columbia, a vibrant city that beautifully marries natural beauty with urban sophistication. Nestled on the southern tip of Vancouver Island, Victoria is renowned for its stunning waterfront, historic architecture, and a mild climate that attracts residents year-round. With a rich cultural scene, including art galleries, museums, and an array of outdoor activities, Victoria is a haven for those who appreciate both city life and the great outdoors.

For prospective homeowners, Victoria offers an enticing opportunity to enter the real estate market with homes priced under $400,000. While it’s no secret that Victoria is one of the more expensive cities in Canada, there are still hidden gems waiting to be discovered. From charming condos in the heart of downtown to cozy bungalows in family-friendly neighborhoods, these affordable options provide a perfect starting point for first-time buyers or those looking to downsize without sacrificing quality of life.

Living in Victoria means having access to beautiful parks, scenic waterfronts, and a plethora of dining and shopping options, all within a short distance from your doorstep. The city's strong sense of community and commitment to sustainability make it an ideal place to call home. Whether you’re drawn to the allure of the Inner Harbour or the peacefulness of the surrounding nature, Victoria’s diverse neighborhoods cater to every lifestyle.

Explore the possibilities of homeownership in this enchanting city, where affordability meets charm, and discover your perfect sanctuary in Victoria!

Newest Victoria Homes under $400,000

$399,000

1 Beds ⋅ 1 Baths ⋅ 1051182 MLS ⋅ The Palladian BLDG.

Welcome to The Palladian, an award-winning heritage conversion in the heart of downtown Victoria. This bright, south-facing, top-floor 1 bedroom, 1 bathroom home blends historic character with modern comfort, featuring soaring 12-foot ceilings, hardwood floors, beautiful original woodwork, and an electric fireplace. The kitchen offers a full stainless steel appliance package, stone countertops and backsplash, while the generous floor plan and south-facing windows provide plenty of natural light. Located on the quieter side of the building, the suite also enjoys added privacy on the top floor. Residents have access to a large shared rooftop patio with BBQ area and views over the downtown skyline. With shops, restaurants, cafés, transit, and everyday amenities just steps away, plus an impressive 99 Walk Score, this is downtown living with almost everything you need within an easy walk.

1602 Quadra St Unit ##407, Victoria

Courtesy of Sotheby's International Realty Canada

$229,000

1 Beds ⋅ 1 Baths ⋅ 1051157 MLS ⋅ Orchard House BLDG.

Situated on the 20th floor of Orchard House in the heart of James Bay, this well-kept 1 bedroom, 1 bathroom home is bright, inviting and move-in ready, with unobstructed views of the Inner Harbour, Parliament Buildings and downtown Victoria. Enjoy the comfort and quiet of this steel and concrete building, located just a short walk from downtown, Beacon Hill Park, James Bay Square and Dallas Rd. Building amenities include a seasonal outdoor heated swimming pool, sauna, indoor whirlpool, workshop, upgraded laundry facilities and secure bike storage, plus a storage locker. Monthly fees include property taxes, heat, hot water and management. Secure underground parking and an on-site residential manager add further convenience. Rentals are permitted. Find security in home ownership with this affordable option! + APPROX. $37,500 IN ASSESSMENTS PAID BY THE SELLER

647 Michigan St Unit ##2004, Victoria

Courtesy of Engel & Volkers Vancouver Island

$215,000

1 Beds ⋅ 1 Baths ⋅ 1051126 MLS ⋅ Orchard House BLDG.

Situated on the 18th floor of Orchard House in the heart of James Bay, this well-kept 1 bedroom, 1 bathroom home is bright, inviting and move-in ready, with unobstructed views of the Inner Harbour, Parliament Buildings and downtown Victoria. Enjoy the comfort and quiet of this steel and concrete building, located just a short walk from downtown, Beacon Hill Park, James Bay Square and Dallas Rd. Building amenities include a seasonal outdoor heated swimming pool, sauna, indoor whirlpool, workshop, upgraded laundry facilities and secure bike storage, plus a storage locker. Monthly fees include property taxes, heat, hot water and management. Secure underground parking and an on-site residential manager add further convenience. Rentals are permitted. Find security in home ownership with this affordable option! + APPROX. $37,500 IN ASSESSMENTS PAID BY THE SELLER

647 Michigan St Unit ##1803, Victoria

Courtesy of Engel & Volkers Vancouver Island

$399,500

1 Beds ⋅ 1 Baths ⋅ 1051111 MLS ⋅ Stadacona Centre BLDG.

Looking for a home for your university student? Bright, spacious, and centrally located on the Oak Bay Junction in Fernwood, welcome to this TOP FLOOR 1 bedroom, 1 bathroom home. With over 856 finished square feet and a large balcony, this thoughtfully designed home offers an open-concept layout with large windows that fill the space with natural light. The living area allows you to host friends and family in the dining room and versatile living room. Ample amenities include a recreational facility complete with pool, hot tub, sauna, gym, landscaped courtyard, library and workshop. Tennis courts across the way. You are just steps to cafés, restaurants, parks, groceries, and all downtown amenities while still enjoying a quiet residential feel. This professionally managed building offers secure entry, parking, and the convenience of urban living, making it an excellent opportunity for first-time buyers, investors, or those seeking a low-maintenance lifestyle in the heart of Victoria.

1545 Pandora Ave Unit ##306, Victoria

Courtesy of Oakwyn Realty Ltd.

$349,000

1 Beds ⋅ 1 Baths ⋅ 1050759 MLS ⋅ Westhampton Green BLDG.

Bright and spotless ground-level one-bedroom home with European-inspired style and a private patio. An excellent opportunity for a first-time buyer, student, professional or those seeking a comfortable and practical home in a convenient location. Spacious living room and primary bedroom, plus a modern kitchen with stainless steel appliances and under-cabinet lighting. Recessed lighting throughout and 8' ceilings create a bright, contemporary feel. Modern bathroom and large additional bedroom wardrobe provide added functionality and storage. Enjoy a private patio with a handy storage room just off the patio. Built-in dining counter/desk included. Laundry on every floor, secured underground parking and bike storage. Conveniently located near Fairway Market, public transit and bus routes to UVic and Camosun College, with easy access to shopping and everyday amenities.

2757 Quadra St Unit ##105, Victoria

Courtesy of eXp Realty

$374,900

2 Beds ⋅ 1 Baths ⋅ 1051032 MLS ⋅ Central Park Condominiums BLDG.

Proud to present this TOP FLOOR 2 bedroom, 1 bath condo in the vibrant North Park neighbourhood! This move-in ready SOUTH FACING home offers an excellent floor plan with an unbeatable location. Spacious living & dining areas, large bedrooms plus an updated bright kitchen with skylight, flooding the space with natural light. Enjoy entertaining on the large balcony, w/ views towards downtown & the Olympic mountains. Lots of closet storage throughout, one parking stall & separate storage locker. The building is pet, rental, & family-friendly & is also is eco-conscious, featuring rooftop solar panels designed to help keep strata fees affordable. The strata also includes hot water in the fees, adding to the value. Other common features include bike storage, car washing area & updated laundry room. Ideally located directly across from Crystal Pool & Central Park and just steps to Royal Athletic Park, Save-On-Foods Arena, shopping, & all that downtown Victoria has to offer.

909 Pembroke St Unit ##417, Victoria

Courtesy of RE/MAX Camosun

$379,900

1 Beds ⋅ 1 Baths ⋅ 1051025 MLS ⋅ Westhampton Green BLDG.

Welcome to Westhampton Green! Bright, affordable and ideally located, this 1-bedroom, 1-bathroom condo is a smart entry point for first-time buyers, downsizers and investors alike. Set on the quiet side of the building, the home opens onto a generous private patio overlooking the landscaped common green, with direct access to a large secure storage room, ideal for bikes, seasonal gear and everything in between. The practical layout makes everyday living easy, and shared laundry is located on every floor. The building is professionally managed and well cared for, and the strata has recently completed a new roof, offering added peace of mind. You're just a short stroll from the cafés, bakeries and local shops of Quadra Village, and minutes from Downtown Victoria, Uptown Shopping Centre, parks and transit. Add your personal touch and start building equity in a sought-after central location.

2757 Quadra St Unit ##104, Victoria

Courtesy of Royal LePage Coast Capital - Oak Bay

$299,000

1 Baths ⋅ 1050703 MLS ⋅ Mosaic BLDG.

Own a home that's as unique as the city itself. Welcome to The Mosaic! This bright west facing suite features soaring 10' ceilings, floor-to-ceiling windows, engineered oak flooring, a gas fireplace, in-suite laundry, and a private balcony. The Murphy bed keeps the space open and functional, while separate storage and secure bike parking provide added convenience. Pets and rentals permitted plus low strata fees which include gas and hot water! This is a rare chance to own a distinctive home full of character in a truly iconic Victoria landmark. Situated in one of the cities most walkable neighbourhoods, you're just steps from Cook Street Village, Beacon Hill Park, Dallas Road, cafés, restaurants, shopping, transit, and all the amenities of downtown. Enjoy the convenience of living in a well-maintained steel-and-concrete building, making this an exceptional opportunity for first time buyers, investors, professionals or students seeking a vibrant, walkable lifestyle.

1061 Fort St Unit ##213, Victoria

Courtesy of RE/MAX Camosun

$145,000

1 Baths ⋅ 1050803 MLS ⋅ Orchard House BLDG.

A bright fourth-floor, south-facing home at Orchard House, offering a quiet outlook over the pool, parking and surrounding grounds. This well-located leasehold property is just steps from the Parliament Buildings, Inner Harbour, downtown Victoria and the amenities of James Bay. An excellent fit for a government or parliamentary worker, first-time buyer, downsizer or investor. Orchard House offers secure underground parking, storage, seasonal outdoor pool, sauna, hot tub, workshop and bike storage, with fees covering heat and hot water and property tax. The leasehold title extends to 2073, providing decades of secure tenure at a substantially lower entry point than freehold ownership. A rare combination of location, amenities and value in the heart of Victoria.

647 Michigan St Unit ##408, Victoria

Courtesy of Newport Realty Ltd.

$325,000

1 Baths ⋅ 1050720 MLS ⋅ The Boardwalk BLDG.

You don't want to miss viewing this North Park Gem at an unbeatable price! This main level studio has everything you need in one of Victoria's most walkable neighbourhoods with a 99% walk score. As you enter, the kitchen features granite countertops, wooden cabinets, new tile flooring and updated appliances. Enjoy a full size dishwasher and in-suite laundry to save time while you relax in the spacious living room with updated laminate floors or outside on your large and private patio. The 4-piece bathroom has been freshly painted & refreshed. Bring your furry friends as the strata allows for 2 cats or 1 dog (any size). Additionally, the strata is rental-friendly, offering flexibility whether you’re living or investing. Steps from Wairua Cafe, North Perk Cafe, a 5 minute stroll to downtown Victoria and easy bus access to UVic/Camosun, this condo meets urban convenience in one of Victoria’s trendiest spots.

827 North Park St Unit ##101, Victoria

Courtesy of Royal LePage Coast Capital - Oak Bay

$359,900

1 Beds ⋅ 1 Baths ⋅ 1050628 MLS ⋅ Juliet BLDG.

Your key to downtown at The Juliet's most accessible price point. This bright 5th-floor one-bedroom is well maintained, move-in ready and has a thoughtfully optimized floorplan. European-inspired cabinetry, soft-close cabinetry, quartz countertops and stainless steel appliances add style, while French doors open to a Juliet balcony with city views. In-suite laundry and a 4-piece bath round it out. At Johnson and Blanshard, you're steps from restaurants, cafés, shops, theatres and the Inner Harbour. Getting around is easy: Douglas Street transit is a short walk away, the Pandora protected bike lane is a block over, and the Galloping Goose is close by. It's a lifestyle that makes a car optional, and if you do drive, rental parking is available nearby. Controlled-entry access and secure bike storage add peace of mind, and the rooftop garden BBQ has 360-degree views of the city, ocean and mountains. A smart buy for first-time buyers, investors or anyone who loves city living.

760 Johnson St Unit ##505, Victoria

Courtesy of Royal LePage Coast Capital - Chatterton

$349,900

1 Baths ⋅ 1050561 MLS ⋅ The Urban BLDG.

Experience elevated Downtown living at The Urban on Johnson. Perfect for students, first-time buyers, investors, or as a low-maintenance city retreat. This bright, optionally furnished condo features a southwest-facing balcony with sunset and city views, floor-to-ceiling windows, and a smart, open-concept layout. Interior highlights include vinyl plank flooring, quartz kitchen countertops, matte black undermount sink, and in-suite laundry. A pet-friendly building with rare large dog approval in a well-managed strata. SECURE UNDERGROUND PARKING AND STORAGE LOCKER INCLUDED, bike storage also available. Enjoy the best of Victoria just steps from your door—Loft & Ladder Café, Ritual Nordic Spa, Forge Gym, Save-On-Foods, Market on Yates, and Boomtown Beer Garden. A move-in ready condo in Victoria’s vibrant downtown core—ideal for walkable city living.

932 Johnson St Unit ##303, Victoria

Courtesy of Royal LePage Coast Capital - Chatterton

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