Vancouver Island Homes For Sale Under $400k highlights affordable options for first time buyers, downsizers and investors. This page connects you to current listings within this price range so you can compare locations, property styles and value across Island communities. Use it to explore available homes and find the right fit for your budget and lifestyle.

Up to $400K
Beds
Baths
Price: Up to $400K

1,744 Properties Available

Victoria, BC
1/8
Active

$290,000

3,000 SqFt

Victoria, BC

Listing by Daniel Hsu Pemberton Holmes Ltd.

Vancouver Island Homes For Sale Under $400k FAQ

What can I buy under $400k on Vancouver Island?

Vancouver Island Homes For Sale Under $400k often include manufactured homes, compact cottages, older houses needing updates, and serviced lots in smaller communities.

How available are homes under $400k?

Vancouver Island Homes For Sale Under $400k appear intermittently, with more options outside major centres and fewer near Victoria and Nanaimo.

What condition should I expect at this price?

Vancouver Island Homes For Sale Under $400k may feature smaller footprints, basic finishes, or renovation needs, and many rely on septic, wells, or propane in rural areas.

What extra costs should I plan for?

Vancouver Island Homes For Sale Under $400k still involve closing costs like property transfer tax, legal fees, inspections, insurance, and due diligence on servicing.
Browse Homes for Sale on Vancouver Island

Four hundred thousand opens up condos and townhouses in the larger centres and older detached stock further north. It is the band where a real choice between attached and detached first appears.

Vancouver Island Real Estate Resources

On attached housing at this price the strata documents matter as much as the unit. Fee history, the depreciation report and what is coming up for replacement can move the real cost considerably.

Explore Vancouver Island Regions

The same four hundred thousand buys a condo in one region and a detached house with a yard in another. Which trade suits you depends on what you need within a short drive of the front door.