The average price of residential properties in the Victoria real estate market has increased by nearly $50K in the past two months, reaching $675,000, according to the Canadian Real Estate Association. As the province’s capital, The Garden City represents an important part of the British Columbia real estate market, and it houses a myriad of high-end homes and apartments with over-the-top features, which are unfortunately out of reach for most. That’s why we decided to look on the budget side of the market and see what the city can offer for less than half the average price.
Here’s what you can get for less than $250K in Victoria:
#1 702-500 Oswego Street, 1 bedroom, 1 bathroom, $229,000
This charming studio apartment can be found in one of the most popular buildings of Victoria, the Oswago Hotel, which is a well-known piece of James Bay real estate. The affordable unit comes completely furnished and boasts a fully-equipped gourmet kitchen with top-of-the-line stainless steel appliances and wooden cabinets. The elegant bathroom features a comfortable soaker tub and a separate shower. The unit also has a private balcony with a pristine view over the city skyline. Building amenities include a conference room, a fitness centre, laundry services and a 24-hour concierge service.
#2 406-1012 Pakington Street, 1 bedroom, 1 bathroom, $249,900
Located in one of the most desirable parts of the city, this 1-bedroom, 1-bath apartment is in excellent condition and is a fine example of Fairfield West real estate. The 749-square-foot unit is just a short walk away from downtown and all its amenities, including shops, parks, restaurants, cafes and bars. It’s also in the proximity of the inner harbour areas, Cook Street Village and Beacon Hill Park. The condo unit itself comes with a good-sized living area and a private balcony with big windows, letting in plenty of sunlight. It also features a fully-equipped kitchen, a dining nook and a good-sized bedroom. The listing is ideal for those looking to downsize or who are searching for a great investment opportunity.
#3 202 – 1351 Esquimalt Road, 2 bedrooms, 1 bathroom, $249,900
This 796-square-foot, south-facing corner unit is part of the Colonial House development complex, situated in the Victoria West real estate market. The listing is merely a short stroll from cafes, recreation and shopping, along with public transport which can get you to the downtown core in a matter of minutes. The meticulously-kept condo is spacious and bright, boasting 2 generous-sized bedrooms, a lively living area, a beautiful kitchen with all the necessary appliances and a separate living area. It also comes with a designated parking spot right in front of the building. The listing is not only child- and pet-friendly, it’s also in impeccable condition, so all you need to do is just bring your stuff and move right in.
Why not keep your options open and browse further through our directories of condos for sale in Victoria and single family homes for sale in Victoria. You can also take a look at the available real estate listings in Saanich and the new listings in Oak Bay for additional choices near the periphery of the city.