Cheap Houses for Sale on Vancouver Island, BC

You come to this page because you are looking for cheap houses for sale on Vancouver Island. Cheap houses don’t necessarily mean poor quality houses, so perhaps a better way to phrase it is affordable real estate on Vancouver Island. Either way you’ve come to the right place.

The Most Affordable Communities on Vancouver Island

Which Vancouver Island communities offer the most affordable real estate? Check out these statistics from the Vancouver Island Real Estate Board and Victoria Real Estate Board for 2020:

Community Average Sale Price
Port Alberni $419,984
Campbell River $537,678
Cowichan Valley $571,578
Nanaimo $616,588
Comox Valley $631,705
Parksville/Qualicum         $687,987
Victoria $1,016,855

As you can see they show that Port Alberni has by far the most affordable real estate on Vancouver Island, followed by Campbell River and then the Cowichan Valley.

Affordable Vancouver Island Real Estate Sorted by Type

On this page you will find three types of Vancouver Island MLS real estate listings: the most affordable houses for sale (defined at listing prices under $350,000); the most affordable townhouses and condos for sale (defined at listing prices under $300,000); and the most affordable manufactured homes for sale (defined at listing prices under $250,000).


Affordable Vancouver Island Houses for Sale February 3, 2023
14
Listed
86
Avg. DOM
$320.44
Avg. $ / Sq.Ft.
$299,000
Med. List Price
14 Properties
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Affordable Vancouver Island Condo and Townhouses for Sale February 3, 2023
69
Listed
70
Avg. DOM
$285.31
Avg. $ / Sq.Ft.
$249,500
Med. List Price
69 Properties
Page 1 of 6
Affordable Vancouver Island Manufactured Homes for Sale February 3, 2023
62
Listed
52
Avg. DOM
$192.79
Avg. $ / Sq.Ft.
$189,900
Med. List Price
62 Properties
Page 1 of 6