Vancouver Island Real Estate Board Homes under $1.5 million

Welcome to the Vancouver Island Real Estate Board (VIREB), your premier resource for navigating the vibrant real estate landscape of beautiful Vancouver Island, British Columbia. Known for its stunning natural beauty, rich cultural heritage, and welcoming communities, Vancouver Island offers a unique blend of urban amenities and outdoor adventures that make it an ideal place to call home.

For those seeking affordable housing options, VIREB proudly showcases a diverse selection of homes under $1.5 million. This price range opens the door to a variety of properties, from charming single-family homes nestled in picturesque neighborhoods to modern condos with breathtaking ocean views. Whether you’re a first-time homebuyer, a growing family, or looking for a vacation retreat, there’s something for everyone on this stunning island.

The real estate market on Vancouver Island has proven to be both dynamic and resilient, with a wealth of opportunities for buyers and investors alike. With its mild climate, breathtaking landscapes, and vibrant local culture, the island attracts individuals from all walks of life. The VIREB is dedicated to providing comprehensive listings and expert guidance to help you find your dream home in this enchanting region.

Explore the possibilities that await you on Vancouver Island, where coastal living meets affordability. Let the Vancouver Island Real Estate Board be your trusted partner in discovering the perfect property that suits your lifestyle and budget. Embrace the island life today!

Newest Vancouver Island Real Estate Board Homes under $1.5 million

$185,000

1 Beds ⋅ 1 Baths ⋅ 1051475 MLS

Completely renovated 1-bedroom mobile home on a private end lot in quiet, central Roger Creek Mobile Home Park. Rebuilt from the frame up with wood framing, insulation, and drywall - no trace of typical mobile home finishes. All new electrical (with silver label), plumbing, and electrical in-floor fan heat. Exterior upgrades include a newer metal roof, gutters, cedar shingle siding, and new privacy fence. Inside features a custom solid wood kitchen with soft-close cabinets, marble walk-in shower, updated bath, new flooring, paint, lighting and more. Newer 2023 appliances including a washer, dryer, dishwasher, fridge and stove. This is an all ages park with low pad rental only $310. This lovely home is ready for you with modern style and lasting quality. All measurements are approximate and must be verified if important.

4837 Roger St Unit ##14, Port Alberni

Courtesy of REMAX Professionals - Dave Koszegi Group

$1,498,000

3 Beds ⋅ 2 Baths ⋅ 1051516 MLS

Set on 0.91 acres of high-bank waterfront in Parksville, this is a front-row seat to nature’s most breathtaking moments. Approx. 95 ft of ocean frontage and beach access from stairs on the property. Take in sweeping views of Lasqueti Island & distant mainland mountains. From your property experience an ever-changing coastal scene with eagles swooping overhead, cruise ships passing in the distance, and you may see whales, seals, & herons moving along the shoreline. A true gardener’s retreat with a fully fenced orchard-enjoy apples, pears, grapes, kiwi, bay leaf & fig trees. The home has 3 bedrooms+ den, 2 bathrooms, beautiful wood beams in the living room and kitchen with a wall of windows along the east side of the house showcasing the amazing ocean view. *Newer Heat pump few years old. *Attached garage, wired workshop (220 amp), 2 storage sheds. The generous lot size offers excellent long-term investment potential in one of Vancouver Island’s most sought-after waterfront locations.

590 Willow St, Parksville

Courtesy of Royal LePage Island Living (PK)

2740 Island S Hwy Unit ##108, Campbell River

$329,000

2 Beds ⋅ 1 Baths ⋅ 1051424 MLS

SEASIDE LIVING IN WILLOW POINT! This bright 923 sqft, 2-bedroom, 1-bath end-unit condo at Tyee Gardens offers ocean views and an easy-care lifestyle just steps from the beach. Ideally located next to Ken Forde Park & the Seawalk, its a great spot for beach access, exercise, dog walks. Large windows fill the home with natural light and ocean views. Features include a galley kitchen with sit-up bar, included appliances. Upgraded flooring mixed with original hardwood, crown mouldings, in-suite laundry & a large storage room. New hot water tank & convenient parking right outside the unit. The end-unit location provides added privacy & quiet. The private second-floor deck is accessible from both the living room and primary bedroom. Pets and some rentals permitted. This home has been professionally cleaned, vacant and move-in ready. Furnishings may also be available. A great opportunity for first-time buyers, active retirees or anyone looking to enjoy the Willow Point seaside lifestyle!

2740 Island S Hwy Unit ##108, Campbell River

Courtesy of REMAX Ocean Pacific (Crtny)

$1,338,900

3 Beds ⋅ 3 Baths ⋅ 1051415 MLS

Incredible value being offered on this wonderful east-facing walk-on waterfront. Set on a gently sloping 0.34-acre lot, this property enjoys stunning views of Baynes Sound looking out to Sandy Island and the Coastal Mountains. With direct beach access, and a beach front deck to take in the most amazing sunrises, you can launch your kayak, swim, or explore the shoreline and take full advantage of the waterfront lifestyle. Well cared for by the same owner for 35+ years, this two-level walkout home offers 2700 sqft with a functional layout featuring three bedrooms and three bathrooms. The main level includes hardwood floors, a large partially covered deck, and plenty of windows to take in the ocean views. Much of the home retains its original character and components, presenting a terrific opportunity for someone to update and make it their own. Complete with a double garage, this is a special waterfront property offering exceptional potential.

5018 Spence Rd, Courtenay

Courtesy of REMAX Ocean Pacific (CX)

$1,500,000

7 Beds ⋅ 8 Baths ⋅ 1051368 MLS

Wake up to oceanfront views over the Holland Creek estuary, with a natural trail and public beach access steps from your door. This Ladysmith oceanfront home is built for connection and privacy, with room for generations to live together while keeping their own space. The main floor primary suite offers true single-level living, with a walk-in closet, jetted soaker tub and separate shower. Upstairs, four more bedrooms enjoy ocean views, several with ensuites. An oversized, unauthorized lower-level suite and an unauthorized suite above the garage each have private entrances, ideal for extended family or guests. The ocean-view kitchen features granite counters, solid wood cabinetry and a large island, while the dining room window bench frames the tide. Enjoy the water from the living room, primary suite and the signature north-facing deck. Heat pump, two-year-old roof, municipal services. Walk to shops, with easy access to airport and ferries. Measurement is approximate.

302 Roland Rd, Ladysmith

Courtesy of eXp Realty (NA)

523 Island Hwy Unit ##13, Campbell River

$729,900

3 Beds ⋅ 2 Baths ⋅ 1051287 MLS

Rare walk-on waterfront living at it's finest! This exceptional 1,688 sq ft 3-bed, 2-bath residence offers space, comfort and breathtaking 180. degrees views. Wake to spectacular scenery from the spacious primary suite, featuring a beautifully remodelled ensuite and sliders to the heated, enclosed sunroom - your year round front row seat to passing boats, soaring eagles, and incredible marine life. Expansive windows fill the bright, spacious living/dining area with natural light and captivating views, while the fireplace adds warmth & ambiance. Three true bedrooms offer flexibility for family, guests or an office. Newer flooring, paint and updated fixtures create a stylish, move-in-ready home. Enjoy in-suite laundry with storage, covered parking, elevator & secure entry. Close to amenities yet immersed in waterfront serenity this is more than a home, it's an extraordinary coastal lifestyle.

523 Island Hwy Unit ##13, Campbell River

Courtesy of REMAX Ocean Pacific (CR)

$55,000

3 Beds ⋅ 3 Baths ⋅ 1051282 MLS

Welcome to this exceptional second-floor suite at Sunrise Ridge Waterfront Resort! This 1/8 ownership, D2 rotation offers approximately 6–7 weeks of use annually (April–December), perfect for personal vacations or rental income. Fully furnished, this 3-bedroom / 3-bathroom suite features a versatile lock-off design with a 2-bedroom / 2-bath suite (224A) and a 1-bedroom /1 bathroom suite with kitchenette (224B), each with its own A/C. Enjoy granite countertops, in-floor radiant heat, an electric fireplace, hide-a-bed, in-suite laundry and a private corner balcony with BBQ. Resort amenities include an outdoor pool, hot tub, fitness center, business center, covered courtyard with fireplace, walking trails, and direct beach access. Monthly ownership fee of $366.40 includes strata, utilities, insurance, maintenance, and property taxes for worry-free ownership.

1175 Resort Dr Unit ##224, Parksville

Courtesy of eXp Realty (NA)

$824,900

2 Beds ⋅ 3 Baths ⋅ 1051214 MLS

Luxury, Location, and Value - Freshly painted, vacant, and ready for its next chapter, this sophisticated residence at The Westerly in Nanoose Bay’s coveted Fairwinds community captures tranquil ocean and marina views overlooking Schooner Cove. Offering approx. 1,343 sq ft, this beautifully designed 2-bed + den, 3-bath home pairs refined coastal style with effortless living. Soaring 9-ft ceilings, floor-to-ceiling windows, and an airy open-concept layout fill the home with natural light. The elegant kitchen features quartz countertops, premium Bosch appliances, and custom cabinetry, while the impressive 344 sq ft covered deck creates a private extension of the living space for morning coffee, sunset dining, and year-round entertaining. Enjoy underground parking plus bike and kayak storage, all just steps from the ocean, waterfront dining, and recreation. This is an exceptional opportunity to embrace the sought-after Fairwinds lifestyle.

3529 Dolphin Dr Unit ##301, Nanoose Bay

Courtesy of eXp Realty (NA)

1600 Stroulger Rd Unit ##214, Nanoose Bay

$565,000

2 Beds ⋅ 2 Baths ⋅ 1051232 MLS

Tranquil Oceanfront Living at Pacific Shores. Welcome to a rare offering, where coastal living meets smart investment. This bright 2 bed, 2 bath condo spans 1,175 square feet & blends comfort w/ everyday functionality. Step right out your door from this bottom floor unit to an ocean front trail, no elevators or stairs required. An easy walk for morning coffee by the water or an evening stroll along the shoreline. Pacific shores is an oceanfront living community, with an estuary leading into Craig Bay, extraordinary ocean & mountain views & the most incredible sunsets you can imagine. Amenities include indoor & outdoor pools, hottub, playground, kayaks & pickleball courts. The unit comes furnished & includes a flexible lock off suite giving owners an option to create 2 income streams. Whether you're looking for a private getaway or a revenue producing vacation rental, this property has it. All measurements & data are approx & should be verified if important. Purchase price is plus GST.

1600 Stroulger Rd Unit ##214, Nanoose Bay

Courtesy of Stonehaus Realty Corp.

181 Beachside Dr Unit ##903/904A, Parksville

$234,000

1 Beds ⋅ 3 Baths ⋅ 1051038 MLS

Experience luxury resort living at The Beach Club in Parksville. Located at the top of the tower, this penthouse suite features a vaulted ceiling and spectacular ocean views. "The Beaches" floor plan comes fully furnished with a fully equipped kitchen, living room with gas fireplace, spacious primary bedroom with amazing views & spa-inspired ensuite, in-suite laundry, powder room, air conditioning, and a generous sized balcony overlooking the beach, boardwalk & mountains. The lock-off suite includes 2 queen beds, full bathroom, and its own ocean view balcony. Quarter share ownership provides 12 weeks of personal use annually, or place it in the professionally managed Bellstar Resorts rental pool. Enjoy Parksville's famous Sand Sculpting Competition, family friendly beach, outdoor theatre, shopping, dining, mini golf, and golf courses. Resort amenities: luxurious spa, pool, hot tub, fitness centre, and beachfront restaurant. Make The Beach Club your beachfront getaway for years to come.

181 Beachside Dr Unit ##903/904A, Parksville

Courtesy of Royal LePage Island Living (PK)

$549,000

2 Beds ⋅ 1 Baths ⋅ 1051119 MLS

Welcome to 304 Long Island Lane on DeCourcy Island, a rare waterfront, off-grid island retreat offering privacy, natural beauty, and true West Coast recreational living. Set on a 0.66-acre freehold lot with approximately 160 feet of low-bank waterfront facing northeast toward Gabriola, this charming bungalow cabin is ideal for those seeking a peaceful escape, family getaway, or self-sufficient island lifestyle. Built in 2010, the insulated 750 sq. ft. cabin features a practical one-storey layout plus a spacious loft, with walkways on three sides and two decks for enjoying the ocean air, views, and quiet surroundings. Inside, you’ll find a dining area, kitchen, two main-floor bedrooms, a 3-piece bathroom, and a loft/mezzanine that provides excellent additional sleeping or guest space. Vaulted ceilings, hardwood details, laminate and vinyl plank flooring, and a Pacific Energy wood stove create a warm, comfortable cabin atmosphere.

304 Long Island Lane, Decourcy Island

Courtesy of Easy List Realty

553 Island N Hwy Unit ##3, Campbell River

$649,900

2 Beds ⋅ 2 Baths ⋅ 1050913 MLS

Executive style oceanfront condo waiting for a new owner in this adult oriented building. With the "WOW" factor as soon as you step foot into the home and see that incredible unobstructed ocean view will have you mesmerized. Beautifully updated, new flooring, new paint, updated kitchen and bathrooms with granite countertops, heated floors, 2 good sized bedrooms, office space or tv room as used by current owners and a cozy sitting room off the living room with views from every window. This quaint building has only 6 units in the complex and the condo comes with 2 parking spots one covered and one open, walking distance to downtown Campbell River, views of the pier and Quadra Island, walk on waterfront, the wildlife spotting , the incredible cruise ship season adds the every changing views. Quick possession is possible. Schedule your personal showing today for one of Campbell River's best kept secrets.

553 Island N Hwy Unit ##3, Campbell River

Courtesy of Royal LePage Advance Realty

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