Vancouver Island Real Estate Board Homes under $400,000

Vancouver Island Real Estate Board Homes under $400,000

Welcome to the Vancouver Island Real Estate Board (VIREB), your trusted source for real estate information and services on the stunning Vancouver Island in British Columbia, Canada. VIREB is dedicated to providing comprehensive resources for buyers, sellers, and real estate professionals, ensuring a seamless experience in navigating the vibrant property market of this beautiful region.

Vancouver Island, renowned for its breathtaking landscapes, charming communities, and mild climate, offers an array of housing options to suit diverse lifestyles and budgets. One of the most appealing aspects of this market is the availability of homes under $400,000. Whether you are a first-time homebuyer, looking to downsize, or seeking a vacation property, you’ll find a variety of choices that cater to your needs without breaking the bank.

From cozy bungalows nestled in quaint neighborhoods to modern condos with stunning ocean views, the offerings under this price point are both diverse and enticing. The affordability of these homes makes it possible for many to experience the island's unique lifestyle, with access to pristine beaches, lush forests, and vibrant local culture.

As you explore the listings, you’ll discover that owning a piece of Vancouver Island paradise is more attainable than ever. With the support of VIREB’s dedicated professionals, you can navigate the market with confidence, ensuring that your dream home becomes a reality. Embrace the charm of Vancouver Island and find your perfect home today!

Newest Vancouver Island Real Estate Board Homes under $400,000

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)

1175 Resort Dr Unit ##224, Parksville
$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)

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)

1 Alder Bay Rd Unit ##13, Port Mcneill
$230,000
2 Beds ⋅ 1 Baths ⋅ 1050019 MLS
Welcome to unit 13 at Alder Bay Resort! This 2-bedroom, 1-bathroom 2022 Pacific Park Model home offers an affordable opportunity to own your own little slice of coastal paradise. Set along the waterfront, this bright and inviting unit features an open-concept kitchen, living and dining area with plenty of natural light and a covered back deck overlooking the ocean. The kitchen offers ample storage and includes all appliances, plus convenient in-suite laundry. The primary bedroom features a queen bed and built-in storage, while the second bedroom offers a single bed and additional storage. A 4-piece bathroom completes the space. The lease includes water, septic, one RV/boat parking spot, and access to the park and boat/kayak launch. Currently operated as an Airbnb and managed by Alder Bay Resort for a fee, this is a great option for a vacation getaway, rental opportunity, or your own coastal escape!

1 Alder Bay Rd Unit ##13, Port Mcneill

Courtesy of 460 Realty Inc. (PH)

10257 South Shore Rd Unit ##10, Honeymoon Bay
$359,900
2 Beds ⋅ 1 Baths ⋅ 1049632 MLS
Your Cowichan Lake adventure starts here! Enjoy an affordable lake lifestyle in the heart of Honeymoon Bay in this welcoming lakefront community with a beautiful shared beach, large dock & moorage, breakwater and fantastic outdoor amenities including a hot tub & outdoor kitchen. This turnkey 2-bdrm park model makes lake life easy, with furniture, appliances and household essentials included, just pack your suitcase & start enjoying! Inside, the bright open-concept kitchen and living area opens through patio doors to a covered deck with water views, creating the perfect spot to relax after a day on the lake. Forced-air heating and air conditioning provide year-round comfort, while the pet-friendly community means your furry friends can join the adventure too. Property Taxes are included in annual fees. A community RV is available to rent. With year-round access and everything Cowichan Lake right outside your door, getting to the lake has never been easier. You’re going to love it here!

10257 South Shore Rd Unit ##10, Honeymoon Bay

Courtesy of RE/MAX Generation (LC)

596 Marine Dr Unit ##204, Ucluelet
$309,000
1 Baths ⋅ 1049727 MLS
$54k of renos completed. Experience the epitome of coastal luxury at Black Rock Oceanfront Resort, Ucluelet's premier hotel destination. Steps away from the majestic Pacific Ocean, this second-floor studio in the East wing offers unparalleled views of Big Beach and the rolling waves beyond. Bathed in natural light and designed to maximize the breathtaking scenery, this modern 475 sq. ft. studio boasts floor-to-ceiling windows and sundeck, inviting the outdoors in. With tasteful accents of wood and stone, the interior exudes a serene ambiance. complemented by a calming color palette. Inside discover an open living space adorned with high-end finishes, including a king-sized bed, modern kitchenette, and spa-inspired bathroom. Indulge in the resort's amenities, incl. a restaurant, lounge, boutique shop, full-service spa, outdoor hot tubs, fitness room, and conference/event spaces. With onsite management ensuring seamless operation, you can relax and enjoy.

596 Marine Dr Unit ##204, Ucluelet

Courtesy of 460 Realty Inc. (UC)

3555 Outrigger Rd Unit ##403, Nanoose Bay
$349,000
1 Beds ⋅ 1 Baths ⋅ 1049704 MLS
Live the oceanfront lifestyle at the most affordable ocean-view price point in Oceanside. This one-bedroom condo offers stunning, unobstructed marina and ocean views, plus the opportunity to update and personalize the interior to suit your own style. Just steps to Schooner Cove Marina and Nanoose Bay Café, enjoy paddleboarding, kayaking, sailing, fishing and waterfront walks right outside your door. Fairwinds Golf Course, lakeside trails and the Wellness Club are also nearby. With no age restrictions, rentals and pets allowed, this flexible property works beautifully as a full-time home, vacation retreat or investment. A rare chance to secure the view and location now, then add your own touches over time.

3555 Outrigger Rd Unit ##403, Nanoose Bay

Courtesy of Royal LePage Island Living (PK)

181 Beachside Dr Unit ##129c/130, Parksville
$229,900
2 Beds ⋅ 3 Baths ⋅ 1049355 MLS
Welcome to the Beach Club, a premium resort located directly on Parksville's sandy beach, one of the finest on Vancouver Island. This ground level beach front 1/4 share unit features a 2 queen bed lock off studio with wet bar/coffee bar and a private beach front patio. The main suite bedroom features a king bed and a spa like bathroom complete with a soaker tub. There is a fully equipped kitchen and a gas fireplace in the great room which features a walk out patio with sweeping views of the ocean and coast mountain ranges. All amenities of the resort are available, indoor pool, hot tub, gym and gourmet restaurant. Shopping just steps away.

181 Beachside Dr Unit ##129c/130, Parksville

Courtesy of Royal LePage Island Living (QU)

5433 Woodland W Cres, Port Alberni
$398,000
2 Beds ⋅ 2 Baths ⋅ 1049108 MLS
COZY WESTPORTE PLACE LIVING - Step inside this beautifully maintained 2-bedroom, 2-bathroom townhouse filled with warmth, natural light, and care. The sunny main level features a bright kitchen with ample counter space, deep cabinetry, and a cozy breakfast bar. The living area is anchored by a functional gas fireplace, offering efficient, instant heat for the entire main and upper floors. Step outside to your private, fully fenced patio and deck, a quiet spot for gardening, sunny afternoons, or pets. Updates include a new hot water tank (2024), dishwasher (2025), and fridge (2026). A convenient 2-piece powder room completes the main floor. Upstairs holds two spacious bedrooms with mountain views and built-in closet storage, alongside a full 4-piece bathroom and top-floor laundry. Book your showing today!

5433 Woodland W Cres, Port Alberni

Courtesy of Real Broker

6855 Park Ave Unit ##6, Honeymoon Bay
$318,000
1 Beds ⋅ 1 Baths ⋅ 1048576 MLS
Welcome to your turnkey getaway at Paradise Village RV Park! Located in a beautiful 12 acre lakefront community on Cowichan Lake, Lot 6 is one of the park’s most desirable locations, backing directly onto spacious greenspace and a playground while offering excellent privacy. This fully equipped package includes a well-maintained 2006 Coachmen 30-foot fifth wheel and separate bunkhouse. Everything you see is included, patio furniture, lawn chairs, dishes, storage items, toolbox, camping supplies, portable Weber BBQ and more. A protective build over shelters the trailer year round, while the enclosed sunroom offers additional storage or a comfortable covered space for dining, relaxing and entertaining. Paradise Village features over 500 feet of Cowichan Lake waterfront, sandy beach, swimming area, boat launch, docks, fire pits, laundry, hot showers and year-round caretaker services. Fully fenced and gated, this is the perfect place to relax and enjoy the lake!

6855 Park Ave Unit ##6, Honeymoon Bay

Courtesy of Pemberton Holmes Ltd. (Lk Cow)

523 Island Hwy Unit ##1, Campbell River
$399,900
1 Beds ⋅ 1 Baths ⋅ 1047838 MLS
Walk on waterfront ground floor condo within walking distance to town and all it's amenities, bring your little dog and enjoy retirement life on this perfect 1 bedroom walk on waterfront condo in beautiful Campbell River.

523 Island Hwy Unit ##1, Campbell River

Courtesy of Royal LePage Advance Realty

1175 Resort Dr Unit ##223, Parksville
$59,000
1 Beds ⋅ 1 Baths ⋅ 1047817 MLS
Sunrise Ridge Waterfront Resort is located in the seaside community of Parksville. This 1/4 C rotation ownership vacation condo (Not a Time Share) enjoys a 13 week rotation spread out from April - December. Stay & enjoy or continue in the rental program for revenue. This 1 bedroom, 1 bathroom suite comes fully furnished including a hide-a-bed in the living rm. It is complete with granite countertops, radiant in-floor heating, electric fireplace, BBQ & more. Resort amenities include; swimming pool, hot tub, fitness facility, lounge room, covered outdoor courtyard w/ fireplace, scenic walkways and beach access. Within walking distance to restaurants, pubs, coffee shops, mini golf and Rathtrevor Beach. This fully managed Vacation Resort is completely "Turn Key," with all furnishings, appliances, linens, kitchen items, etc. The monthly fee includes the strata fees, utilities, all insurances, maintenance, repair/replacement of all items & annual property taxes.

1175 Resort Dr Unit ##223, Parksville

Courtesy of RE/MAX Mid-Island Realty

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