Nanaimo Homes under $500,000

View the latest homes updated every 15 minutesNanaimo Homes under $500,000

Nanaimo offers some of the best houses on Vancouver Island for under $500,000. Whether you're looking for the perfect family home, a quiet area to retire, or an investment property to produce extra income, Nanaimo has it all.

Many first-time homebuyers are setting their maximum purchase price of a new home under $500,000 as that allows them to take advantage of First the Time homebuyer's credit. This credit allows a buyer to claim exemption from Property Transfer Tax (PTT), saving thousands of dollars.

Unlike the housing markets in the rest of Canada, homes in Nanaimo are moving fast, so don't miss your opportunity to own your little piece of heaven. Get updates on the latest listings under $500,000 by contacting us today.

Nanaimo Homes under $500,000 January 20, 2022
27
Listed
12
Avg. DOM
$483.97
Avg. $ / Sq.Ft.
$454,900
Med. List Price
27 Properties
Page 1 of 3
$400,000
Subdivision: Songbird Place
1
Beds
1
Baths
680
Sq.Ft.
2015
Year Built
1
Day on Site
892489
MLS®
A wonderful and contemporary condo at the popular Songbird Place, located only steps from the Nanaimo North Town Centre with shopping and transportation at your doorstep. Also nearby are Oliver...
$415,000
Subdivision: Highland Wood
3
Beds
1
Baths
1,210
Sq.Ft.
1975
Year Built
2
Days on Site
892331
MLS®
South Nanaimo townhome nestled into a quiet complex! The Highland Wood complex features units tucked away from the street and is in walking distance to grocery stores and restaurants. Within 5...
$425,000
Subdivision: Royal Vista
1
Beds
1
Baths
725
Sq.Ft.
1963
Year Built
4
Days on Site
892508
MLS®
Location, location, location! Units in this building don't come onto the market often and this one won't last long! Breathtaking views of the Newcastle Island Channel as well as the harbour. This one...
$439,000
Subdivision: Autumnwoods
2
Beds
2
Baths
993
Sq.Ft.
1993
Year Built
4
Days on Site
891387
MLS®
This affordable patio home in Autumn Woods Estates in the Diver Lake area is conveniently located to shopping, bus routes, hospital & most major amenities. This well cared for 2 bedroom, 2 bathroom...
$329,900
Subdivision: Bowen Terraces
2
Beds
1
Baths
897
Sq.Ft.
1965
Year Built
7
Days on Site
892392
MLS®
This bright, top floor corner unit at Bowen Terraces offers 838 sqft of living space, has 2 bedrooms, one 4 pc bathroom & is tenanted until February 2022. This home has had many updates over the last...
$474,900
Subdivision: Lakeview Terrace
2
Beds
2
Baths
981
Sq.Ft.
2022
Year Built
8
Days on Site
892328
MLS®
B Floor Plan, Charlie Building Corner unit: Welcome to Lakeview Terrace, a new condo community near Nanaimo s famous Long Lake. Constructed to be BUILT GREEN®, this community is built...
$469,900
Subdivision: Lakeview Terrace
2
Beds
2
Baths
906
Sq.Ft.
2022
Year Built
8
Days on Site
892365
MLS®
D Floor Plan in the Bravo Building: Welcome to Lakeview Terrace, a new condo community near Nanaimo s famous Long Lake. Constructed to be BUILT GREEN®, this community is built highly-efficiently and...
2
Beds
1
Baths
787
Sq.Ft.
1990
Year Built
8
Days on Site
892382
MLS®
Investors & 1st-Time Home Buyers! This 2-bedroom, 787 sq ft condo in Lakeside Terrace is bright and spacious featuring an open concept layout with many fine features including: granite countertops &...
$484,900
Subdivision: Lakeview Terrace
2
Beds
2
Baths
959
Sq.Ft.
2022
Year Built
9
Days on Site
892222
MLS®
C Floor Plan: Welcome to Lakeview Terrace, a new condo community near Nanaimo s famous Long Lake. Constructed to be BUILT GREEN®, this community is built highly-efficiently and sustainably. Enjoy...
$484,900
Subdivision: Lakeview Terrace
2
Beds
2
Baths
959
Sq.Ft.
2022
Year Built
9
Days on Site
892251
MLS®
C Floor Plan in Bravo Building: Welcome to Lakeview Terrace, a new condo community near Nanaimo s famous Long Lake. Constructed to be BUILT GREEN®, this community is built highly-efficiently and...
$484,900
Subdivision: Lakeview Terrace
2
Beds
2
Baths
959
Sq.Ft.
2022
Year Built
9
Days on Site
892255
MLS®
C Floor Plan in Bravo Building: Welcome to Lakeview Terrace, a new condo community near Nanaimo s famous Long Lake. Constructed to be BUILT GREEN®, this community is built highly-efficiently and...
$484,900
Subdivision: Lakeview Terrace
2
Beds
2
Baths
959
Sq.Ft.
2022
Year Built
9
Days on Site
892258
MLS®
C Floor Plan in Bravo Building: Welcome to Lakeview Terrace, a new condo community near Nanaimo s famous Long Lake. Constructed to be BUILT GREEN®, this community is built highly-efficiently and...

Contact Your Nanaimo Real Estate agent

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.