Discover Five B.C. Towns Where Homes Still Cost $500,000

Several towns in British Columbia continue to offer affordable housing options, with homes still available for under $500,000. This marks a notable contrast to the rising prices in major urban centers, where many buyers find themselves priced out of the market. Three years after an initial review of affordable properties, it is clear that while the market has evolved, pockets of affordability remain accessible for those willing to look beyond the larger cities.

British Columbia boasts an array of towns where buyers can secure a single-family home and land for the price of a compact apartment in more expensive areas like Yaletown. Here is a selection of properties currently listed at or below the $500,000 mark.

Spotlight on Affordable Homes

One promising option is located at 7386 Imperial Place, listed for $499,900. This two-storey residence, nestled in a quiet cul-de-sac, spans 2,272 square feet and sits on a generous 7,315 square-foot lot. Built in 1974, the home features updated flooring, a garage accommodating RV parking, and a private backyard complete with a patio and dedicated hot tub room, ideal for relaxation after a busy day.

Another attractive choice can be found at 1605 15 Ave, with a listing price of $499,800. Situated in the East Hill neighbourhood near parks and schools, this 1996 bungalow offers three bedrooms and two bathrooms across 1,300 square feet. The open-concept layout and vaulted ceilings enhance the spacious feel, while the primary bedroom includes a walk-in closet and ensuite bathroom. The fully fenced yard ensures privacy, providing a perfect outdoor retreat just minutes from local attractions like Kal Beach and Polson Park.

In Castlegar, a two-storey home at 604 11th St is on the market for $499,000. This property, built in 1962, boasts 2,434 square feet of living space, including three bedrooms and two bathrooms. It also features a lower-level suite that can serve as a rental unit or guest accommodation. With the confluence of the Kootenay and Columbia rivers nearby and local cafés just steps away, residents can enjoy both tranquillity and convenience.

Another option resides at 1745 E. 7th Ave, also listed at $499,000. This corner lot home is fully updated, featuring three bedrooms and two bathrooms within 1,810 square feet. The renovated lower level includes new insulation, plumbing, and electrical work. A south-facing sundeck overlooks a fenced yard equipped with a fire pit, making it a delightful spot for gatherings. Located near the Coast Guard base, this property offers both natural surroundings and a sense of community.

Lastly, 1616 Mt. Proctor Place N is listed for $499,900. Constructed in 1985, this 2.5-storey home provides 2,121 square feet of living space, including three bedrooms, three bathrooms, and an office. The double garage, sauna, and covered patio add to its charm. The property is located in a quiet cul-de-sac close to community forests and hiking trails, making it a peaceful retreat within the East Kootenay urban center.

As housing prices continue to rise in metropolitan areas, these towns in British Columbia present viable options for homebuyers seeking affordability without sacrificing quality of life. With unique properties available, potential buyers are encouraged to explore these hidden gems before they disappear from the market.