Vancouver Homes under $500,000

Welcome to Vancouver, British Columbia—a vibrant city nestled between the majestic North Shore Mountains and the sparkling waters of the Pacific Ocean. Known for its stunning natural beauty, diverse culture, and thriving economy, Vancouver is a place where urban sophistication meets outdoor adventure. With its mild climate, lush parks, and a bustling waterfront, it’s no wonder that this city consistently ranks as one of the most livable in the world.

For those seeking to call this enchanting city home without breaking the bank, Vancouver offers a variety of housing options under $500,000. While the real estate market can be competitive, there are still gems to be found, especially in emerging neighborhoods. From cozy condos in the heart of downtown to charming townhouses in family-friendly communities, there’s something for everyone.

Areas such as East Vancouver and the Tri-Cities are gaining popularity, offering a blend of affordability and accessibility. These neighborhoods boast excellent schools, parks, and a strong sense of community, making them ideal for first-time buyers and families alike. With the city’s excellent public transit system, commuting to the bustling downtown core is a breeze, allowing residents to enjoy all that Vancouver has to offer.

Investing in a home in Vancouver under $500,000 is not just about finding a place to live; it’s about embracing a lifestyle filled with adventure, culture, and connection. Whether you're an outdoor enthusiast, a foodie, or an art lover, Vancouver has something to inspire you. Let us help you find your perfect home in this extraordinary city!

Newest Vancouver Homes under $500,000

$488,000

1 Beds ⋅ 1 Baths ⋅ R3177253 MLS® #

Beautiful, updated NE facing one bedroom suite with A/C at the iconic ELECTRA. Just about as central as downtown living can be; enjoy urban living & the walk to everywhere lifestyle. Move-in ready with recent updates including laminate wood floors & stainless steel appliances! Smart floorplan with tons of windows, open kitchen/living space, and bedroom with walk in closet. X-Large storage locker on same floor, spacious laundry room with ample FREE machines right across the hallway, and building comes complete with AIR CONDITIONING! Electra residents enjoy a grand lobby, social club, pool tables, guest suite and high speed elevators.

989 Nelson St Unit 1012, Vancouver

Listing courtesy of

$399,900

1 Beds ⋅ 1 Baths ⋅ R3177212 MLS® #

EXCEPTIONAL VALUE IN EAST VANCOUVER! Offering one of the best price-per-square-foot opportunities in the area, this spacious 9th-floor home is available for the first time ever! Featuring a generous bedroom plus a versatile SOLARIUM/DEN, this thoughtfully designed layout offers the space and flexibility that's increasingly hard to find. Ideally situated directly across from Joyce-Collingwood SkyTrain Station, you'll enjoy unbeatable convenience with shopping, restaurants, parks, and everyday amenities just steps away. An excellent opportunity for first-time buyers looking for affordability without compromising on space, or investors seeking a rental property in a desirable, low-vacancy neighbourhood. Outstanding value, incredible convenience, and plenty of potential!

3438 Vanness Ave Unit 906, Vancouver

Listing courtesy of

$485,000

1 Beds ⋅ 1 Baths ⋅ R3176981 MLS® #

Beautifully updated 1-bedroom plus den/home office, offering the perfect blend of comfort, style, and convenience. Enjoy the ultimate urban lifestyle with shopping, cafés, restaurants, parks, and transit just steps from your front door. Thoughtfully renovated throughout, this bright and inviting home features new laminate flooring, stone countertops, a stylish tile backsplash, stainless steel appliances, fresh designer paint, updated lighting, and new window coverings. The bathroom has been tastefully refreshed with an updated vanity and new toilet. Pet and rental friendly, this home presents an exceptional opportunity for first-time buyers, investors, or anyone seeking a move-in ready residence in a vibrant, centrally located neighbourhood. Peace of mind in a well-maintained building.

1177 Hornby St Unit 410, Vancouver

Listing courtesy of

$428,000

1 Beds ⋅ 1 Baths ⋅ R3176965 MLS® #

Horace Wong: 350 ????: ok Horace Wong: Located in Vancouver’s vibrant Marine Gateway neighborhood, this high-rise residence at 2506 - 8131 Nunavut Lane (MC²) offers modern comfort with an efficient open layout, abundant natural light, and impressive views. Just steps from the Marine Drive Canada Line station, residents enjoy seamless transit access to Downtown Vancouver, Richmond, and YVR Airport. With T&T Supermarket, Cineplex Cinemas, banks, and diverse dining right at your doorstep, daily living is effortlessly convenient. Featuring top-notch amenities such as a concierge, fitness center, and rooftop garden, this home presents an exceptional opportunity for both first-time buyers and savvy investors.

8131 Nunavut Ln Unit 2506, Vancouver

Listing courtesy of

$499,900

1 Beds ⋅ 1 Baths ⋅ R3176884 MLS® #

This immaculate, spacious1 bedroom + den unit on upper floor.

828 Cardero St Unit 408, Vancouver

Listing courtesy of

$465,000

1 Beds ⋅ 1 Baths ⋅ R3176763 MLS® #

Your own little retreat, just blocks from Commercial Drive! This inviting 1 bedroom, 1 bathroom ground-floor home in a Landmark building opens onto a 300 sq ft private, secure patio with room to garden, gather with friends or enjoy a quiet morning coffee. The newly renovated kitchen features sleek cabinetry with soft-close drawers, a stainless steel fridge and Samsung dishwasher. An updated bathroom and generous gas fireplace with a custom wood mantel add comfort and character. Enjoy the neighbourhood’s cafés, restaurants and shops, with SkyTrain nearby and easy access to Downtown Vancouver. Includes 1 parking stall and 1 storage locker.

1420 E 7th Avenue Unit 102, Vancouver

Listing courtesy of

$399,900

1 Beds ⋅ 1 Baths ⋅ R3176571 MLS® #

HOT DEAL in the heart of Vancouver! Welcome to SECOND + MAIN, ideally located at the crossroads of Olympic Village & Mount Pleasant. This bright and functional 479 sf. bachelor/ 1 bed suite offers an exceptional opportunity to own in one of Vancouver’s most vibrant neighbourhoods, priced more than $140,000 below assessed value! Enjoy an open-concept layout, floor-to-ceiling windows, central heat &A/C, integrated kitchen appliances, engineered hardwood flooring, and in-suite laundry. Building amenities include a fitness centre, lounge, and a rooftop terrace featuring a communal garden, fireplace lounge, and BBQ area. Steps to trendy restaurants, cafés, shops, transit, and the seawall. An attractive opportunity for first-time buyers or investors. With SHORT TERM RENTAL & AIRBNB potential!

180 E 2nd Avenue Unit 508, Vancouver

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$459,000

1 Beds ⋅ 1 Baths ⋅ R3176566 MLS® #

FORECLOSURE OPPORTUNITY IN VANCOUVER'S DESIRABLE FRASER NEIGHBOURHOOD! This bright and spacious TOP-FLOOR 1-bedroom home presents exceptional value for first-time buyers and investors alike! Enjoy a functional layout filled with natural light in a fantastic East Vancouver location. Steps to vibrant Fraser Street's popular cafes, restaurants, markets and shops, with John Oliver Secondary nearby. Excellent transit connections to Downtown, UBC, Langara, Oakridge, Richmond and SkyTrain. Well-maintained, self-managed building with low maintenance fees covering hot water and gardening. Shared laundry, no elevator and no pets permitted. A fantastic opportunity to enter the Vancouver market. Book your private showing today!

458 E 44th Ave Unit 303, Vancouver

Listing courtesy of

$399,000

1 Baths ⋅ R3176557 MLS® #

Live where the city meets the sea! Ideally located west of Denman, this inviting freehold West End studio features laminate floors, a bright kitchen and access to shared laundry. Fresh paint and an updated stylish bathroom complete this home. Only one block from Stanley Park and steps from the beach, seawall and Lost Lagoon, it’s perfectly positioned to enjoy Vancouver’s spectacular outdoor lifestyle. Begin your mornings with a waterfront stroll, spend afternoons by the ocean and explore an outstanding selection of nearby restaurants. With downtown’s vibrant energy and natural beauty at your doorstep, this charming urban retreat offers a lifestyle to love. Downtown living at its best!

1940 Barclay St Unit 109, Vancouver

Listing courtesy of

$489,000

1 Beds ⋅ 1 Baths ⋅ R3176104 MLS® #

Discover the best of West End living in the heart of Vancouver. Ideally situated on Pacific Street, this one-bedroom home offers an incredible opportunity to enjoy one of the city's most walkable and vibrant neighbourhoods. Just steps from Sunset Beach, English Bay, the seawall, Davie Village, cafés, restaurants, shopping, and transit, everything you need is close at hand. The functional floor plan features a private patio, offering a peaceful outdoor space to relax and unwind. Whether you're a first-time buyer, investor, or looking for a home in the heart of the city, this is a fantastic opportunity to own in one of Vancouver's most desirable locations.

1106 Pacific St Unit 208, Vancouver

Listing courtesy of

$499,000

1 Beds ⋅ 1 Baths ⋅ R3176552 MLS® #

Enjoy the best of the West End in this inviting home at Robson Gardens, featuring a rare 285 sq. ft. west-facing private patio with lighting and power. A great extension of the living space, it offers room for outdoor dining, gardening, and relaxing in the afternoon sun. Inside, laminate flooring complements the kitchen’s warm wood cabinetry and dark countertops. The well-maintained concrete building offers a shared rooftop terrace with panoramic views of the city, North Shore mountains, and Coal Harbour, plus a bike room and storage locker. Underground parking is available for rent from the strata. Pets and rentals are welcome. Ideally located on Robson Street, just steps from cafés, restaurants, shops, and everyday amenities. OH Sat & Sun from 2-4 PM.

1270 Robson St Unit 205, Vancouver

Listing courtesy of

$445,000

1 Beds ⋅ 1 Baths ⋅ R3176521 MLS® #

Bright & spacious south-facing 1-bedroom offering 705 sq ft of comfortable, functional living in the desirable Fraserview/River District neighbourhood. The open layout features generous living, dining and kitchen areas, a well-sized bedroom with large walk in closet, in-suite laundry and a large balcony perfect for relaxing outdoors. Enjoy 2 storage areas, secure parking and building amenities including a gym and games room, guest suite, workshop and bike room. Steps to Fraser River trails and Riverfront Park, minutes to Fraserview Golf Course and River District shops, cafés, restaurants and everyday conveniences. Wonderful opportunity in a growing waterfront community.

8430 Jellicoe St Unit 409, Vancouver

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NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Vancouver Homes under $500,000

Newest Vancouver Homes under $500,000

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