Vancouver Homes under $500,000

Welcome to Vancouver, British Columbia, a vibrant city known for its stunning natural beauty, diverse culture, and thriving economy. Nestled between the majestic Coast Mountains and the sparkling waters of the Pacific Ocean, Vancouver offers a unique blend of urban sophistication and outdoor adventure. With its mild climate, lush parks, and picturesque waterfront, it’s no wonder that this city consistently ranks among the best places to live in the world.

For those looking to call Vancouver home without breaking the bank, there are still opportunities to find charming residences under $500,000. While the real estate market can be competitive, various neighborhoods offer affordable options that do not compromise on quality of life. Areas such as East Vancouver and parts of South Vancouver are known for their welcoming communities and accessible amenities. You can find cozy condominiums, modern townhouses, and well-maintained apartments that provide both comfort and convenience.

Living in Vancouver means having access to world-class dining, shopping, and cultural experiences. Enjoy a leisurely stroll through Stanley Park, explore the bustling Granville Island, or indulge in the vibrant culinary scene that celebrates the city’s multicultural heritage. Whether you’re a first-time homebuyer or looking to invest, Vancouver’s real estate market presents a wealth of opportunities, even for those with a budget of $500,000 or less.

Discover the charm of Vancouver and explore your options today – your dream home awaits in this captivating city!

Newest Vancouver Homes under $500,000

$469,000

1 Beds ⋅ 1 Baths ⋅ R3173111 MLS® #

Quiet & bright top-floor 1-bed home just off Commercial Drive, fully custom renovated w/ a modern kitchen (full reno: new cabinets, SS appliances, backsplash & quartz counters), new flooring, paint & updated fixtures. Efficient layout with a spacious living area opening to an oversized balcony showcasing city & North Shore mountain views. Well-proportioned bedroom and a clean, modern bath with soaker tub. Proactive strata w/ major updates completed: new roof (2022), full rainscreen & windows (2010), parking membrane (2014), decks (2010) and plumbing. Walk to Bosa foods at end of block, parks, SkyTrain, shops, cafes and breweries, with easy access to Downtown. Rentals allowed. Includes 1 parking & storage. CALL FOR PRIVATE SHOWINGS!

1864 Frances St Unit 405, Vancouver

Listing courtesy of

$485,000

1 Beds ⋅ 1 Baths ⋅ R3173075 MLS® #

Imagine coming home to a space with comfort, convenience & everything you need right at your doorstep. This beautifully updated 1 bed+den penthouse features a bright, functional layout. The versatile den with access from both the bedroom & living room is ideal as a home office, nursery or reading nook, while mountain views provide a peaceful backdrop. Newer floors, updated kitchen, in-suite laundry, 1 parking & 1 storage locker complete this move-in-ready home. You'll enjoy an unbeatable Killarney location just mins from Central Park, Metrotown, cafés, restaurants, recreation & excellent schools. Bus stops are right outside, making commuting effortless with easy access to Burnaby, Downtown Vancouver & beyond. A smart buy in a desirable community, move-in ready & full of value!

5818 Lincoln St Unit 302, Vancouver

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$365,000

1 Baths ⋅ R3172961 MLS® #

Park the car in your own stall and let The Drive do the rest. This south-facing Grandview-Woodland studio sits a few blocks from Commercial Drive: espresso and fresh bread in the morning, tacos or a slice on the way home, Commercial-Broadway SkyTrain when the city calls, and summers of Italian Day and Car Free Day. Back home, the 13' x 18' living, dining, sleeping area opens onto a covered balcony with a treed outlook. The bathroom was refreshed in 2020, and your storage locker is on the main floor for added convenience. Well looked after building: new roof in 2025, all windows and balcony doors replaced in 2020, and new hallway carpet and paint approved this year.

1545 E 2nd Avenue Unit 216, Vancouver

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$489,000

1 Beds ⋅ 1 Baths ⋅ R3172904 MLS® #

THE FLATS 219 East Georgia Street! Funky modern living in trendy CHINATOWN. Within steps of award winning restaurants, pubs, cafes, shopping, transit & Downtown Vancouver. This premium 1 bed + 1 bath is crafted for a modern European feel. High ceilings, floor to ceilings windows make for airy, sunlit living. Your home is outfitted with modern fixtures, integrated FISHER & PAYKEL appliances & a BLOMBERG fridge. Unique opening Juliet balcony. Polished concrete floors, streamlined storage & built in closets open to living & bedroom spaces. Your bathroom has custom cabinetry, heated tile floors & oversized white subway tiles for a clean look. Rooftop deck w/downtown views, gas BBQ grill & outside sink. Incl bike room & storage locker.

219 E Georgia St Unit 602, Vancouver

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$269,000

1 Beds ⋅ 1 Baths ⋅ R3172892 MLS® #

Location, location, location! Situated in the heart of Mount Pleasant/SOMA, this 625 sq. ft. leasehold apartment offers a fantastic opportunity in one of Vancouver's most vibrant neighbourhoods. The home needs updating, but features a functional layout and plenty of potential to create a space of your own. Enjoy an unbeatable location close to trendy restaurants, cafes, shops, parks, transit and everyday amenities, with easy access to downtown and everything Mount Pleasant has to offer. Monthly maintenance includes property taxes, heat, hot water and cable, providing added convenience and value. Whether you're looking for a home in a walkable neighbourhood or an opportunity to renovate and make it your own, this is one worth seeing!

36 E 14th Ave Unit 207, Vancouver

Listing courtesy of

$439,900

1 Baths ⋅ R3172843 MLS® #

Welcome to Park Langara - a six-storey, concrete, air-conditioned building in Vancouver's West side! A part of the Developer's final release, this studio home features high 10'2" ceiling height, Bosch and Bloomberg stainless steel appliances, gas cooktop, luxurious white quartz countertops, spa inspired bathroom and brushed hardwood oak flooring. Conveniently located within walking distance to Langara 49th skytrain station, Oakridge Park, and Langara Golf Course. One EV-ready parking stall included. Storage locker available for purchase. Full GST rebate for qualified first time homebuyers. Showings by appointment.

6859 Cambie St Unit 101, Vancouver

Listing courtesy of

$459,900

1 Beds ⋅ R3170692 MLS® #

Top-floor PENTHOUSE corner home at Kingsway & Knight. This bright 1 bedroom + den offers 541 sq ft of efficient living with laminate floors, a well-appointed kitchen with granite counters and stainless steel appliances, and a separate laundry/storage room. Step out to your spacious south-facing balcony and take in panoramic city views. The den works well as a home office or guest space. 1 secured underground parking stall included. Pets and rentals allowed – a great fit for first-time buyers and investors alike. Central East Vancouver location with transit, shopping, restaurants and parks at your doorstep, and quick access to Downtown. Call today to book your private showing.

1239 Kingsway Unit PH7, Vancouver

Listing courtesy of

$488,000

1 Beds ⋅ 1 Baths ⋅ R3172747 MLS® #

Welcome to Kensington Gardens, a quality Westbank-built community in a convenient location in Vancouver. This 1-BR, 1-BA home offers 468 sq.ft. of functional living space with NE and mountain views. Includes 1 parking stall a few steps to the elevator. T&T Supermarket is located within the complex, with a bus stop just a 4-minute walk away. Enjoy excellent amenities, including a party room, gym, sauna, outdoor pool, theatre room, and study rooms, with shops, restaurants, cafés, and everyday services nearby. Pets allowed (2 dogs/2 cats/1dog 1 cat). No rentals less than 180 days. Strata fee includes heat, water, gas.

4638 Gladstone St Unit 603, Vancouver

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$224,900

1 Beds ⋅ 1 Baths ⋅ R3172627 MLS® #

PREPAID LEASE-HOLD NON-STRATA UNTIL DECEMBER-2073. ONE BEDROOM UNIT FACING SOUTH-EAST. FEATURES, FANTASTIC CITY VIEWS, OPEN KITCHEN CONCEPT, SPACIOUS LIVING ROOM AND LARGE COVERED BALCONY. EXCELLENT BUILDING WITH ONSITE CARETAKER, NEW PLUMBING IN 2024, NEW WINDOWS, BALCONIES, BUILDING ENVELOPE & POOL RESTORATIONS IN PROGRESS. ALL IN THE VERY POPULAR WEST END AREA & ONLY A SHORT WALK TO RESTAURANTS, SHOPS, SCHOOL, TRANSPORTATION, ENGLISH BAY BEACH, STANLEY PARK AND WEST END COMMUNITY CENTRE.

1850 Comox St Unit 1501, Vancouver

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$499,900

1 Beds ⋅ 1 Baths ⋅ R3172439 MLS® #

Live in the heart of it all at Fortune House! This BRIGHT & SPACIOUS RENOVATED 1 bed home offers SOARING 9'6" CEILINGS, huge windows & a covered balcony w/ EXPANSIVE CITY VIEWS. Open Chef's Kitchen w/ S/S appliances, newer cabinetry & granite counters. Proper living & dining areas w/ white oak H/W floors, fresh paint, roller blinds & an updated 4-pc bath. Spacious bedroom w/ double closet & a smart layout w/ no wasted space. Proactive strata w/ gym, bike room, rooftop patio & laundry on each floor. Steps to the best of downtown: Granville Street, Robson Square, Emery Barnes Park & the best dining, shopping & nightlife of Yaletown & Downtown. Pets & rentals OK. Parking & storage. A perfect first home or investment. Nothing to do but move in & enjoy! Open House Saturday, 2-4PM.

1010 Howe St Unit 807, Vancouver

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$339,800

1 Baths ⋅ R3172389 MLS® #

Centro puts convenience front and centre—just steps from Joyce SkyTrain Station in a well-built 16-storey concrete tower. This bright, updated studio-style home offers an efficient layout with eastern exposure, a private balcony, new laminate flooring, in-suite laundry, new appliances, and a storage locker. With shops, restaurants, banks, services, and everyday essentials right outside your door, everything you need is close at hand. Enjoy easy access to Gaston Park and Melbourne Park, plus the convenience of being directly connected to transit for a quick commute throughout Vancouver. Perfect for a first-time buyer looking to get into the market or an investor searching for a well-located property with strong rental appeal. OPEN HOUSE SAT (Oct 10) from 1-3pm

3438 Vanness Ave Unit 205, Vancouver

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$499,000

1 Beds ⋅ 1 Baths ⋅ R3172351 MLS® #

Panorama Place! Enjoy the West of Denman lifestyle in a concrete building located on a quiet cul-de-sac on the edge of Stanley Park and just 1/2 block to English Bay. Move-in ready or bring your designs. This sunny E/SE corner suite offers WE views from wrap-around windows & balcony. This large 1-bed suite features over 800 SF of living space and can fit house-sized furniture. Enjoy the ocean breeze and let the large double-glazed windows fill the space with bright natural light. Everything is at your doorstep: beaches and seawall, tennis courts & bike trails, shops, cafes & grocers. BONUS: No dogs & NO rentals. Indoor pool, common 360 roof deck. (NO EHT - Buyer Verify). 1 Storage. Parking $35/45. EV Charging. Happy to answer Co-op Questions. Agent Open: Fri Oct 9th: 10:30 to Noon

2055 Pendrell St Unit 306, 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.