8 homes in Vancouver that you can buy for $500,000 or less

Feb 28 2017, 10:30 am

The only problem with living in Vancouver is that you feel like you can’t afford it.

And that’s pretty depressing.

We talk about apartments and houses in Vancouver almost bemusedly, telling ourselves that our childhood dreams of having a home have been smashed into millions of pieces. We tell ourselves that homes are only for the extremely wealthy.

But we’re here to alleviate your concerns.

Daily Hive teamed up with TD Insurance to find homes that were $500,000 or less in Vancouver. Yes, they exist. It’s a real thing. And when you sign up for home insurance with TD Insurance, they can help keep you (and your dream home) safe and secure for years to come.

Gastown: $464,900

  • Bedrooms: Loft
  • Bathrooms: 1
  • Size: 484 square feet
  • Address: 312 22 East Cordova Street

Yes, you can have modern for a reasonable price. This loft is located in historic Gastown and is decked out with attractive laminate flooring, brilliant countertops, in-suite laundry, and 10′ ceilings, located smack dab in the centre of an area that’s home to all the amenities you need. You’ll also enjoy a secured parking spot – not that you’ll need to drive, since the area is highly walkable. This price tag proves that contemporary isn’t a figment of your imagination.

Jericho: $463,000

  • Bedrooms: 1
  • Bathrooms: 1
  • Size: 659 square feet
  • Address: 3680 West 7th Avenue

Check out this one-bedroom condo that’s 659 square feet of shiny wooden floors – and just a mere 15-minute stroll from Jericho Beach. In fact, it’s so close to the beach that you can probably smell the salt water while you doze off at bedtime. This area is super safe, but since it’s impossible to prevent the possible, you’ll want to look into getting home insurance that fits your needs. That way, you’ll be living the carefree dream with yoga, grocery stores, cafes, and all the amenities you could ever need within close reach. This condo includes storage and a parking spot, so you never have to worry about circling the block.

Grandview East: $399,000

  • Bedrooms: 1
  • Bathrooms: 1
  • Size: 650 square feet
  • Address: 320-1422 E 3rd Avenue

You’d never know that this apartment is part of a 35-year-old building based on its fresh, contemporary interior. Located on Commercial Drive, this condo is a short walk from a wide range of popular restaurants and the SkyTrain. Complete with a mosaic-style bathtub, this pad is made for relaxation. This condo is more affordable than many you’ll find in Vancouver, and with the right home insurance you can protect yourself from any unexpected events. Choose from a wide range of home insurance packages with TD Insurance so you get exactly what you want.

North Vancouver: $450,000

  • Bedrooms: 2
  • Bathrooms: 1
  • Size: 888 square feet
  • Address: 2688 Mountain Highway

Located in North Vancouver, this spacious apartment adopts a residential style decor and layout. Exuding sophistication, this pad has open living spaces with 9′ ceilings, granite and timber features, sleek stainless steel appliances, along with laminate floors. Living here means you’re close to the local mountains, plenty of restaurants, and a shopping hub. But what’s really awesome is that an easy commute downtown means you won’t have to spend ages traveling, never mind spending all that gas money.

Mount Pleasant: $429,900

Living area/Locatehomes.ca

  • Bedrooms: 1
  • Bathrooms: 1
  • Size: 704 square feet
  • Address: 104-189 East 16th Avenue

Located in the trendy SOMO area, this home has the cosmopolitan feel of a Gastown pad without the noise. It’s equipped with bamboo hardwood floors, granite countertops, lots of light, and in-suite laundry. Located in the Mount Pleasant area, you can walk to a wide range of restaurants, cafes, and shops in no time. Just remember that it’s important to ensure you get condo insurance for anything that was not in the original builder’s specifications as this is your responsibility. A solid insurance plan covers all of your contents, plus any renovations you do to make the place truly yours.

Kitsilano: $429,900

Living room/Livekitsilano.com

  • Bedrooms: 1
  • Bathrooms: 1
  • Size: 478 square feet
  • Address: 408 2680 West 4th Avenue

On the top floor of a 21-year-old Kitsilano building, this apartment is both affordable and accessible. It has been well taken care of by previous owners, and has a lot of storage, while being close to restaurants, bars, and the beach. There’s a gas fireplace that heats the living area on cold evenings while adding an element of coziness. You’ll even have a communal outdoor patio where you can entertain guests in the summer. When you share an area of your condo with others, condo insurance can help put your mind at ease. That’s because it covers liability, contents, improvements, and loss assessment.

False Creek: $499,000

Living area/Locatehomes.ca

  • Bedrooms: 1
  • Bathrooms: 1
  • Size: 758 square feet
  • Address: 403-1502 Island Park Walk

This condo is compact, so it’s ideal for a single professional or couple. This serene area is just steps away from False Creek and the quaint Granville Island. You’ll have convenient access to the seawall, lagoon, and marina from your suite. There’s an open concept kitchen, in-suite laundry, and a wood burning fireplace. You’ll want to consider purchasing contents insurance to protect your home furnishings and electronics. Additionally, personal liability has you covered if someone slips and falls on your premises.

West End: $424,800


  • Bedrooms: 1
  • Bathrooms: 1
  • Size: 410 square feet (living room)
  • Address: 207 1940 Barclay Street

Located on a tree-lined street just west of Denman, this boutique condo has all you could want in interior design. The condo was recently renovated by designer Andrea Rodman, and is featured on the front of this month’s Western Living magazine. It adopts a Scandinavian style, is pet-friendly, and gets plenty of sunlight. With generous storage options and glass sliders that transform the studio into a one-bedroom unit with an open concept, you’ll feel right at home. The unit has custom closets, along with a gourmet kitchen and Italian marble counters. You’ll want to keep this condo in pristine condition forever and the best way to do this is by covering the unit and its contents with insurance.

We get pretty down and out with ourselves regarding the home ownership situation in Vancouver – but when you take a look at different options online, you’ll see that buying a place doesn’t cost quite as much as you thought it would.

But consider more than just the price you’re paying up front.

We tend to underestimate the true costs of owning a home. Accidents are inevitable – someone could hurt themselves while visiting your home, your pipes could burst, someone could steal your possessions, you name it.

Signing up for home insurance with TD Insurance can help prepare you for worst case scenarios. Make sure you take time to chat with a professional over the phone or take the TD Right Fit Coverage Assessment online. All you have to do is answer a few short questions that help you determine the kind of coverage you need; then you can sit back and relax in your new abode.

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