Homes Under 400K on Gabriola Island – Updated Listings & Deals

Homes under $400k on Gabriola Island offer exceptional value for buyers seeking affordable Gulf Island living. The Shanon Kelley Realty Group helps with buying and selling of finding budget-friendly properties on this scenic Vancouver Island destination, where recent sales have ranged from $140,000 to $2,500,000. Gabriola Island presents unique opportunities for first-time buyers and investors looking to enter the Gulf Islands real estate market without the premium prices of mainland British Columbia. Current market conditions show strong buyer demand with properties under $400k moving quickly due to limited inventory. Mobile homes, condos, and smaller residential properties frequently fall within this price range, providing diverse options for budget-conscious purchasers. The island’s relaxed lifestyle, artistic community, and ferry access to Nanaimo make affordable homes here particularly attractive. With proposed price increases of up to 6% anticipated, buyers seeking homes under $400k should act decisively. Gabriola Island’s real estate market offers significantly better value compared to Vancouver and Victoria, making it an ideal location for those wanting island living at accessible prices.