Greater Victoria is synonymous with mild weather, beautiful surrounds, ample recreational opportunities …and expensive real-estate. In a region full of $600,000 homes, are there opportunities to buy a centrally located house with a yard outside of the Westshore for less than $400,000? You bet. And several are absolute bargains if you're willing to overlook a few hiccups.

Below are the 10 least expensive houses currently listed for sale on MLS as of May of 2015.

 MLS.ca.

#10 - $389,900

Address: 74 Regina Ave | Municipality: Saanich
Bedrooms: 2 | Baths: 1 | Square footage: 1,000

Built in 1917, the first home on our list features two bedrooms and a single bathroom in a 1,000 square foot single storey configuration. Situated in Saanich's Tillicum neighbourhood, the house is walking distance to Uptown Shopping Centre and just a stones throw to the Galloping Goose cycling thoroughfare. A unique perk of this 5,600 square foot lot is a standalone studio/workshop/rec room behind the home.

 MLS.ca.

#9 - $384,900

Address: 1229 Old Esquimalt Rd | Municipality: Esquimalt
Bedrooms: 2 | Baths: 1 | Square footage: 945

If a large lot is on your list, this property features 8,432 square feet affording plenty of yard space front and back. The 1949 home is only 945 square feet, although one of the bedrooms located below the main living floor has a separate entrance — perfect separation for a teenager or an in-law. Situated along Old Esquimalt Road at Rockheights Avenue, the location is desirable and in an established residential area with a mix of new and heritage homes.

 MLS.ca.

#8 - $369,000

Address: 1103 Lockley Rd | Municipality: Esquimalt
Bedrooms: 2 | Baths: 1 | Square footage: 815

Searching for a condo but just the right house might pique your interest? This could be the one. Updated kitchen, updated bathroom, a new roof, rear lane access — plus a landscaped yard — make this two bedroom and one bathroom layout in Esquimalt's Rockheights neighbourhood perfect as a starter home close to downtown Victoria and within walking distance to a variety of amenities.

 MLS.ca.

#7 - $359,999

Address: 1222 Lyall St | Municipality: Esquimalt
Bedrooms: 2 | Baths: 1 | Square footage: unknown

#7 on our list is a little bit of an anomaly. No description of the home is available, other than its address, number of bedrooms and bathrooms, of which there are two and one, respectively, and photos indicate the home is empty (that's always nice). There is a decent sized yard, though, so if the location and the price are right, don't leave this home off your list.

 MLS.ca.

#6 - $350,000

Address: 518 Sumass St | Municipality: Victoria
Bedrooms: 3 | Baths: 1 | Square footage: 1,174

The first three bedroom home on our list clocks in at $350,000. And for a 1,174 square foot City of Victoria address within walking distance of a variety of amenities in the Burnside-Gorge neighbourhood, this is one to take into consideration. One note though, the third bedroom has a ceiling height of 5'10” and is tucked away in the attic. The home also features an unfinished basement that has potential to be upgraded and rented out or used for a teen's living area (or dad's man cave). Rear lane access makes parking easy, and for a family with kids, the next-door public playground will no doubt be a perk. The only downside for what is a relatively larger home is the single bathroom.

 MLS.ca.

#5 - $348,800

Address: 721 Admirals Rd | Municipality: Esquimalt
Bedrooms: 2 | Baths: 1 | Square footage: 884

Half way through our list of the 10 cheapest houses in Victoria's urban core we finally break the $350,000 barrier with this 1935 two bedroom, one bathroom, 884 square foot home in Esquimalt. If you work at CFB Esquimalt or NADEN, imagine being just minutes away from the gates. Admirals Road is currently undergoing a major upgrade which will help give the roadway a nice uptick in aesthetics. A variety of amenities are within walking distance, and you'll need them to keep that barbecue loaded on the nice deck overlooking a large yard. For under $350,000 in a neighbourhood undergoing gentrification and seeing interest from developers, this could be a good investment opportunity.

 MLS.ca.

#4 - $329,900

Address: 815 Old Esquimalt Rd | Municipality: Esquimalt
Bedrooms: 2 | Baths: 1 | Square footage: 1,021

Now we're talking. For under $330,000 this two bedroom, one bathroom Esquimalt home with a large yard is a fantastic alternative to a condo. An absolute perfect starter home with ample storage room, an attic and a basement, all within walking distance to West Side Village in Vic West and in pleasant strolling distance to downtown Victoria. The home is move-in ready, and despite its unassuming exterior, it packs quite a punch with over 1,000 square feet of usable living space.

 MLS.ca.

#3 - $319,900

Address: 2551 Prior St | Municipality: Victoria
Bedrooms: 2 | Baths: 1 | Square footage: 1,076

The Quadra-Hillside neighbourhood is full of amenities and is a short stroll to downtown Victoria. For just a hair under $320,000 this 1,076 square foot two bedroom, one bathroom home is a no-brainer for someone looking for a standalone house in the urban core of Victoria at a competitive price. A decently sized yard rounds out this listing.

 MLS.ca.

#2 - $299,900

Address: 271 Sims Ave | Municipality: Saanich
Bedrooms: 4 | Baths: 2 | Square footage: 1,871

Take it as it comes. This four bedroom, two bathroom 1,871 square foot home near the nexus of Tillicum Road and the Trans Canada Highway needs some serious elbow grease, but the possibilities are fantastic for the right buyer. Or just tear it down and build a brand new home on the nearly 6,000 square foot lot. Regardless, walking distance to Tillicum Centre and a quick drive to Uptown Shopping Centre is a perk, while the Galloping Goose cycling thoroughfare is nearby offering quick access to downtown Victoria.

 MLS.ca.

#1 - $299,000

Address: 778 Domion Rd | Municipality: Esquimalt
Bedrooms: 2 | Baths: 1 | Square footage: 778

Drumroll… we're finally at #1, officially the Urban Core's cheapest house! Clocking in at $299,000, this 778 square foot two bedroom and one bathroom home is situated on the border of Esquimalt and the City of Victoria's Vic West neighbourhood. But you'd better be ready for some upgrades as this 1912 home is starting to show
its age. C

 If new-build homes are more your style, you'll want to reference Citified's comprehensive new-build subdivision listings where you'll find active sales listings and planned developments throughout metropolitan Victoria.

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