When searching for a home in Victoria, one of the first decisions buyers face is whether to choose a move-in ready home or take on a fixer-upper. In 2025, this choice is more important than ever as buyers balance affordability, convenience, and long-term value. With demand rising for move-in ready homes in Victoria BC, understanding the trade-offs can help you make the best decision for your lifestyle and budget.
What Is a Move-In Ready Home?
A move-in ready home is exactly as it sounds — a property that requires little to no renovation before you can comfortably live in it. From updated kitchens and bathrooms to modern electrical and plumbing, these homes are designed for convenience.
Key benefits of move-in ready homes in Victoria BC:
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Immediate comfort with no major repairs needed
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Energy-efficient upgrades often included
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Modern finishes appeal to resale buyers
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Reduced stress and hidden costs compared to renovations
According to Zillow’s 2025 consumer report, buyers pay 4% more on average for move-in ready properties, proving the demand is strong nationwide — and Victoria is no exception.
What Is a Fixer-Upper?
A fixer-upper is a property that needs cosmetic or structural work to become fully livable or desirable. While they often come at a lower purchase price, they require a buyer willing to invest time, money, and effort.
Key benefits of fixer-uppers in Victoria:
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Lower initial purchase price
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Potential to build equity quickly through renovations
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Full control over design and finishes
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Ideal for investors or buyers with renovation skills
However, fixer-uppers also come with risks, including unexpected repair costs and longer timelines before move-in.
The 2025 Victoria Market: Data Snapshot
Victoria’s housing market in mid-2025 has shown clear trends:
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Move-in ready homes in Victoria BC are selling quickly, often receiving multiple offers due to their turnkey appeal.
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Fixer-uppers linger longer on the market, but attract investors and buyers seeking affordability in areas like Saanich, Esquimalt, and parts of Langford.
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Detached single-family homes in the Victoria Core average $1.33M as of July 2025 (up 3.3% year-over-year), while condos are around $563K (slightly down from 2024).
(VREB Market Data)
This creates opportunity: buyers priced out of move-in ready detached homes may find value in fixer-uppers, while families seeking convenience prioritize updated listings.
Pros and Cons: Side by Side
| Factor | Move-In Ready Homes | Fixer-Uppers |
|---|---|---|
| Price | Higher upfront cost | Lower purchase price |
| Timeline | Immediate move-in | Months of renovations |
| Customization | Limited changes | Fully customizable |
| Financing | Easier with traditional lenders | May need renovation financing |
| Resale Appeal | Higher demand | Depends on upgrades |
| Risk | Lower risk of surprises | Higher risk of hidden issues |
Who Should Buy a Move-In Ready Home in Victoria?
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Young families looking to settle quickly
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Busy professionals with no time for renovations
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Retirees downsizing to stress-free living
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Anyone prioritizing lifestyle and convenience over cost savings
Who Should Buy a Fixer-Upper?
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First-time buyers priced out of move-in ready homes
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Investors seeking long-term equity growth
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DIY-savvy buyers who enjoy renovation projects
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Buyers who want specific features not available in existing inventory
Financing Considerations in 2025
Banks in Victoria typically prefer lending on move-in ready homes, as they carry less risk. However, options like purchase plus improvements mortgages allow buyers to roll renovation costs into their mortgage — making fixer-uppers more accessible.
Brad’s Local Insight
With two decades of experience and a top realtor in Victoria BC, Brad Maclaren has seen both sides of the equation play out in Victoria. His advice:
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If you value time and simplicity, move-in ready homes are worth the premium.
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If you’re budget-conscious or investment-minded, a fixer-upper could be your gateway into Victoria’s competitive market.
Whether you choose a move-in ready home in Victoria BC or take on a fixer-upper project, the right decision comes down to your lifestyle, budget, and long-term goals. With market demand split between turnkey convenience and renovation opportunity, now is the perfect time to weigh your options carefully.
Ready to find your next home in Victoria? Contact Brad Maclaren Real Estate today to explore listings and discover the best path for your move.