There are a lot of condos for sale in Kelowna right now, but that doesn't mean they're all good buys. If I were buying a condo here today, these are the five I'd look at first, from the higher end of the market down to the entry level. Some are older and don't have the flashiest amenities, but when I weigh location, monthly costs and how well they work for the person living there, they make a lot of sense.
Unit 505 at 3865 Truswell Road is a top-floor, two-bed, three-bath loft unit built in 2012 with over 2,000 square feet. It's a great fit for someone downsizing from a large home who doesn't want to give up space. The primary bedroom is on the main level, the kitchen is huge, and there's central air, a gas fireplace and ceilings up to 23 feet in the living area. You're across from the lake and a park, with Mission Creek and the greenway behind the building. Strata fees are about $538 a month, and the building has a pool, hot tub, putting green, gym and meeting room.
Unit 303 at 3409 Lakeshore Road was built in 2024 and has just under 1,100 square feet with two bedrooms and two baths. Strata fees are about $560 a month. The finishes are very high-end, similar to Aqua 2 and 3, and the bedrooms sit on either side of the living area, which is one of my rules of thumb for a good condo. The building has a pool, hot tub, gym, a full sauna and fire pits, with Gyro Beach across the street and shops below. The units are zoned for Airbnb, which is useful if you split your year between places. This particular unit faces the quiet back side rather than the more exposed fishbowl-style side.
Unit 204 at 5300 Main Street is a brand new three-bedroom, two-bath condo of almost 1,500 square feet with strata fees of only about $370 a month. It has central air and heat, its own hot water tank, a walk-through closet in the primary suite, and a large balcony. For the size and price I think it's great value. The catch is that Kettle Valley is at the far south end of the city, so it's best if most of your time is spent in the south end and you can live with the morning and afternoon traffic.
This top-floor, two-bed, two-bath unit of over 1,200 square feet was built in 1997, with strata fees of $491 a month. The location is very central: walking distance to shopping, close to the bus, a quick trip downtown and to the airport. The bedrooms are on opposite sides, there's a separate laundry room, and the previous owners have done a great job with new flooring and paint. It's private and move-in ready, and the building has a hotel-like feel with a pool and meeting room in the middle of the complex. It's one of my top picks.
This two-bed, two-bath condo at 3842 Gordon Drive is just over 1,000 square feet, built in 1990, with strata fees of $417 a month. It's one block from Okanagan Lake and walking distance to the H2O Centre and a library, large dogs are allowed, and the complex has a pool, gyms and a dog park. To be fully transparent, I own a unit in this complex. The bedrooms are back to back, which doesn't match my usual criteria, but at under $400,000 you can't be too picky. The unit has been nicely updated, and condos here have taken a hit from their peak, with one selling at the very top of the market for $550,000. I sold one for $455,000 in 2023. If I were getting into the market, this is one I'd consider.
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