5 Affordable Condos in Kelowna: Budget-Friendly Condo Living

Kelowna, BC, offers stunning scenery, a mild climate, and abundant recreational activities. Buying an affordable condo in Kelowna can be an excellent option for those looking to call this beautiful place home. A variety of condos are available throughout Kelowna’s best neighbourhoods, enabling buyers to live in a comfortable and convenient home in a picturesque location. Moreover, the city offers a strong sense of community, abundant schools, and plenty of amenities.

Stay with us as we explore Kelowna's most affordable condos and share key information about this vibrant BC town.

Caban by Cressey

Caban by Cressey offers exceptional beachfront residences with resort-like amenities right on Okanagan Lake. The development’s solid concrete construction and premium finishings ensure a luxurious yet affordable living experience. It has 120 residences and seven Kelowna townhomes, some of which boast expansive outdoor living spaces. Top-notch amenities include an infinity lap pool, Himalayan salt sauna, fitness centre, pool house, and hot tub.

Designed by Meiklejohn Architects and Insight Design Group, Caban's architecture blends seamlessly with Okanagan Lake's natural surroundings. The interiors are meticulously crafted to maximize natural light and views, featuring modern design elements, premium materials, and comfortable living spaces. The condominium’s more affordable units measure between 600 and 1,400 square feet, with average prices ranging from $500,000–$800,000.

Situated near Gyro Beach, Caban offers a blend of leisure and urban lifestyle in Kelowna’s Lower Mission neighbourhood. Local amenities and attractions include Urban Fare, Boyce-Gyro Beach Park, Kelowna General Hospital, and The Fixx Cafe.

Park Place

Park Place is located at the intersection of Springfield Road and Dilworth Drive in Kelowna’s Springfield/Spall neighbourhood. The concrete-frame building was built in 2005 and spans 17 floors, with spacious balconies climbing up its spine. In addition to city and mountain views, residents enjoy a suite of amenities. These include an outdoor pool, hot tub, movie theatre, fitness centre, and library.

Park Place’s 103 residences often showcase open-concept layouts, plank hardwood flooring, and granite countertops. The low- and mid-floor units are among the most affordable condos in Kelowna, with two-bedroom floor plans measuring between 1,250 and 1,450 square feet and priced in the $600s. Larger high-floor apartments typically range up to $900,000.

Park Place is within walking distance of Orchard Park Shopping Centre and big-box stores like Real Canadian Superstore, Marshalls, Mark’s, and Best Buy. Residents can also access Mission Creek Regional Park and Mission Creek Greenway. Popular local amenities include Sandrine Bakery, The Keg Steakhouse & Bar, and White Spot Restaurant.

Executive House

Executive House is a 12-storey tower offering spacious balconies and unobstructed views in the lively Kelowna North neighbourhood. Completed in 1980, it was one of the first affordable condominiums in Kelowna. Homeowners enjoy a fitness room, outdoor pool, secured parking, and storage. They’re also within walking distance of Kelowna’s best shops and restaurants downtown.

Executive House’s 86 units provide a mix of affordability and quality, with traditional floor plans that may include open or galley kitchens. The interiors often feature hardwood floors, granite counters, and stainless steel appliances. The higher floors offer the best water and mountain views, but these come at a premium, starting at around $600,000 for a two-bedroom residence. The lower floors, however, provide exceptional value, with bright and airy spaces ranging from $300,000 to $600,000.

Top attractions and amenities within walking distance of Executive House include Little Hobo Soup & Sandwich Shop, Naked Cafe for vegan eats, and Safeway for everyday needs. 

Waterscapes

Waterscapes is a luxurious condo community located in the heart of Downtown Kelowna. It offers a resort-style experience with modern interiors and on-site amenities for a convenient lifestyle. The community consists of three structures: Waterscapes Skye Tower, which is the tallest one at 27 stories high, and two low-rise buildings named The Herons and The Osprey, each with their own unique features and amenities. All buildings were constructed using durable concrete materials, and the community was built in 2010.

Residents can enjoy the private shared club, The Cascade Club, featuring an outdoor pool, hot tub, and fitness centre. Additionally, there's a clubhouse with pool tables, televisions, and sofas for relaxation. The residences feature floor-to-ceiling windows, hardwood floors, fireplaces, and balconies. Condos at Waterscapes typically range from the $500s to approximately $900,000. 

Waterscapes is located right next to Okanagan Lake in Downtown Kelowna, making it ideal for exploring the area's top attractions. The Waterfront Boardwalk, Knox Mountain, and Prospera Place are all nearby, as are other points of interest, such as the French fine-dining restaurant Bouchons Bistro, the event-packed Kelowna Curling Club, and the beautiful gold-sand expanse of Tugboat Beach.

Brooklyn at Bernard Block

Brooklyn at Bernard Block is a luxurious yet affordable 25-storey condo tower near the heart of downtown. It boasts an ideal location with proximity to trendy shops, restaurants, and other amenities, all of which combine to make it one of the best condo communities in Kelowna. Completed in 2022, the condominium flaunts a modern design with high-end finishes and stunning vistas of the mountains and Okanagan Lake. It comes equipped with various amenities such as a rooftop terrace, fitness centre, and resident lounge, facilitating a comfortable and convenient lifestyle.

Brooklyn's residences feature high ceilings, floor-to-ceiling windows, and open-concept living spaces. Other standard appointments include white subway tiling, quartz countertops, and black fixtures. Prices generally start in the high $400s and range up to $900,000, though larger high-floor units can go for more.

Brooklyn at Bernard Block is ideal for strolling to fashionable cafes, upscale shops, and vibrant bars. Notable neighbourhood attractions include The Bohemian Café, Train Station Pub, and the Kelowna Downtown YMCA.

Sole Cawston

Sole Cawston is a boutique-style condominium steps away from the city’s vibrant Cultural District. It was completed in 2023, making it one of the newest affordable condos in Kelowna. Those moving to Kelowna will find this housing option lucrative due to Sole Cawston’s modern design and low-maintenance lifestyle. Spanning six stories, it offers one- and two-bedroom plus den homes ranging from 577 to 970 square feet. 

Sole Cawston’s premium amenities are a big draw for homeowners seeking a convenient and luxurious lifestyle. The 10,000-square-foot rooftop, Skyline Terrace, offers panoramic views of the city, mountains, and lake. This rooftop oasis also has alfresco dining, a communal garden, a firepit lounge, and a dedicated kids' play area. Prices start from the low $400s and may range to $700,000 or more.

Cultural highlights near Sole Cawston include the Kelowna Community Theatre, Kelowna Art Gallery, and Rotary Centre for the Arts. Additional amenities like Kelowna Yacht Club, BNA Brewing Co., and Waterfront Boardwalk are also nearby.

Choosing Between Kelowna’s Most Affordable Condos

Buyers should consider factors such as location, size, amenities, and overall condition to choose between the most affordable condominiums in Kelowna. Location is often a key factor, as proximity to schools, shopping, and other services makes for convenient living. Even when the budget is the main consideration, buyers should still evaluate the amenities and condition of the condominium carefully, including any necessary repairs or upgrades, as this can impact the overall value and long-term cost of ownership. By considering these factors, buyers can make an informed decision as they navigate Kelowna’s exciting condo scene.

If the opportunities in Kelowna excite you, contact the agents at KelownaHomes.ca at 250-999-9844 to get in touch with a local real estate agent who can help you find the perfect home in Kelowna today.