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$424,900
Neighbourhood: Kelowna South
2
Beds
2
Baths
1,350
Sq.Ft.
1990
Year Built
1
Day on Site
10286467
MLS
Top Floor! This beautifully updated home is one of the largest in the Wedgewood development. Enjoy the mountain views from the enclosed balcony perfect for extended living space. The primary bedroom...
$489,900
Neighbourhood: Dilworth Mountain
2
Beds
2
Baths
1,011
Sq.Ft.
1997
Year Built
1
Day on Site
10286216
MLS
This 2-bedroom split plan condo in Meadowbrook Estates offers the ultimate in comfort and convenience. The primary bedroom is complete with dual closets and a 4 pce ensuite. The second bedroom has a...
$549,000
Neighbourhood: Kelowna South
2
Beds
2
Baths
974
Sq.Ft.
2021
Year Built
1
Day on Site
10286323
MLS
Discover the pinnacle of elegance at #410 1165 Sutherland Avenue, Kelowna. Perfectly positioned across from the bustling Capri Mall and a mere 5 minutes from the vibrant heart of downtown Kelowna,...
$559,000
Neighbourhood: Lower Mission
2
Beds
2
Baths
1,181
Sq.Ft.
2007
Year Built
1
Day on Site
10286491
MLS
Welcome to Mission Meadows, where you'll find the perfect opportunity to live in the highly sought-after Lower Mission area. This delightful 2nd-floor condo offers 2 bedrooms and 2 bathrooms with a...
$599,900
Neighbourhood: Springfield/Spall
2
Beds
2
Baths
1,266
Sq.Ft.
2001
Year Built
1
Day on Site
10286503
MLS
PRICE IMPROVEMENT!! Discover contemporary elegance in this 1260+ sqft condo with 2 spacious bedrooms and 2 modern bathrooms. Situated on the ground floor, it's a charming corner unit that offers...
$1,550,000
Neighbourhood: Lower Mission
2
Beds
2F11/2
Baths
2,221
Sq.Ft.
2020
Year Built
1
Day on Site
10286475
MLS
Semi-Lakeshore sub-penthouse offering high end luxury with stunning lake, mountain and creek views from all rooms and the massive deck with access from the great room and the primary bedroom. Large...
$564,900
Neighbourhood: Kelowna North
2
Beds
2
Baths
847
Sq.Ft.
2009
Year Built
1
Day on Site
10286560
MLS
Located in vibrant downtown Kelowna just steps to Okanagan lake! Recently renovated top floor 2 bed, 2 bath condo has vaulted ceiling and a sought after split bedroom floor plan. Enjoy your morning...
$464,900
Neighbourhood: Kelowna South
1
Beds
1
Baths
603
Sq.Ft.
2018
Year Built
5
Days on Site
10286286
MLS
Welcome to #PH15 1770 Richter Street! Located in Kelowna South at Central Green One, this top floor (penthouse), 1-bedroom, 1-bathroom unit features a modern design, with open concept living. The...
$1,299,000
Neighbourhood: Kelowna North
3
Beds
2F11/2
Baths
1,373
Sq.Ft.
2021
Year Built
5
Days on Site
10279647
MLS
Absolutely incredible 3 BEDROOM luxury condo in ONE WATER ST! Spectacular views with incredible amenities. West corner, 2 parking spots & storage locker. This luxurious condo has an open plan with...
$1,049,000
Neighbourhood: Lower Mission
2
Beds
2
Baths
1,139
Sq.Ft.
2024
Year Built
5
Days on Site
10286336
MLS
Assignment Sale at the SOLD OUT CABAN by Cressy! Discover beachfront luxury at Caban, an exquisite testament to Cressey's commitment to excellence. This meticulously crafted 2-bedroom, 2-bathroom...
$599,000
Neighbourhood: Kelowna North
1
Beds
1
Baths
603
Sq.Ft.
2022
Year Built
5
Days on Site
10286353
MLS
Stunning like-new one bedroom + den in Kelowna's most exciting community, ONE Water Street. This 600+ sqft home is spotless from top to bottom, and includes every possible upgrade. Floor-to-ceiling...
$489,000
Neighbourhood: Rutland North
3
Beds
1
Baths
1,079
Sq.Ft.
1977
Year Built
5
Days on Site
10286364
MLS
Step into this pristine, completely renovated, 3-bedroom, 1-bathroom condo, modern seamless open-concept floor plan, completely updated from ceilings to floors with new drywall, electrical wiring,...

Kelowna Condominums For Sale

The numbers are pretty easy to figure out. There are 380 units on the market (freehold/non-fractional interest) and there were 2528 sales last year in 2016. That works out to a 1.5 month supply of inventory for sale which is a very active market. The reasons should be obvious but we have a lot of owners who buy condos here but only visit a few times a year and they sit empty most of the time. We also have a lot of people in their prime earning years who want to have their toe in the market for the purposes of retirement down the road and a condo purchase with a stable tenant makes sense for them. With a ridiculously tight rental market we’re experiencing, units are rented out immediately as soon as a listing hits the internet. Finding a rental unit these days in Kelowna almost requires knowing someone who knows someone.

 Prices nowadays range from about $165,000 for a one-bedroom unit on Hollywood Road in Rutland up to over 2 million for a unit in the Centuria downtown or luxury units on the lakefront. And hundreds in between. Kelowna Condos cater to the just-starting-out crowd as well as those downsizing after the kids move out. Some units are pet friendly and some cater to senior citizens. A condo buyer has so many options today there probably has never been a better time to jump into the market.

Traditionally strata properties were marketed to the first time buyer crowd who couldn’t afford to get into the market and the last time buyer crowd downsizing who didn’t want the responsibilities of a detached house. This has certainly changed over the years especially in Kelowna with many out of towners buying a condo as a second residence using it as a rental or place stay when they visit. Regardless of what age you are, if you’re considering buying a condo it’s really important to know what you’re getting into.

Kelowna Condo Buying Tips

Age, pet, and rental restrictions are the first thing you need to know about. If you have a pet, or if you think you might want a pet, it’s important to know what’s allowed and what isn’t. Same for renting. Same for parking. Same for a lot of other things. I have a client who moved to Meadowbrook apartments on Enterprise after retiring here from Whitehorse a few years ago. He was a card player looking for a quiet lifestyle and wanted to join a good bridge club. This is fairly typical and every realtor has come across this type of buyer….just substitute bridge player for the quilter, bowler, square dancer, etc. This particular buyer also wanted a private deck on the top floor where he could smoke cigarettes in peace and quiet. Again, not uncommon, and let’s not judge anyone here. Imagine his horror though two years later when his strata wanted to pass a bylaw prohibiting smoking everywhere. Luckily for him, the resolution failed because he would have moved out.

Most strata board people I’ve come across are run by reasonable people who know what they’re doing and are willing to volunteer their time freely answering my questions and giving forthcoming information on their little micro-communities. They understand how to read financial statements and are aware of the issues in their building. I’ll even go further and say that most people who live in strata-titled properties are generally happy homeowners who like condo living.

If you are thinking of buying into a condo you really do need to take the time to read all the minutes of the strata board and past annual general meetings to familiarize yourself to the culture. Everyone hears about the horror stories about a crazy person in a building causing trouble for other owners but these people are few and far between. Reading strata minutes and bylaws might take a while but I promise you will be glad you did. If reading dry documents aren’t your cup of tea any Realtor or real estate lawyer will read and explain things to you and you will be able to make an informed decision.

For a complete list of condos and townhomes in Kelowna

Call Andrew Smith directly at 250-979-8066. Over 22 years of experience helping people achieve their dream of homeownership!

Call  Condo Expert

Andrew Smith 250-979-8066