Kelowna Condos Under $400K
This is where affordability meets livability. Under $400K opens up modern buildings, better locations, and condos you'll actually enjoy living in — not just tolerate.
Why Under $400K Is the Sweet Spot
Below $300K you're compromising. Above $500K you're paying a premium. The $300K-$400K range is where smart Kelowna buyers find the best value.
The Sweet Spot
$300K-$400K is where Kelowna's condo market opens up. You get real options — modern finishes, in-suite laundry, underground parking — without luxury pricing.
Biggest Selection
More inventory than any other price bracket. You'll have enough choices to be selective about location, building age, and amenities.
First-Time Buyer Friendly
At $375K with 5% down, your payment is ~$2,100/mo including strata. Comparable to renting a similar unit — but you're building equity.
Good Rental Returns
A $350K 1-bed or 2-bed rents for $1,600-2,000/mo. After mortgage and strata, your tenant is covering most of the carrying costs.
Condos Under $400K
19 condos available under $400K. Sorted by price.
215-920 Saskatoon Road
Entry-level condo in Rutland - one of the most affordable options in Kelowna. Perfect for first-time buyers or investors seeking rental income near UBCO.
314-669 Houghton Road
Budget-friendly 1-bedroom condo in Rutland. Great starter home or rental property with low monthly costs.
106-445 All Star Court
Affordable Rutland condo under $250K. Established building with solid strata. Walking distance to shops and transit.
513-2345 Butt Road
Most affordable condo in West Kelowna - just $250K! Perfect starter or investment. Near wineries and lake access.
127-877 Klo Road
Incredible value in Lower Mission - 2-bedroom under $270K! Steps to KLO Creek and Mission parks. Rare find at this price.
406-780 Houghton Road
Just under $300K - spacious 1-bedroom in well-maintained Rutland building. Top floor unit with views.
202-1483 Glenmore Road North
Affordable downtown Kelowna condo under $320K. Walk to shops, restaurants, and entertainment. Urban lifestyle at entry-level price.
307-3180 De Montreuil Court
Affordable Lower Mission living. Well-maintained 2-bedroom in quiet complex. Walk to South Pandosy shops and restaurants.
101-1055 Lawrence Avenue
Rare find - downtown 2-bedroom under $340K. Ground floor unit on Lawrence Avenue. Walking distance to Bernard Ave shops.
515-722 Valley Road
Steps from Knox Mountain hiking trails. Bright 1-bedroom with mountain views. Active lifestyle location.
307-3160 De Montreuil Court
Spacious 2-bedroom in sought-after Lower Mission. Updated unit with open layout. Easy access to beaches and trails.
305-3858 Brown Road
Excellent value 2-bedroom in West Kelowna. Updated unit with modern kitchen. Walking distance to shops and restaurants.
306-3850 Brown Road
Affordable 2-bedroom in central West Kelowna. Open layout with lots of natural light. Near transit and amenities.
102-780 Houghton Road
Spacious 2-bedroom condo in Rutland under $400K. Ground floor with patio access. Great for families or roommates.
3757 Brown Road Unit 103
Bright and updated 2-bedroom condo with lake views from the living room and sunroom. Open layout, granite countertops in the kitchen, and all newer appliances including new fridge, stove, new dishwasher, new washer/dryer, and a brand new water heater purchased April 2025. Polymer-core laminate flooring throughout with updated lighting and fresh touches. The sunroom offers a peaceful retreat with natural light and lake glimpses. Cozy gas fireplace for cooler months. Bonus walk-in closet with built-in shelving provides excellent storage. One covered & gated parking stall with ample street parking available. Full-sized storage locker with shelving and lighting included. Well-maintained strata with professional management. Monthly fee includes gas fireplace, water, sewer, garbage, gardening, and caretaker. No age restrictions and pets welcome. Steps to Crown & Thieves Winery, Truck 59 Ciderhouse, groceries, coffee shops, and more.
103-2477 Ingram Road
Ground floor 2-bedroom with private patio. Quiet Ingram Road location. Pet-friendly building with solid strata.
211-1249 Pacific Avenue
Spacious 2-bedroom downtown condo at an affordable price. Updated kitchen and bathrooms. Minutes to waterfront.
2207-2200 Upper Sundance Drive
Shannon Lake area condo with mountain views. Peaceful setting near golf courses. Great for outdoor enthusiasts.
208-3160 Casorso Road
Popular Casorso Road complex in Lower Mission. Bright corner unit with 2 bedrooms. Walk to Gyro Beach in minutes.
What Your Money Gets You
$219K - $300K
Entry Level- • Studios and 1-beds (450-650 sqft) in Rutland and older buildings
- • May need cosmetic updates but structurally sound
- • Best cash flow for investors at this price point
- • See all under $300K →
$300K - $400K
Sweet Spot- • Spacious 1-beds or smaller 2-beds (650-900 sqft)
- • Mix of updated older units and some newer construction
- • In-suite laundry, underground parking in many
- • Rutland, Glenmore, parts of downtown, West Kelowna
Where to Find Under $400K Condos
Rutland — Most Options
The most inventory under $400K in Kelowna. From older buildings at $220K to newer developments at $390K. Near UBCO for rental demand. See Rutland condos →
West Kelowna — Best Value
More space for your money than Kelowna proper. Wine country lifestyle, newer buildings, and improving amenities. See West Kelowna condos →
Downtown — Limited but Possible
Older 1-bed units in central buildings can be found under $400K. Smaller but unbeatable location. Walk to everything. See downtown condos →
What It Actually Costs Monthly
Compare to renting a similar unit at $1,600-2,000/mo — you pay more, but you're building equity.
Explore Other Price Ranges
Find Your Under $400K Condo
The best value condos move fast. Let me set you up with instant alerts for new listings in your price range and preferred neighbourhood.