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 like modern finishes, in-suite laundry and 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 a bit more, but you're building equity.
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