Kelowna Homes under $500,000

Kelowna Homes under $500,000

Welcome to Kelowna, a picturesque gem nestled in the heart of British Columbia, Canada. Renowned for its stunning landscapes, this vibrant city is framed by the majestic Okanagan Lake and surrounded by rolling vineyards and mountains, making it a haven for outdoor enthusiasts and wine lovers alike. With a mild climate that boasts warm summers and crisp winters, Kelowna is not just a destination; it's a lifestyle.

For those seeking to plant roots in this idyllic locale without breaking the bank, you'll be delighted to discover that Kelowna offers an array of homes under $500,000. This unique opportunity allows first-time buyers, families, and retirees to access the housing market in a city known for its quality of life. From charming townhouses and cozy condos to quaint single-family homes, there's something for everyone in this price range.

Imagine waking up to breathtaking views, enjoying leisurely strolls along the waterfront, or indulging in the local culinary scene, all while knowing you’ve made a smart investment in your future. The community is welcoming, with a range of amenities including parks, schools, shopping, and recreational facilities, ensuring that every resident feels right at home.

Whether you're looking to start your journey in real estate or simply want a serene place to call home, Kelowna invites you to explore its affordable housing options. Experience the perfect blend of urban amenities and natural beauty, all within your budget. Come discover the charm of Kelowna—your new home awaits!

Newest Kelowna Homes under $500,000

754 Wood Road, Kelowna
$379,000
2 Beds ⋅ 1 Baths ⋅ 10402620 MLS® #
*FINTRY GEM* Packed with potential and set on a generous 0.45-acre lot, this 2-bedroom home offers an exciting opportunity for first-time buyers ready to make something their own. With nearly 600 square feet of living space, it’s a manageable starting point with plenty of room to grow—both inside and out. The flat, tiered lot provides versatility for future ideas, whether you’re dreaming of gardens, outdoor living spaces, or additional storage. Lake views add to the appeal, while ample space allows for RVs, trailers, and all your toys without feeling crowded. Surrounded by nature and offering a sense of privacy, this property is ideal for those looking to enter the market at an accessible price point while building equity over time. It’s a blank canvas with a view—ready for your vision to take shape. (id:5764)

754 Wood Road, Kelowna

Listing courtesy of Vantage West Realty Inc..

1985 Burtch Road Unit 24, Kelowna
$489,900
3 Beds ⋅ 2 Baths ⋅ 10402436 MLS® #
Priced to sell with great value!! Fresh updates, private outdoor space, and a convenient central location make this bright 3-bedroom, 1.5-bathroom townhome a wonderful place to call home. Located at the back of the complex off of all busy roads, this family-friendly, well-managed complex is close to everyday amenities and outdoor recreation. The redesigned kitchen features an island and stainless steel appliances, complemented by updated windows and flooring throughout. In-unit laundry and wall-mounted A/C add everyday convenience, while the spacious private outdoor area provides room to relax, entertain, and spend time with family and friends. Enjoy generous green space throughout the complex, a playground right outside your door, and the summer farmers’ market within walking distance. Low strata fees and a well-maintained community add to the appeal. Two parking spaces are included, with the potential to accommodate a third vehicle depending on size, plus a storage locker for extra convenience. Exceptionally pet-friendly bylaws welcome up to two dogs with no size restrictions. With no rental or age restrictions, this updated townhome is an appealing option for homeowners and investors alike. Book your viewing and discover the space, convenience, and welcoming community this home has to offer! (id:5764)

1985 Burtch Road Unit 24, Kelowna

Listing courtesy of Coldwell Banker Horizon Realty.

9020 Jim Bailey Road Unit 79, Kelowna
$260,000
3 Beds ⋅ 2 Baths ⋅ 10401777 MLS® #
Beautifully updated and move-in ready! Welcome to #79 in BelAire Estates. This spacious 3-bedroom, 2-bathroom double-wide home sits on a great lot in prime Lake Country location. Built in 1997 with numerous major upgrades, including: new furnace and A/C (2024), roof replacement (2018), full Poly-B plumbing replacement (2025), hot water tank (2025), toilets, gutters, downspouts, stairs, deck repairs, and screen door. Also, new flooring just this year! Inside you’ll find a bright kitchen with stainless appliances, skylight, and direct deck access — ideal for entertaining. The primary bedroom features a 4-piece ensuite, while two additional bedrooms share another full bathroom. Great sized, functional laundry room as well. Outside, enjoy a private deck surrounded by mature cedars, generous yard with multiple garden boxes, storage shed, and abundant blackberry and raspberry bushes. Located just off Beaver Lake Road, this home is close to three lakes, shopping, restaurants, UBCO, and only 10 minutes from Kelowna International Airport. Perfectly updated and ready for its next happy owner! (id:5764)

9020 Jim Bailey Road Unit 79, Kelowna

Listing courtesy of 2 Percent Realty Interior Inc..

1057 Frost Road Unit 302, Kelowna
$499,900
2 Beds ⋅ 2 Baths ⋅ 10402579 MLS® #
Fall For Alpha. Big Price Drops This October. Corner, 2-Bedroom, approx. 1,010 sqft Merlot floorplan in Alpha includes 2 Parking and Exceptional NEW PRICE. Spacious one-level living in a quiet, safe, and convenient neighbourhood. Shopping right across the street at Mission Village at the Ponds, trails outside your door, and the exclusive Community Building keeps you active and connected with a gym, games room, kitchen, and more. Now priced at $499,900 this is exceptional value for a spacious 2-bed corner condo. Life fits here. Open concept kitchen with island, dedicated desk nook, large entry, corner patio, full laundry room. Pet friendly. All of this is backed by Highstreet’s 20 year new home warranty. Condos Eligible for Property Transfer Tax Exemption. Photos & virtual tour are of a similar home, features may vary. Own Now. Visit the sales centre this Saturday 11am -3pm located in the Bravo Building (1111 Frost Road) (id:5764)

1057 Frost Road Unit 302, Kelowna

Listing courtesy of REMAX Kelowna.

1083 Sunset Drive Unit 211, Kelowna
$479,000
2 Beds ⋅ 2 Baths ⋅ 10402457 MLS® #
Experience downtown Kelowna living at Herons at Waterscapes! This freshly updated 2 bedroom, 2 bathroom second-floor condo offers a functional split-bedroom layout with added privacy and a bright, open-concept design. The kitchen features shaker-style maple cabinetry and stainless appliances. Quartz countertops are throughout the unit along with beautiful fir wooden doors. The spacious primary bedroom easily accommodates a king-size bed and includes a 4-piece ensuite. Step outside onto the covered deck, perfect for BBQing and enjoying the surroundings. Located just steps from Okanagan Lake and Tugboat Bay, you can easily walk to downtown Kelowna's restaurants, craft breweries, Prospera Place and the Cultural District. Residents also enjoy access to the Cascade Club, featuring approximately 4,000 sq. ft. of amenities including an outdoor pool, two hot tubs, BBQ area, fitness and yoga rooms, billiards, putting green and library. Complete with one underground parking stall and a storage locker, this is an excellent opportunity to enjoy the Okanagan lifestyle in one of downtown Kelowna's most convenient locations. Pet friendly and rentals permitted. Quick possession available! (id:5764)

1083 Sunset Drive Unit 211, Kelowna

Listing courtesy of Real Broker B.C. Ltd.

1057 Frost Road Unit 110, Kelowna
$464,900
2 Beds ⋅ 2 Baths ⋅ 10402586 MLS® #
110 - Ground Floor, 2 Bed Condo with TWO PARKING and approx. 980 sqft now priced at $464,900 Fall For Alpha - New Pricing On Now (limited time). Move-In Ready in Kelowna's Upper Mission, across from Mission Village at the Ponds. Offering a spacious design with beds on opposite sides of living area. Primary has walk-thru closet & ensuite while 2nd bed offers direct entry into the 2nd bath. Open concept kitchen with island. Desk nook. Full laundry room. Living at Ascent means access to the Ascent Community Building, featuring a gym, games area, kitchen, patio & more. Pet lovers will appreciate the flexibility of allowing 2 pets. Desirable, peaceful Upper Mission Location close to hiking/biking and across from amenities at Mission Village at the Ponds. Excellent price, value, location, and build. All of this is backed by Highstreet’s 20 year new home warranty. Condos Eligible for Property Transfer Tax Exemption. Photos & virtual tour are of a similar home, features may vary. Own Now. Visit the sales centre this Saturday 11am -3pm located in the Bravo Building (1111 Frost Road) (id:5764)

1057 Frost Road Unit 110, Kelowna

Listing courtesy of REMAX Kelowna.

2350 Stillingfleet Road Unit 113, Kelowna
$444,444
2 Beds ⋅ 2 Baths ⋅ 10402481 MLS® #
Located in the well-established and highly sought-after Guisachan Village, this desirable 2-bedroom, 2-bathroom home offers peaceful east-facing views and a quiet setting. With 1075 sq. ft. of living space, this spacious unit combines comfort and convenience in one of Kelowna’s most popular communities. The updated kitchen features quartz countertops, new fixtures, new stainless steel appliances, updated lighting, and new flooring. The bright, open floor plan welcomes you with a cozy living room, fireplace and dining area. The generous primary bedroom is being used as a den and access to the private east-facing patio. The second bedroom is also oversized and is conveniently located near the second full bathroom, which features a new quartz countertop, cabinets and plumbing fixtures. Practicality continues w/ brand new washer & dryer. This home also includes a dedicated storage unit and one underground parking stall. Residents enjoy fantastic amenities including an inground pool, hot tub, change room, and barbeque area by the pool. Pets are welcome. Located close to transit, shopping, and all the conveniences of Guisachan Village, including Daniel Chocolates, Starbucks, a medical clinic, groceries, pharmacy, banking, liquor store, dry cleaners, gift shops, and more, you’ll love the walkable lifestyle this home provides, You are just a 10-minute walk to Okanagan Lake, the beach, nearby parks, and hospital. Come discover why so many people love calling Guisachan Village home. (id:5764)

2350 Stillingfleet Road Unit 113, Kelowna

Listing courtesy of Royal LePage Kelowna.

3000 Richter Street Unit 6, Kelowna
$499,900
3 Beds ⋅ 3 Baths ⋅ 10402303 MLS® #
Location - Location ""Lower Mission - Pandosy Village"". Spacious 2 Level End Unit Townhouse - 3 Bedrooms, 3 Bathrooms with 1827sqft of Living Space, plus an additional 122sqft Covered Deck with Storage Space. The Main Level - Living Space offers a nice sized Kitchen, Dining and Livingroom with Covered Deck access, King sized Primary with Ensuite, an additional Bedroom and Full Bathroom. The Lower Level - Private Living Space offers another King sized Bedroom & ample Closet Space, Family Room/Rec Space which could easily become a 4th Bedroom, another Bathroom with Shower and Laundry. Unit has 1 Covered Parking Stall assigned with a 2nd stall unassigned thru strata (if available). Plenty of Living Space here - bring your creativity and ideas then enjoy everything the Lower Mission & Pandosy Village has to offer. Strata updates: roof 2014, exterior windows and doors soon after. Just a short walk to Okanagan Lake Beaches & Parks, Okanagan College, services, shopping and entertainment. Measurements taken from strata plan and iguide - verify if important. Make #6 your ""Home"" or ""Investment Property"". Book your showing today! (id:5764)

3000 Richter Street Unit 6, Kelowna

Listing courtesy of REMAX Kelowna.

1675 Thayer Court Unit 3, Kelowna
$499,000
2 Beds ⋅ 2 Baths ⋅ 10401740 MLS® #
What if you didn't have to choose between location, space, storage or parking? In this Glenmore home, you don't have to. PARKING & STORAGE - Garage + second designated stall: parking for two, no circling for street parking - Secure storage closet off the garage: extra gear stays outside the house - Large storage room: fits a freezer, cold storage and household extras, organized and out of the way MAIN FLOOR - Separate kitchen: cooking mess stays out of the living space - Dedicated dining room: no table squeezed into another room - Open dining and living area: room to entertain - Private patio: fits a barbecue and outdoor dining table UPSTAIRS - Two large, bright bedrooms - Primary: walk-in closet and direct access to the 4-piece bathroom - Primary has room for a desk, reading chair or yoga space FINISHED BASEMENT - Flexible space: home office, gym or media room - Potential 3rd Bedroom - Plumbing ready for a powder room, or add a 3-piece bath - In-suite laundry 3-FLOOR LIVING - Main floor: living space - Top floor: space to relax and unwind - Basement: make your own PEACE OF MIND - Hot water tank under 3 years old: one less replacement to budget for LOCATION, NORTH OF HWY 97 - 10-minute walk to the new Parkinson Rec Centre - 15-minute walk to Bankhead Elementary, the Farmers' Market and Ray's No Frills - Quick ride to the Rail Trail and Downtown Kelowna Book a showing and discover all the compromises you won't have to make. (id:5764)

1675 Thayer Court Unit 3, Kelowna

Listing courtesy of Century 21 Assurance Realty Ltd.

920 Glenwood Avenue Unit 208, Kelowna
$494,999
2 Beds ⋅ 2 Baths ⋅ 10402310 MLS® #
Spacious, inviting and tastefully updated, this two bedroom plus den home offers a generous layout with room to relax and entertain. Split-plan bedrooms with both featuring walk-in closets and ensuite bathrooms, while the bright den with french doors provides flexible space for an office or hobbies. The kitchen includes stainless steel appliances and a comfortable and cozy breakfast nook. Open plan living is complemented by ample space for a formal dining area with built-in cabinetry with a granite top. Large laundry room with built-in shelving and built-in vacuum too! Updates include flooring, bathroom quartz vanities and tile, lighting, blinds, air conditioning and paint. Step onto the covered south-facing sunroom to enjoy peaceful views of mature trees and green space, a lovely setting for morning coffee or a quiet afternoon. Ideally situated within walking distance of the beach, schools, hospital and shops, this central location puts everyday conveniences close at hand. Residents enjoy an impressive range of amenities, including a clubhouse and games room with billiards, exercise room, workshop, secure underground parking, community garden beds, RV parking, guest suite and common BBQ courtyard. An activity room on the same floor as this unit offers a library and a quiet space for crafts or puzzles, adding to the welcoming community atmosphere. This complex has it all! (id:5764)

920 Glenwood Avenue Unit 208, Kelowna

Listing courtesy of Royal LePage Kelowna.

547 Yates Road Unit 211, Kelowna
$420,000
2 Beds ⋅ 2 Baths ⋅ 10401951 MLS® #
Priced under assessed! Looking for two parking stalls at the Verve? That’s the kind of feature that makes everyday life a whole lot easier. This move-in-ready 2-bedroom, 2-bathroom condo offers roughly 900 square feet of comfortable living space, making it a great fit for students, parents of students, investors, roommates, or a professional couple. The two parking stalls are a standout find, especially in a community where parking can be hard to come by. Inside, the functional layout provides two bedrooms and two full bathrooms, offering flexibility for roommates, guests, or a home office. A bright an open living room is great for relaxing or entertaining and a large galley kitchen provides plenty of storage and counter space! Stainless appliances add a timeless touch, and a brand new washer and dryer mean a few big ticket appliances are taken care of! When it’s time to relax and enjoy the Okanagan sunshine, the Verve delivers with an impressive lineup of amenities, including a pool, volleyball area, and BBQ spaces. The location keeps daily errands and commutes convenient with easy access to buses, schools, shopping, and downtown. Whether you’re looking for a convenient home base, an investment opportunity, or a place to share, this condo brings together flexibility, amenities, and those highly sought-after two parking stalls. Come take a look! (id:5764)

547 Yates Road Unit 211, Kelowna

Listing courtesy of Vantage West Realty Inc..

1770 Richter Street Unit PH 18, Kelowna
$469,900
2 Beds ⋅ 2 Baths ⋅ 10402444 MLS® #
Top-floor living with soaring 12' ceilings and views over the courtyard and green space of Rowcliffe Park! This bright 2-bedroom, 2-bathroom corner unit offers 770 sq. ft. of thoughtfully designed space, with an open layout and large windows welcoming plenty of natural light. The contemporary kitchen features upgraded stone countertops, two-tone cabinetry, stainless steel appliances, a tile backsplash, and an island with seating. Connected dining and living areas make everyday living and entertaining easy, while the covered balcony offers a relaxing spot for morning coffee overlooking the green space. The primary bedroom includes an ensuite with a glass-enclosed shower, complemented by a second bedroom, full bathroom, and in-suite laundry. A parking stall and storage locker are included. Enjoy park-side living with convenient access to downtown Kelowna via the nearby pedestrian and cycling overpass, connecting you to downtown shops, dining, and amenities. (id:5764)

1770 Richter Street Unit PH 18, Kelowna

Listing courtesy of REMAX Professionals (NA).

Start Your Search