What can I buy for 700k in Kelowna real estate?

One of the most common questions buyers ask is simple:
“What can I realistically get for around $700,000?”

It’s a fair question, and in Kelowna and West Kelowna, the answer isn’t always obvious until you start looking at actual real estate listings.

Here’s what that budget typically looks like in 2026, and where the trade-offs usually show up.

In Kelowna: Location Comes at a Premium

Around the $700,000 mark in Kelowna, buyers are often looking at:

Well-kept townhomes in desirable neighbourhoods
Smaller detached homes that may need some cosmetic updates
Larger condos in strong central locations

If being close to downtown, the waterfront, major shopping, or employment hubs matters most, this budget can still work — but you may sacrifice lot size or square footage to stay central.

In some areas, especially closer to the core, price per square foot reflects convenience. You’re paying for proximity.

In West Kelowna: More Space for the Same Budget

On the West Kelowna side, $700,000 can often stretch further.

Buyers may find:

Newer single-family homes in residential neighbourhoods
Larger lots
More modern layouts
Better value per square foot

For buyers who don’t need to commute across the bridge daily, this side of the lake can feel like a strong value play. The homes are often newer, and the neighbourhoods are built with families and space in mind.

The Trade-Offs Buyers Don’t Always Expect

This is where expectations matter.

At this price point, you may need to choose between:

Central location vs newer construction
Lake proximity vs quiet residential streets
Turn-key finishes vs room to build equity

Many buyers come in expecting to “get it all.” In reality, clarity around your top two priorities makes the process much smoother.

Market Conditions Matter Too

Inventory levels and competition shift throughout the year. When supply tightens, well-priced homes in this range move quickly. When inventory increases, buyers may have more negotiating room.

That’s why looking at current listings, not last year’s sales, is critical when setting expectations.

Is $700,000 Still a Strong Entry Point?

In both Kelowna and West Kelowna, $700,000 remains an active and competitive price bracket. It attracts first-time buyers moving up from condos, families relocating to the Okanagan, and downsizers looking for something manageable.

The key isn’t just what you can buy — it’s whether what you can buy fits your lifestyle.

If you’re wondering what your budget realistically opens up right now, I’m always happy to walk through current options and show you what’s actually available, not just what the headlines suggest. Get in touch with me today!