New Condos for Sale
Included below are the New condos and townhouse for sale in Kelowna. If you would like more information on any of these New Construction Condo listings, just click the "Request More Information" button when viewing the details of that property. We can provide you with plans, past sales history, dates and prices of condos recently sold in the building, and more.
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New Condo Options in Kelowna
The city of Kelowna in British Columbia is an excellent location to settle in and call its borders home for you and your family. The ever so popular condominium lifestyle is unique in the diverse landscape with beautiful landscapes of waterways, mountains, and trees. Urban amenities surround all of the neighbourhoods throughout Kelowna, making it a place of convenience and luxury.
With new condominium communities in the works and those that have been completed, there are many perks to purchasing a condo in Kelowna; however, navigating the plethora of options can be a little overwhelming. So many opportunities are available, all of which are great investments.
Developers in Kelowna know that their community is highly sought after because of the beautiful landscapes, the multitude of restaurants, community events, and employment opportunities. New developments are popping up left and right, so when you want to be in on the forefront of a brand-new community, there are a few things you need to think about.
Research is Due Diligence
Be sure to be a bit of a detective when you decide to purchase a pre-sale condo unit. Since the development has either not started or is only partially finished, being excited about its possibilities can overcome some new purchasers. The photos and plans look amazing, but will you be getting what you think you are purchasing?
It is easy to find information on developers. Most of the developers in Kelowna have completed numerous projects previous to the one you may be looking at currently. Look the developer up and scope out their past projects. Take a drive and even tour these previously built communities. You can find online reviews as well or ask around the city. It is easy to get information first hand from your fellow neighbours.
Pay Attention to Details
Before signing on the dotted line and putting down your deposit, be sure you know what exactly you are getting. With a pre-sale condo purchase, there is a lot of paperwork. Some come with standard finishes, while others you may choose custom finishes, so be sure to speak up and ask questions.
What exactly is included? Many condo communities include perks such as parking spaces, whether outside or underground or they may consist of landscaping and even cleaning services, so you need to know what you are purchasing. There are extra fees associated with the perks due to a condo association’s monthly dues, so be sure you have a precise monthly amount so you may budget accordingly.
Prepare Your Finances and Mindset for Delays
Often when putting down a deposit on pre-sale condos, the developer will ask that you put 5%-20% down, but you can make that in payments over time. Try not to take too long, however, as the balance will come due and you want to make sure you are prepared. Chuck away at your total balance at a comfortable pace so that when it is time to move in, you are still financially ahead of your game.
Developers will provide you with a pretty detailed timeline upfront when you purchase a pre-sale condo in a new development. But, as with any large project, there could be delays. In some cases, weather or backlog on building materials can delay a project. Remember, this is a large-scale project, and developers have to work diligently with zoning and permits, and sometimes that does not always happen as quickly as planned. Try not to worry too much when it feels as though it is taking too long. Be sure to speak up and ask questions so you are staying ahead of any real problems that may arise.
Buying a pre-sale condo in a new development is a great way to get the best of the best. When you buy into a new building, you know everything is the latest model, and you will get modern finishes. You will also have peace of mind you won’t need to do a bunch of repairs anytime soon. But you should remember to do your research and keep on top from contract to closing so you can be assured a great experience.
Already Built Units
Kelowna has a significant network of condominium developments already in place, so choosing one may be difficult. As with pre-sale condos, it is best to do your research and decide what option will be best for you. One of the best places to start is choosing a neighbourhood that works for you.
A variety of neighbourhoods are settled within Kelowna. From the downtown district to the University District, each region has its distinct qualities that can fit your lifestyle’s needs and wants.
Filled with beaches, parks, shopping and restaurants, the Lower Mission area of Kelowna is popular with families, young professionals, and retirees alike. The condo developments in this area boast incredible views of Lake Okanagan, nearby mountain regions and city skylines. With an abundance of outdoor activities just outside locals’ doors, the active lifestyle dominates the area. From fishing to paddle boarding, lots of residents spend their leisure time among nature.
The University District, also known as the UBCO, is more of a suburban neighbourhood with nearby amenities that satisfy everyday needs. Newly developed condominium communities and ones that have been established line the streets boasting mountain views while being settled amidst lush green landscapes and mature trees. Close to campus; this neighbourhood is popular with college students, as well as established families and professionals.
In the heart of the city, Downtown Kelowna is comprised of an eclectic mix of residents, including young professionals, families, and retirees. Bustling with activity, the most substantial part of the real estate is made up of condominium residences, all of which have amazing views. Proximity to locally-owned restaurants, nature activities, and family-friendly events creates an atmosphere of fun and relaxation mixed.
Whether you want in on the brand-new building or one that is established, the condominium lifestyle in all of Kelowna offers a great mix of convenience and adventure. Condo amenities including pools, fitness centers, parking, business centers, and convenience shops are desirable, so it is no surprise as to why Kelownians are flocking to move in and dive right into their adventures. Be sure to do your research and explore the area so you can find that perfect fit in the beautiful city of Kelowna, BC.