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Let’s say you have around $500,000 to spend on a home. In Kelowna, and the Central Okanagan, you will likely be looking at townhomes or an older home in need of work. After all, the average price of residential real estate in the Central Okanagan sits at $637,139.**
Every so often a gem of a single family home might pop up such as 3496 Elkridge Road in West Kelowna. On leasehold land in the quaint community of Elkridge, you will get a lot of home for your dollar.
West Kelowna - 3496 Elkridge Road $515,000
4 Bedroom / 4 Bathroom Single Family Home
This beautiful home was a former home, comes fully loaded and is nearly new.
For More Info: https://www.kelownarealestatepros.com/kelowna-real-estate-listings/3496-elkridge-court-westbank/
Listed By: Darcy Nyrose - Nyrose & Associates and Coldwell Banker Horizon Realty
Kelowna Townhomes Approximately $500,000
The average price of a townhome in the area is $502,914.** Within the area there are many excellent townhome communities, with several new communities under construction or coming soon. Townhome living can be very desirable in the Okanagan. The homes are generally quite spacious and usually will have outdoor living spaces.
West Kelowna - #4-2405 Tallus Green $534,900
3 Bedroom / 3 Bathroom Townhome
Brand new, move-in ready townhome in the popular Tallus Ridge neighbourhood. This townhome is part of an enclave of only 9 homes set in a private, natural environment.
For More Info: https://www.kelownarealestatepros.com/kelowna-real-estate-listings/4-2405-tallus-green-crescent-west-kelowna/
Listed By: Darcy Nyrose - Nyrose & Associates and Coldwell Banker Horizon Realty
West Kelowna - #59-2490 Tuscany Drive $515,900
3 Bedroom / 3 Bathroom Townhome
Like new 3-bedroom home in the Shannon Lake community of Era. This eco-smart home provides an excellent, spacious floor plan and a private, fenced yard. You’ll enjoy a beautiful
mountain and partial lakeview.
For More Info: https://www.kelownarealestatepros.com/kelowna-real-estate-listings/59-2490-tuscany-drive-west-kelowna-2/
Listed By: Darcy Nyrose - Nyrose & Associates and Coldwell Banker Horizon Realty
Lake Country - #1-12798 Lake Hill Drive $509,900
3 Bedroom / 3 Bathroom Townhome
Brand new, turn-key townhome with appliances, window coverings and air conditioning included. The floor plan features an open concept living space, 9 foot ceilings and a fully- finished garage.
For More Info: https://www.kelownarealestatepros.com/kelowna-real-estate-listings/1-12798-lake-hill-drive-lake-country/
$500,000 Homes in 5 Cities Across Canada
There are many factors that contribute to the price of real estate; one is supply and demand. As we know, Kelowna is a very desirable place to live with young professionals, families and retirees. The job opportunities continue to grow, and with many high-tech jobs being remote, Kelowna is often seen as one of the best places in Canada to call home.
We like to regularly check up on the price of real estate across Canada. For our out-of-town buyers comparing their current market with Kelowna can be of help. In addition, for our sellers who have to move out-of-town or out-of-province, this helps give an idea of what a home could cost in their new location.
521 1040 PACIFIC STREET, Vancouver, British Columbia **
1 Bedroom / 1 Bathroom Condo
Fantastic downtown location. A close walk to the seawall, cafes and more.
For More Info: https://www.realtor.ca/Residential/Single-Family/19871836/521-1040-PACIFIC-STREET-Vancouver-British-Columbia-V6E4C1
Listed By: Jason Hutchison - Oakwyn Realty Downtown Ltd
Sherwood Park AB - 63 Courtenay Drive $499,500**
3 Bedroom / 4 Bathroom Single Family Home
This is a large, 2 storey single-family home with a fully-finished walk-out basement. Located on a quiet cul-de-sac close to parks, schools and shopping.
For More Info: https://www.realtor.ca/Residential/Single-Family/19831959/63-COURTENAY-DR-Sherwood-Park-Alberta-T8A5S5-Craigavon
Listed By: Sonia Tarabay RE/MAX Elite
Clarington ON - 167 Courvier Cres - $500,000**
3 Bedroom / 3 Bathroom Single Family Home
Beautiful 3-bedroom home is close to schools, parks and shopping.
For More Info: https://www.realtor.ca/Residential/Single-Family/19705203/167-COURVIER-CRES-Clarington-Ontario-L1C0E6-Bowmanville
Listed By: Duane Wright - Re/Max Jazz Inc.
Ottawa ON - 2028 Frank Bender St. $509,000**
4 Bedroom / 4 Bathroom Single Family Home with Income Suite
Large home with adjoining income suite is perfect for a large family or those looking for an investment opportunity.
For More Info: https://www.realtor.ca/Residential/Single-Family/19762774/2028-FRANK-BENDER-STREET-Ottawa-Ontario-K1C1M6-Chateauneuf
Listed By: Guy Walker - Coldwell Banker First Ottawa Real Estate
Saint John NB - 16 Marlin Terrace $498,000**
3 Bedroom / 3 Bathroom Single Family Home
Large, updated 3-bedroom home with a chef's kitchen.
For More Info: https://www.realtor.ca/Residential/Single-Family/19402899/16-Marlin-Terrace-Saint-John-New-Brunswick-E2K2B6
Listed By: Noreen Russell - Royal LePage Atlantic
It’s always fun to look at homes across Canada, but I must admit, every time I do, I still feel fortunate that I get to call Kelowna home. If you’re looking for a home in Kelowna, whether you are over or under the $500,000 price range, give me a call, I’d love to help.
* Stats: Okanagan Mainline Real Estate Board
** Note: Since the time of publication, the information provided may have changed or the listing may have sold. The $500,000 price range can move quickly throughout Canada. We are using these homes as a reference and guide to provide an idea of what a $500,000 home looks like across the country.
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