8 Two Bedroom Kelowna Condos Remain Under $500,000 (majority include TWO Parking)

Ascent in Kelowna’s Upper Mission features NINE remaining condos under $500,000. This includes the last remaining one-bedroom (approx. 659 sqft) and eight two-bedroom condos (957-1,010 sqft). This is incredible value and size compared to other new condos on the market.

If you're shopping for a new condo in Kelowna, Ascent in the Upper Mission deserves a spot at the top of your list.

With new pricing starting at $399,900, Ascent offers something that's becoming harder to find: spacious, move-in-ready condos in a desirable neighbourhood, at prices that make sense.

Here's what makes Ascent stand out:

• More space for your money. Two-bedroom homes offer approximately 957–1,018 sq. ft., while three-bedroom corner homes offer over 1,100 sq. ft.

• Competitive pricing. Select two-bedroom homes are priced from $459,900, with three-bedroom homes from $584,900.

• Parking included. Every home includes parking, with select homes offering two stalls.

• Built for efficiency. Step Code 4 construction, triple-pane windows and energy-efficient heat pumps with air conditioning.

• Extra peace of mind. Double Warranty protection, including 20-year structural coverage, plus a 5-Year Price Protection program.

• A great Upper Mission location. Close to schools, parks, trails and the growing Mission Village shopping area.
  

The bottom line. Value = what you get for your money: square footage, location, construction quality, included features and long-term peace of mind.

Kelowna’s condo market has created opportunities for buyers.

Why buying NOW makes sense:
Mortgage rates could be on the rise. The Bank of Canada increased its policy rate to 2.50% on October 28 and indicated further increases could be necessary.

At Ascent in Kelowna's Upper Mission, recent pricing adjustments have created an interesting opportunity. Select two-bedroom homes start at $459,900, with spacious layouts, included parking, energy-efficient construction and new-home warranty protection.

For buyers looking for a move-in-ready home, it's worth comparing today's Ascent pricing against both resale condos and other new developments. Be sure to factor in GST, applicable exemptions, strata fees and closing costs.

If you’re waiting simply because you think prices could fall, you may end up paying more interest. The best time to buy is when you find the right home at the right price with monthly payments that comfortably fit your budget.

Several Kelowna developers have adjusted pricing or introduced incentives to attract buyers, and Ascent in the Upper Mission is one development worth a closer look.

Ascent's Fall for Alpha promotion introduced new pricing on select move-in-ready condos, offering buyers more space for their money.

• 1-bedroom condos: From $399,900

• 2-bedroom condos: From $459,900, with select homes offering two parking stalls

• 3-bedroom condos: From $584,900, featuring spacious corner layouts with over 1,100 sq. ft.

And the value goes beyond the purchase price. Ascent offers energy-efficient construction, included parking, new-home warranty protection and a 5-Year Price Protection program.

More ways to save when buying new

Eligible buyers may also qualify for a Property Transfer Tax exemption or the federal first-time homebuyer GST rebate. Ascent offers an arrangement that allows qualifying first-time buyers to avoid paying the eligible GST rebate amount upfront, subject to conditions.

Kelowna has some fantastic neighbourhoods for condo living, but the best location really depends on your lifestyle, budget and what matters most to you.

Here are four areas worth considering:

• Upper Mission: Ideal for buyers looking for a quieter, residential setting close to parks, trails, schools and everyday amenities. A great choice for those who want a little more space without giving up convenience.

• Lower Mission: Popular for its beaches, recreation, shopping and established neighbourhood feel. Great for buyers who love an active lifestyle.

• Downtown Kelowna: Perfect for those who want restaurants, entertainment, shopping and the waterfront within walking distance.

• Glenmore: A convenient, centrally located option with access to schools, shopping, parks and major routes around the city.

Why the Upper Mission deserves a closer look

The Upper Mission has traditionally been known for its beautiful single-family homes, natural surroundings and family-friendly communities. But developments like Ascent are making this sought-after neighbourhood more accessible to condo buyers.

Located directly across from Mission Village at the Ponds, Ascent offers:

• Groceries, coffee, shopping and everyday essentials just across the street.

• Easy access to hiking and biking trails, parks, wineries and Okanagan Lake.

• Spacious, brand-new one-, two- and three-bedroom condos.

• Parking included, plus a clubhouse, fitness centre and community spaces.

• New pricing from $399,900, with select two-bedroom homes from $459,900.

  New Condos in Kelowna's Upper Mission+1

So, which Kelowna neighbourhood is best?

If walkable nightlife is your priority, downtown may be the answer. If being close to the beach matters most, explore the Lower Mission.

But if you're looking for a quieter neighbourhood, outdoor recreation, everyday conveniences and a spacious new condo at a competitive price, the Upper Mission — and Ascent in particular — is well worth exploring.