Yes it is a legendary but it can be breed and champion has it to
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volcarona may not be considered to be a legendary as it does infact evolve from a Pokemon called larvesta, but the Pokemon volcarona is considered to be a legendary Pokemon.
You can catch the main white legendary, Kyrugem, Virizion, Cobalion, Terrakion, Thunderous, Victini, Zorua, Zoroark, Volcarona, and Landorus.
You can get Volcarona by catching it at Relic Castle or making your Larvesta (if you have one) evolve into Volcarona starting from level 59.
Volcarona does not evolve. However, it evolves fromLarvesta at level 59.
In relic castle