Condo
$798,000
1626 Water Street Unit# 1804
Kelowna North, Kelownalisted today
2 bd2 ba869 sq ft
MLS® 104021471 / 40
$629,900
1089 Sunset Drive Unit# 416
Kelowna North, Kelowna · MLS® 10399221
3 bed · 2 bath · 1,126 sq ft · 1 parking
Condo · Single Family · built 2008 · 35 days on market
Listed by Josh Stettner, Realty One Real Estate Ltd
Realtor's description
TOP FLOOR, 3 bedrooms (all with windows!) & 2 bathrooms, CORNER UNIT, with peekaboo lake view in downtown Kelowna! This home features an open layout with updated flooring, connecting the living, dining, kitchen & deck areas. The kitchen cabinets have been touched up, complemented by granite countertops with bar seating & a custom built-in wine rack. The living room features a vaulted ceiling & an electric fireplace, while large windows fill the space with natural light. Step outside onto the expansive deck and enjoy a lovely peek-a-boo view of the lake, perfect for relaxing or entertaining. The primary bedroom comes complete with a walk-in closet and an ensuite featuring double sinks and a walk-in shower. This condo also includes one secure parking stall and a storage locker. As an owner, you will have access to the Cascade Club, which offers fantastic resort-style amenities, including an outdoor pool, two hot tubs, a BBQ area, billiards room, kitchen and lounge, and a fully equipped gym upstairs. Waterscapes also offers guest suites for visiting family and friends. Located in Osprey 1, you’re just steps from the beautiful Waterfront Park, its scenic boardwalk and the beach. Enjoy the convenience of being within walking distance to shopping, entertainment, restaurants, pubs, and even a local winery. This is an excellent opportunity to enjoy the Okanagan lifestyle in a fantastic waterfront community. QUICK POSSESSION POSSIBLE!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,126 sq ft
- Parking
- 1
- Year built
- 2008
- Property tax
- $2,802 / yr
- Strata fee
- $661 / mo ($0.59 / sq ft)
- Strata rules
- Pets Allowed, Pet Restrictions, Pets Allowed With Restrictions
- Days on market
- 35
- MLS®
- 10399221
Features
- Pets Allowed
- Recreational Facilities
- Pet Restrictions
- Pets Allowed With Restrictions
Monthly cost
$3,639/mo
Mortgage $2,744 · Tax $234 · Strata $661
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,713/mo
- After all costs
- −$1,178/mo
- Cap rate
- 3.0%
- yearly net rent ÷ price
Costs: mortgage $2,744 · tax $234 · strata $661 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ bedroom in Kelowna (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
Kelowna North, KelownaGoogle Maps ↗
Schools
Catchment schools, Central Okanagan School District 23
- Elementary Bankhead Elementaryhomes in this catchment
1.9 km away · 1280 Wilson Ave, Kelowna · 250-870-5114
- Middle Dr. Knox Middlehomes in this catchment
5.3 km away · 121 Drysdale Blvd, Kelowna · 250-870-5130
- Secondary Kelowna Secondaryhomes in this catchment
3.8 km away · 1079 Raymer Ave, Kelowna · 250-870-5105
From the Central Okanagan School District 23's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.
