1 / 40

$798,000

1626 Water Street Unit# 1804

Kelowna North, Kelowna · MLS® 10402147

2 bed · 2 bath · 869 sq ft · 1 parking

Condo · Single Family · built 2025 · listed today

Listed by Fil Strycharek, Vantage West Realty Inc.

DOWNTOWN LIVING, TRULY ELEVATED. Some are condos; others are residences that genuinely change how you experience Kelowna. Perched on the 18th floor of the newly completed Water Street by the Park, this SOUTH/EAST corner home offers exceptional design, expansive outdoor living & one of the most impressive amenity packages in the city. Inside, the floor-to-ceiling glass captures incredible morning sun & an open layout creates an effortless sense of space, complemented by wood cabinetry, quartz surfaces & premium Fulgor Milano appliances. Two well-separated bedrooms offer privacy, while heated bathroom floors add everyday comfort. Multiple access points extend the living space to nearly 500 sq. ft. of wraparound terrace, offering panoramic views stretching across Okanagan Lake, City Park, the William R. Bennett Bridge & surrounding mountains. Beyond your door, The Deck delivers nearly 42,000 sq. ft. of private resort-style amenities including a heated outdoor pool, two hot tubs, fitness centre, a yoga & spin studio, golf simulator, movie theatre, wine tasting room, sauna, steam room, art studio, business centre, a putting green, beautifully designed gathering spaces, plus a convenient dog run, dog wash & grooming station for four-legged residents. Steps from the waterfront, City Park, restaurants, shopping & downtown Kelowna. Exceptional lake views, exceptional amenities & exceptional value in one of Kelowna’s newest waterfront addresses. GST has been paid!

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 869 sq ft
Parking: 1
Year built: 2025
Property tax: $3,996 / yr
Strata fee: $462 / mo ($0.53 / sq ft)
Strata rules: Pets Allowed, Pets Allowed With Restrictions, Rentals Allowed
Days on market: 0
MLS®: 10402147

Above typical for the area (+30%)

Price per sq ft: $918 vs $706 median for condos in Kelowna North for sale (155)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Pets Allowed
Recreational Facilities
Pets Allowed With Restrictions
Rentals Allowed
Refrigerator
Oven - gas

Found among the listing photos.

On market 0 days

Listed now: 62 days; median for 511 condos for sale; this one listed today

Condos in Kelowna. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Central Okanagan School District 23

Elementary Bankhead Elementaryhomes in this catchment
2.0 km away · 1280 Wilson Ave, Kelowna · 250-870-5114
Middle Dr. Knox Middlehomes in this catchment
6.2 km away · 121 Drysdale Blvd, Kelowna · 250-870-5130
Secondary Kelowna Secondaryhomes in this catchment
2.7 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.

$4,272/mo

Mortgage $3,477 · Tax $333 · Strata $462

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$3,477/ monthly

loan $638,400

25-year amortization

down payment20% · $159,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $404,643
property transfer tax: $13,960; BC general rate
cash to close: $173,560; down + PTT
total paid: $1,043,043

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $2,098/mo
After all costs: −$2,376/mo
Cap rate: 1.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,477 · tax $333 · strata $462 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.

Kelowna North, KelownaGoogle Maps ↗