Condo
$798,000
1626 Water Street Unit# 1804
Kelowna North, Kelowna2 days on market
MLS® 10402147
1 / 32
$639,999
1626 Water Street Unit# 2803 Lot# 369
Kelowna North, Kelowna · MLS® 10403244
1 bed · 1 bath · 642 sq ft
Condo · Single Family · built 2025 · 1 day on market
Listed by Emily Coates, Sutton Centre Realty
Realtor's description
Welcome to Water Street by The Park, where luxury meets lifestyle in the heart of downtown Kelowna. Located in The Eli, this one-bedroom plus den residence offers contemporary Okanagan living just steps from the lake, yacht club, City Park, and vibrant downtown amenities. Thoughtfully designed interiors feature stunning views, premium finishes, integrated stainless steel Fulgor Milano appliances, marbled porcelain tile, luxury vinyl plank flooring, and sophisticated details throughout. Enjoy exclusive access to 42,000 sq. ft. of resort-style amenities, featuring over 23 thoughtfully curated spaces designed for year-round enjoyment. Stay active in the lakeview fitness centre, unwind in the yoga studio, sauna, and steam rooms, or perfect your game with the golf simulator and professionally designed putting greens. Entertain in style with a private theatre, games lounge, wine tasting room, and dedicated children's playroom—all just an elevator ride away. With Kelowna's best shopping, dining, entertainment, and waterfront attractions within walking distance, this exceptional location offers the convenience of a walkable lifestyle. Parking is available for purchase if desired. Whether you're seeking a full-time residence, an Okanagan retreat, or an investment in one of Kelowna's most desirable addresses, this is an outstanding opportunity to experience elevated condominium living at Water Street by The Park. Room measurements are approx. Images are for illustration only.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 642 sq ft
- Parking
- 0
- Year built
- 2025
- Strata fee
- $350 / mo ($0.55 / sq ft)
- Strata rules
- Pet Restrictions
- Days on market
- 1
- MLS®
- 10403244
Features
- Balcony
- Recreational Facilities
- Pet Restrictions
- Refrigerator
- Oven - gas
- Cooktop - Gas
Monthly cost
$3,138/mo
Mortgage $2,788 · Strata $350
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $1,597/mo
- After all costs
- −$1,704/mo
- Cap rate
- 2.0%
- yearly net rent ÷ price
Costs: mortgage $2,788 · strata $350 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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
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.
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