Condo
$599,999
1626 Water Street Unit# 3001 Lot# 386
Kelowna North, Kelownalisted today
MLS® 10403305
1 / 35
$589,999
1626 Water Street Unit# 2810 Lot# 376
Kelowna North, Kelowna · MLS® 10403240
1 bed · 1 bath · 512 sq ft
Condo · Single Family · built 2025 · 1 day on market
Listed by Emily Coates, Sutton Centre Realty
Realtor's description
Discover the best of downtown Kelowna living at Water Street by The Park. Located in The Eli, this stylish one-bedroom residence combines modern design, quality finishes, and an unbeatable location just steps from Okanagan Lake, City Park, the yacht club, and Kelowna's vibrant downtown. The thoughtfully designed interior features stunning views, integrated stainless steel Fulgor Milano appliances, elegant marbled porcelain tile, luxury vinyl plank flooring, and contemporary finishes that create a sophisticated yet welcoming space. Experience an exceptional lifestyle with access to 42,000 sq. ft. of resort-inspired amenities, offering over 23 thoughtfully designed spaces for relaxation, recreation, and entertainment. Start your morning in the lakeview fitness centre, recharge in the yoga studio, sauna, or steam rooms, and spend your afternoons enjoying the golf simulator or professionally designed putting greens. Host friends in the private theatre, games lounge, or wine tasting room, with a dedicated children's playroom adding even more convenience. Enjoy the freedom of a walkable lifestyle, with beaches, restaurants, shopping, and entertainment just outside your door. Parking is available for purchase if desired. Ideal as a primary residence, Okanagan getaway, or investment opportunity, this one-bedroom home offers an exceptional combination of luxury, convenience, and resort-style living in one of Kelowna's most exciting waterfront communities. Room measurements are approx. Images are for illustration only.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 512 sq ft
- Parking
- 0
- Year built
- 2025
- Strata fee
- $350 / mo ($0.68 / sq ft)
- Strata rules
- Pet Restrictions
- Days on market
- 1
- MLS®
- 10403240
Features
- Balcony
- Recreational Facilities
- Pet Restrictions
- Refrigerator
- Oven - gas
- Cooktop - Gas
Monthly cost
$2,921/mo
Mortgage $2,571 · 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
- −$1,486/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $2,571 · 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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