Condo
$589,999
1626 Water Street Unit# 2810 Lot# 376
Kelowna North, Kelowna1 day on market
MLS® 10403240
1 / 32
$599,999
1626 Water Street Unit# 3001 Lot# 386
Kelowna North, Kelowna · MLS® 10403305
1 bed · 1 bath · 512 sq ft
Condo · Single Family · built 2025 · listed today
Listed by Emily Coates, Sutton Centre Realty
Realtor's description
Live above it all at Water Street by The Park! Perched on the 30th floor of The Eli, this stunning one-bedroom residence offers an elevated Okanagan lifestyle with breathtaking views and a front-row seat to Kelowna's spectacular surroundings. Just steps from Okanagan Lake, City Park, the yacht club, and vibrant downtown, this exceptional home combines sophisticated design with an unbeatable location. Inside, discover contemporary finishes including integrated stainless steel Fulgor Milano appliances, elegant marbled porcelain tile, premium vinyl plank flooring, and thoughtfully designed living spaces that maximize comfort and style. Take luxury living to new heights with exclusive access to 42,000 sq. ft. of resort-style amenities featuring over 23 incredible spaces designed for year-round enjoyment. Work out in the lakeview fitness centre, unwind in the yoga studio, sauna, or steam rooms, and enjoy the golf simulator and professionally designed putting greens. Entertain guests in the private theatre, games lounge, or wine tasting room, all just an elevator ride away. Leave the car behind and embrace a truly walkable lifestyle, surrounded by Kelowna's best restaurants, boutiques, beaches, and entertainment. Parking is available for purchase if desired. Whether you're looking for a stylish downtown home, pied a terre, or an exceptional investment, this residence delivers a lifestyle that's truly above it all. 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
- 0
- MLS®
- 10403305
Features
- Balcony
- Recreational Facilities
- Pet Restrictions
- Refrigerator
- Oven - gas
- Cooktop - Gas
Monthly cost
$2,964/mo
Mortgage $2,614 · 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
- −$1,530/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $2,614 · 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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