Condo
$575,000
604 Cawston Avenue Unit# 509
Kelowna North, Kelowna1 day on market
MLS® 10403201
1 / 40
$559,900
1626 Water Street Unit# 3109
Kelowna North, Kelowna · MLS® 10395585
All units at 1626 Water St →1 bed · 1 bath · 542 sq ft · 1 parking
Condo · Single Family · built 2025 · 79 days on market
Listed by Rebekah Beaton, RE/MAX Vernon
Realtor's description
Views. Views. And more views from the 31st floor. For those who demand the finest in downtown luxury, choosing this home is more than a decision—it's a statement. Water Street places you steps from Okanagan Lake, the Yacht Club and City Park with Kelowna’s finest restaurants & boutique shop moments away. This immaculate 1-bdrm residence soars above the rest on the 31st floor offering breathtaking panoramic views of the lake, yacht club & city through its coveted north-facing exposure. The home is appointed w/superior-quality finishes that exude timeless elegance, including luxury integrated & stainless steel Fulgor Milano appliances, marbled porcelain tile, premium vinyl plank flooring & more thoughtfully curated details throughout. Impress your guests—or indulge in it all yourself—with access to 42,000 sqft of world-class amenities at The Deck. Over 23 thoughtfully designed spaces to explore, enjoy a fitness centre overlooking the lake, a tranquil yoga studio to find your flow & rejuvenating sauna & steam rooms to unwind & recharge. Perfect your swing on the state-of-the-art golf simulator or sharpen your short game on the professionally designed putting greens. From booking a private screening in the theatre to enjoying a game of pool, indulging in a wine tasting, or keeping the kids entertained in the vibrant playroom— just to name a few! Every experience is just an elevator ride away. 1 parking stall included. GST applicable.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 542 sq ft
- Parking
- 1
- Year built
- 2025
- Strata fee
- $274 / mo ($0.50 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 79
- MLS®
- 10395585
Features
- Central island
- One Balcony
- Pets Allowed
- Washer
- Refrigerator
- Range - Gas
Monthly cost
$2,713/mo
Mortgage $2,439 · Strata $274
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
- −$1,279/mo
- Cap rate
- 2.5%
- yearly net rent ÷ price
Costs: mortgage $2,439 · strata $274 · 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
2.6 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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