Condo
$599,999
1626 Water Street Unit# 3001 Lot# 386
Kelowna North, Kelownalisted today
MLS® 10403305
1 / 32
$609,999
1626 Water Street Unit# 3605 Lot# 444
Kelowna North, Kelowna · MLS® 10403253
1 bed · 1 bath · 514 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. Located in The Eli, this residence is elevated Okanagan living just steps from the lake, yacht club, and City Park. A contemporary interior is offering stunning views. Superior-quality finishes including integrated, stainless steel Fulgor Milano appliances, marbled porcelain tile, premium vinyl plank flooring, and thoughtfully curated details throughout. Impress your guests and enhance your lifestyle with access to 42,000 sq ft of resort-style amenities designed for all year enjoyment. Over 23 thoughtfully designed spaces created for daily use, including a fitness centre overlooking the lake, yoga studio to find your flow and rejuvenating sauna & steam rooms for an “at home” spa experience. Perfect your swing on the 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 little ones entertained in the vibrant playroom—every experience is just an elevator ride away. An exceptional opportunity for anyone seeking the finest in luxury condominium living in Kelowna’s signature address. Room measurements are approx. Images are for illustration only.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 514 sq ft
- Parking
- 0
- Year built
- 2025
- Strata fee
- $350 / mo ($0.68 / sq ft)
- Strata rules
- Pet Restrictions
- Days on market
- 1
- MLS®
- 10403253
Features
- Balcony
- Recreational Facilities
- Pet Restrictions
- Refrigerator
- Oven - gas
- Cooktop - Gas
Monthly cost
$3,008/mo
Mortgage $2,658 · 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
- −$1,573/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $2,658 · 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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