Condo
$499,000
1329 Ellis Street Unit# 804
Kelowna North, Kelowna25 days on market
MLS® 10400515
1 / 27
$445,000
1626 Water Street Unit# 701
Kelowna North, Kelowna · MLS® 10391060
All units at 1626 Water St →1 bed · 1 bath · 512 sq ft · 1 parking
Condo · Single Family · built 2025 · 120 days on market
Listed by Barinder Kahlon, Sutton Centre Realty
Realtor's description
Welcome to residence #701 at The Eli—Water Street by The Park. Facing the marina and Bernard Ave in Tower 2, this sophisticated 1-bedroom lake-view home delivers the pinnacle of Okanagan living, just steps from the sandy shores of City Park, the yacht club, and downtown Kelowna’s vibrant core. Inside, timeless elegance meets superior craftsmanship. The curated interiors boast integrated, premium stainless steel Fulgor Milano appliances, exquisite marbled porcelain tile, and durable luxury vinyl plank flooring. Beyond your front door lies a lifestyle unmatched in the valley. Indulge in 42,000 square feet of world-class, resort-style amenities spanning 23 dedicated spaces. Maintain your wellness in the lake-front fitness centre and yoga studio, or unwind in the private sauna and steam rooms. Entertain effortlessly with exclusive access to a golf simulator, putting greens, a private movie theatre, billiards lounge, and wine-tasting room—while the kids enjoy the vibrant playroom. This is more than a home; it is an exceptional opportunity to own within Kelowna’s most iconic signature address.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 512 sq ft
- Parking
- 1
- Year built
- 2025
- Property tax
- $2,261 / yr
- Strata fee
- $274 / mo ($0.53 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 120
- MLS®
- 10391060
Features
- Pets Allowed
Monthly cost
$2,401/mo
Mortgage $1,939 · Tax $188 · Strata $274
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $1,597/mo
- After all costs
- −$966/mo
- Cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $1,939 · tax $188 · 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
2.7 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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