Condo
$575,000
604 Cawston Avenue Unit# 509
Kelowna North, Kelowna1 day on market
MLS® 10403201
1 / 40
1 bed · 1 bath · 662 sq ft · 1 parking
Condo · Single Family · built 2025 · 122 days on market
Listed by Rebekah Beaton, RE/MAX Vernon
Realtor's description
Welcome to #1503 at Water Street by The Park — a refined 1-bedroom + den residence offering the ultimate Okanagan lifestyle. Perfectly positioned just steps from the lake, yacht club, and City Park, this home places you at the heart of it all. Perched on the 15th floor, this thoughtfully designed 662 sq ft home captures stunning sunrise views over the city skyline and surrounding valley peaks. Inside, you’ll find a seamless blend of modern sophistication and timeless finishes, including premium vinyl plank flooring, marbled porcelain tile, and a chef-inspired kitchen equipped with integrated and stainless steel Fulgor Milano appliances. Designed for both relaxation and entertaining, residents enjoy exclusive access to The Deck—an extraordinary 42,000 sq ft amenity space featuring over 23 curated experiences. Stay active in the lakeview fitness centre, recharge in the yoga studio, sauna, or steam rooms, or elevate your leisure time with a golf simulator, putting greens, private theatre, and games lounge. Whether it’s wine tasting with friends or keeping the kids entertained in the playroom, every lifestyle need is just an elevator ride away. Experience elevated living in one of the Okanagan’s most sought-after communities. Includes one parking stall. Room measurements are approx.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 662 sq ft
- Parking
- 1
- Year built
- 2025
- Strata fee
- $348 / mo ($0.53 / sq ft)
- Strata rules
- Pets Allowed, Rentals Allowed
- Days on market
- 122
- MLS®
- 10389752
Features
- Central island
- One Balcony
- Pets Allowed
- Rentals Allowed
- Washer
- Refrigerator
Floor plans
Found among the listing photos.
Monthly cost
$2,486/mo
Mortgage $2,139 · Strata $348
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
- −$1,052/mo
- Cap rate
- 2.7%
- yearly net rent ÷ price
Costs: mortgage $2,139 · strata $348 · 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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