Condo building
Water Street by the Park
Kelowna
LIVE · KELOWNA & WEST KELOWNA
Find the right building, review strata bylaws, and secure a lease in the local market with this practical renter manual.
30 neighbourhoods · 195 buildings · Updated October 2026Live guide · Go Kelowna
Photo: Christian H · Waterfront Park via Google
01AT A GLANCE
The details that matter.
A recent surge in construction has pushed up vacancy rates across the region. Renters now have more leverage to secure units in high-demand areas like the Lower Mission. Prepare to deal with strict strata bylaws and varying utility costs.
- Avg. 2-Bed Rent
- ~$2,118/mo (CMA, late 2025)
- Vacancy Rate
- 6.4% (CMA, late 2025)
- Avg. Condo Price
- ~$510,000 (May 2026)
- Rent Increase Cap
- 2.3% for 2026
01BUILDING GUIDES
Buildings that allow rentals.
Buildings whose strata permits rentals, according to their profiles.
Condo building
Sonoma Pines
West Kelowna
Condo building
Eminence at Knox
Kelowna
Condo building
Mission Meadows
Kelowna
Condo building
Creekside Villa
Kelowna
Condo building
Revo Kelowna
Kelowna
Condo building
Waterscapes — Skye Tower
Kelowna
Condo building
The Verve
Kelowna
Condo building
VEDA
Kelowna
Condo building
U-Two
Kelowna
Condo building
Discovery Bay Resort
Kelowna
Condo building
Ariva
West Kelowna
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•NEIGHBOURHOODS
Where they are.
The neighbourhoods behind the buildings: parks, patios, schools and the commute.
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•LOCAL KNOWLEDGE
Renting a Stratified Suite
Learn exactly how to secure a high-rise apartment or lakeside unit in the current market.
The short answer
Begin your search near the downtown core for walkable transit, or target the Lower Mission for beach access. High-profile towers like One Water Street and Movala carry premium price tags, while the University District caters directly to students.
01The Buildings
Finding a Suite
Recent construction waves have increased the local rental supply, pushing the vacancy rate up from previous lows. Tenants now have more choices, from the glass towers of Kelowna North to the resort-style communities in Westbank Centre and the Lower Mission. A recent provincial law change prevents most strata corporations from limiting long-term rentals, opening up units in older complexes.
Some buildings remain primarily owner-occupied, creating a quieter environment. Newer developments like Water Street by the Park, Movala, and Brooklyn at Bernard Block were designed with a mix of owners and renters in mind. Across the bridge, communities such as Miravista and Ariva include modern layouts with shared extras. Always confirm a specific unit's availability with a property manager.
If you need access to the University District, buildings like Pinnacle Pointe, VEDA, and U-Two are popular choices due to their proximity to UBCO. In North Glenmore, The Verve is a large complex known for its rental-friendly approach. Desirable units still get snapped up quickly before the fall university semester.
Local tips
- Check online listing sites and property management websites daily.
- Prepare references and proof of income to apply immediately.
- Ask if the building has upcoming major construction planned.
- Clarify which utilities are included in the monthly rate.
02The Perks
Amenities and Parking
Modern high-rises compete heavily on shared spaces. It is standard to find a fitness centre, secure underground parking, and extra storage lockers. Many newer towers in the north end and Kelowna South, like One Water Street and Movala, include resort-style additions. These range from outdoor pools and hot tubs to community BBQ areas and golf simulators.
Pools are a major draw during the hot summers. Buildings like Playa del Sol, Sunset Waterfront Resort, and Discovery Bay Resort are known for their pool decks, creating a highly social scene from May to September. Parking is almost always included, typically one stall per unit. Securing a second stall is difficult and usually requires an extra monthly fee, a common issue in the downtown core where space is tight.
Practical additions are also common. Expect in-suite laundry, air conditioning, and secure bike storage. Some luxury buildings also have a concierge desk, guest suites for visitors, and party rooms that residents can book. When comparing units, weigh the monthly rent against how much you will actually use these shared spaces.
Local tips
- Confirm if parking is a standard stall or a tandem layout.
- Ask about guest parking rules and availability.
- Check the hours of operation for the gym and pool.
- Find out if there are fees for booking shared rooms.
03The Rules
Living Under Strata Bylaws
When you rent a stratified unit, you are bound by the corporation's bylaws. Your landlord must give you a copy of these rules, usually with a document called a Form K: Notice of Tenant's Responsibilities. This form confirms you have received the bylaws and agree to follow them. These rules govern everything from noise levels to what you can place on your balcony.
Common regulations relate to pets, smoking, and the use of shared property. Many buildings restrict the number, size, or breed of pets. Noise bylaws are strictly enforced, especially regarding quiet hours that typically begin after 10 or 11 p.m. Smoking or vaping cannabis or tobacco is frequently banned in units, on balconies, and throughout the grounds. Breaking these rules can lead to warnings, fines, and potentially eviction.
Other rules cover booking elevators for move-ins, which can cost extra, alongside garbage and recycling procedures. While it may seem like a lot of regulations, these bylaws exist to keep the building safe for everyone. As a tenant, you have the same rights to use the shared property as an owner, provided you follow the rules.
Local tips
- Read the bylaws thoroughly before signing your lease.
- Get written confirmation that your pet complies with the rules.
- Report any issues to your landlord or property manager first.
- Follow the proper procedure for disposing of garbage and recycling.
04The Options
Furnished or Unfurnished
You will find both furnished and unfurnished suites for rent across the city. Unfurnished is the most common setup, giving you a blank canvas for your own belongings. This works best for long-term residents who have their own furniture and want to personalize their space. Landlords often prefer unfurnished units for their simplicity and the tendency for tenants to stay longer.
Furnished suites cater to a different market. They work well for students, professionals on temporary contracts, or people new to the city who want a turnkey solution. A furnished unit typically includes everything from the sofa and bed to kitchenware and linens. Because of this convenience, furnished units command higher rent, often costing 15 to 30 percent more than their unfurnished counterparts.
Consider the total cost and your timeline when choosing between the two. While the rent for a furnished unit is higher, you save money on buying and moving heavy items. Living with someone else's style is not for everyone, and you are responsible for keeping the provided items in good condition. For unfurnished rentals, remember to budget for the logistics of setting up your new home.
Local tips
- Get a detailed inventory list and document the condition of items on move-in.
- Ask if utilities like internet and electricity are included in the rent.
- Measure your large furniture to ensure it fits through doorways and into the elevator.
- Clarify what appliances come with an unfurnished unit.
05The Locations
Downtown and Lakeside
The downtown core is the epicentre of high-rise life. Towers like One Water Street, Brooklyn at Bernard Block, and Sole Downtown put you right in the action. You can walk to restaurants on Bernard Avenue, catch a hockey game at Prospera Place, and sit by the water at City Park. This convenience comes at a premium, as downtown rents are among the highest in the region.
Lakeside rentals give you immediate beach access. In the Lower Mission, buildings like Movala and Playa del Sol sit across the street from Gyro and Rotary beaches. These areas have a more relaxed feel, especially in the summer. The west side of the lake also has great lakeside choices in communities like Westbank Centre and Lakeview Heights, often with clear views back across the water.
The area along Sunset Drive blends both downtown and lakeside living. Buildings such as Waterscapes, Skye Tower and Sunset Waterfront Resort are steps from the water and a short walk to the main commercial strip. This road is highly sought-after by renters who want immediate beach access without sacrificing urban convenience. Living near the water means dealing with higher summer traffic.
Local tips
- Expect more noise and tourist traffic in downtown and lakeside areas during summer.
- Check the walk score if you plan on living without a car.
- Ask about water views, as they can significantly increase the rent.
- Walk through the local shops in Pandosy Village if you are considering the Lower Mission.
06Your Rights
Tenancy Laws
All rentals in the province fall under the British Columbia Residential Tenancy Act. This law outlines the rights and responsibilities of both tenants and landlords. Key protections include limits on rent increases, rules for how and when a landlord can enter your unit, and your right to quiet enjoyment, meaning freedom from unreasonable disturbances.
The province sets a maximum allowable annual rent increase, recently capped at 2.3 percent. A landlord can only increase the rent once every twelve months and must give you three full months of notice using the official government form. When you move in, your landlord can charge a security deposit of up to half a month of rent, plus a pet damage deposit of the same amount if applicable.
Your landlord needs a valid reason to enter your suite and must typically give at least 24 hours of written notice. Both a move-in and move-out condition inspection are mandatory. This process, documented on an official form, is crucial for getting your security deposit back. If a dispute arises that you cannot resolve directly, the Residential Tenancy Branch has a formal resolution process.
Local tips
- Always get your tenancy agreement in writing.
- Communicate with your landlord via email to keep a paper trail.
- Take photos and be thorough during the move-in condition inspection.
- Visit the official Residential Tenancy Branch website for forms.
•THE FULL LIST
All 56 buildings.
Search by name or street, narrow to a neighbourhood, sort by newest or biggest.
See them on the map56 buildings
Kelowna South450 ParcWelcome to 450 Parc, an exclusive collection of luxury condominiums at 450 Groves Avenue, where sophisticated design meets the serene lifestyle of…Built 2023 · 20 homes
Lower MissionAqua Waterfront Village Tower 3Experience refined waterfront living at Aqua Waterfront Village Tower 3, a distinguished address at 3800 Capozzi Road in Kelowna.Built 2026 · 121 homes
Kelowna NorthArbour CourtDiscover Arbour Court, a charming and intimate condo building nestled in the heart of Kelowna's Cultural District, offering a unique blend of urban…Built 1995 · 18 homesWestbank CentreArivaAriva is a master-planned condominium community in West Kelowna, thoughtfully designed for those seeking spacious residences and an active,…Built 2023 · 200 homes
University DistrictBorgata LodgeBorgata Lodge is a three-storey condominium building in Kelowna, known for its unique design and convenient location near the Okanagan Golf Club.Built 1995 · 40 homes
Lower MissionBridgewater EstatesDiscover Bridgewater Estates, a well-established condo building at 3842 Gordon Drive in Kelowna, offering spacious residences and a host of…Built 1991 · 59 homes
Kelowna NorthBrixxBrixx offers an exclusive collection of luxury townhomes at 1308 Richter Street, designed for discerning residents seeking an elevated urban…Built 2020 · 12 homes
Kelowna NorthBrooklyn at Bernard BlockBrooklyn at Bernard Block offers a distinctive urban living experience at 1471 St.Built 2021 · 178 homes
Shannon LakeCamber HeightsPerched in West Kelowna's Shannon Lake community, Camber Heights offers a refined collection of luxury townhomes designed for maintenance-free,…Built 2019 · 30 homes
Kelowna NorthCambridge HouseDiscover Cambridge House, a modern condominium building at 925 Leon Avenue in Kelowna North, where thoughtful design meets urban convenience.Built 2018 · 192 homes
Kelowna NorthCannery LoftsCannery Lofts offers true loft-style living at 1289 Ellis Street, a building celebrated for its architectural character and prime location in…Built 2005 · 60 homesKelowna SouthCreekside VillaDiscover Creekside Villa, a well-appointed condo community in Kelowna South, offering a blend of comfort and accessibility.Built 1991 · 264 homesKelowna NorthDiscovery Bay ResortExperience resort-style living at Discovery Bay Resort, a distinguished address offering unparalleled access to Okanagan Lake and downtown Kelowna's…Built 2000 · 200 homes
Kelowna NorthDolphinsDolphins stands as one of Kelowna's original waterfront communities, offering a distinctive living experience in the vibrant Kelowna North…Built 1996 · 130 homes
Rutland NorthEden KelownaEden Kelowna stands as a modern residential offering at 155 Bryden Road, providing a collection of well-appointed homes designed for comfortable…Built 2020 · 152 homesGlenmoreEminence at KnoxEminence at Knox is a master-planned condominium community in Kelowna, offering a balanced lifestyle where contemporary design meets the tranquility…Built 2025 · 277 homes
North GlenmoreGlenmore CentralDiscover Glenmore Central, a modern condominium building at 722 Valley Road, offering a refined living experience with its sleek design and…Built 2019 · 105 homes
North GlenmoreGlenpark RowDiscover Glenpark Row, a collection of modern townhomes in Kelowna's North Glenmore, designed for those who appreciate spacious living and direct…Built 2020 · 52 homes
Lower MissionGreen SquareDiscover Green Square, a multi-phase residential community at 3626 Mission Springs Drive in Kelowna's desirable Lower Mission.Built 2014 · 190 homes
Lower MissionGreen Square VertDiscover Green Square Vert, a modern condo building designed for a vibrant lifestyle in Kelowna's desirable Lower Mission neighbourhood.Built 2020 · 180 homes
Lower MissionGyro Beach TownhomesPerched across from the vibrant Gyro Beach, this collection of townhomes offers a distinctive architectural presence with its modern lines and…Built 2020 · 36 homes
Springfield - SpallMission Creek TowersMission Creek Towers offers a refined living experience, blending spacious residences with a suite of desirable amenities, all within a thoughtfully…Built 2005 · 59 homesLower MissionMission MeadowsMission Meadows stands as a multi-phase condominium community in Kelowna, thoughtfully designed to blend Okanagan living with comfortable residences…Built 2007 · 276 homes
Lower MissionMission ShoresDiscover refined lakeside living at Mission Shores, a prestigious condo building in Kelowna's Lower Mission neighbourhood, offering spacious…Built 2008 · 120 homes•STORIES
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•FAQ
Good to know
Based on recent housing data, a standard two-bedroom unit in the region averages around $2,118 per month. One-bedroom units sit near $1,596, though rates climb significantly higher in prime downtown and waterfront buildings.
