Condo building
Water Street by the Park
Kelowna
LIVE · KELOWNA & WEST KELOWNA
High-rise concrete towers by the lake, walkable boutique districts, and quiet hillside retreats define the local strata market right now.
30 neighbourhoods · 195 buildings · Updated October 2026Live guide · Go Kelowna
Photo: Iryna Maiboroda · Waterfront Park via Google
01AT A GLANCE
The details that matter.
Buyers choose between dense waterfront developments, low-rise buildings near southern beaches, or spacious hillside units across the bridge. Current market forces hinge on new provincial short-term rental limits, pet bylaws, and strata document health. Prices correlate directly with lake proximity and building age.
- Median Price
- Around $475K (Sept. 2026)
- Average Rent
- ~$2,118/mo (2-bed, CMHC 2025)
- Key Areas
- Downtown, Pandosy, West Kelowna
- Rental Rules
- Principal residence required
01BUILDING GUIDES
Condo buildings worth knowing.
Profiles with amenities, the story and what’s listed right now.
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
The Local Strata Market
Understanding the regional housing supply means looking closely at neighbourhood zoning and recent legislative shifts. Getting a handle on building types, location perks, and key purchasing documents makes the process straightforward.
The short answer
Begin your search Downtown for dense, walkable living near the water. Look at Pandosy and the Lower Mission for a quieter streetscape close to southern beaches. Buyers wanting better square footage and hillside sightlines usually cross the bridge to Westbank Centre or Shannon Lake.
01High-Rise Living
Downtown Towers
The skyline near the water is shifting quickly with tall concrete construction. Buildings like One Water Street and the multi-tower Water Street by the Park add hundreds of units right on the lakefront. These structures have pools, gyms, and concierge desks just blocks from Bernard Avenue.
Further inland, Brooklyn at Bernard Block brings a rooftop lounge to the urban core. Residents here rely less on cars, easily walking to restaurants, City Park's Hot Sands Beach, and events at Prospera Place.
Living in this dense zone means trading square footage for direct access to city infrastructure. Prices align with the premium materials and views of Okanagan Lake, the marina, and the William R. Bennett Bridge.
Local tips
- Ask about included building extras, as newer towers have extensive shared spaces.
- Note which direction your unit faces for morning sun or evening light over the lake.
- Verify the parking stall and storage locker assignments before removing subjects.
- Walk the blocks around the building at night to gauge the street noise.
02Boutique & Beachy
Pandosy & Lower Mission
The southern corridors, incorporating the Lower Mission, have a much different streetscape. This district centres around independent coffee shops, clothing boutiques, and patios, all within walking distance of Rotary and Gyro beaches.
Recent builds like Movala and established complexes like Playa del Sol focus on mid-rise density. These shorter buildings create tighter resident groups compared to the massive downtown high-rises. The demographic mixes young professionals with retirees who want to stay close to the water.
Buyers target this zone to get walkability without the heavy traffic of the city core. The blocks sit close to the general hospital, Okanagan College, and Mission Park Shopping Centre.
Local tips
- Walk the Abbott Street corridor to see the dedicated pedestrian and bike paths.
- Measure the exact walking distance from your prospective building to the nearest beach access.
- Look at complexes like Green Square for central access to the main retail strip.
03Urban Hubs
Capri-Landmark & UBCO
The Capri-Landmark sector is an official growth zone slated for heavy redevelopment. Planners want to turn this commercial and employment hub into a residential base. A proposed 23-storey tower at the Capri Centre site will add significant density. Projects like Revo Kelowna fit into this shift, putting residents right next to major transit routes and grocery stores.
Further north, the University District near UBCO operates as its own distinct micro-market. This zone caters to students, faculty, and investors. Complexes such as Pinnacle Pointe, U-Two, and VEDA focus on smaller, efficient floor plans. The proximity to the campus and the international airport keeps vacancy rates low.
Both sectors represent strategic municipal density. One acts as a secondary downtown, while the other supports a major educational institution.
Local tips
- Read the university district strata bylaws carefully to check for student rental restrictions.
- Review the municipal urban centre plan to see what might be built next to the Capri-Landmark site.
- Test the bus routes connecting these hubs to the rest of the region.
04Views & Value
The Westside
Crossing the bridge to the west side of the lake generally yields more square footage and better sightlines for the same price. Neighbourhoods like Westbank Centre, Shannon Lake, and Lakeview Heights contain established strata complexes set against a quieter backdrop.
Buildings such as Miravista in Westbank and the massive Ariva project bring modern layouts to the hillside. Buyers wanting to live near fairways often look at Sonoma Pines in the Smith Creek area. This side of the lake functions as a series of independent hubs with their own grocery stores, retail centres, and parks.
Residents here live minutes from the Westside Wine Trail, Gellatly Bay, and extensive hiking networks. The trade-off is the daily bridge commute, but the payoff comes in the form of sweeping valley views.
Local tips
- Drive across the bridge during the morning and afternoon rush hours to gauge the commute.
- Spend time in the individual west side neighbourhoods to see which micro-climate fits best.
- Check the proximity of your chosen building to the main highway corridor.
05The Essentials
Strata Fees & Reports
Purchasing a unit means buying into a strata corporation. Every owner pays a monthly fee to cover shared expenses like building insurance, hallway maintenance, landscaping, and management. A portion of this payment goes straight into a Contingency Reserve Fund for major future repairs like replacing the roof or updating the elevator.
You have to read the strata documents before removing subjects. The bylaws dictate daily life in the complex. Here you will find the exact rules on pets, long-term rentals, and balcony barbecues. The strata council enforces these rules strictly.
The depreciation report is the most critical document. Required for complexes with five or more units, it outlines a 30-year forecast of the building's physical assets. It estimates when major components will fail and suggests funding models to pay for the work. A healthy report and a well-funded reserve indicate a stable building.
Local tips
- Read at least two years of strata council meeting minutes to spot recurring maintenance issues.
- Compare the monthly fees to similar buildings of the same age and size.
- Make sure the seller provides a Form B Information Certificate with the current depreciation report.
- Have a professional review the financial statements to ensure the reserve fund matches the forecasted repairs.
06How to Buy
Presale & New Rules
Buyers choose between presale and resale units. Resales are existing homes in finished buildings. Presales involve signing a contract with a developer before construction finishes, securing the unit with a deposit. This route lets you pick finishes, but you take on the risk of construction delays and shifting mortgage rates.
Presale buyers must pay a 5% GST on the purchase price, an amount rarely included in the marketing materials. Developers issue a massive disclosure statement detailing the project. A real estate lawyer needs to review this document during your seven-day rescission period.
Recent provincial legislation drastically changed the investment landscape. Short-term rentals under 90 days are now restricted strictly to a host's principal residence, plus one secondary suite or accessory dwelling on that same property. You cannot run a unit as a full-time hotel alternative if you do not live there.
Local tips
- Verify the exact deposit structure and the outside completion date for any presale.
- Know that the finished presale unit might look slightly different from the showroom model.
- Read the municipal zoning bylaws alongside the strata rules if you plan to rent the unit out.
- Do not rely on short-term rental income to qualify for your mortgage under the new provincial framework.
•THE FULL LIST
All 71 buildings.
Search by name or street, narrow to a neighbourhood, sort by newest or biggest.
See them on the map71 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
Springfield - SpallBristol GardensDiscover Bristol Gardens, a well-regarded condo building at 1965 Durnin Road in Kelowna, offering comfortable living spaces and a suite of…Built 1992 · 75 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 homes
GlenmoreCentre PointCentre Point at 1350 Ridgeway Drive provides a boutique condo experience in Kelowna's Glenmore neighbourhood, blending modern comfort with urban…Built 2008 · 34 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
Lower MissionEssenceDiscover Essence, a sophisticated condo building at 529 Truswell Road in Kelowna, where modern design meets comfortable living.Built 2019 · 21 homes
Kelowna NorthExecutive HouseA long-established lake-view tower on Sunset Drive — generous floor plans and indoor pool, beside the lagoons and Rotary Marsh boardwalk.Built 1994 · 110 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•STORIES
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•FAQ
Good to know
Monthly fees pay for shared building expenses. This includes insurance for common property, hallway maintenance, pool upkeep, landscaping, garbage collection, and property management. A portion goes into a contingency reserve fund for major future repairs.
