Property Type: Condo / ApartmentOwnership: Strata

1626 Water Street Street Unit# 2602

Kelowna, BC V1Y0N7

$869,000

2 bed2 bath1 parking870 sqftBuilt 2025
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Amenities

Also listed: Sauna, Whirlpool, Clubhouse

Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$456/mo
Annual property tax
$0

Interior

Heating
Heat Pump, Forced air, See remarks
Cooling / A/C
Central air conditioning, Heat Pump
Fireplace
None
Flooring
Vinyl

Exterior & Lot

View
City view, Lake view, Mountain view, View (panoramic)
Pool
Pool, Inground pool, Outdoor pool

Parking

Total spaces
1 — uncovered indicated
Features
Parkade

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Full ensuite bathroomMain level5'5'' x 9'
BedroomMain level9' x 10'
Full bathroomMain level5'6'' x 9'
KitchenMain level10' x 13'5''
Living roomMain level11'7'' x 13'
Primary BedroomMain level11'7'' x 11'7''

Listing Information

MLS®
10395722
Listed
July 23, 2026
Time on market
On the market for 39 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Vernon · Data source: CREA DDF.

Description

An unbeatable opportunity to have it all — a stunning building in a prime downtown location, generous living space, sought-after marina & lake views, world-class amenities complete with a beautiful deck made for perfect sun-soaked Okanagan soirees. This impressive 2bed 2bath corner residence is a choice private unit on the 26th floor. #2602 showcases panoramic views of the yacht club with Knox Mountain rising beautifully against the city skyline. With its northeast orientation, this home offers the perfect temperature for comfortable year-round living. Every inch of this home is curated with superior-quality finishes that exude timeless elegance from integrated & stainless steel Fulgor Milano appliances to marbled porcelain tile, premium vinyl plank flooring & bespoke design details throughout. Impress your guests with exclusive access to 42,000 sqft of world-class amenities at The Deck, featuring 23 thoughtfully curated spaces to enjoy, entertain & unwind —including a fitness centre, art studio, kids’ playroom, sauna, steam room, golf simulator, yoga studio, putting green, games room, movie theatre, coworking space, and business centre. Step outside to the expansive terrace with fire pits, BBQ stations, outdoor dining, pool, hot tubs, dog run & dog wash. Plus, enjoy private lounge spaces, a party kitchen, and elegant changing facilities. Whether you’re searching for a full-time residence or the ultimate Okanagan retreat, this home checks every box. (id:63159)

Values & Trends

This listing

$999/sqft

Building average

No other active listings in this building

Kelowna North average

$696/sqft

157 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Clear

12°C

Clear

Humidity 88%

Wind ENE 5 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

144,576

(2021 Census)

+13.5% since 2016

Density: 682.4/km²

Dwellings: 67,115

Median household income: $82,000

After-tax: $73,500

Immigrant population: 15.3%

Top countries of origin (% of total population)

  • United Kingdom2.1% · 3,055
  • India1.6% · 2,335
  • Philippines1.1% · 1,620
  • Germany1.1% · 1,540
  • United States of America1% · 1,375
  • China0.7% · 960
  • Poland0.4% · 585
  • South Africa, Republic of0.4% · 525

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

59

8/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Central SecondarySecondary812 m
Central School ProgramsK-12812 m
The Balsam School(Independent)Elementary879 m
St Joseph Elementary School(Independent)Elementary1.0 km
A S Matheson ElementaryElementary1.7 km
Bankhead ElementaryElementary2.0 km
Raymer ElementaryElementary2.2 km
Kelowna SecondarySecondary2.6 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (5+)

  • Social 242 Lounge & Grill139 m
  • Raudz153 m
  • Micro Bar167 m
  • Memphis Blues · 289 Bernard Avenue172 m
  • Fernando's Taqueria · 279 Bernard Avenue174 m

Cafes (5+)

  • O-Lake Cafe & Bistro129 m
  • Pulp Fiction Coffee House · 1598 Pandosy Street155 m
  • Blenz Coffee · 297 Bernard Avenue172 m
  • Tim Hortons · 261 Bernard Avenue185 m
  • Deville Coffee Bernard205 m

Grocery (2)

  • Safeway · 697 Bernard Avenue553 m
  • GetintheLoop Grocery · 1353 Ellis Street659 m

Parks (5+)

  • Kerry Park266 m
  • City Park391 m
  • Stuart Park463 m
  • Rowcliffe Park · 1850 Richter Street601 m
  • Lake Avenue Beach Access603 m

Shopping (1)

  • The Core on Ellis · 1353 Ellis Street672 m

Gyms (4)

  • BarreRoom · 410 Bernard Avenue262 m
  • SPIN co · 410 Bernard Avenue263 m
  • Life Aesthetics Online Coaching · 1435 Water Street396 m
  • Move & Flow · 589 Lawrence Avenue475 m

Pharmacies (3)

  • Pharmasave298 m
  • Shoppers Drug Mart · 597 Bernard Avenue508 m
  • Pharmasave · 505 Doyle Avenue518 m

Banks & ATMs (5+)

  • Unnamed215 m
  • Unnamed216 m
  • BMO · 327 Bernard Avenue216 m
  • CIBC · 328 Bernard Avenue221 m
  • Unnamed244 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($61,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$695,200.00
Periodic payment — Principal & Interest (monthly)$4,485.19
Additional monthly expenses (strata, tax, utilities, etc.)$499.98
Total monthly cost$4,985.17
Interest paid over 5-yr term$199,246.32
Balance at end of term$625,334.65

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$61,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,206.32

Cash Needed at Closing

Minimum down payment$61,900
Estimated BC PTT$15,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$78,780

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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