Property Type: Condo / ApartmentOwnership: Strata

1626 Water Street Unit# 3109

Kelowna, BC V1Y0N7

$559,900

1 bed1 bath1 parking542 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
$274/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 bathroomMain level6'2'' x 8'5''
KitchenMain level12'4'' x 9'5''
Living roomMain level12'4'' x 9'4''
Primary BedroomMain level9'4'' x 10'

Listing Information

MLS®
10395585
Listed
July 22, 2026
Time on market
On the market for 40 days
Data last synced
August 28, 2026

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

Description

Views. Views. And more views from the 31st floor. For those who demand the finest in downtown luxury, choosing this home is more than a decision—it's a statement. Water Street places you steps from Okanagan Lake, the Yacht Club and City Park with Kelowna’s finest restaurants & boutique shop moments away. This immaculate 1-bdrm residence soars above the rest on the 31st floor offering breathtaking panoramic views of the lake, yacht club & city through its coveted north-facing exposure. The home is appointed w/superior-quality finishes that exude timeless elegance, including luxury integrated & stainless steel Fulgor Milano appliances, marbled porcelain tile, premium vinyl plank flooring & more thoughtfully curated details throughout. Impress your guests—or indulge in it all yourself—with access to 42,000 sqft of world-class amenities at The Deck. Over 23 thoughtfully designed spaces to explore, enjoy a fitness centre overlooking the lake, a tranquil yoga studio to find your flow & rejuvenating sauna & steam rooms to unwind & recharge. Perfect your swing on the state-of-the-art golf simulator or sharpen your short game on the professionally designed putting greens. From booking a private screening in the theatre to enjoying a game of pool, indulging in a wine tasting, or keeping the kids entertained in the vibrant playroom— just to name a few! Every experience is just an elevator ride away. 1 parking stall included. GST applicable. (id:63159)

Values & Trends

This listing

$1,033/sqft

Building average

$1,002/sqft

5 active listing(s)

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

15°C

Clear

Humidity 76%

Wind NNW 4 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 SecondarySecondary806 m
Central School ProgramsK-12806 m
The Balsam School(Independent)Elementary884 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 & Grill146 m
  • Raudz159 m
  • Tamm Mexican Restaurant · 430 Harvey Avenue170 m
  • Micro Bar173 m
  • Memphis Blues · 289 Bernard Avenue178 m

Cafes (5+)

  • O-Lake Cafe & Bistro130 m
  • Pulp Fiction Coffee House · 1598 Pandosy Street156 m
  • Blenz Coffee · 297 Bernard Avenue178 m
  • Tim Hortons · 261 Bernard Avenue192 m
  • Deville Coffee Bernard208 m

Grocery (2)

  • Safeway · 697 Bernard Avenue551 m
  • GetintheLoop Grocery · 1353 Ellis Street663 m

Parks (5+)

  • Kerry Park273 m
  • City Park392 m
  • Stuart Park469 m
  • Rowcliffe Park · 1850 Richter Street594 m
  • Lake Avenue Beach Access600 m

Shopping (1)

  • The Core on Ellis · 1353 Ellis Street677 m

Gyms (4)

  • BarreRoom · 410 Bernard Avenue265 m
  • SPIN co · 410 Bernard Avenue266 m
  • Life Aesthetics Online Coaching · 1435 Water Street401 m
  • Move & Flow · 589 Lawrence Avenue473 m

Pharmacies (3)

  • Pharmasave292 m
  • Shoppers Drug Mart · 597 Bernard Avenue508 m
  • Pharmasave · 505 Doyle Avenue522 m

Banks & ATMs (5+)

  • Unnamed221 m
  • Unnamed221 m
  • BMO · 327 Bernard Avenue222 m
  • CIBC · 328 Bernard Avenue227 m
  • Unnamed248 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.5% ($30,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$447,920.00
Periodic payment — Principal & Interest (monthly)$2,889.83
Additional monthly expenses (strata, tax, utilities, etc.)$300.59
Total monthly cost$3,190.42
Interest paid over 5-yr term$128,375.16
Balance at end of term$402,905.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$30,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,067.13

Cash Needed at Closing

Minimum down payment$30,990
Estimated BC PTT$9,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$41,688

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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