Property Type: Condo / ApartmentOwnership: Strata

1626 WATER Street Unit# 3207

Kelowna, BC V1Y1J9

$1,456,999

3 bed2 bath1 parking1,408 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
$131/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, Additional Parking

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
4pc BathroomMain level8'7'' x 5'5''
DenMain level10'1'' x 10'1''
BedroomMain level9'3'' x 9'4''
BedroomMain level10'4'' x 13'5''
KitchenMain level9'4'' x 11'4''
Living roomMain level14'7'' x 9'3''
5pc Ensuite bathMain level
Primary BedroomMain level11'2'' x 13'6''

Listing Information

MLS®
10379023
Listed
March 11, 2026
Time on market
On the market for 173 days
Data last synced
August 28, 2026

Listing provided by: Sutton Centre Realty · Data source: CREA DDF.

Description

Welcome to #3207 at Water Street by The Park. Located in The Eli, T2, this three-bedroom + den residence is elevated Okanagan living just steps from the lake, yacht club, and City Park. A spacious and contemporary 1408 sq ft interior is complemented by an expansive 505 sq ft wrap-around deck offering stunning lake and park views from the 32nd floor, for seamless indoor/outdoor living. Superior-quality finishes including integrated, stainless steel Fulgor Milano appliances, marbled porcelain tile, premium vinyl plank flooring, and thoughtfully curated details throughout. Impress your guests and enhance your lifestyle with access to 42,000 sq ft of resort-style amenities designed for all year enjoyment. Over 23 thoughtfully designed spaces created for daily use, including a fitness centre overlooking the lake, yoga studio to find your flow and rejuvenating sauna & steam rooms for an “at home” spa experience. Perfect your swing on the 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 little ones entertained in the vibrant playroom—every experience is just an elevator ride away. An exceptional opportunity for anyone seeking the finest in luxury condominium living in Kelowna’s signature address. Room measurements are approx. Images are for illustration only. (id:63159)

Values & Trends

This listing

$1,035/sqft

Building average

$989/sqft

4 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 SecondarySecondary827 m
Central School ProgramsK-12827 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 SecondarySecondary2.7 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 & Grill127 m
  • Raudz152 m
  • Micro Bar166 m
  • Memphis Blues · 289 Bernard Avenue170 m
  • Fernando's Taqueria · 279 Bernard Avenue170 m

Cafes (5+)

  • O-Lake Cafe & Bistro142 m
  • Pulp Fiction Coffee House · 1598 Pandosy Street166 m
  • Blenz Coffee · 297 Bernard Avenue171 m
  • Tim Hortons · 261 Bernard Avenue177 m
  • AMORE MIO Italian artisanal gelato · 270 Bernard Avenue208 m

Grocery (2)

  • Safeway · 697 Bernard Avenue569 m
  • GetintheLoop Grocery · 1353 Ellis Street664 m

Parks (5+)

  • Kerry Park257 m
  • City Park375 m
  • Stuart Park460 m
  • Lake Avenue Beach Access594 m
  • Rowcliffe Park · 1850 Richter Street615 m

Shopping (1)

  • The Core on Ellis · 1353 Ellis Street677 m

Gyms (4)

  • BarreRoom · 410 Bernard Avenue270 m
  • SPIN co · 410 Bernard Avenue272 m
  • Life Aesthetics Online Coaching · 1435 Water Street398 m
  • Move & Flow · 589 Lawrence Avenue491 m

Pharmacies (3)

  • Pharmasave313 m
  • Shoppers Drug Mart · 597 Bernard Avenue523 m
  • Pharmasave · 505 Doyle Avenue524 m

Banks & ATMs (5+)

  • Unnamed214 m
  • BMO · 327 Bernard Avenue214 m
  • Unnamed217 m
  • CIBC · 328 Bernard Avenue223 m
  • Unnamed251 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($120,700) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,165,599.00
Periodic payment — Principal & Interest (monthly)$7,520.05
Additional monthly expenses (strata, tax, utilities, etc.)$201.00
Total monthly cost$7,721.05
Interest paid over 5-yr term$334,064.02
Balance at end of term$1,048,460.07

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$120,700
Stress test qualifying rate8.09%
Payment you must qualify for$10,275.67

Cash Needed at Closing

Minimum down payment$120,700
Estimated BC PTT$27,140
Legal / closing costs (typical estimate)$1,500
Total cash needed$149,340

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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