1626 Water Street Unit# 701
Kelowna, BC V1Y0N7
$445,000
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
- $2,260.92
Interior
- Heating
- Forced air
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
Exterior & Lot
- 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
| Room | Level | Dimensions |
|---|---|---|
| Full bathroom | Main level | 6'2'' x 8'5'' |
| Kitchen | Main level | 15' x 12'4'' |
| Living room | Main level | 9'6'' x 12'4'' |
| Primary Bedroom | Main level | 8'11'' x 10' |
Listing Information
- MLS®
- 10391060
- Listed
- June 11, 2026
- Time on market
- On the market for 81 days
- Data last synced
- August 28, 2026
Listing provided by: Sutton Centre Realty · Data source: CREA DDF.
Description
Welcome to residence #701 at The Eli—Water Street by The Park. Facing the marina and Bernard Ave in Tower 2, this sophisticated 1-bedroom lake-view home delivers the pinnacle of Okanagan living, just steps from the sandy shores of City Park, the yacht club, and downtown Kelowna’s vibrant core. Inside, timeless elegance meets superior craftsmanship. The curated interiors boast integrated, premium stainless steel Fulgor Milano appliances, exquisite marbled porcelain tile, and durable luxury vinyl plank flooring. Beyond your front door lies a lifestyle unmatched in the valley. Indulge in 42,000 square feet of world-class, resort-style amenities spanning 23 dedicated spaces. Maintain your wellness in the lake-front fitness centre and yoga studio, or unwind in the private sauna and steam rooms. Entertain effortlessly with exclusive access to a golf simulator, putting greens, a private movie theatre, billiards lounge, and wine-tasting room—while the kids enjoy the vibrant playroom. This is more than a home; it is an exceptional opportunity to own within Kelowna’s most iconic signature address. (id:63159)
Values & Trends
This listing
$869/sqft
Building average
$1,034/sqft
5 active listing(s)
Kelowna North average
$697/sqft
157 active listing(s)
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
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
| School | Type | Distance |
|---|---|---|
| Central Secondary | Secondary | 822 m |
| Central School Programs | K-12 | 822 m |
| The Balsam School(Independent) | Elementary | 868 m |
| St Joseph Elementary School(Independent) | Elementary | 1.0 km |
| A S Matheson Elementary | Elementary | 1.7 km |
| Bankhead Elementary | Elementary | 2.0 km |
| Raymer Elementary | Elementary | 2.2 km |
| Kelowna Secondary | Secondary | 2.7 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 & Grill126 m
- Raudz139 m
- Micro Bar153 m
- Memphis Blues · 289 Bernard Avenue157 m
- Fernando's Taqueria · 279 Bernard Avenue159 m
Cafes (5+)
- O-Lake Cafe & Bistro125 m
- Pulp Fiction Coffee House · 1598 Pandosy Street149 m
- Blenz Coffee · 297 Bernard Avenue158 m
- Tim Hortons · 261 Bernard Avenue171 m
- Deville Coffee Bernard196 m
Grocery (2)
- Safeway · 697 Bernard Avenue554 m
- GetintheLoop Grocery · 1353 Ellis Street648 m
Parks (5+)
- Kerry Park252 m
- City Park391 m
- Stuart Park448 m
- Lake Avenue Beach Access611 m
- Rowcliffe Park · 1850 Richter Street612 m
Shopping (1)
- The Core on Ellis · 1353 Ellis Street661 m
Gyms (4)
- BarreRoom · 410 Bernard Avenue253 m
- SPIN co · 410 Bernard Avenue255 m
- Life Aesthetics Online Coaching · 1435 Water Street383 m
- Move & Flow · 589 Lawrence Avenue477 m
Pharmacies (3)
- Pharmasave308 m
- Shoppers Drug Mart · 597 Bernard Avenue508 m
- Pharmasave · 505 Doyle Avenue508 m
Banks & ATMs (5+)
- Unnamed201 m
- BMO · 327 Bernard Avenue202 m
- Unnamed202 m
- CIBC · 328 Bernard Avenue208 m
- Unnamed234 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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1626 Water Street Unit# 2802, Kelowna
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($22,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.