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Kelowna Condos: The Buildings Worth Knowing
Best Condos in KelownaOur short list, with the reasons
Short-Term Rental CondosThe City's eligible addresses, datedImages: Best Condos tile, Orchard Park Properties. Short-Term Rental tile, Mission Group (rendering for illustration only).
Kelowna's condo buildings are not created equal. This is our short list of the buildings we'd point a buyer to, sorted by what matters most to you: the best all-round buildings, luxury, lake views and short-term rental eligibility. Each building shows current listings and lets you ask our team directly. For every condo for sale in Kelowna, see Kelowna condos for sale.
BestLuxuryLake viewShort-term rentalBuyer's guideFAQ
Best Condos in Kelowna
Our opinion. We looked for completed buildings with strong amenities, a good location, a developer with a solid track record, and enough sales to give you a resale market.
Luxury Condos
Our opinion, based on location and view, unit size and penthouse offering, amenities and finishes.
- The Eli at Water Street by the Park: 42 storeys above City Park, downtown.
- Aqua Waterfront Village: lakefront towers with Lakehouses, Penthouses and a boat club.
- ONE Water Street: downtown towers with a private health club.
- MOVALA: large floor plans and penthouses in the Lower Mission.
- Caban: concrete mid-rise steps from Gyro Beach, with an infinity pool.
Lake View Condos
Two ways to get the lake: be on it, or be above it.
On the water
- Aqua Waterfront Village (Lower Mission)
- MOVALA (Lower Mission)
- Caban (Lower Mission)
- Discovery Bay, Waterscapes and Sunset Waterfront (Sunset Drive, downtown)
- Granite at McKinley Beach (McKinley Beach)
Views from height
- The Eli at Water Street by the Park
- ONE Water Street
- Brooklyn at Bernard Block (upper floors)
Buying lakefront? Ask for the building's flood construction level, and whether any part of the property sits on a foreshore lease.
Short-Term Rental (STR) Condos in Kelowna
Since June 1, 2026, Kelowna is the first B.C. city exempt from the provincial principal-residence rule for short-term rentals, but only at addresses the City has approved for its short-term rental subzone. Everywhere else in Kelowna, you must live in the unit to rent it short-term.
These are the addresses on the City of Kelowna's list, copied exactly as the City gives them. We've named a building only where its developer confirms the address.
| # | Address on the City's list |
|---|---|
| 1 | 3475 Granite Close |
| 2 | 3434 McKinley Beach Dr |
| 3 | 3220 Hilltown Dr |
| 4 | 3336-3396 Lavender Lane |
| 5 | 3331-3387 Aspen Lane |
| 6 | 1873 - 1875 Country Club Dr |
| 7 | 1350 St Paul St |
| 8 | 1215 St Paul St |
| 9 | 1471 St Paul St (Brooklyn at Bernard Block) |
| 10 | 1075 - 1139 Sunset Dr |
| 11 | 1088 Sunset Dr |
| 12 | 1128 Sunset Dr |
| 13 | 1290 St Paul St |
| 14 | 3377 - 3413 Lakeshore Rd (Caban) |
| 15 | 1083 KLO Rd |
| 16 | 648-654 Cook Rd |
| 17 | 3699 Capozzi Rd (Aqua) |
| 18 | 3880 Truswell Rd |
| 19 | 925 Leon Ave |
| 20 | 3398 McKinley Beach Lane |
| 21 | 1955 Northern Flicker Crt |
| 22 | 3700 Capozzi Rd (Aqua) |
| 23 | 3800 Capozzi Rd (Aqua) |
| 24 | 3340 - 3354 Richter St |
| 25 | 1585 Abbott St |
Eligibility as of November 7, 2026. Strata bylaws, a City business licence and provincial registration are still required. Confirm before you buy.
Check the current list and licence details on the City of Kelowna's short-term rentals page.
Buying a Condo in Kelowna: What to Look For
Before you fall for the unit
- Compare the price with today's new-build inventory as well as resale. Developers may be offering credits, and resale has to compete.
- Check what's planned next door. A view can disappear, and the City's development applications are public.
- Know the tenure. Kelowna condos are freehold strata; some West Kelowna buildings are leasehold, which affects financing and resale.
- Buying new? Ask your lawyer or accountant whether you may qualify for a GST rebate or a property transfer tax exemption.
Strata red flags
- No depreciation report, or one more than three years old.
- A contingency reserve fund under about 25% of the annual budget, or repeated special levies.
- Minutes that mention building envelope, roof, plumbing or parkade membrane problems without a funded plan.
- High insurance deductibles, especially for water damage.
- Litigation or Civil Resolution Tribunal disputes, or a council that keeps turning over.
- Bylaws that don't fit your plans: rental limits, pet limits, age restrictions or move-in fees.
Other things to watch
- Buying a tenanted unit? Plan for the tenancy, and don't buy on projected rent.
- Buying a pre-sale? Confirm the disclosure statement has been filed, and know your 7-day right to cancel.
- Buying lakefront? Ask for the flood construction level and whether the building is on a foreshore lease.
- Check whether the Speculation and Vacancy Tax applies to you.
Kelowna Condos FAQ
- Can I Airbnb a condo in Kelowna?
- Only if you live in it, unless the building's address is on the City's short-term rental subzone list. Even then, strata bylaws, a City business licence and provincial registration apply, so check all three before you buy.
- What's the best condo building in Kelowna?
- It depends on what you want. In our opinion, Water Street by the Park, Caban, ONE Water Street, Aqua and MOVALA are the strongest all-round buildings, based on amenities, location, developer track record and resale depth.
- What should I check in the strata documents?
- Read the depreciation report, the contingency reserve fund balance, two years of minutes and the bylaws. Look for planned repairs without funding, special levies, insurance deductibles and any rules that limit rentals or pets.
Looking at a Kelowna condo?
Tell our team which buildings you're considering and we'll send current listings, strata documents to request and what to check before you write an offer.
Ask our teamMortlock-Wilk Real Estate Group, Real Broker B.C. Ltd. Building details are from each developer's website and the City of Kelowna as of November 7, 2026 and may change. Short-term rental eligibility must be confirmed with the City, the strata and the Province before you buy. “Best” and “luxury” reflect our opinion, based on the criteria stated on this page. Listings links show MLS® listings from REALTOR® members; we do not represent the developers of these buildings. Updated November 2026. E.&O.E.
Image: Orchard Park Properties
Water Street by the Park, Kelowna
| Developer | Orchard Park Properties |
|---|---|
| Location | 1660 Water Street, downtown, next to City Park and Okanagan Lake |
| Building | Tower 1 and Tower 2 (The Eli, 42 storeys) are complete. The developer describes The Eli as the tallest residential tower in BC's Interior. |
| Home types | 1-bedroom + den, 2-bedroom and 3-bedroom + den condos, from the 7th floor up |
Our take: Walkable downtown high-rise living beside City Park, with lake views from height and a large amenity package. A fit for downsizers and buyers who want a lock-and-leave home downtown.
Short-term rentals: not confirmed. We don't list this building as short-term rental eligible until the City of Kelowna confirms it. Ask our team before you buy.
Details as of November 7, 2026. Listings link shows current MLS® listings in this building.
See listingsFull building pageAsk our team about Water Street by the Park
Image: Cressey Development Group
Caban, Kelowna
| Developer | Cressey Development Group |
|---|---|
| Location | 3377 Lakeshore Road, steps from Gyro Beach and Pandosy Village |
| Building | Six-storey concrete residential building over ground-level retail, 127 homes, completed 2025 |
| Home sizes | 555 to 1,600 sq ft |
| Amenities | 25-metre infinity pool, hot tub, poolhouse with outdoor kitchen, private fireside cabanas, Himalayan salt sauna |
Our take: A newer concrete building a short walk from the beach and Pandosy Village, with resort-style amenities. A fit for buyers who want beach-side living without a high-rise.
Short-term rentals: this address is on the City of Kelowna's short-term rental subzone list as of November 7, 2026. Strata bylaws, a City business licence and provincial registration still apply.
Details as of November 7, 2026. Listings link shows current MLS® listings in this building.
Image: NADG
ONE Water Street, Kelowna
| Developer | NADG (North American Development Group) |
|---|---|
| Location | Water Street and Ellis Street, downtown, across from the Cultural District |
| Building | Two towers, 36 and 29 storeys, 428 homes, with street-level retail. Occupied in 2021 and 2022. |
| Amenities | Private health club and a 6th-floor amenity deck |
Our take: An established downtown strata with full amenities and lake views from the upper floors. Ask for recent strata minutes before you write an offer.
Short-term rentals: its addresses (1181 and 1191 Sunset Dr) are not on the City of Kelowna's short-term rental subzone list as of November 7, 2026, so the principal-residence rule applies there.
Details as of November 7, 2026. Listings link shows current MLS® listings in this building.
See listingsFull building pageAsk our team about ONE Water Street
Image: Mission Group. Rendering for illustration only.
Aqua Waterfront Village, Kelowna
| Developer | Mission Group |
|---|---|
| Location | 3699, 3700 and 3800 Capozzi Road, Lower Mission, on Okanagan Lake |
| Building | Three towers with 415 homes, a public beach and boardwalk |
| Home types | 1-bedroom to 3-bedroom condos, plus Lakehouses and Penthouses |
| Amenities | On-site Aqua Boat Club |
Our take: True lakefront living with a beach, boardwalk and boat club on site. A fit for buyers who want to be on the water.
Short-term rentals: all three addresses are on the City of Kelowna's short-term rental subzone list as of November 7, 2026. Strata bylaws, a City business licence and provincial registration still apply.
Details as of November 7, 2026. Listings link shows current MLS® listings in this building.
See listingsFull building pageAsk our team about Aqua Waterfront Village
Image: Stober Group. Rendering for illustration only.
MOVALA, Kelowna
| Developer | Stober Group, with Greyback Construction |
|---|---|
| Location | Lakeshore Road, Lower Mission (the developer calls it South Pandosy), near Okanagan Lake |
| Building | Two towers, 10 and 14 storeys, 325 homes |
| Home types | 1- to 3-bedroom condos, townhomes and penthouses |
| Recognition | 2026 Georgie Award, Best Multi-Family Mid/High Rise Development |
Our take: Large floor plans and resort-style amenities near the beach in the Lower Mission. A fit for downsizers who want space close to the lake.
Short-term rentals: not confirmed. We don't list this building as short-term rental eligible until the City of Kelowna confirms it. Ask our team before you buy.
Details as of November 7, 2026. Listings link shows current MLS® listings in this building.