FAQs
Where is Water Street by the Park located?
Water Street by the Park is just steps away from Kelowna City Park and beautiful Okanagan Lake in downtown Kelowna. Everything you need is within easy reach.
How many towers will be in Water Street by the Park?
Water Street by the Park will consist of three landmark towers and will be the new home to the tallest tower in the British Columbia Interior. Tower 1 was the first to release at 24 stories and has since sold out. The Eli (Tower 2) at 42 stories is now selling, followed by Tower 3 with 28 stories.
Does Water Street by the Park have a Presentation Centre?
You can tour our Kelowna Presentation Centre at 1660 Water Street from Wednesday - Sunday 12pm-5pm. If outside of Kelowna, you can book a virtual appointment.
Will Water Street by the Park allow assignment?
Purchasers will have the ability to assign their Contract of Purchase & Sale with developer approval at an assignment fee of 2% plus a $1,000 administration fee & GST. Assignments will only be considered when Water Street by the Park has reached 90% in sales for the entire community.
Will parking be available for purchase?
Yes, parking is available for purchase, please speak with your Water Street by the Park Sales Associate for details on pricing and availability. 3 bedroom & den units will come with 1 parking stall included.
What amenities will be part of the community?
All homes will have access to The Deck at Water Street featuring an abundance of world class indoor and outdoor amenities to enjoy year-round. All amenities are located on the 6th floor podium at the base of Tower 1 and Tower 2. Amenities Include:
•Outdoor pool
• Two hot tubs
• Putting green
• Outdoor barbeques
• Outdoor firepits
• Fully equipped gym with lake views
• Yoga and spin room
• Sauna
• Theatre room
• Art room
• Communal recreational space
• Co-working space
• Dog run
• Dog wash station
Will Water Street by the Park offer views?
The towers have been thoughtfully positioned to maximize the expansive lake, valley and city views. All of our homes start on the 7th floor and most will offer lake views. Additionally, the amenities deck on the 6th floor will offer lake views. You can sample views from every unit at our Presentation Centre.
Will there be commercial space in Water Street by the Park?
Water Street by the Park offers approximately 45,000 square feet of retail and office space that will be curated with amenities and services to bring convenience right to your front door.
What are the projected strata fees?
Estimated strata fees will be available for review prior to purchase.
Will gas be included in strata?
Yes, every unit will come equipped with a gas stove and outfitted with a gas bib on the balcony to allow for the convenience of a gas BBQ.
Is Water Street by the Park pet friendly?
Yes, two pets any size. All details will be provided in the bylaws.
When is completion scheduled?
Deliveries for homes in Tower 1 and Tower 2 are anticipated to begin in Spring 2025.
What is the deposit amount required to purchase at Water Street by the Park?
Currently, owning a home at Water Street by the Park begins with just a 10% deposit.
For a limited time, you can claim a Diamond Collection home - 12 penthouse and sub-penthouse homes located on the top floors of Tower One offering superior Okanagan Lake, city, and valley views - starting with just 5% down. Please speak to a sales advisor for more information.
Can purchasers rent the units?
Yes, the developer will not be placing rental restrictions in the proposed Strata Bylaws for the development, however any municipal restrictions will apply.
Can I purchase more than one condo?
Yes, an individual has the opportunity to purchase up to two homes per tower, a deposit requirement of 20% will be applicable on each home.