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1187 Sunset Dr - One Water Street 930 SF Retail Condo Unit Offered at $492,992 in Kelowna, BC V1Y 9W6
Investment Highlights
- Prominent location within one of Downtown Kelowna’s most iconic mixed-use developments.
- Immediate adjacency to Okanagan Lake, waterfront amenities, and regional entertainment hubs.
- Modern infrastructure with select spaces pre-equipped for restaurant or food service operations.
- Strong visibility along major intersections, combined with consistent pedestrian activity.
- Flexible unit configurations ranging from boutique spaces to larger format retail opportunities.
- Direct access to a vibrant residential community and year-round visitor traffic.
Executive Summary
One Water Street is centrally located in downtown Kelowna, steps from Okanagan Lake, the waterfront promenade, and the city’s dynamic North End – one of Kelowna’s most vibrant and culturally rich neighbourhoods. Positioned between the city’s Cultural and Entertainment District and the Bernard Avenue shopping corridor, the community offers a walkable urban lifestyle surrounded by lakeside amenities, contemporary residential towers, and a diverse mix of retail, dining, and entertainment options. Downtown Kelowna is known for its scenic waterfront and lively urban core, home to upscale boutiques, local retailers, cafes, craft breweries, and many of the Okanagan’s most acclaimed restaurants and wine bars. The area also features marquee hospitality and lifestyle destinations, including the Delta Hotels by Marriott Grand Okanagan Resort, specialty grocers, and boutique fitness studios. The adjacent Cultural and Entertainment District enhances the neighbourhood’s appeal with tree-lined streets, parks, beaches, and an impressive collection of arts and entertainment venues. This includes the Kelowna Art Gallery, Rotary Centre for the Arts, and Prospera Place – the city’s largest event venue and host to major concerts and year-round programming. The North End further provides access to galleries, museums, performance spaces, public art, outdoor festivals, classes, and workshops that animate the area throughout the year. With Waterfront Park, marinas, cycling paths, and numerous community amenities just steps away, along with immediate access to Bernard Avenue’s primary retail and dining offerings, One Water Street stands as one of the most desirable and well-connected addresses in the Okanagan.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User |
| Sale Type | Owner User |
Located just steps from Okanagan Lake, the waterfront boardwalk, and some of the city’s most popular dining, entertainment, and recreational amenities, the area attracts both locals and year-round visitors. With the ongoing growth of downtown Kelowna and the Okanagan region, these commercial strata units represent a highly desirable opportunity to secure a foothold in a rapidly expanding market.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1176 | 930 SF | Retail | $492,992 USD ($530.10 USD/SF) | - |
Unit 1176
| Unit Size |
| 930 SF |
| Condo Use |
| Retail |
| Price |
| $492,992 USD ($530.10 USD/SF) |
| NOI |
| - |
Unit 1176
| Unit Size | 930 SF |
| Condo Use | Retail |
| Price | $492,992 USD ($530.10 USD/SF) |
| NOI | - |
| Sale Type | Owner User |
| Sale Notes | |
| RLK Commercial and CBRE Limited are pleased to offer for sale, on behalf of the Vendor, four premium retail strata units located at One Water – Kelowna’s landmark mixed -use community in the heart of the city’s vibrant urban core. One Water is a striking two -tower, master-planned project comprised of a 36 -storey East Tower and a 29 -storey West Tower, rising prominently above downtown Kelowna and offering immediate access to thousands of residents within the development and the surrounding high -density residential neighbourhood. The site benefits from strong pedestrian activity, seamless access to public transit, and proximity to many of Kelowna’s most notable lifestyle destination.<br> <br> Located just steps from Okanagan Lake, the waterfront boardwalk, and some of the city’s most popular dining, entertainment, and recreational amenities, the area attracts both locals and year-round visitors. With the ongoing growth of downtown Kelowna and the Okanagan region, these commercial strata units represent a highly desirable opportunity to secure a foothold in a rapidly expanding market.</li></ul> |
Property Facts
| Total Building Size | 372,168 SF | Floors | 36 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 10,338 SF |
| Property Subtype | Apartment | Year Built | 2022 |
| Building Class | A | Lot Size | 2.83 AC |
| Total Building Size | 372,168 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 36 |
| Typical Floor Size | 10,338 SF |
| Year Built | 2022 |
| Lot Size | 2.83 AC |
Amenities
Site Amenities
- Wheelchair Accessible
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1187 Sunset Dr - One Water Street
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