Sky’s the Limit: Kelowna High-Rise Growth
Downtown Kelowna is growing up—literally. As of 2025, three major high-rise developments are reshaping the city’s skyline, and they’re bringing more than just glass and height. They’re adding housing, amenities, and long-term implications for property value, rental demand, and lifestyle downtown.
Water Street by the Park – 3 Towers | Tallest: 42 Storeys | Completion: 2026
Just steps from City Park and Okanagan Lake, Water Street by the Park is a three-tower development with 650 condo units. Tower One is sold out, and Tower Two (Eli) has limited inventory remaining, starting at $669,999. Completion is expected in 2026.
Amenities span over 42,000 sq. ft., including a year-round pool, lakeview gym, co-working space, rooftop terraces, and secure bike storage. This project is already reshaping downtown condo expectations.
1333 Bertram – 19 Storeys | Completion: 2026
Mission Group’s 1333 Bertram will bring 157 purpose-built rental units to a quieter corner of downtown Kelowna. Designed for professionals, young families, and downsizers, it offers studio to two-bedroom layouts, underground parking, and 198 secure bike stalls.
Located within walking distance of transit, restaurants, and cultural attractions, this building adds much-needed long-term rental housing to the city core.
UBCO Downtown – 43 Storeys | Completion: 2027
UBCO’s new downtown campus is the most ambitious project in Kelowna’s vertical growth story. At 43 storeys, it will be the tallest building between Calgary and the Lower Mainland. The $262 million project includes 473 residential units reserved for UBC students and staff, plus academic space for the School of Nursing and School of Social Work.
Additional features include an underground parkade, a public art gallery, and a community engagement suite. Beyond the architecture, it signals a shift in Kelowna’s urban fabric—bringing students, researchers, and faculty right into the downtown core.
So, what does this all mean?
For Buyers: It’s a rare moment of choice. More inventory is coming, and with it, options—whether you’re looking to live, invest, or secure a rental property with long-term demand built in.
For Sellers: The landscape is shifting. High-rise construction can increase traffic and draw attention to surrounding resale properties—but also raises the bar in terms of what buyers expect in terms of amenities and value.
If you’re thinking about your next move—whether buying near one of these towers, or selling before the next phase completes—timing matters.
Let’s talk about where you fit in this vertical growth.
Warm regards,
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