Kelowna’s “best seller” is more than living up to its name.
Last Friday, sales officially opened on homes in One Water Street’s highly anticipated West Tower.
Buyers hungry for a home in downtown Kelowna’s most coveted tower flocked to the One Water Street sales centre and, by the end of the weekend, 140 units worth approximately $70 million had been sold.
Combined with previous sales for the now-nearly full East Tower, buyers have snapped up a total of 344 homes, valued at $200 million, in just eight months.
With last weekend’s performance, developers Henry Bereznicki and Russ Watson of North American Development Group and Kerkhoff Construction are comfortable reaffirming ONE Water Streets standing as the city’s best-selling development.
“We were right in anticipating there would be strong demand for the kinds of homes many were unable to buy in the East Tower,” Watson says. “Add the fact that many West Tower homes have larger balconies, some of the best lake views in the city, and come with amenities rivalling the best resorts, and the value is undeniable.”
Construction has already begun on One Water Street, and once it’s done the project will boast the tallest towers between Vancouver and Calgary, stretching 29 and 36 storeys high.
Those towers will be built atop “The Bench,” a massive, 1.3-acre landscaped amenities space inspired by outdoor living at first-class resorts.
Two swimming pools, a generously sized hot tub, a pickleball court, an outdoor patio with tables and couches, a dog park, barbecue and grilling stations, picnic areas, and fire pit enclaves can all be found there.
Indoors, residents will have access to a large private health club (featuring pilates, yoga and stretch studios), a multi-purpose and entertainment room, two guest suites for out-of-town visitors, and a business centre.
While homes at One Water Street are now two-thirds sold, there is still a chance for buyers to get in on the ground floor and take advantage of pre-construction pricing—but that chance won’t last forever.
Bereznicki says construction will start this summer, a year ahead of schedule, based on the sales success he’s already seen.
Until then, a selection of great homes remains for sale, including two-bedroom lake-view homes (some with flex spaces and dens) from the mid-$500s.
North American Development Group and Kerkhoff Construction have also just released the One Water Street Reserved Collection in the West Tower, featuring townhomes with gorgeous views generously priced in the mid-$700s to $1.5 million range.
Anyone interested can visit ONEWaterStreet.ca or phone 778-940-8385 to register for priority selection.
This article is written by or on behalf of the sponsoring client and does not necessarily reflect the views of Okanagan Edge.
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