Kelowna is no longer a hidden gem. Once known mainly as a summer destination, it has now become one of the fastest-growing metropolitan areas in Canada. According to Statistics Canada, the Kelowna CMA population grew by 14 percent between 2016 and 2021, outpacing most other Canadian cities.
This growth has reshaped the real estate market, and waterfront condos in Kelowna BC, are at the centre of it. With builders like LIV Custom Homes elevating the standard for luxury living, demand for these properties continues to rise.
With their unbeatable lake views, strong investment value, and lifestyle perks, waterfront condos are consistently in high demand. Let’s explore why.
Why Buyers From Across Canada Are Flocking To Kelowna
Kelowna isn’t just drawing locals. Buyers from Vancouver, Alberta, and Ontario increasingly see it as the perfect balance between affordability and quality of life.
Migration Patterns
A steady stream of interprovincial migration flows into the Okanagan each year, particularly from Alberta and the Lower Mainland. Waterfront condos fit this demographic well, offering lock-and-leave convenience for seasonal or part-time residents.
Retirees And Investors
Retirees are drawn by the climate and leisure amenities. Investors, on the other hand, focus on short-term rental potential. With more than 2 million tourists visiting Kelowna annually, waterfront condos are among the most lucrative rental properties available.
Investment Value Of Waterfront Condos
Not all real estate is created equal. Waterfront properties carry a built-in scarcity factor.
Limited Supply, Lasting Demand
Okanagan Lake frontage is finite. As urban growth continues, the limited number of parcels available for development ensures that waterfront condos maintain long-term value.
Rental Potential Table
Here’s a quick look at average seasonal rental pricing in Kelowna for condo units near the waterfront:
| Season | Average Nightly Rate | Occupancy Rate (Estimate) |
| Summer (June–Aug) | $300–$450 | 80–90% |
| Winter (Dec–Feb) | $150–$250 | 55–65% |
Source: AirDNA and Tourism Kelowna market data (2024)
For investors, this combination of premium pricing and high occupancy makes waterfront condos in Kelowna, BC, a stable, cash-flowing asset.
Amenities That Elevate The Experience
Some sections of Kelowna’s condo market would be competitive even without luxury amenities. Waterfront units, however, consistently raise the bar.
- Heated outdoor and indoor pools
- Secure underground parking
- Private gyms and wellness centres
- Concierge and property management services
- Rooftop patios with panoramic lake views
- These extras make condos not just homes, but lifestyle upgrades.
Comparing Waterfront Condos To Other Kelowna Properties
Waterfront condos stand apart from detached homes and townhouses, offering a unique combination of value, convenience, and lifestyle that other property types rarely match.
Convenience And Maintenance
Detached waterfront homes often require extensive upkeep, from landscaping to exterior maintenance and dock management. Condos, by contrast, are maintained through strata services, meaning owners enjoy a lock-and-leave lifestyle.
This makes them especially appealing for seasonal residents, retirees, and investors who do not want to worry about year-round upkeep.
Location Advantage
Most waterfront condos in Kelowna BC, are built in prime locations close to the shoreline, often within walking distance of downtown restaurants, shops, cultural venues, and marinas. Detached homes with the same proximity come at significantly higher prices, while townhouses are less likely to be built on prime waterfront parcels.
Price Accessibility
While single-family waterfront homes can exceed several million dollars, condos offer a more attainable entry point into Kelowna’s luxury real estate market. Buyers can still enjoy direct access to Okanagan Lake without committing to the higher financial and maintenance responsibilities of a detached estate.
Investment Perspective
Townhouses and detached homes may appreciate, but waterfront condos carry the added advantage of strong rental demand. Tourists and seasonal visitors often prefer condos for short-term rentals, given the amenities, central locations, and easier booking options.
This makes condos not only a lifestyle choice but also a high-performing investment option.
About LIV Custom Homes
Since 2013, LIV Custom Homes has been designing and building premium residences in Kelowna and across British Columbia. With over 100 completed projects, LIV is recognized for unmatched craftsmanship, quality materials, and a commitment to client satisfaction.
What sets us apart is our commitment to detail and quality. Every material is carefully chosen, every feature is thoughtfully designed, and every client relationship is handled with transparency and care.
As licensed residential builders with BC Housing, we bring peace of mind to homeowners who want assurance that their home is built to the highest standards.
Ready to explore your options? Contact us today and let’s start designing your dream property in Kelowna.