A rare opportunity to own a quality Kelowna vacation home with short-term rental flexibility. This is the best-priced offering at Caban by Cressey, one of Kelowna’s premier beachfront communities and one of the few concrete buildings in the area permitting short-term rentals. Set at the quieter north end of the building, this private corner residence offers a peaceful setting away from the pool and street, while still steps from resort-style amenities, Gyro Beach and Pandosy Village. Thoughtfully designed with Cressey’s signature quality, the home features soaring ceilings, oversized windows, elevated finishings and a highly functional layout ideal for a lock-and-leave retreat, full-time residence or income-generating Airbnb investment. The kitchen showcases integrated premium appliances like a 6 burner JennAir gas range, Caesarstone quartz countertops, Italian cabinetry and smart storage solutions for effortless everyday living. Located in the heart of Lower Mission, you're just steps from neighbourhood favourites like Deville Coffee and Sandrine, along with restaurants, Mission Plaza and the top beaches. Residents and guests enjoy resort-style amenities including a 25 metre lap pool, hot tub, Himalayan salt sauna, well-equipped fitness centre and poolside lounge areas. This 2 bedroom residence offers one of the best-value entry points into this rarely available, high-quality concrete build in one of Kelowna’s most desirable Okanagan vacation destinations.
Property details
2
Beds
1 full
Baths
686 ft²
Floor area
2024
Year built
1
Storey
1
Parking
$393/mo
Strata fee
$3,165/yr
Gross tax
Location & structure
Single Family
Type
Lower Mission
Area
Other
Style
Listed
June 29, 2026
Structure
Apartment
PID
032-382-286
Property highlights
Mountain view
Waterfront
City view
Gym
Pool
Hot tub
Building amenities
Party room
Sauna
Features & inclusions
Appliances
Refrigerator, Range - Gas, Dishwasher, Microwave, Hood Fan, Washer/Dryer Stack-Up
Heating
Heat Pump, Forced air
Cooling
Central air conditioning
Parking
Underground
Lot
Balcony
Community
Pets Allowed, Pet Restrictions, Rentals Allowed
Additional details
Common interest
Condo/Strata
Listed by Oakwyn Realty Okanagan-Letnick Estates. Last updated Jul 7, 2026, 1:30 PM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
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Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $139,960 down (20%) on $699,800, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 472 listings
Detached
161
34.1%
Condo / Apartment
154
32.6%
Townhouse
114
24.2%
Duplex
14
3.0%
Other
11
2.3%
Other
18
3.8%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Kelowna · 175 dwellings
Row house55 · 31.4%
Low-rise apartment55 · 31.4%
Single-detached50 · 28.6%
Apartment in duplex10 · 5.7%
Semi-detached5 · 2.9%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59350061· Kelowna· 0.12 km²
Median rent here
$1,650
Owner shelter cost
$1,000
Renters
33.3%
30%+ on shelter
17.1%
Population (2021)
327
Median age
44.4
Avg household size
1.9
Avg household income
$99,000
Renters
33.3%
Owners
63.9%
Immigrants
16.9%
Post-secondary
67.2%
Avg home value
$570,000
Single status
28.1%
Not in labour force
32.8%
Households with kids
20.6%
Median rent
$1,650
Owner shelter cost
$1,000
30%+ on shelter
17.1%
Breakdown
$15,000 to $19,999
5
3.1%
$20,000 to $24,999
5
3.1%
$25,000 to $29,999
10
6.3%
$30,000 to $34,999
5
3.1%
$35,000 to $39,999
5
3.1%
$40,000 to $44,999
5
3.1%
$45,000 to $49,999
15
9.4%
$50,000 to $59,999
10
6.3%
$60,000 to $69,999
15
9.4%
$70,000 to $79,999
10
6.3%
$80,000 to $89,999
10
6.3%
$90,000 to $99,999
10
6.3%
$100,000 to $124,999
15
9.4%
$125,000 to $149,999
10
6.3%
$150,000 to $199,999
20
12.5%
$200,000 and over
10
6.3%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59350061).
Market story
Rent in Kelowna
Census 2021 avg $1,650/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
