Welcome to the crown jewel of Aqua—an extraordinary top-floor penthouse in AQUA Tower 2, the most coveted and architecturally impressive tower in the development. Rarely available and impossible to replicate, this residence delivers elevated living with uninterrupted 180° panoramic views over Lake Okanagan, the city skyline, and surrounding mountains. This 2-bedroom, 2-bathroom home is defined by luxury and effortless sophistication. Soaring light-filled interiors, high-end finishes, and fully integrated top-of-the-line appliances create a seamless blend of style and function. Every detail has been thoughtfully designed to complement the view, with floor-to-ceiling glass framing the Okanagan in every direction. Life at Aqua feels like a private resort. Residents enjoy access to two state-of-the-art golf simulators, a stunning outdoor pool and hot tubs overlooking the lake, yoga and meditation spaces, and a fully equipped fitness centre with separate cardio area—amenities designed to elevate both wellness and lifestyle. What truly sets Aqua apart is its rare and powerful investment flexibility. Owners have the ability to operate a major short-term rental without the requirement of it being their principal residence, offering exceptional income potential in one of Kelowna’s most desirable waterfront communities. This is more than a penthouse—it’s a statement. A front-row seat to the Okanagan. And a lifestyle reserved for the few who get there first.
Listed by Royal LePage Kelowna. Last updated Jul 3, 2026, 4:25 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
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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $335,000 down (20%) on $1,675,000, 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.
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
Inventory mix
What this area trades in
Within 3 km of this listing · 365 listings
Detached
133
36.4%
Condo / Apartment
114
31.2%
Townhouse
87
23.8%
Duplex
9
2.5%
Land
6
1.6%
Other
16
4.4%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Kelowna · 355 dwellings
Low-rise apartment200 · 56.3%
Single-detached85 · 23.9%
Apartment in duplex40 · 11.3%
Row house15 · 4.2%
High-rise apartment10 · 2.8%
Semi-detached5 · 1.4%
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 #59350210· Kelowna· 0.34 km²
Median rent here
$1,960
Owner shelter cost
$1,340
Renters
39.1%
30%+ on shelter
31.9%
Population (2021)
737
Median age
46.8
Avg household size
2.1
Avg household income
$108,000
Renters
39.1%
Owners
60.9%
Immigrants
14.5%
Post-secondary
59.1%
Avg home value
$1,220,000
Single status
26.5%
Not in labour force
51.5%
Households with kids
22.2%
Median rent
$1,960
Owner shelter cost
$1,340
30%+ on shelter
31.9%
Breakdown
Under $5,000
10
2.8%
$15,000 to $19,999
10
2.8%
$20,000 to $24,999
15
4.2%
$25,000 to $29,999
15
4.2%
$30,000 to $34,999
10
2.8%
$35,000 to $39,999
15
4.2%
$40,000 to $44,999
15
4.2%
$45,000 to $49,999
10
2.8%
$50,000 to $59,999
30
8.5%
$60,000 to $69,999
25
7.0%
$70,000 to $79,999
10
2.8%
$80,000 to $89,999
20
5.6%
$90,000 to $99,999
20
5.6%
$100,000 to $124,999
40
11.3%
$125,000 to $149,999
35
9.9%
$150,000 to $199,999
30
8.5%
$200,000 and over
45
12.7%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59350210).
Market story
Rent in Kelowna
Census 2021 avg $1,960/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
