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Near half of ONE Water Street buyers from outside the Okanagan

First phase units in ONE Water Street’s East Tower are proving to be very popular with residents of the Lower Mainland.

According to developers, almost half (46%) of the project’s units have been purchased by Metro Vancouver and Lower Mainland residents.

<who> Photo Credit: ONE Water Street.

ONE Water Street’s 36-storey East Tower will set a record for tallest residential development in Kelowna’s history and has peaked interest among Vancouver realtors and pre-retirees says North American Development Group.

"If you were considering buying a downtown luxury high-rise home in Vancouver, you’d expect to pay close to $1,700 to $3,000 per square foot," reads a press release from the ownership group.

"In Kelowna, luxury high-rise homes with similar specifications and amenities, spectacular water views and a vibrant downtown setting can be had for just $700-$800 per square foot."

Almost half of the West Tower’s homes will be priced at or below $500,000, including one-bedroom-and-den floor plans.

<who> Photo Credit: ONE Water Street.

The two glass and concrete towers at ONE Water Street will sit atop a three-storey “podium” topped by an outdoor fourth level elevated 1.3-acre landscaped park called “The Bench”.

Construction on what will be the tallest tower between Vancouver and Calgary upon completion began in mid-February.



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