Nikola by Tien Sher & Stryke Group is the Innovation District's first building.

1704 Government Street, Penticton

Move In: 2027


Nikola by Tien Sher & Stryke Group is the Innovation District's first building.

Nikola at a Glance

Where is Nikola by Tien Sher & Stryke Group?
At Government Street & Industrial Avenue East in the Innovation District of Penticton.

Do the condos have air conditioning?
Nikola’s homes, amenities, and common areas are are air conditioned.

Is there a supermarket within walking distance?
Nature’s Fare Markets is 800m from Nikola.

You’re Not Just Buying a Home, You’re Buying a Community

Nikola exterior as seen from the northwest on Government Street.

Be among the first to call Penticton’s Innovation District master-planned community, home. Nikola, a father & son collaboration between Tien Sher Group and Stryke Group, is the first building in the first of seven phases.

This 6-storey, mixed-use mid-rise features Scandinavian-inspired architecture reflecting the neighborhood’s industrial past. Wood tones and shades of green evoke the region’s natural beauty.

Nikola offers a selection of 127 condominiums with 353 – 860 sq ft of inside living space. Floorplans range from studios to family-friendly 3-bedroom suites.

Interiors by Area3 Design are finished in a choice of Light or Medium colour schemes that feature a stainless steel Samsung appliance package, deluxe cabinets with integrated pulls, quartz countertops, and large-format porcelain floor tiles.

Nikola boast’s Penticton’s first rooftop amenity that includes an infrared barrel sauna, al fresco dining area, grill station, lounge, and captivating views.

This is complemented by a wellness hub with a fitness centre and yoga studio, co-working space, a parcel delivery system, bike share program, and a dog wash station.

Nikola Okanagan Valley Location

Situated at Government Street & Carmi Avenue, across from the Penticton Regional Hospital, Innovation District is a 10-acre, master-planned community consisting of 13 woodframe and mass timber buildings from six to 12 storeys.

The community will be built out over 10 to 12 years in seven phases, and will include 1,500 residences, a public plaza, offices, medical services and clinics, childcare, cafés, restaurants, and a half acre of park land.

Nikola exterior as seen from the plaza looking west.

Nikola’s central location between Okanagan and Skaha lakes means you are no more than a 10-minute drive from all that Penticton offers. Penticton Plaza shopping, Carmi Elementary School, Leir House Cultural Centre, and McLaren Arena are all within 1km.

With a mild climate and thousands of hours of sunshine, outdoor adventures become a way of life. Golfers can perfect their game at Penticton Golf & Country Club. Serious hikers head to Skaha Bluffs Provincial Park.

Summers are synonymous with the lake. For watersports, Skaha Marina has a boat ramp to launch your personal watercraft or boats, jetskis, and paddleboards to rent. In winter, champagne powder beckons at Apex Mountain Resort.

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What is the Pricing for Nikola?

These Penticton condominiums by Tien Sher & Stryke Group start from $279,900.

Deposit Structure

Deposit: 10%

  • 1st Deposit: $5,000 bank draft at writing
  • 2nd Deposit: 5% of purchase price (less $5k) 30 days from vendor acceptance
  • 3rd Deposit: 5% of purchase price 6 months from vendor acceptance
What are the Maintenance Fees?

Nikola strata fees are estimated at $0.53 per sq ft per month.

Buyer Incentives
  • Developer leaseback
  • Co-buying
  • 0% assignment fee on first 50 homes ($1,750 admin fee)
  • Storage locker included

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What Floorplans does Tien Sher Group offer?

Contact me today to discuss availability and plans according to your needs.

What will the Interiors by Area3 Design look like?

Nikola Main Living Area
  • Spacious balconies are designed to elevate your living experience, providing ample space for leisure and gatherings with your loved ones
  • Expansive double-glazed windows filter natural light across living spaces
  • All living spaces are enhanced with sleek roller shades, offering both tranquility and privacy
  • Energy-efficient, front-loading in-suite LG washer & dryer
  • Polished chrome door hardware throughout adds a sleek, modern touch
  • Energy-efficient LED panel lights provide vibrant illumination across the main living areas
  • Energy recovery ventilation (ERV) system for enhanced indoor air quality
  • Air conditioning throughout all homes, amenities, and common areas ensures a comfortable temperature all year long
  • Choose from one of two light-hued, Okanagan-inspired colour palettes: Light or Medium
Kitchens by Area3

  • Contemporary kitchen design with sleek cabinetry, integrated pulls, and soft-close features
  • Effortlessly manage waste with under-cabinet pull-out recycle and waste bins, keeping your space organized and clutter-free
  • All cabinetry is illuminated via recessed LED lighting, contributing to both ambiance and design
  • Versatile storage solutions are seamlessly integrated with a built-in Lazy Susan corner cabinet, maximizing convenience and easy access
  • Undermount stainless steel sink and chrome pull-down faucet
  • Quartz countertops paired with porcelain backsplashes provide exceptional durability.
  • State-of-the-art Samsung appliance package:
    • 24″ stainless steel appliance package for studio and one-bedroom homes
    • 30″ stainless steel appliance package for two and three- bedroom homes
    • Slide-in range with built-in air fry feature and wifi connectivity
    • Slim line pullout hood fan
    • Fully integrated stainless steel dishwasher ensures peaceful and efficient cleaning
Nikola Bathrooms

Nikola en suite.

  • Quartz countertops and backsplashes offer timeless elegance and durability, promising enduring quality and style for years to come
  • Experience contemporary luxury with large-format 12″ x 24″ porcelain tile flooring and shower wall tiles in en suites
  • Modern ceramic wall tiles adorn the bath areas in all main bathrooms
  • Toilets feature dual-flush mechanisms and soft-close lids
  • Unwind in the relaxing soaker-style bathtub in the main bathroom, complemented by a chrome-finished rainfall shower/tub combo
  • En suites and studio bathrooms featuring an enclosed glass shower and bathtubs with chrome-finish rainfall showerheads

What Amenities does Nikola have?

Artist's sketch of Nikola rooftop amenity.

Homeowners will enjoy use of Penticton’s first rooftop patio, with panoramic views of Skaha and Okanagan lakes. Amenities include an infrared sauna, firepit lounges, and an al fresco dining area with a grill space.

Nikola co-work space.

Indoor amenities feature a private room for Zoom calls, co-working spaces, a podcast & meeting room, a gym with yoga studio, and a dog wash station.

Do Tien Sher & Stryke Group have Parking & Storage?

Nikola provides residents with underground parking, storage lockers, and bicycle storage.

All residential parking stalls are pre-wired for electric vehicle charging.

Cyclists will have use of a bike wash, a repair room, and e-bike charging stations for their personal bikes. There will also be a community bike sharing program.

Who is the Nikola Development Team?

Nikola Developers

Founded in 2005, the Tien Sher Group of Companies is a fully-integrated real estate development firm named for the “three lions” as represented by founder, Charan Sethi, and his two sons.

The highly-focused team of specialists at Tien Sher oversees the acquisition, planning, design, construction, marketing, sales, and customer care of a broad spectrum of residential developments across the Lower Mainland.

Charan’s philosophy challenges the entire team to treat each condominium and townhome that carries the Tien Sher brand as if they were building it for themselves.

Other projects featured here include Flamingo Towers, Q5, and Chatham 3755.

With over 60 years of combined real estate experience, Stryke Group possesses knowledge and insights that can be applied to every project in which the team is involved in.

Stryke Group is deeply committed to creating sustainable and thriving communities through real estate development.

By combining a long-term vision, extensive experience, and a strong network, Stryke lays a strong foundation for success in navigating the complexities of developing real estate.

Architect for Nikola

Arcadis is the world’s leading codesign, engineering, digital, and consultancy for natural and built assets.

The firm has more than 36,000 architects, data analysts, designers, engineers, project planners, water management, and sustainability experts — all driven by a passion for improving quality of life.

Arcadis exists to find solutions to today’s most pressing challenges, from the impact of climate change to increasing urbanization and digital transformation – all with the goal of improving quality of life for people around the world.

Other projects featured here include Italia, 1650 Alberni, Passages, and 16th & Cambie

Nikola Interior Designer

Area3 Design is a collaborative interior design firm that creates innovative interiors with an international sensibility.

Known for their boutique luxury West Side projects, such as Cambridge Mews, their residential spaces are both functional and beautiful, with careful attention to tone, texture, and colour throughout every space.

Other projects featured here include Acorn, Berkeley Village, and Brillia.

Aerial view of Nikola looking west towards Lake Okanagan.

When will Nikola be completed?

Tien Sher and Stryke Group expect occupancy will be possible in late 2027.

Related Okanagan Strata Homes

Are you interested in learning more about other homes in Penticton, Summerland, or Peachland?

Check out Beach House, Sokana, Revo, and these great Okanagan Presales!

Confused by real estate jargon? Check out this glossary of real estate terms.

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