278 Leon Avenue, Kelowna
Move In: 2026
Priced from $594,999
Water Street by the Park by Orchard Park Properties – Plans Availability Prices
🎁 Latest Incentives & Pricing for Water Street by the Park
(Updated on September 4, 2026)
💰 Pricing Information
💰 Starting Price: Priced from $594,999
📅 Estimated Completion: 2026
📊 Price Grid as of September 2026
| Tower | Unit | Bedrooms | Exposure | Price | Decorating Credit | |---|---|---|---|---|---| | 1 | 2103 | One + Den | E | $594,999 | $45,000 | | 1 | 1904 | Two | SE | $821,999 | $55,000 | | 1 | 2202 | Two | SE | $915,999 | $70,000 | | 1 | 2208 | Three + Den | NW | $1,399,999 | $90,000 | | 2 (The Eli) | 2903 | One + Den | E | $640,999 | $55,000 | | 2 (The Eli) | 2808 | One + Den | W | $769,999 | $65,000 | | 2 (The Eli) | 2804 | Two | SE | $825,999 | $55,000 | | 2 (The Eli) | 2802 | Two | NE | $899,999 | $55,000 | | 2 (The Eli) | 3302 | Two | NE | $1,020,999 | $65,000 | | 2 (The Eli) | 3207 | Three + Den | SW | $1,456,999 | $100,000 |
📊 Price Grid as of August 2026
| Tower | Unit | Bedrooms | Price | Decorating Credit | |---|---|---|---|---| | Tower 1 | 2103 | One + Den | $594,999 | $45,000 | | Tower 1 | 1904 | Two | $821,999 | $55,000 | | Tower 1 | 2202 | Two | $915,999 | $70,000 | | Tower 1 | 2208 | Three + Den | $1,399,999 | $90,000 | | Tower 2 | 2903 | One + Den | $640,999 | $55,000 | | Tower 2 | 2808 | One + Den | $769,999 | $65,000 | | Tower 2 | 2804 | Two | $825,999 | $55,000 | | Tower 2 | 2802 | Two | $899,999 | $55,000 | | Tower 2 | 3302 | Two | $1,020,999 | $65,000 | | Tower 2 | 3207 | Three + Den | $1,456,999 | $100,000 |
🎁 Incentives as of July 2026
- Complimentary lunch, refreshments, and sweet treats during the Open House tour.
- Summer Savings Promotion with up to $140,000 in savings on select move-in ready homes.
- Decorating credits available ranging from $45,000 to $100,000 depending on the unit
📊 Price Grid as of July 2026
| Tower | Unit # | Bedrooms | Exposure | Price | Decorating Credit | |---|---|---|---|---|---| | 1 | 2103 | One + Den | E | $594,999 | $45,000 | | 1 | 1904 | Two | SE | $821,999 | $55,000 | | 1 | 2202 | Two | SE | $915,999 | $70,000 | | 1 | 2208 | Three + Den | NW | $1,399,999 | $90,000 | | 2 (The Eli) | 2903 | One + Den | E | $640,999 | $55,000 | | 2 (The Eli) | 2808 | One + Den | W | $769,999 | $65,000 | | 2 (The Eli) | 2804 | Two | SE | $825,999 | $55,000 | | 2 (The Eli) | 2802 | Two | NE | $899,999 | $55,000 | | 2 (The Eli) | 3302 | Two | NE | $1,020,999 | $65,000 | | 2 (The Eli) | 3207 | Three + Den | SW | $1,456,999 | $100,000 |
🎁 Incentives as of June 2026
- Up To $140,000 In Savings For Your Clients
- Summer Savings now available on 10 select floorplans
- Up To 140K In Savings For Your Clients
- Decorating credits ranging from $45,000 to $100,000 on select homes
- Save up to $140,000 on select move-in ready homes
- Unit 2103 (1 Bed + Den): $45,000 Decorating Credit
- Unit 1904 (2 Bed): $55,000 Decorating Credit
- Unit 2202 (2 Bed): $70,000 Decorating Credit
- Unit 2208 (3 Bed + Den): $90,000 Decorating Credit
- Unit 2903 (1 Bed + Den): $55,000 Decorating Credit
- Unit 2808 (1 Bed + Den): $65,000 Decorating Credit
- Unit 2804 (2 Bed): $55,000 Decorating Credit
- Unit 2802 (2 Bed): $55,000 Decorating Credit
- Unit 3302 (2 Bed): $65,000 Decorating Credit
- Unit 3207 (3 Bed): $100,000 Decorating Credit
📊 Price Grid as of June 2026
| Tower | Unit # | Beds | Exposure | Old Price | New Price | Decorating Credit | |---|---|---|---|---|---|---| | 1 | 2103 | 1 + Den | E | $609,999 | $594,999 | $45,000 | | 1 | 1904 | 2 | SE | $829,999 | $821,999 | $55,000 | | 1 | 2202 | 2 | SE | $929,999 | $915,999 | $70,000 | | 1 | 2208 | 3 + Den | NW | $1,449,999 | $1,399,999 | $90,000 | | 2 (The Eli) | 2903 | 1 + Den | E | $649,999 | $640,999 | $55,000 | | 2 (The Eli) | 2808 | 1 + Den | W | $779,999 | $769,999 | $65,000 | | 2 (The Eli) | 2804 | 2 | SE | $834,999 | $825,999 | $55,000 | | 2 (The Eli) | 2802 | 2 | NE | $909,999 | $899,999 | $55,000 | | 2 (The Eli) | 3302 | 2 | NE | $1,029,999 | $1,020,999 | $65,000 | | 2 (The Eli) | 3207 | 3 + Den | SW | $1,479,999 | $1,456,999 | $100,000 |
🎁 Incentives as of April 2026
- An exclusive Developer Credit is available on this select release of assignment homes, with significant savings.
📊 Price Grid as of April 2026
| Tower | Unit | Bedrooms | Exposure | Old Price | Incentive Price | |---|---|---|---|---|---| | 1 | 1505 | 1 Bed | SE | $475,000 | $454,999* | | 1 | 1403 | 1 Bed + Den | E | $519,999 | $509,999* | | 1 | 2103 | 1 Bed + Den | E | $689,999 | $609,999 | | 1 | 2203 | 1 Bed + Den | E | $699,999 | $629,999 | | 1 | 1904 | 2 Bed | SE | $914,999 | $829,999 | | 1 | 2202 | 2 Bed | SE | $1,049,999 | $929,999* | | 2 (The Eli) | 4006 | 1 Bed | S | $709,999 | $647,999 | | 2 (The Eli) | 3803 | 1 Bed + Den | E | $839,999 | $739,999* | | 2 (The Eli) | 804 | 2 Bed | SE | $724,999 | $699,999* | | 2 (The Eli) | 2804 | 2 Bed | SE | $899,999 | $834,999 | | 2 (The Eli) | 3104 | 2 Bed | SE | $939,999 | $879,999 | | 2 (The Eli) | 2802 | 2 Bed | NE | $979,999 | $909,999 | | 2 (The Eli) | 3602 | 2 Bed | NE | $1,089,999 | $1,069,999 | | 2 (The Eli) | 2809 | 2 Bed | NW | $1,199,999 | $1,099,999 | | 2 (The Eli) | 3207 | 3 Bed | SW | $1,589,999 | $1,479,999 | | 2 (The Eli) | 3208 | 3 Bed | NW | $1,589,999 | $1,479,999 | | 2 (The Eli) | 4008 | 3 Bed | NW | $2,000,000 | $1,859,999 |
🎁 Incentives as of January 2026
- attractive limited time pricing now available on final residences
🎁 Incentives as of December 2025
- Secure a completed home with preferred pricing.
- Preferred pricing on completed homes
- Limited time price reductions available on select floorplans
- Clients can secure a completed home with preferred pricing.
🎁 Incentives as of August 2025
- Assignment opportunities
- special assignment opportunities
- preferred pricing on final homes for your clients
- For completing a short survey.: $1,000 Visa gift card
- Entered to win for completing a survey.: $1,000 Visa gift card
REDMA COMPLIANCE: All incentive and pricing information is automatically extracted from developer communications and is subject to change without notice. This information does not constitute a binding offer. All sales are subject to execution of Purchase and Sale Agreement and developer approval. Prospective purchasers must verify current incentives and pricing directly with the developer’s authorized sales representatives and review all REDMA-required disclosure documents before making purchase decisions. Licensed real estate services provided under RESA regulations. E.&O.E.
At a Glance
- located at Water Street & Leon Avenue
- 24-, 30-, 42-storey towers
- 650 strata condominiums
- 45,000 sq ft of retail & restaurant space
- close proximity to bike & walking trails
- steps from City Park beach & amenities
- close to Downtown Kelowna shopping & restaurants
- 8-minute walk to Cultural District venues
- short drive to West Kelowna wineries
Designed to Re-energize Kelowna’s Downtown
Water Street by the Park is a new mixed-use development by Orchard Park Properties set to transform Downtown Kelowna’s waterfront. Consisting of three residential towers — including what is to become the BC Interior’s tallest building — the project includes 650 condominiums, 45,000 sq ft of street-level commercial space, and over 48,000 sq ft of resort-style amenities. A striking mass timber bridge spanning Leon Avenue will offer joint access to the parkade and present a visual gateway to City Park at the end of the block.
Located at the eastern end of the William R. Bennett Bridge, Water Street by the Park enjoys an enviable location next to Kelowna’s beloved City Park. The waterfront oasis includes a long sandy beach, playground, picnic area, waterpark, lawn bowling, skatepark, tennis courts, and sports fields. Cafes, restaurants, shops, and professional services are just steps outside your door, while the Cultural District’s nightlife is but a short stroll away. Be a part of Kelowna’s re-energized downtown.
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Pricing for Water Street by the Park
This project is currently in its pre-construction phase. Sign up to my VIP list above for priority access to Water Street by the Park updates.
Floor Plans for Water Street by the Park
Tower A, the first to be built, will feature 18 residential storeys, with 156 units. Tower B will have 36 residential storeys, with 340 units. Tower C will have 22 residential storeys, with 154 units.
Contact me today to discuss availability and plans according to your needs.
Amenities at Water Street by the Park
The sixth floor above the podium will include indoor and outdoor resort-style amenities for each of the three towers. Retail and restaurant spaces totaling 45,000 sq ft will be located on the ground level. Tower B and Tower C will be connected by a striking mass timber bridge spanning Leon Avenue.
Parking and Storage
A parkade located within one basement level and the five-storey podium will provide 727 vehicle parking stalls and 566 long-term bike parking spots. Street-level parallel parking will also be available along Leon Avenue.
Maintenance Fees at Water Street by the Park
TBA.
Developer Team for Water Street by the Park
Orchard Park Properties is a North Vancouver-based property development company founded by Anthony Beyrouti. As a winner of the North Vancouver Chamber of Commerce “Young Entrepreneur of the Year” award in 2013, Beyrouti is best known for his company, Venue Kings Ticket Brokers, and its associated non-profit group, VK Basketball.
HDR Architecture is a full-service architecture firm with more than 40 offices throughout the globe. For more than a century, HDR has partnered with clients to shape communities and push the boundaries of what’s possible. The firm’s role in high-profile projects has made HDR one of the most respected architectural firms in the industry and a world-leading designer of healthcare, civic, science & technology, higher education, and corporate and commercial buildings and spaces.
Expected Completion for Water Street by the Park
TBA.
Are you interested in learning more about other homes in Kelowna, Peachland, or Penticton?
Check out PeachTree Village, Ariva, Riverside, and these great Okanagan Presales!
Frequently Asked Questions
When will Water Street by the Park be completed?
Completion is estimated for Move-in ready.
Who is developing Water Street by the Park?
Water Street by the Park is developed by Orchard Park Properties.
How much will my mortgage be at Water Street by the Park?
Calculate your monthly payments using our 40 year mortgage calculator canada based on Water Street by the Park pricing and your down payment amount.
What’s the GST rebate for new construction in BC?
First-time home buyers in BC can receive up to $36,000 in combined GST and PTT rebates. Use our GST rebate calculator to calculate your exact savings.
Where can I find all presales across BC?
Have a look at our list of all the Presales Condos Vancouver has to offer as well as the developments across British Columbia with pricing, floor plans, and completion dates.
Is Water Street by the Park close to SkyTrain?
Yes, Water St at Leon Ave is 45m away (1 minute walk).
What shopping is near Water Street by the Park?
The District on Bernard is 427m away with convenient shopping options.
What restaurants are near Water Street by the Park?
Walking distance to 20 restaurants in the area.
What schools are near Water Street by the Park?
Deborah Pearce, Counselling (95m) and VanWest College (352m) are nearby.
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