Why Buy A Kelowna Waterfront Home or Condo?
Quick Overview of Kelowna Lakeshore Homes
Imagine. A pristine lake shimmering under the sun, its water clear and blue. In the distance, mountains rise from the landscape. A small city is set upon the shores of this lake, offering waterfront parks, clean beaches, and a vibrant downtown district. The finest amenities and cultural activities surround you and your home is right in the middle of all this beauty.
You don’t need to imagine this idyllic life! This is lakefront living at its best, at the Kelowna waterfront district The views are drop-dead gorgeous; downtown is at your doorstep; and beaches, walking trails, and parks all beckon you to join this vibrant community.
Kelowna’s Premier Location
You’ve all heard the old real estate mantra: Location, location, location. This especially holds true when you’re talking about waterfront property, and Kelowna’s water front is no exception to the rule. Homes on Kelowna’s lakeshore are the premier homes of the region.
Okanagan Lake homes hold their value because they are always in high demand. With views of the lake at your doorstep, you should never have a problem selling when it’s time! This district attracts the most discriminating buyers in the region.
Commutes are no problem when you are steps away from downtown! Local executives often justify the higher home price tag with the savings on their commuting and vehicle expenses and just walk blocks from home to work!
This location gives you immediate access to the recreational opportunities offered by Kelowna’s city parks, beaches, and boat launches. That’s not to mention the cultural events, arts, and entertainment provided by local downtown venues.
Local Culture and Fine Arts
Kelowna’s waterfront hosts the downtown arts and cultural district. Here you will find local art, museums, fine dining, and local boutique shopping.
Downtown Kelowna hosts several museums that celebrate the region’s history, culture, and geology:
- Okanagan Heritage Museum
- Okanagan Wine and Orchard Museum
- Okanagan Military Museum
- Central Okanagan Sports Hall of Fame
- The Laurel Packinghouse
Those who appreciate the performing arts will also enjoy live performances by Ballet Kelowna and the Community Theatre. The productions of both of these add to the colorful palette that is downtown Kelowna.
You truly can experience the fine arts in downtown Kelowna.
Freehold vs. Leasehold
Not all Okanagan lakeshore homes will have freehold title. There are many stretches of the lakeshore where cottages have been built on leasehold land. Although you will not be buying the freehold title to the land you still own the buildings on that land, and you’ll have a lease agreement term with the landowner. The advantage to this is that you can usually buy waterfront homes for less than you would buy one that has freehold title. This way you get to enjoy a detached home on Lake Okanagan for a fraction of the cost. A cottage on the lake could be priced anywhere between $700,000 and $2,000,000.
Kelowna Water-front Homes
Kelowna’s Lakeshore homes tend to be smaller to offset the price tag that comes with lakefront living. However, that doesn’t mean that you’re sacrificing quality. These homes are often cottages, condominiums, or townhomes.
Homes are built with an eye for quality with lots of storage and unique architectural details that you’d expect to go with a luxury home. Windows face the water and allow you to take in the stellar lake views while you enjoy your morning coffee or unwind with a glass of local wine at the end of the day.
The condo or townhome option allows you to live a virtually maintenance-free lifestyle which will enable you to work, play, and enjoy all that the Kelowna and downtown have to offer. From boating to museums, it really is a magical place.
Breathtaking properties from a small cabin style home starting at $800,000 upto $14 million for magnificent lakeshore’s acreages. Condo’s without a lakeview start at $350,000 upto $1,600,000 for a townhome with private entrance.