Kelowna secured an early exemption from the province's short-term rental rules, and as of June 1st, eligible properties, those rezoned into the city's short-term rental subzone, can now operate as short-term rentals without owner-occupancy restrictions. The eligible buildings are concentrated in the Lower Mission, Pandosy area, and downtown, with smaller pockets near the airport, in McKinley Beach, and in Lake Country.
In the Lower Mission, buildings like Mission Shores, Aqua, Playa del Sol, and Cabana have eligible units ranging from roughly $500,000 for a one or two-bedroom up to well over a million for larger units. Downtown options range from micro-units around $250,000 up to larger units in newer buildings like Brooklyn on St. Paul Street.
Further out, Pinnacle Point near the airport and several buildings in McKinley Beach also qualify, often at a lower price per square foot than downtown, which can appeal to buyers targeting golfers, wine tourists, or longer-term tenants. As always, eligibility can change, so I'd recommend confirming current short-term rental status in the strata documents before writing an offer.
If a short-term rental property is part of your investment plan, I can walk you through the current eligible list and which buildings make the most sense for your goals. Just reach out and we'll get started.
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