Kelowna condos meld lake views with walkability

“We really haven’t seen interest rates affect us,” says Melissa Aulenbach, director of sales for Epic Realty, selling the homes in Skywater at Movala.

Not surprisingly, the first presales phase last fall of 129 homes, including 12 townhouses, largely sold out by February, paving the way for the second phase of 196 homes. Robert Dagenais, Stober Group’s director of property development, says the company’s history is rich in both residential rentals and commercial development.

Dagenais said the project’s demographic is a hybrid. “We are looking at the downsizers, those people who already live in the community. They have decided my house is ‘too big for me, but I still want to stay in the neighbourhood.’ We also appeal to the single professional who works at the hospital or at the college and wants a smaller unit.”

The homes are also large, ranging from 1,250 to 2,400 square feet, with a mid-range category between 800 to 1,250 square feet and the smallest category of 800 square feet and less. The small one-bedrooms start at $550,000, the two-bedroom homes start at $750,000, the two-bedroom and two-bathroom floor plans start at $1 million, and the three-bedroom homes’ initial prices are pegged at $1.8 million.

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