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⚡ Off-Market · Available June 15, 2026

Kelowna STRs that cashflow $2K+/month.

Three furnished, turnkey Airbnb-ready apartments at The Brooklyn and The Aqua. STR-exempt under Kelowna's June 15 carve-out. Cashflowing on Airbnb and VRBO before you close.

3
Units available
Jun 15
STR exemption live
100%
Furnished & turnkey

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The Opportunity

Short-term rental income from day one. Sale value when you're ready.

Three apartments. Two purpose-built STR buildings in downtown Kelowna. One rare window of opportunity.

🏛️

The June 15 Exemption

Kelowna's STR ban hit purpose-built buildings hard. A new exemption activates June 15, 2026, restoring legal short-term rentals in qualifying buildings. The Brooklyn and Aqua are both in.

🛋️

Fully Furnished & Turnkey

All three units come completely furnished, every couch, mattress, kitchen utensil, and linen included. The new owner takes over a fully operational STR on closing day.

📈

Cashflowing Before You Close

From June 15 onward, the units are live on Airbnb and VRBO generating real revenue. Buyers see actual booking data, not hypotheticals, before they sign.

🤝

Superhost Management Optional

Want the most hands-off investment possible? A trusted Airbnb/VRBO Superhost is ready to fully manage your unit on day one. Or self-manage if you prefer. Your call.

Featured Building

The Brooklyn

Downtown Kelowna. 25-storey concrete tower in the Bernard District. Walking distance to the lake, restaurants, and Kelowna's most-walked street.

STR-exempt ✓ Turnkey ✓
Featured Building

The Aqua

Lakefront Kelowna. Vacation-inspired waterfront living on Okanagan Lake, the lifestyle it was designed for, finally legal to share again.

STR-exempt ✓ Turnkey ✓
Get the Full Deal Package →

Floorplans, projected income, and pricing sent directly to your inbox.

The Three Units

One unit at The Brooklyn. Two at The Aqua.

Each unit is being furnished and set up as a fully-managed short-term rental. Floorplans, projected revenue, and pricing are sent to investors on the deal list.

Pro Forma · Unit 711 · The Aqua

$1,745 a month in your pocket.

Here's exactly how the math works on Unit 711, every dollar in, every dollar out, and what's left over.

Monthly Cash Flow
$1,745
After all expenses & mortgage
Cash-on-Cash Return
14.5%
Annual cashflow / cash invested
Cap Rate
8.4%
NOI / purchase price
Year 1 Total Return
22.5%
Cashflow + principal paydown
Monthly

Operating Expenses

What it costs to run the unit every month

Strata fees$331
Property tax$235
Insurance (condo + STR)$100
Hydro & gas$110
Internet (high-speed)$80
Cable / streaming$30
Cleaning supplies & consumables$100
Furniture / linen reserve$100
Maintenance & repairs reserve$150
Total Operating Expenses $1,266 / mo

$15,188 annually

Monthly Average

Income & Cash Flow

From Airbnb / VRBO bookings to cash in hand

Gross STR revenue+ $6,019
Airbnb / VRBO platform fee (3%)− $181
Property management (self-managed)$0
= Net booking revenue$5,838
Less: Operating expenses− $1,266
= Net Operating Income$4,572
Less: Mortgage (P&I @ 4.25%)− $2,828
Pre-Tax Cash Flow $1,745 / mo

$20,936 annually · plus ~$11,528 / yr principal paydown = $32,464 Y1 wealth build

Key Assumptions

Purchase Price$655,000
Down Payment20% ($131,000)
Mortgage$524K · 4.25% · 25 yr
Cash to Close~$144,600
Peak Rates (Jun-Aug)Fri/Sat $625 · Sun-Thu $225
Off-Peak RatesFri/Sat $325 · Sun-Thu $175
Avg. Annual Occupancy75% (87% peak · 73% off-peak)
Management ModelSelf-managed (Superhost optional)
Request Full Pro Forma Spreadsheet →

Pro forma for illustration only. Actual returns depend on market conditions, occupancy, and operator execution. Not financial or investment advice.

Pro Forma · Unit 305 · The Aqua

$2,101 a month, the larger 1BR.

Plan A3 is the bigger Aqua 1BR, 660 SF interior + 125 SF curved balcony. Same simple math, applied to the upgrade unit.

Monthly Cash Flow
$2,101
After all expenses & mortgage
Cash-on-Cash Return
16.4%
Annual cashflow / cash invested
Cap Rate
8.8%
NOI / purchase price
Year 1 Total Return
25.4%
Cashflow + principal paydown
Monthly

Operating Expenses

What it costs to run the unit every month

Strata fees$400
Property tax$250
Insurance (condo + STR)$105
Hydro & gas$120
Internet (high-speed)$80
Cable / streaming$30
Cleaning supplies & consumables$105
Furniture / linen reserve$110
Maintenance & repairs reserve$165
Total Operating Expenses $1,405 / mo

$16,861 annually

Monthly Average

Income & Cash Flow

From Airbnb / VRBO bookings to cash in hand

Gross STR revenue+ $6,721
Airbnb / VRBO platform fee (3%)− $202
Property management (self-managed)$0
= Net booking revenue$6,519
Less: Operating expenses− $1,405
= Net Operating Income$5,114
Less: Mortgage (P&I @ 4.25%)− $3,013
Pre-Tax Cash Flow $2,101 / mo

$25,213 annually · plus ~$13,960 / yr principal paydown = $39,173 Y1 wealth build

Key Assumptions

Purchase Price$698,000
Down Payment20% ($139,600)
Mortgage$558K · 4.25% · 25 yr
Cash to Close~$154,060
Peak Rates (Jun-Aug)Fri/Sat $700 · Sun-Thu $250
Off-Peak RatesFri/Sat $375 · Sun-Thu $190
Avg. Annual Occupancy75% (87% peak · 73% off-peak)
Management ModelSelf-managed (Superhost optional)
Request Full Pro Forma Spreadsheet →

Pro forma for illustration only. Actual returns depend on market conditions, occupancy, and operator execution. Not financial or investment advice.

Pro Forma · Unit 1602 · The Brooklyn

$2,634 a month, 2BR downtown.

Bigger unit, higher rates, same simple math. Here's the full breakdown on Unit 1602.

Monthly Cash Flow
$2,634
After all expenses & mortgage
Cash-on-Cash Return
22.1%
Annual cashflow / cash invested
Cap Rate
10.1%
NOI / purchase price
Year 1 Total Return
31.1%
Cashflow + principal paydown
Monthly

Operating Expenses

What it costs to run the unit every month

Strata fees$450
Property tax$233
Insurance (condo + STR)$110
Hydro & gas$150
Internet (high-speed)$80
Cable / streaming$50
Cleaning supplies & consumables$110
Furniture / linen reserve$130
Maintenance & repairs reserve$170
Total Operating Expenses $1,483 / mo

$17,791 annually

Monthly Average

Income & Cash Flow

From Airbnb / VRBO bookings to cash in hand

Gross STR revenue+ $7,133
Airbnb / VRBO platform fee (3%)− $214
Property management (self-managed)$0
= Net booking revenue$6,919
Less: Operating expenses− $1,483
= Net Operating Income$5,436
Less: Mortgage (P&I @ 4.25%)− $2,802
Pre-Tax Cash Flow $2,634 / mo

$31,612 annually · plus ~$12,980 / yr principal paydown = $44,592 Y1 wealth build

Key Assumptions

Purchase Price$649,000
Down Payment20% ($129,800)
Mortgage$519K · 4.25% · 25 yr
Cash to Close~$143,280
Peak Rates (Jun-Aug)Fri/Sat $725 · Sun-Thu $275
Off-Peak RatesFri/Sat $400 · Sun-Thu $200
Avg. Annual Occupancy75% (87% peak · 73% off-peak)
Management ModelSelf-managed (Superhost optional)
Request Full Pro Forma Spreadsheet →

Pro forma for illustration only. Actual returns depend on market conditions, occupancy, and operator execution. Not financial or investment advice.

The Process

How we get you into cashflow

A simple, no-pressure path from first conversation to keys-in-hand.

01

Strategy Call

30-minute call to understand your goals, capital, and risk tolerance. Zero pressure.

02

Deal Pipeline

You get matched deals, on-market and off-market, with full cashflow analysis attached.

03

Tour & Analyze

We tour together (in person or virtual), run the numbers, and decide if it's a fit.

04

Close & Scale

Full transaction support through closing, and a long-term partner for your next deals.

Stuart Wallensteen, real estate investor and Realtor in Kelowna
About Stuart

An investor's agent, because he's an investor too.

I've been a real estate investor for 12 years and a Realtor for the last 5. I've done every flavor of residential real estate the Okanagan offers. I've owned 11 presales. I've speculated on assignments before completion. I've held presales and converted them into rentals. I've bought older properties to renovate, rent, and flip.

Today, I own and operate two short-term rental units right here in Kelowna that cashflow extremely well. I've also helped numerous clients around the province buy their own short-term rentals, and I share my full playbook with every one of them. That part matters. I don't sell strategies I haven't run myself. The STR investment you're looking at? I'm running the same playbook every day: same Airbnb listings, same Superhost relationships, same monthly P&Ls.

You're not getting a generic Realtor. You're getting someone with skin in the game who tells you the truth, even when the truth is "walk away from this one."

12 yrsReal estate investor
5 yrsLicensed Realtor
11Presales owned
2Active STRs in Kelowna
What Clients Say

Real numbers. Real results.

★★★★★
"Stuart actually told me to walk away from the first place I wanted. The second one cashflows about $1,400 a month after expenses. Hard to find a Realtor who'll lose a commission to save you from a bad deal."
JM
Jessy M.
Multi-property investor, Vancouver
★★★★★
"Every deal he brings me has the numbers attached. Mortgage, strata, taxes, vacancy, the whole thing. I don't have to redo his math, I just check it. We've closed three together."
RS
Ray S.
Portfolio investor, Calgary
★★★★★
"Bought our first Kelowna unit without ever stepping foot in the building. Stuart did the FaceTime tour, sent the inspection report, and we closed in 21 days. It's been booked solid since week one."
KH
Kyle H.
Out-of-province investor, Toronto
FAQ

Common questions

What's the June 15 STR exemption, and how do I know these buildings qualify?
Kelowna's short-term rental restrictions carved out specific exemptions for buildings that were purpose-built for STR use. The Brooklyn and Aqua both fall under that exemption, which activates June 15, 2026. We'll send you the documentation confirming qualifying status as part of the deal package, no guessing, no assumptions.
What does "fully furnished" actually include?
Everything. Beds, mattresses, linens, couches, dining sets, TVs, kitchen appliances, cookware, utensils, decor, towels, the unit is move-in (and guest-in) ready on closing day. We furnish to a Superhost-grade standard, not a bare-minimum standard.
How does the Superhost management option work?
If you want the unit to run completely hands-off, we connect you to a vetted Airbnb/VRBO Superhost partner who handles listings, pricing, guest communication, cleaning coordination, and maintenance. They take a management fee; you take the rest. You're free to self-manage instead, your call, no obligation.
Do I have to be local to invest in Kelowna?
No. A huge share of our investor clients buy from out of province, Vancouver, Calgary, Toronto, even overseas. We do virtual tours, handle inspections, coordinate property management, and walk you through every signature. You never have to set foot in the Okanagan if you don't want to (but you'll probably want to).
What's the minimum investment to get started?
Realistically, you'll want roughly $150K liquid to qualify for a cashflowing property in the current Kelowna market, that covers down payment, closing costs, and a reserve. Bigger deals (multi-family, mixed-use) need more. We'll walk through your specific numbers on the strategy call.
Are these really cashflow-positive after expenses?
Yes, and we'll show you the math. Every deal comes with a full pro-forma: mortgage, taxes, insurance, vacancy, maintenance, property management, capex reserve. If a property doesn't pencil out, we don't bring it to you. Period.
Do you only work with experienced investors?
Not at all. About a third of our clients are buying their first investment property. The strategy call is built for both first-timers and people who already own a dozen units, we meet you where you are.
What's an "off-market" deal and how do you get them?
Off-market means the property isn't (yet) listed publicly on MLS. We get them through 15+ years of relationships with other agents, builders, and owners in the Okanagan. These deals are first-come-first-served to the investor list, which is exactly why the form above exists.
Is there a cost to work with you?
No upfront cost. As your buyer's agent, I'm compensated by the listing side at closing, same as any real estate transaction in BC. The strategy call, the deal pipeline, the analysis, all free until you close on a property.

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