West Kelowna Real Estate News!
Welcome to the Shield Real Estate Blog. This is the place to visit when you want the latest West Kelowna real estate news. I share monthly tips on a variety of local real estate topics. Everything from what the market statistics mean to how to amp up your curb appeal! Anything I can share to help you prepare your home and yourself for a potential sale is here. Along with what buyers can expect when they want to purchase a West Kelowna home for sale.
Additionally, I love to keep my customers up to date with information about recent listings and solds on my Facebook page. Staying social is a great way to keep my finger on the pulse of the market. It’s also a great way to keep my customers informed! You never know when it will be time to buy or sell a home, but at least you know who your real estate agent in West Kelowna should be!
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West Kelowna Townhomes for Sale Vs. Other Property Types
Real Estate Articles, West Kelowna Real Estate NewsWhen choosing a place to live, townhomes offer a middle ground between single-family homes, condos, and apartments. Each option has its own set of benefits and challenges, depending on your preferences. They are typically found in urban or suburban areas, offering convenient access to city amenities. However, the proximity to neighbours and shared walls can lead to privacy issues. In this blog post, we will take a look at some of the pros and cons of living in West Kelowna townhomes for sale!
The Pros and Cons of Living in West Kelowna Townhomes for Sale
Townhomes combine elements of single-family homes and condos, making them a great intermediary option for those seeking a balance of space, privacy, and affordability. Typically multi-story and sharing one or more walls with neighbours, townhomes provide more space than most apartments or condos. Additionally, they’re more affordable than detached homes and usually come with a small outdoor area or patio, providing a bit of personal green space. In Canada, it is typical for townhomes to be governed by a strata, which can mean extra fees and restrictions on property modifications.
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If you are looking to purchase West Kelowna townhomes for sale, consider hiring a REALTOR® to help! For more information about this area of Kelowna, contact me today! I’d be happy to help you sell or buy homes in this desirable area of the Okanagan. Be sure to check out my Kelowna real estate blog next month for more real estate tips and information. I look forward to working with you in the near future!
Types of Real Estate Near UBC Kelowna
Real Estate Articles, West Kelowna Real Estate NewsThe UBC Okanagan campus in Kelowna is not only an academic hub but also a major influencer in the local real estate market. Whether you’re a student looking for convenient housing, a faculty member seeking proximity to work, or a family wanting a vibrant neighbourhood, the area around UBC Kelowna offers a range of housing options. Condos, townhomes, and single-family homes are the primary types of housing available. In this article, we will discuss these three types of properties to help you determine which is best for your needs.
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What Real Estate Suits You Best?
Condos are a popular choice for students and young professionals looking for modern, low-maintenance living near UBC Kelowna. With many developments offering amenities like gyms, study spaces, and communal lounges, condos provide convenience without the hassle of home upkeep. Additionally, the proximity to the campus allows for easy commutes, whether by foot, bike, or public transit. However, condos near UBC aren’t ideal for growing families.
Instead, those seeking a little more room to sprawl out should consider a townhome. Townhomes offer a great middle ground. These multi-level homes provide more room than condos, making them ideal for small families, roommates, or faculty members who need a home office. Townhomes often include private entrances, small yards, and additional storage, appealing to residents who value privacy but still want to be close to campus.
For families or those looking to settle down long-term, single-family homes in neighbourhoods around UBC Kelowna offer the space and amenities needed for a comfortable lifestyle. These homes often come with larger yards and multiple bedrooms, making them a top choice for families with children.
Additionally, single-family homes offer unique opportunities for homeowners looking to supplement their income by renting out a basement suite or room to students. Given the steady demand for student housing near UBC Okanagan, renting out a suite can provide a reliable source of income for homeowners. This not only helps offset mortgage costs but also enhances the property’s value as a long-term investment.
Contact me About Homes Near UBC Kelowna!
If you are looking to purchase real estate near UBC Kelowna, consider hiring an agent to help! For more information about this area of Kelowna, contact me today! I’d be happy to help you sell or buy homes in this desirable area of the Okanagan. Be sure to check out my blog next month for more real estate tips and information. I look forward to working with you in the near future!
The Impact of Kelowna’s New Sutton Place Hotel at YLW on Real Estate Investment in the University District
Real Estate Articles, West Kelowna Real Estate NewsThe University District in Kelowna, encompassing Quail Ridge, Academy Way, and Airport Village, is already a burgeoning area. This area is gaining in significant appeal for real estate investors. The upcoming construction of The Sutton Place Hotel Kelowna is set to further enhance this region’s attractiveness. The area’s continued boom is offering new opportunities for growth and investment. Here’s why the new hotel development at Kelowna Airport is a game-changer for real estate in the University District.
Enhancing the University District’s Appeal
The Sutton Place Hotel Kelowna, slated to open in 2026, will be situated directly adjacent to Kelowna International Airport’s terminal building. This prime location ensures easy access for travelers and contributes to the area’s desirability. The hotel’s promise of exceptional guest experiences, business amenities, and on-site dining will attract a range of visitors. This is expected to include an influx of business professionals, tourists, and potential residents to the area. This influx of visitors enhances the local economy and increases demand for nearby real estate.
Boosting Property Values
New infrastructure projects like The Sutton Place Hotel typically lead to an appreciation in local property values. The hotel’s construction underscores confidence in the area’s growth potential, signaling to investors that the University District is a smart investment. As the hotel nears completion, we can expect a rise in property values, benefiting current homeowners. In addition, the area is very enticing to new investors looking for profitable opportunities.
Driving Rental Demand
The hotel’s presence will drive demand for short-term rentals in the University District. Especailly, as visitors who prefer private accommodations over hotel stays seek nearby options. While STR’s have been under scrutiny in Kelowna, there have been notable expectations. One such property exempt from STR rules, is the Borgata Lodge in the Quail Ridge neighbourhood. This trend will benefit property owners who rent out their homes or apartments near the new hotel and airport. Additionally, the new hotel will attract more events and business meetings to the area. Thus, increasing the need for temporary accommodations and further boosting rental income opportunities.
Attracting Business and Employment
The Sutton Place Hotel will feature a business centre, meeting spaces, and personal concierge services, making it a hub for corporate and social events. This will likely attract businesses and professionals to the area, leading to job creation and an influx of working professionals. The increase in employment opportunities and the enhanced business environment will make the University District even more appealing for real estate investment, as demand for housing grows to accommodate these professionals.
Supporting the Student Population
With UBCO in close proximity, the University District already benefits from a large student population. The hotel’s various amenities, including dining and meeting spaces, will cater to students and university staff, adding to the area’s convenience and appeal. The presence of such a high-end hotel also enhances the district’s reputation, making it an even more desirable place for students to live and study. This continued attraction of the student demographic ensures a steady demand for rental properties, providing consistent rental income for investors.
Strengthening the Local Economy
The construction and operation of The Sutton Place Hotel will have a positive ripple effect on the local economy. Increased tourism and business travel will support local shops, restaurants, and services, further enhancing the area’s vibrancy. A busy local economy is a critical factor in sustaining and growing property values, making the University District a stable and lucrative area for real estate investment.
The construction of The Sutton Place Hotel Kelowna marks a significant milestone for the University District, reinforcing its status as a premier destination for both visitors and residents. This development will guide the local real estate market, driving property values up and creating a wealth of opportunities for rental income and long-term investment growth.
Investing in the University District now, ahead of the hotel’s completion, positions you to benefit from the anticipated surge in demand and property value appreciation. If you are looking to capitalize on these opportunities, contact me today to explore your options. The future looks bright for the University District, and savvy investors will want to be part of this exciting growth.
Stay tuned for more real estate insights and tips, and make your investment move in the Okanagan today!