Rare 3 bdrm + 3.5 bath Sub-penthouse listed well below assessed value. 2607 sq ft + 1086 of SW facing lakeview patios located at the famed ONE Water Street development on a top street in downtown Kelowna. Just steps to the beach, marina, arena, casino, and all the vibrancy the city centre has to offer. West-facing + sunset views. Gourmet kitchen w/SubZero+Wolf appliances. Smart home to control power blinds, built-in speakers, heating/cooling, and lights. 2 parking stalls + storage locker. Huge decks with room for outdoor kitchen, cold plunge and more. The #1 layout with a family room plus a large living room. Primary suite with its own private balcony. Laundry rm + pantry. ONE Water Street boasts the best in the Okanagan amenities called The Bench, featuring 2 pools, hot tub, outdoor lounge, fire pits, large gym with yoga/pilates studio, event/party room, business center, pickleball court, pet-friendly park, and guest suites for visitors. Own one of the nicest condos in Kelowna in the award-winning ONE Water Street project. Vacant and ready for occupancy. Excellent rental income potential. No GST.