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Space Available For Lease 1
The Wedge |
Brand new commercial building for lease at the Gateway to Downtown Kelowna. “The Wedge” is a single tenant, commercial building located atthe corner of Water St and Leon Ave. Currently under construction this unique building will offer a total of +/- 4,395 SF including +/-2,448 SF ofinterior commercial space and +/-1,947 SF of roof top patio. Main floor space includes an inviting entry way, a large open area opening to the2nd floor and 2 roll-up overhead doors. There is office space on the 2ndfloor and a spectacular roof-top patio with outstanding views of thedowntown area. Building has 2 internal staircases and elevator access including to the roof-top patio. Due to the unique location and nature ofthe building there is no dedicated parking available. Anticipated completion is Fall 2024.
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Kris McLaughlin
RE/MAX Kelowna |
Contacts

RE/MAX Kelowna
Property Details
- Property Type Retail
- Property Size 4,395 SF
- Property Tenancy Single Tenant
- Date Updated Apr 23, 2025
Reach out to the broker for more info on lease terms and amenities
Getting around
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Walk Score ®
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Location
- City Kelowna, BC
- Neighborhood Downtown Kelowna
- Postal Code 188
Points of Interest
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Shell
0.31 miles
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Petro-Canada
0.38 miles
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Canco
0.91 miles
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Chevron
1.24 miles
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Tesla Supercharger
1.79 miles
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Esso
1.92 miles
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Electrify Canada
3.06 miles
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Chapman Parkade
0.06 miles
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Impark
0.11 miles
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Queensway Street Parking
0.21 miles
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Memorial Parkade
0.29 miles
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Water Street Boat Launch
0.41 miles
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Library Plaza Parkade
0.41 miles
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The Delta Grand Hotel & Casino Parkade
0.54 miles
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Prospera Place Parking
0.56 miles
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Kelowna General Hospital Parking
0.76 miles
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West Parkade
0.81 miles
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KRAFTY kitchen + bar
0.09 miles
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Yamas Greek Taverna
0.12 miles
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Raudz
0.12 miles
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Social 242 Lounge & Grill
0.12 miles
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OEB
0.13 miles
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Micro Bar
0.13 miles
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Pilgrim & Pearl
0.13 miles
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Antico Pizza Napoletana
0.13 miles
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West Coast Grill & Oyster Bar
0.13 miles
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Bernies
0.13 miles
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Safeway
0.32 miles
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Nester's Market
0.90 miles
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Peter's Your Independent Grocer
0.95 miles
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Bulk Barn
1.35 miles
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Lakview Market
1.52 miles
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Urban Fare
1.69 miles
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Save-On-Foods
1.76 miles
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Springfield Bulk Foods
1.92 miles
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Dollar Store
2.04 miles
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Orchard Plaza Mall
2.28 miles
1659 Water Street Listing Brief
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A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
1659 Water Street is located in Downtown Kelowna, which is home to a total of 7 listing(s). Retail space at The Wedge - Downtown Kelowna asks $28.00/SF/MO per square foot.
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The property includes 4,395 square feet of retail space for lease. Of this total, 4,395 square feet are Retail.
Lease agreement conditions for the availability at this property include NNN.
For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
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You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

RE/MAX Kelowna