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If you're looking for a stylish and affordable home in Kelowna, your search ends with Nolita.
Developed by Fifth Avenue Properties, Nolita offers a unique opportunity to own a beautiful home in a growing city where homes are few and far between.
With a variety of elegant studio, one- and two-bedroom condos, as well as an exclusive collection of garden-style townhomes, Nolita is one of the first new housing projects to hit the market in 2023 and it's ready to set a new standard for attainable luxury.
Despite the headlines about the housing market, Nolita's developer, Johannes Van Leenen, is confident that now is the time to invest in Kelowna's real estate market.
“I have full confidence in the market and I strongly believe now is a great time to introduce innovative and affordable condos to the market because there is a limited amount of inventory and increased demand and we have a truly incredible location and offering with Nolita,” explains Van Leenen.
Nolita offers a unique opportunity to purchase a beautiful home at today's suppressed pricing without having to qualify for a mortgage for 14-18 months. This allows buyers to take advantage of today's market while giving them time to save for a larger down payment, reducing their overall loan amount in the long run.
Situated in the heart of downtown Kelowna, Nolita is just steps away from UBCO's future downtown campus, offering easy access to a variety of shops, restaurants, beaches and parks.
“UBCO currently has nearly 12,000 students and more than 3,000 staff. The waitlist for student housing has grown to over 1,300 people. Between the demand for housing from the University and the interprovincial migration nearly doubling from 15,000 in 2017 to 34,000 in 2021, it's easy to see how significantly under-supplied Kelowna is in terms of housing, making Nolita an amazing investment opportunity” says Taylor Musseau, Managing Director of MLA Canada.
With its unique building design inspired by Kelowna's distinct architecture, Nolita offers a boutique collection of 60 thoughtfully curated homes, allowing residents to personalize their space with a choice of two timeless design palettes.
In addition to its aesthetic appeal, Nolita features smart home technology, safe and secure parking and an exclusive outdoor space for residents to enjoy. The Terrace Lounge boasts barbecue facilities, seating areas and fire tables, while the dedicated outdoor dog run allows residents to have up to two pets, filling another void that has been absent in the Kelowna housing market.
Nolita presents an exciting opportunity for anyone seeking an elegant, affordable and well-located home in Kelowna. With a limited inventory and increased demand in the market, now is the time to take advantage of Nolita's offering and invest in Kelowna's real estate market.
Sales for Nolita will be starting this month. Don't miss out on this unique opportunity to own a stunning home in one of the most desirable locations in Canada. Register now for more details about Nolita here.
Local Community Advertising