Discovery Bay is a waterfront resort-style condo community at 1088 Sunset Drive, built in phases between 2002 and 2005. The community backs directly onto Waterfront Park and Tugboat Beach in downtown Kelowna, with 236 units ranging from one to three bedrooms across multiple buildings.
Unlike most downtown strata buildings, Discovery Bay's bylaws permit short-term rentals — making it one of the few downtown Kelowna condo communities where owners can operate a vacation-rental unit rather than being restricted to long-term tenancy. Resort amenities include an indoor pool, a seasonal outdoor pool, two hot tubs, a sauna, and a games room.
That short-term-rental allowance changes the buyer pool and the pricing math compared to a standard strata building — it draws investor buyers alongside owner-occupiers, and unit values reflect both rental income potential and lifestyle appeal. If you're evaluating a Discovery Bay unit as an investment, that's the first thing worth getting right.
Other Downtown Kelowna Towers
Rental history, view, and unit type all move price at Discovery Bay. Get a real number from an agent who tracks this building.
Whether you want a lifestyle unit or a short-term-rental investment, we'll walk you through what actually pencils out here.