Brooklyn at Bernard Block responds to market demand with short term rental-friendly homes from the $300’s
KELOWNA, B.C. Value and affordability are the buzzwords driving home buyers to Brooklyn at Bernard Block, in the heart of Kelowna’s exciting downtown Bernard District. The upcoming 25-storey concrete condominium will give buyers the opportunity to earn short-term rental income from their homes.
Being zoned for short-term rentals, Brooklyn offers flexibility in rental options. The building’s stunning views and exceptional Walk Score® of 98 will make it effortless to rent out a home for a year, a few months while travelling or even a few days over a long weekend.
“Brooklyn is one of the few buildings in Kelowna that allows short-term rentals,” says Jonathan Friesen, CEO of developer Mission Group. “Homeowners have a great opportunity to supplement their income by renting their home for short or long periods of time in a city known for its tourism.”
Brooklyn offers one-bedroom suites starting from the $300’s, as well as one-bedroom plus den, two-bedrooms and a limited collection of sub-penthouses. This means there is a wide selection of home sizes at affordable price points not only for those looking for an investment property, but also to those new to the real estate market opting for condominium ownership and urban lifestyle.
“It’s important for builders like Mission Group to create opportunities for young buyers to enter the market without losing the aspirational appeal that comes with owning a home,” says Friesen. “Normally first-time home buyers have to sacrifice rental flexibility, size, affordability or location. With Brooklyn, you get it all in a solid concrete building.”
Located on St. Paul Street just off Bernard Avenue, Brooklyn will offer 178 new homes and will be part of the highly anticipated development of the old Bargain Shop site, which has been vacant since 2010. The mixed-use tower is the first of three highrises that will be part of a master planned community. It will have commercial opportunities at street level and, in place of penthouse suites, a common rooftop lounge and terrace with 360-degree views that residents and their guests can enjoy year-round.
Buyers at Brooklyn will appreciate the vibrancy of the Bernard District, the trendy restaurants and retail outlets in the neighbourhood and the exterior building design that takes its cues from the New York borough for which it is named.
Bernard Avenue’s $14 million revitalization has transformed the area into a lively destination with trend-setting local cuisine, creative social houses, boutiques, culture and entertainment destinations. In addition to being close to all daily needs, Brooklyn is also walking distance to Okanagan Lake, the new Kelowna Yacht Club and the recreational City Park and waterfront boardwalk. The city’s Queensway Transit Exchange is also located within short walking distance, offering convenient transit options to the rest of Kelowna.
“The amenities that are close by, the location in such a vibrant neighbourhood and proximity to outdoor activities is a huge draw to investors and those just entering the market,” says Friesen.
Please register at www.liveatbrooklyn.com to receive updates on this exciting new development. Sales of Brooklyn are expected to start this Summer.
For more information on Brooklyn at Bernard Block, please visit www.liveatbrooklyn.com
Story angles: Real estate, investment, first-time buyers, economic resurgence, aspirational lifestyle, urban living, family, master planned communities, Kelowna development, sustainability
About Mission Group
Headquartered in Kelowna, Mission Group specializes in residential and commercial real estate development and construction. Each Mission Group community is given careful thought and consideration long before construction begins. Their goal to create and nurture homeowner relationships, as well as their modern and well-built designs, has earned them numerous industry awards over the years. These include the Canadian Home Builders’ Association Tommie Gold Awards for Excellence in Creating a Low-Rise Multi-Family Development (2016), Excellence in Semi-Detached or Town-Home Development (2016), Built Green B.C. Builder/Renovator of the Year for Winsome Hill in 2012 and Multi-Family Builder of the Year (2014).