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Caravelle at 1585 Abbott St is on the City of Kelowna's list of properties eligible for short-term rentals as a principal use since June 1, 2026. If you own here, you can rent your condo short-term without living in it, as long as the unit is licensed and your strata bylaws allow it.
The only eligible address on Abbott St
This is what makes Caravelle different from the downtown buildings a few blocks over. St Paul St has four eligible addresses stacked along it. Abbott St has one, and this is it.
For an owner, scarcity on your own street is worth more than it sounds. A guest searching for this side of downtown, close to the lake and the Abbott Street heritage corridor rather than the bar strip, has very few legal nightly options to choose from. You are not competing with the building next door, because the building next door cannot do this.
What the register shows at 1585 Abbott
From the City of Kelowna business licence register, last read in September 2026, 1585 Abbott St holds more than 10 current short-term rental licences, most of them in an individual's name rather than a company's.
For a single building with no eligible neighbours, that is a healthy number. It means nightly renting is established here and the strata has lived with it, rather than this being a theoretical permission nobody has used.
What a Caravelle owner needs before listing
Before a Caravelle owner can take a booking, the unit needs its City business licence and provincial registration, owner and strata consent on file, the fire and safety equipment the City checks for, and a listing carrying the licence number. Each step, with fees, is in the licence guide. The Kelowna rules cover what applies once guests arrive: one booking at a time, two adults per sleeping unit, and the 90-day line that makes a long furnished stay short-term too. You can compare it with the rest of the eligible buildings.
Who actually books this end of downtown
Abbott Street guests are usually not the party-weekend crowd, and pitching the listing that way tends to attract exactly the bookings a strata complains about. The people searching here want the lake, the boardwalk, the park and a quiet street, with the restaurants a walk away rather than underneath them. Couples, older guests, and people staying a week rather than a night.
That is a better guest profile for a strata to live with, and it usually means longer average stays and fewer turnovers, which matters more to what you keep than the nightly rate does.
Put your own numbers through the short-term rental calculator and see what is left after the costs.
Work with Lake Life at Caravelle
Lake Life Property Management focuses on Kelowna condos eligible for short-term rentals. We confirm whether your unit qualifies, handle the licence and strata steps, and run the listing, the guests and the cleaning once you are live.
Own at 1585 Abbott St? Use the form below and we will tell you whether it qualifies and what it could realistically earn.