Solstice at Tower Ranch is a Parkbridge-developed 55+ community within the Tower Ranch golf course lands in Kelowna, built around a resort-style, maintenance-free lifestyle. The defining feature here is the ownership structure: this is a land-lease development — you own your home outright, but lease the land underneath it, typically on a long-term (around 99-year) lease rather than owning the land itself.
That structure has real, practical implications: financing a land-lease home works differently than a standard mortgage (not every lender treats it the same as freehold or strata financing), and resale value is tied partly to the terms remaining on the lease. It's worth understanding this distinction clearly — see our freehold vs. co-op vs. land-lease guide — before shopping specifically in this community.