Whitworth Holdings

What Whitworth Holdings does

Whitworth Holdings Ltd. is a privately held, family-owned real estate company headquartered in Kelowna, British Columbia, founded in the early 1960s by W. W. (Bill) Stewart. Operating under the Stewart family for 65 years, the company owns and manages a diversified portfolio of commercial and residential properties across the Thompson-Okanagan region, including office, retail, residential, and industrial asset classes.

The commercial portfolio comprises seven distinct assets: Stewart Centre North (built 2013, modern office/retail with 24' ceilings), Stewart Centre South (office and executive suites), the Manhattan building (16,000 sq ft of office plus 4,000 sq ft of warehouse), the heritage Cannery building (originally built in 1912 and converted to restaurants and retail), Cannery Lane (seven retail spaces in the Arts & Cultural District), and Ellis & Industrial units. The residential portfolio consists of the Lawrence Avenue apartment complex in north Kelowna and The Arbour at Lakeshore in Lower Mission, a townhouse and apartment development that opened on September 9, 2024 with studios through three-bedroom units. The Ellis Industrial Redevelopment, a mixed-use residential and retail project, is in the active pipeline.

Revenue is generated through two primary streams: recurring rental income from commercial leasing (handled directly by Leasing/Property Manager Joanne Frohlick and General Manager Cameron Costley) and recurring residential rent from tenants who apply through online tenancy forms under one-year fixed-term agreements. The Arbour at Lakeshore achieved 75% occupancy at opening in September 2024 with promotional incentives including two months free rent and six months free parking. The go-to-market motion is direct and localized: no third-party channel partners, digital advertising, or institutional investors are involved, and marketing relies primarily on the company website, earned media, and ribbon-cutting/community events such as the September 2024 ceremony attended by Mayor Tom Dyas.

Name

Whitworth Holdings

Legal name

Whitworth Holdings Ltd.

Website

https://whitworthholdings.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

251–500 employees

Short description

Whitworth Holdings is a family-owned Kelowna, BC real estate company founded in the early 1960s that develops, leases, and manages a diversified portfolio of office, retail, industrial, and residential rental properties across the Thompson-Okanagan region.

Ownership category

akta.pro rank

Product category

Commercial and Residential Real Estate

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Lessors of Residential Buildings and Dwellings (531110), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Operators Of Nonresidential Buildings (6512), Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• Commercial property leasing
• Residential rental management
• Real estate development
• Property management services
• Mixed-use development

Headquarters

HQ city

Kelowna

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Commercial Property Rental: Revenue from leasing office, retail, and industrial space including Stewart Centre North, Stewart Centre South, Manhattan building, Cannery, Cannery Lane, and Ellis & Industrial properties.
2. Residential Property Rental: Revenue from renting apartments and townhomes including Lawrence Avenue complex and The Arbour at Lakeshore development. Monthly rental payments from tenants.
3. Real Estate Development: Revenue generated from development projects including the Ellis Industrial Redevelopment (mixed-use residential and retail) and The Arbour at Lakeshore townhouse project.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Whitworth Holdings is a family-owned Kelowna-based real estate company that owns, develops, leases, and manages a portfolio of commercial (office, retail, industrial) and residential (apartments and townhomes) properties in the Thompson-Okanagan region. Core activities include commercial leasing, residential rental management, and mixed-use real estate development such as the Ellis Industrial Redevelopment and The Arbour at Lakeshore.

Product overview

Whitworth Holdings is a 65-year-old family-owned real estate company operating a diversified portfolio of commercial and residential properties in Kelowna, BC. The company offers commercial properties including Stewart Centre North and South (office and retail), Manhattan (office/warehouse), Cannery and Cannery Lane (heritage retail/restaurant spaces), and Ellis & Industrial units. Residential offerings include Lawrence Avenue apartments and The Arbour at Lakeshore (townhomes and apartments). Development projects include the Ellis Industrial Redevelopment. The company also provides property management, leasing, and development services.

Differentiator

Problem solved

Functional benefit

Products and services

• Stewart Centre North Commercial office and retail building built in 2013, located one block off HWY 97 with 24-foot ceiling heights, extra-large windows, HVAC, and generous onsite parking; leased to businesses seeking professional space in Kelowna.
• Stewart Centre South Commercial business hub offering retail and office space plus executive office rental space with generous onsite parking; leased to business tenants in Kelowna.
• Manhattan Two-storey commercial building with 16,000 square feet of office space and a 4,000 square foot warehouse facility; leased to commercial and industrial tenants.
• Cannery BNA heritage commercial building originally built in 1912 offering unique tenant spaces in Kelowna's Cultural District with three-story brick construction and expanded wings; leased to commercial tenants seeking character space.
• Cannery Lane Seven unique retail spaces in the original Cannery building located in downtown Kelowna's Arts and Cultural District, popular with locals and tourists; leased to retail tenants.
• Ellis & Industrial Industrial and commercial units located one block north of Prospera Place and next to the new TELUS Park building on Manhattan Drive; leased to industrial and commercial tenants.
• Lawrence Avenue Apartments Centrally located residential apartment complex in north Kelowna featuring one and two bedroom apartments, outdoor pool, and coin laundry; rented to residential tenants.
• The Arbour at Lakeshore Multi-family residential property in Lower Mission offering studio, 1, 2, or 3-bedroom units and townhomes with amenities including walk-in storage, dog park, community garden, and EV chargers; rented to residential tenants with one-year fixed-term tenancies.
• Ellis Industrial Redevelopment Mixed-use residential and retail redevelopment project offering affordable rentals near Kelowna's downtown and beaches; targeted at people who work and want to live close to downtown, restaurants, stores, and services.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Anthem Properties: BC-based mixed-use developer and long-term owner of residential, commercial, and heritage properties; comparable in vertically integrated development + property management model across urban BC markets.
• PC Urban Properties: BC-based mixed-use developer of residential, commercial, and light industrial product; comparable in mid-sized BC developer profile and long-term hold strategy.
• Onni Group: Vancouver-based developer with diversified residential rental, commercial, and mixed-use portfolio across BC and Western Canada; comparable business model spanning purpose-built rental, office, and retail ownership.
• Mission Group: Kelowna-based real estate developer and property manager with mixed-use residential and commercial projects across the Okanagan; the most directly comparable local peer given shared geography, mixed portfolio, and similar mid-sized regional scale.
• Adera Development Corp: BC-focused developer specializing in multifamily townhomes and rental apartments; comparable in purpose-built rental product mix (similar to The Arbour at Lakeshore) and active development pipeline.
• Highstreet Ventures: BC-based developer focused on purpose-built rental apartments and mixed-use projects; comparable in active multifamily rental development model and BC market exposure.

Broad incumbents

• Morguard Corporation: Canadian REIT and full-service real estate operator owning and managing a diversified portfolio of residential, office, retail, and industrial properties nationwide; comparable diversified asset mix and long-term ownership model, though at substantially larger scale.
• Boardwalk REIT: One of Canada's largest multifamily residential landlords with deep Western Canadian exposure; comparable in purpose-built rental operating model (similar to Whitworth's Lawrence Avenue and Arbour properties), though at institutional REIT scale.
• Killam Apartment REIT: Canadian multifamily REIT focused on apartment ownership and management across urban and suburban Canadian markets; directly comparable in residential rental property management business model.
• CAPREIT (Canadian Apartment Properties REIT): Largest Canadian residential landlord operating a multifamily portfolio across major Canadian markets; comparable in long-term residential rental ownership and management approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/whitworth-holdings-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Whitworth Holdings