Is Kelowna Worth Building a Padel Center In?

As of November 2026, Padelnomics counts one padel club in Kelowna, Canada, or 0.7 padel courts per 100,000 residents, in a city of about 145,000 residents. Its Padelnomics Score, our rating of the opportunity for a new club, is 69 out of 100. Source: Padelnomics, from booking platforms, public map data and official population statistics.

Padel Venues
1
padelnomics Score
69.0/100
Courts/100K
0.7
Population
145K
Key takeaway: Kelowna is a standout investment opportunity — strong demand signals, meaningful supply gaps, and unit economics that support new builds.

Yes — Kelowna ranks among the most promising locations in Canada with a padelnomics Score of 69.0/100. This page breaks down what a padel investment in Kelowna costs, what it returns, and how the local market compares — with a financial model you can adjust to your scenario.

The question that matters: given current pricing, occupancy, and build costs, what does a padel investment in Kelowna actually return? The financial model below uses the national court prices and occupancy for Canada and the country's build costs; the figures measured in Kelowna itself are in Research.

What Does a Padel Investment Cost in Kelowna?

On national figures for Canada, here is what a padel center investment in Kelowna looks like:

Kelowna, CA Investment Breakdown
Item Amount Detail
Padel Courts CAD 39,000 1×dbl + 0×sgl
Shipping CAD 4,740
Floor Preparation CAD 19,000
HVAC Upgrade CAD 32,000
Lighting Upgrade CAD 16,000
Fit-Out & Reception CAD 63,000
Permits & Compliance CAD 19,000
Equipment CAD 3,634
Working Capital CAD 24,000
Miscellaneous CAD 9,480
Contingency (10%) CAD 22,985
Total CAPEX CAD 252,839
Per Court CAD 252,839
Per m² CAD 538
LTV 0%
Equity CAD 252,839
Loan CAD 0
Total CAD 252,839

Construction costs vary significantly depending on whether you build an indoor or outdoor facility. Indoor halls in Canada run considerably higher — structural build, ventilation, and lighting drive the cost. Outdoor courts are cheaper to construct but limit your operating season and revenue potential. The number of courts is the single biggest lever on total investment: each additional court lowers the per-court cost, but increases your total capital at risk.

Revenue Potential in Kelowna

Kelowna, CA Revenue & Operating Costs

Revenue Model

Weighted Rate CAD 69/hr
Utilization Target 40%
Booked Hours/mo 186

Monthly OPEX

Item Monthly Detail
Rent CAD 3,055 470m² × CAD 6.5/m²
Insurance CAD 475
Electricity CAD 950
Heating CAD 625
Water CAD 200
Maintenance CAD 475
Cleaning CAD 475
Marketing / Software / Misc CAD 550
Staff CAD 1,600 1 × CAD 1600
Total Monthly OPEX CAD 8,405

Monthly Summary

Gross Revenue CAD 15,105
Booking Fees −CAD 1,288
Net Revenue CAD 13,817
Operating Costs −CAD 8,405
EBITDA CAD 5,412
Debt Service CAD 0
Net Cash Flow CAD 5,412

Revenue depends on three factors: court rental pricing, occupancy rates, and ancillary income (coaching, retail, food & beverage). Utilisation swings sharply by time of day and season — evenings and weekends tend to run at or near capacity, while weekday mornings and afternoons have idle courts. Per-venue median hourly rates, booked occupancy over time, and the spread across facilities are part of Padelnomics Research — the inputs above are calibrated from that data.

Financial Returns

Kelowna, CA Returns & Financing

Return Metrics

IRR (5yr) 28.3%
MOIC 2.82x
Payback 52 months
Cash-on-Cash 26.7%
Yield on Cost 27.8%
EBITDA Margin 39%

Exit Analysis

Exit Value (6.0x EBITDA) CAD 421,772
Remaining Loan CAD 0
Net Exit CAD 421,772

Financing

Loan Amount CAD 0
Rate / Term 5.0% / 10yr
Monthly Payment CAD 0

The return metrics above show how quickly your investment pays back and what long-term return you can expect. IRR (Internal Rate of Return) is the key metric — it accounts for the time value of money and lets you compare against alternative investments like real estate or equities. A payback period under 5 years is considered solid in the padel industry. These numbers use national figures for Canada. Adjust the assumptions in the planner to model your specific scenario.

Adjust these numbers for your own plan → Model it in the Planner

Market Context

Kelowna has a low padel density of 0.7 courts per 100K residents. This means less competition and potential first-mover advantage — but also less validated demand data. The rapid growth of padel across Canada suggests significant development potential.

Padel is growing rapidly across Europe — many markets are seeing venue counts double within a few years. The sport's relatively low barriers to entry (less space than tennis, faster learning curve for players) continue to drive expansion.

Kelowna Market Overview

Metric Value
Courts 1
Courts per 100K residents 0.7
Venues 1
Venues per 100K residents 0.7
padelnomics Score 69.0/100
Data Confidence 100%

FAQ

Is Kelowna a good location for a padel center?

Kelowna scores 69.0/100 on the padelnomics Score, which evaluates investment potential based on supply gaps, catchment reach, market maturity, and sports culture. A score above 65 signals strong investment potential: meaningful catchment area, supply gaps, and a sports-oriented population. Use the Padelnomics planner to model your specific assumptions.

What is the return on investment for a padel center in Kelowna?

ROI depends on build cost, court count, pricing, and occupancy assumptions. The defaults in the model above are calibrated from current market and booking data for Kelowna; the specific city- and venue-level inputs (median rates, per-venue occupancy, price trends) are part of Padelnomics Research. Adjust the inputs in the planner to see how your scenario compares.

How much does it cost to build a padel center in Kelowna?

Total investment depends on venue type (indoor vs outdoor), land costs, and local construction standards in Canada. Typical benchmarks: an indoor court costs around CAD 39,000 for court equipment plus building and fit-out; outdoor courts are significantly cheaper. Use the financial planner for a detailed Kelowna cost breakdown.

How many padel courts are there in Kelowna?

Kelowna has 1 padel courts across 1 venues. With a population of 145K, that translates to 0.7 courts per 100,000 residents.

What are typical padel court rental prices in Kelowna?

Padel prices in Kelowna vary between peak and off-peak hours, indoor vs outdoor facilities, and facility quality. City- and venue-level medians, P25–P75 spreads, and occupancy rates are part of Padelnomics Research — the inputs in the financial model above are calibrated from that data.

How does Kelowna compare to other Canada cities?

Kelowna's padelnomics Score of 69.0/100 reflects its investment potential among tracked Canada cities. See the Canada market overview for a full comparison across cities.

Ready to run the numbers for Kelowna? → Build your business plan

Two questions worth settling first: how many courts fit on your plot? · will the site get permitted?


More Canada padel markets: Canada overview