Condo
$400,000
1588 Ellis Street Unit# 903
Kelowna North, Kelownalisted today
1 bd1 ba615 sq ft
MLS® 103996021 / 37
$450,000
1055 Lawrence Avenue Unit# 202
Kelowna North, Kelowna · MLS® 10383876
2 bed · 2 bath · 1,460 sq ft · 1 parking
Condo · Single Family · built 1993 · 173 days on market
Listed by Derek Martin, REMAX Kelowna
Realtor's description
Step into bright, beautiful, move-in ready living at The Marquis, a well-maintained and well-managed 55+ community in walkable downtown Kelowna. This substantially renovated 1,460 sq. ft. suite offers an ideal layout for downsizing without giving up space, featuring 2 bedrooms, 2 bathrooms, and a versatile den/flex space perfect for an office, hobby room, or quiet sitting area. Updated in 2023, the home offers a spacious kitchen with stainless steel appliances, generous living and dining areas, in-unit laundry, a built-in vacuum, a cozy gas fireplace, and an enclosed sunroom with lovely mountain views. Secure underground parking and a very large private storage locker add everyday convenience. Residents enjoy a strong community feel with shared amenities that include a workshop, a secure bike area, a games room with billiards, table tennis, shuffleboard, and a card room, plus a third-floor common room for social gatherings. The location is fantastic — a short walk to shops, services, restaurants, transit, Capri Centre, cultural amenities, and approximately 15 minutes to the waterfront. Pet-friendly with restrictions, The Marquis offers comfortable 55+ community living in a safe, central location close to downtown and the future renewed Parkinson Recreation Centre. A truly inviting place to call home
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,460 sq ft
- Parking
- 1
- Year built
- 1993
- Property tax
- $2,365 / yr
- Strata fee
- $512 / mo ($0.35 / sq ft)
- Strata rules
- Seniors Oriented, Pet Restrictions, Rentals Allowed
- Days on market
- 173
- MLS®
- 10383876
Features
- Seniors Oriented
- Pet Restrictions
- Rentals Allowed
- Washer
- Refrigerator
- Range - Electric
Monthly cost
$2,670/mo
Mortgage $1,961 · Tax $197 · Strata $512
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,098/mo
- After all costs
- −$774/mo
- Cap rate
- 3.2%
- yearly net rent ÷ price
Costs: mortgage $1,961 · tax $197 · strata $512 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Kelowna (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
Kelowna North, KelownaGoogle Maps ↗
Schools
Catchment schools, Central Okanagan School District 23
- Elementary Bankhead Elementaryhomes in this catchment
900 m away · 1280 Wilson Ave, Kelowna · 250-870-5114
- Middle Dr. Knox Middlehomes in this catchment
5.2 km away · 121 Drysdale Blvd, Kelowna · 250-870-5130
- Secondary Kelowna Secondaryhomes in this catchment
2.3 km away · 1079 Raymer Ave, Kelowna · 250-870-5105
From the Central Okanagan School District 23's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.
