Condo
$780,800
1232 Ellis Street Unit# 1301
Kelowna North, Kelownalisted today
MLS® 10402035
1 / 40
$679,000
1181 Sunset Drive Unit# 1102
Kelowna North, Kelowna · MLS® 10398213
All units at 1181 Sunset Dr →2 bed · 2 bath · 962 sq ft · 1 parking
Condo · Single Family · built 2022 · 51 days on market
Listed by Farhad Rahnamoon, Sutton Group-West Coast Realty
Realtor's description
Welcome to ONE Water Street, one of downtown Kelowna's signature addresses. Perched on the 11th floor, this bright 2 bed, 2 bath corner residence is wrapped in expansive windows capturing beautiful Okanagan Lake, mountain and city views. The open-concept interior features 9' ceilings, engineered hardwood, waterfall quartz counters, stainless steel appliances, gas cooktop, built-in wine storage, central A/C and in-suite laundry, while the covered balcony extends the living space outdoors. At the heart of the community, The Bench offers 1.3 acres of exceptional amenities with a lap pool and leisure pool, hot tub, fitness centre and yoga studio, pickleball court, BBQ and fire-pit areas, dog park, guest suites and resident entertainment spaces. Just steps from the waterfront, beaches, restaurants, breweries, shopping and Prospera Place. Includes secure underground parking and a storage locker. An exceptional opportunity to enjoy the best of downtown Kelowna living.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 962 sq ft
- Parking
- 1
- Year built
- 2022
- Property tax
- $2,693 / yr
- Strata fee
- $686 / mo ($0.71 / sq ft)
- Strata rules
- Pet Restrictions, Pets Allowed With Restrictions, Rentals Allowed
- Days on market
- 51
- MLS®
- 10398213
Features
- Central island
- Wheelchair access
- Balcony
- Recreational Facilities
- Pet Restrictions
- Pets Allowed With Restrictions
Monthly cost
$3,869/mo
Mortgage $2,958 · Tax $224 · Strata $686
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
- −$1,974/mo
- Cap rate
- 1.7%
- yearly net rent ÷ price
Costs: mortgage $2,958 · tax $224 · strata $686 · 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
1.7 km away · 1280 Wilson Ave, Kelowna · 250-870-5114
- Middle Dr. Knox Middlehomes in this catchment
5.3 km away · 121 Drysdale Blvd, Kelowna · 250-870-5130
- Secondary Kelowna Secondaryhomes in this catchment
3.6 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.
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