Condo
$499,000
1329 Ellis Street Unit# 804
Kelowna North, Kelowna25 days on market
MLS® 10400515
1 / 24
$425,000
1181 Sunset Drive Unit# 2307
Kelowna North, Kelowna · MLS® 10385041
All units at 1181 Sunset Dr →1 bed · 1 bath · 529 sq ft · 1 parking
Condo · Single Family · built 2022 · 165 days on market
Listed by Barinder Kahlon, Sutton Centre Realty
Realtor's description
Elevated urban living awaits in this 23rd-floor 1-bedroom, 1-bath residence in ONE Water Street’s West Tower. Thoughtfully designed across 529 sq ft, this home features 9’ ceilings, efficient use of space, and an expansive patio showcasing panoramic views of Okanagan Lake, Knox Mountain, and the ballpark stadium. Ideal for a young professional or urban downsizer, the unit includes a corner parking stall and secure storage locker. Residents enjoy access to ONE Water Street’s resort-style amenities, including two outdoor pools, hot tub, fully equipped fitness centre with yoga and Pilates studio, outdoor lounge with fire pits and BBQs, business centre, pickleball court, pet-friendly park, and 24/7 concierge and security. Located in the heart of downtown Kelowna, you’re just steps to the waterfront, dining, entertainment, and year-round outdoor recreation. A rare opportunity to live in one of Kelowna’s most sought-after high-rise communities.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 529 sq ft
- Parking
- 1
- Year built
- 2022
- Property tax
- $2,201 / yr
- Strata fee
- $323 / mo ($0.61 / sq ft)
- Days on market
- 165
- MLS®
- 10385041
Features
- One Balcony
- Washer
- Refrigerator
- Range - Gas
- Dishwasher
- Dryer
Monthly cost
$2,358/mo
Mortgage $1,852 · Tax $183 · Strata $323
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
- $1,597/mo
- After all costs
- −$924/mo
- Cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $1,852 · tax $183 · strata $323 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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
5.4 km away · 121 Drysdale Blvd, Kelowna · 250-870-5130
- Secondary Kelowna Secondaryhomes in this catchment
3.5 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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