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$379,000

1289 Ellis Street Unit# 316

Kelowna North, Kelowna · MLS® 10397198

1 bed · 1 bath · 784 sq ft · 1 parking

Condo · Single Family · built 2005 · 56 days on market

Listed by TJ Dumonceaux, Royal LePage Kelowna

Welcome to The Cannery Lofts, where modern style meets unbeatable downtown living. This 784 sqft, 1 bed/1 bath condo features soaring ceilings, large windows, and a bright, open layout that enhances the sense of space. Located on the third floor, this well-kept home has been thoughtfully refreshed with new lighting, new kitchen cupboards, updated sink fixtures, and fresh paint in the unit. A secure parking stall is also included, adding everyday convenience to this fresh, move-in-ready space. Step outside and enjoy everything downtown Kelowna has to offer - a stroll to the lake, explore vibrant Bernard Avenue, discover local breweries and restaurants, or catch an event at Prospera Place right across the street. The building’s private rooftop patio provides a relaxing space with city views, perfect for entertaining or unwinding after a day in the city. This is your opportunity to own a beautifully updated home in one of Kelowna’s most sought-after locations. Schedule your showing today and experience downtown living at its finest!

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 784 sq ft
Parking: 1
Year built: 2005
Property tax: $1,975 / yr
Strata fee: $320 / mo ($0.41 / sq ft)
Strata rules: Pets Allowed
Days on market: 56
MLS®: 10397198

Below typical for the area (-31%)

Price per sq ft: $483 vs $703 median for condos in Kelowna North for sale (154)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

One Balcony
Pets Allowed
Washer
Refrigerator
Range - Gas
Dishwasher

On market 56 days

Listed now: 62 days; median for 509 condos for sale; this one 56 days

Condos in Kelowna. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Central Okanagan School District 23

Elementary Bankhead Elementaryhomes in this catchment
Middle Dr. Knox Middlehomes in this catchment
Secondary Kelowna Secondaryhomes in this catchment

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.

$2,135/mo

Mortgage $1,651 · Tax $165 · Strata $320

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,651/ monthly

loan $303,200

25-year amortization

down payment20% · $75,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $192,180
property transfer tax: $5,580; BC general rate
cash to close: $81,380; down + PTT
total paid: $495,380

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $1,597/mo
After all costs: −$701/mo
Cap rate: 3.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,651 · tax $165 · strata $320 · 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

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