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$589,000

1331 Ellis Street Unit# 107

Kelowna North, Kelowna · MLS® 10398080

3 bed · 2 bath · 1,528 sq ft · 1 parking

Condo · Single Family · built 2007 · 49 days on market

Listed by Roberta Gullacher, REMAX Kelowna

Bright, Spacious Downtown Kelowna Living Welcome home to this wonderfully spacious 1,528 sq. ft. three-bedroom strata in the heart of Kelowna’s vibrant cultural district! Rarely does a home of this size become available in the downtown core, making this a truly special opportunity. The thoughtful split-bedroom layout offers plenty of privacy and flexibility for families, guests, or shared living. The beautiful modern kitchen features quartz countertops and a stunning waterfall edge, opening into bright, welcoming living spaces that are perfect for relaxing, hosting friends, and making memories. Large windows fill the home with natural light, while the expansive covered patio creates a wonderful private space to enjoy your morning coffee, unwind after a busy day, or entertain outdoors. Best of all, you’re just steps from the beach, arena, restaurants, NEW UBCO CAMPUS, shopping, and everything that makes downtown Kelowna such a fun and exciting place to live. UBC Okanagan is also easily accessible, adding excellent convenience for students, faculty, and investors. Recent updates include a beautifully renovated ensuite bathroom, hardwood flooring, quartz kitchen countertops, and newer appliances throughout. With its generous size, stylish updates, fantastic location, and inviting atmosphere, this move-in-ready home is ready for you to enjoy!

Type: Condo, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,528 sq ft
Parking: 1
Year built: 2007
Property tax: $1,089 / yr
Strata fee: $561 / mo ($0.37 / sq ft)
Strata rules: Pets Allowed
Days on market: 49
MLS®: 10398080

Price per sq ft: $385 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.

Central island
One Balcony
Pets Allowed
Refrigerator
Range - Electric
Dishwasher

On market 49 days

Listed now: 62 days; median for 509 condos for sale; this one 49 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
1.6 km away · 1280 Wilson Ave, Kelowna · 250-870-5114
Middle Dr. Knox Middlehomes in this catchment
5.6 km away · 121 Drysdale Blvd, Kelowna · 250-870-5130
Secondary Kelowna Secondaryhomes in this catchment
3.1 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.

$3,218/mo

Mortgage $2,566 · Tax $91 · Strata $561

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

estimated payment

$2,566/ monthly

loan $471,200

25-year amortization

down payment20% · $117,80020%+ 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: $298,665
property transfer tax: $9,780; BC general rate
cash to close: $127,580; down + PTT
total paid: $769,865

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: $2,713/mo
After all costs: −$757/mo
Cap rate: 3.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,566 · tax $91 · strata $561 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ 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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