Condo
$400,000
1588 Ellis Street Unit# 903
Kelowna North, Kelownalisted today
1 bd1 ba615 sq ft
MLS® 103996021 / 33
$322,000
1588 Ellis Street Unit# 1905
Kelowna North, Kelowna · MLS® 10391821
1 bath · 312 sq ft · 1 parking
Condo · Single Family · built 2020 · 89 days on market
Listed by Richard Arcand, Oakwyn Realty Okanagan
Realtor's description
Welcome to Unit 1905 at ELLA, a modern studio in the heart of downtown Kelowna offering exceptional lifestyle and investment potential. Located in the sought-after LEED-certified concrete ELLA building, built in 2020, this thoughtfully designed 19th-floor home features oversized windows with beautiful city and mountain views, creating a bright, open living space. The contemporary kitchen is finished with quartz countertops, integrated appliances, and a gas cooktop, plus in suite laundry with gas/water included in the strata fees. High-quality finishes continue throughout, while the Juliet balcony adds natural light. The unit also includes a covered and secure PARKING STALL — complemented by a dedicated bike rack. The home also includes a modern in-suite intercom system with access to the cameras in and around the building, plus the added security and convenience of 7-day concierge service. ELLA is also pet-friendly with included pet wash and bike wash area. Rentals are permitted with a minimum 30-day term, offering flexibility for investors and owners alike. Estimated net monthly income is approximately $1,055 after strata fees and property taxes. Freshly painted and move-in ready, this home combines modern finishings, walkability, secure parking, and strong investment appeal. Enjoy being steps from Kelowna’s waterfront, beaches, City Park, restaurants, shopping, and cultural district — all from one of downtown’s most desirable modern buildings.
Property details
- Type
- Condo, Single Family
- Bathrooms
- 1
- Living area
- 312 sq ft
- Parking
- 1
- Year built
- 2020
- Property tax
- $1,123 / yr
- Strata fee
- $171 / mo ($0.55 / sq ft)
- Strata rules
- Pet Restrictions, Pets Allowed With Restrictions
- Days on market
- 89
- MLS®
- 10391821
Features
- Level lot
- One Balcony
- Pet Restrictions
- Pets Allowed With Restrictions
- Washer
- Refrigerator
Monthly cost
$1,667/mo
Mortgage $1,403 · Tax $94 · Strata $171
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
- $1,394/mo
- After all costs
- −$420/mo
- Cap rate
- 3.7%
- yearly net rent ÷ price
Costs: mortgage $1,403 · tax $94 · strata $171 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a studio 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
1.8 km away · 1280 Wilson Ave, Kelowna · 250-870-5114
- Middle Dr. Knox Middlehomes in this catchment
6.0 km away · 121 Drysdale Blvd, Kelowna · 250-870-5130
- Secondary Kelowna Secondaryhomes in this catchment
2.6 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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