1 / 28

$400,000

1588 Ellis Street Unit# 903

Kelowna North, Kelowna · MLS® 10399602

1 bed · 1 bath · 615 sq ft · 1 parking

Condo · Single Family · built 2020 · listed today

Listed by Amanda Tak, Vantage West Realty Inc.

Modern downtown living meets move-in-ready convenience in this stylish 1-bedroom plus den, 1-bath condo in the heart of Kelowna. Located on the 9th floor of the Ella Building, this 615 sq. ft. home offers an efficient layout that makes the most of every square foot. Perfect for first-time buyers, downsizers, or investors, the property delivers an easy, low-maintenance lifestyle in one of Kelowna’s most walkable locations. The versatile den provides valuable extra space for a home office, guest area, or whatever your lifestyle requires. Step outside and you’re just minutes from shopping, restaurants, entertainment, parks and Kelowna’s beautiful beaches, plus steps from UBCO’s future downtown campus. With walking and biking access to so many everyday destinations, your car may start wondering what it did wrong. Whether you’re a first-time buyer, investor or simply looking to enjoy the downtown lifestyle, this move-in-ready condo offers an ideal combination of modern living, convenience and location. Come experience downtown Kelowna living for yourself.

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 615 sq ft
Parking: 1
Year built: 2020
Property tax: $1,542 / yr
Strata fee: $336 / mo ($0.55 / sq ft)
Strata rules: Pet Restrictions, Pets Allowed With Restrictions
Days on market: 0
MLS®: 10399602

Below typical for the area (-7.4%)

Price per sq ft: $650 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.

Pet Restrictions
Pets Allowed With Restrictions
Washer
Refrigerator
Range - Gas
Dishwasher

Found among the listing photos.

On market 0 days

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

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
1.7 km away · 1280 Wilson Ave, Kelowna · 250-870-5114
Middle Dr. Knox Middlehomes in this catchment
5.9 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.

$2,207/mo

Mortgage $1,743 · Tax $128 · Strata $336

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

estimated payment

$1,743/ monthly

loan $320,000

25-year amortization

down payment20% · $80,00020%+ 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: $202,828
property transfer tax: $6,000; BC general rate
cash to close: $86,000; down + PTT
total paid: $522,828

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: −$773/mo
Cap rate: 2.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,743 · tax $128 · strata $336 · 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

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.

Kelowna North, KelownaGoogle Maps ↗