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$420,000

700 Martin Avenue Unit# 106

Kelowna North, Kelowna · MLS® 10391382

1 bed · 1 bath · 743 sq ft · 1 parking

Condo · Single Family · built 2008 · 116 days on market

Listed by Blaine Vernon-Jarvis, Judy Lindsay Okanagan

DOWNTOWN KELOWNA LIVING AT ITS FINEST! Welcome to this stunning 1-bedroom ground-floor home at the highly desirable Martin Lofts. Boasting 743 sq. ft. of bright, open-concept living space, this industrial-chic unit features soaring ceilings, contemporary finishes, and central air. The standout feature is the massive private walk-out patio—a rare urban oasis perfect for outdoor dining, entertaining, or giving your pet quick access. The modern kitchen shines with a large island, sleek cabinetry, and stainless steel appliances.Unbeatable location with a 94 Walk Score! You are just steps from Kelowna’s best restaurants, breweries, beaches, Knox Mountain, and the upcoming UBCO downtown campus. Includes secure underground parking and a storage locker. Pet-friendly (1 dog or 1 cat, no size restrictions) and long-term rentals allowed, making this a phenomenal first home or investment property. Don't miss out on this downtown gem! Strata has very strong Contingency fund.

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 743 sq ft
Parking: 1
Year built: 2008
Property tax: $1,600 / yr
Strata fee: $349 / mo ($0.47 / sq ft)
Days on market: 116
MLS®: 10391382

Below typical for the area (-20%)

Price per sq ft: $565 vs $706 median for condos in Kelowna North for sale (155)

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.

On market 116 days

Listed now: 62 days; median for 511 condos for sale; this one 116 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
1.2 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
2.8 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.

$2,313/mo

Mortgage $1,830 · Tax $133 · Strata $349

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

estimated payment

$1,830/ monthly

loan $336,000

25-year amortization

down payment20% · $84,00020%+ 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: $212,970
property transfer tax: $6,400; BC general rate
cash to close: $90,400; down + PTT
total paid: $548,970

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: −$878/mo
Cap rate: 2.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,830 · tax $133 · strata $349 · 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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