Condo
$698,900
14% less per sq ft1495 Graham Street Unit# 409
Kelowna North, Kelowna13 days on market
2 bd2 ba1,506 sq ft
MLS® 103960751 / 40
$590,000
700 Martin Avenue Unit# 203
Kelowna North, Kelowna · MLS® 10390587
2 bed · 3 bath · 1,375 sq ft · 1 parking
Condo · Single Family · built 2008 · 121 days on market
Listed by Derek Martin, REMAX Kelowna
Realtor's description
Welcome to Martin Ave Lofts, where modern design meets downtown Kelowna living. This stylish 2 bed, 3 bath loft-style condo offers over 1,350 sq. ft. across two levels, providing a rare sense of space and separation in apartment living. The open-concept main floor features hardwood floors, large west-facing windows, and a bright, contemporary kitchen with stainless steel appliances, stone countertops, a glass-tile backsplash, an undermount sink, and crisp white cabinetry. The living area includes a cozy fireplace and opens to a covered patio with a brick feature wall, plus a convenient powder room on the main level. Upstairs, you’ll find a spacious primary bedroom with custom closet built-ins and a beautifully finished ensuite, along with a generous second bedroom and in-suite laundry. This well-maintained building offers heated underground parking, a storage locker, a secure bike room, and a fitness centre. Rentals allowed and one pet permitted with no breed or size restrictions. Located in a trendy downtown Kelowna neighbourhood, just steps to restaurants, cafes, the lake, and everything the downtown core has to offer. Leave the car parked and enjoy the ultimate walkable lifestyle.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 3
- Living area
- 1,375 sq ft
- Parking
- 1
- Year built
- 2008
- Property tax
- $2,758 / yr
- Strata fee
- $673 / mo ($0.49 / sq ft)
- Strata rules
- Pet Restrictions, Pets Allowed With Restrictions, Rentals Allowed
- Days on market
- 121
- MLS®
- 10390587
Features
- Central island
- Balcony
- Pet Restrictions
- Pets Allowed With Restrictions
- Rentals Allowed
- Washer
Monthly cost
$3,473/mo
Mortgage $2,571 · Tax $230 · Strata $673
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
- $2,098/mo
- After all costs
- −$1,578/mo
- Cap rate
- 2.0%
- yearly net rent ÷ price
Costs: mortgage $2,571 · tax $230 · strata $673 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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
Location
Kelowna North, KelownaGoogle Maps ↗
Schools
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.
Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.
