Property Type: Condo / ApartmentOwnership: Strata

1232 Ellis Street Unit# 405

Kelowna, BC V1Y1Z4

$729,000

2 bed3.5 bath1 parking1,116 sqftBuilt 2018
Get Directions

Amenities

Also listed: Storage - Locker, Party Room

Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$512/mo
Annual property tax
$3,240.67

Interior

Heating
Heat Pump, Forced air
Cooling / A/C
Central air conditioning
Fireplace
None

Exterior & Lot

View
City view, Lake view, Mountain view, View of water, View (panoramic)

Parking

Total spaces
1 — covered indicated
Features
Heated Garage

Restrictions & Policies

Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Partial ensuite bathroomMain level5' x 5'
DenMain level8' x 8'
Full ensuite bathroomMain level8' x 5'
BedroomMain level10' x 13'
Full ensuite bathroomMain level5' x 11'5''
Primary BedroomMain level17'10'' x 11'
Dining roomMain level6' x 10'5''
Living roomMain level16'6'' x 22'5''
KitchenMain level8' x 14'5''

Listing Information

MLS®
10390593
Listed
June 9, 2026
Time on market
On the market for 83 days
Data last synced
August 28, 2026

Listing provided by: Sutton Centre Realty · Data source: CREA DDF.

Description

Welcome to 405-1232 Ellis Street, an impeccably furnished luxury residence in Ellis Parc — one of downtown Kelowna's most coveted addresses. This 1,116 sq ft home offers two bedrooms plus den, 2.5 bathrooms, and a seamless open-concept layout designed for both everyday living and effortless entertaining. Floor-to-ceiling windows and 9-foot ceilings flood the space with natural light, framing beautiful mountain city views from every room. Step outside onto your 366 sq ft wraparound deck with a partial lake view — an exceptional outdoor living space rarely found at this scale in downtown Kelowna. The gourmet kitchen features premium stainless steel appliances, elegant finishes, and an oversized island with seating for six. Both bedrooms are generously sized with private ensuites and upgraded showers. The primary suite includes a walk-in closet. This unit is offered fully furnished with professionally curated interiors — move in immediately or continue as a proven rental investment. Located steps from the waterfront, Prospera Place, restaurants, coffee shops, grocery stores, and the future UBCO downtown campus. Pet friendly — one dog or cat, no size restrictions. Turn-key luxury in the heart of downtown Kelowna. (id:63159)

Values & Trends

This listing

$653/sqft

Building average

No other active listings in this building

Kelowna North average

$698/sqft

157 active listing(s)

Parking: 1 stall(s) includedStorage locker: Included

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Clear

15°C

Clear

Humidity 76%

Wind NNW 4 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

144,576

(2021 Census)

+13.5% since 2016

Density: 682.4/km²

Dwellings: 67,115

Median household income: $82,000

After-tax: $73,500

Immigrant population: 15.3%

Top countries of origin (% of total population)

  • United Kingdom2.1% · 3,055
  • India1.6% · 2,335
  • Philippines1.1% · 1,620
  • Germany1.1% · 1,540
  • United States of America1% · 1,375
  • China0.7% · 960
  • Poland0.4% · 585
  • South Africa, Republic of0.4% · 525

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

56

8/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
The Balsam School(Independent)Elementary215 m
Central SecondarySecondary1.4 km
Central School ProgramsK-121.4 km
Bankhead ElementaryElementary1.6 km
St Joseph Elementary School(Independent)Elementary1.7 km
A S Matheson ElementaryElementary2.3 km
Glenmore ElementaryElementary2.8 km
Raymer ElementaryElementary3.2 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (5+)

  • Central Kitchen · 1155 Ellis Street129 m
  • Bouchons Bistro · Sunset Drive180 m
  • Nagano Sushi181 m
  • Waterfront Wines Restaurant · 1180 Sunset Drive206 m
  • Pizza Studio · 1360 Ellis Street386 m

Cafes (5+)

  • Analog Coffee121 m
  • Chaibaba · 1289 Ellis Street158 m
  • J’s Cafe & Bistro158 m
  • Eurobean Coffee337 m
  • Bike Shop Cafe and Catering · 1357 Ellis Street410 m

Grocery (1)

  • GetintheLoop Grocery · 1353 Ellis Street391 m

Parks (5+)

  • Pioneer Garden275 m
  • Waterfront Park327 m
  • Recreation Avenue Park385 m
  • Sunset Drive Park412 m
  • Rotary Marsh Park548 m

Shopping (1)

  • The Core on Ellis · 1353 Ellis Street380 m

Gyms (3)

  • Life Aesthetics Online Coaching · 1435 Water Street619 m
  • SPIN co · 410 Bernard Avenue783 m
  • BarreRoom · 410 Bernard Avenue783 m

Pharmacies (1)

  • Pharmasave · 505 Doyle Avenue543 m

Banks & ATMs (4)

  • Scotiabank · 488 Bernard Avenue780 m
  • Unnamed783 m
  • CIBC · 328 Bernard Avenue794 m
  • Unnamed800 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 6.6% ($47,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$583,200.00
Periodic payment — Principal & Interest (monthly)$3,762.61
Additional monthly expenses (strata, tax, utilities, etc.)$837.85
Total monthly cost$4,600.45
Interest paid over 5-yr term$167,146.80
Balance at end of term$524,590.29

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$47,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,237.42

Cash Needed at Closing

Minimum down payment$47,900
Estimated BC PTT$12,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$61,980

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

Request more information