Property Type: Condo / ApartmentOwnership: Strata

1289 Ellis Street Unit# 316

Kelowna, BC V1Y9X6

$399,000

1 bed1 bath1 parking784 sqftBuilt 2005
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$320/mo
Annual property tax
$1,975.06

Interior

Heating
Forced air
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Unknown, Decorative
Flooring
Tile, Hardwood

Exterior & Lot

Exterior features
Brick, Stucco
View
City view, Mountain view, Valley view, View (panoramic)

Building

Roof
Other, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Underground, Stall

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
StorageMain level5'3'' x 7'10''
Living roomMain level13'7'' x 15'1''
KitchenMain level10'7'' x 9'5''
Dining roomMain level10'7'' x 5'9''
Primary BedroomMain level9'3'' x 8'
4pc BathroomMain level8' x 5'6''

Listing Information

MLS®
10397198
Listed
August 12, 2026
Time on market
On the market for 19 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.

Description

Welcome to The Cannery Lofts, where modern style meets unbeatable downtown living. This 784 sqft, 1 bed/1 bath condo features soaring ceilings, large windows, and a bright, open layout that enhances the sense of space. Located on the third floor, this well-kept home has been thoughtfully refreshed with new lighting, new kitchen cupboards, updated sink fixtures, and fresh paint in the unit. A secure parking stall is also included, adding everyday convenience to this fresh, move-in-ready space. Step outside and enjoy everything downtown Kelowna has to offer - a stroll to the lake, explore vibrant Bernard Avenue, discover local breweries and restaurants, or catch an event at Prospera Place right across the street. The building’s private rooftop patio provides a relaxing space with city views, perfect for entertaining or unwinding after a day in the city. This is your opportunity to own a beautifully updated home in one of Kelowna’s most sought-after locations. Schedule your showing today and experience downtown living at its finest! (id:63159)

Values & Trends

This listing

$509/sqft

Building average

No other active listings in this building

Kelowna North average

$699/sqft

157 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

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

12°C

Clear

Humidity 88%

Wind ENE 5 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

63

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)Elementary67 m
Central SecondarySecondary1.3 km
Central School ProgramsK-121.3 km
St Joseph Elementary School(Independent)Elementary1.5 km
Bankhead ElementaryElementary1.5 km
A S Matheson ElementaryElementary2.1 km
Glenmore ElementaryElementary2.7 km
Raymer ElementaryElementary3.0 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+)

  • Nagano Sushi64 m
  • GetintheLoop Restaurant · 1353 Ellis Street234 m
  • Pizza Studio · 1360 Ellis Street242 m
  • Central Kitchen · 1155 Ellis Street278 m
  • Bouchons Bistro · Sunset Drive326 m

Cafes (5+)

  • Chaibaba · 1289 Ellis Street22 m
  • J’s Cafe & Bistro59 m
  • Bike Shop Cafe and Catering · 1357 Ellis Street254 m
  • Analog Coffee283 m
  • Eurobean Coffee299 m

Grocery (2)

  • GetintheLoop Grocery · 1353 Ellis Street234 m
  • Safeway · 697 Bernard Avenue766 m

Parks (5+)

  • Pioneer Garden339 m
  • Waterfront Park371 m
  • Stuart Park484 m
  • Recreation Avenue Park504 m
  • Sunset Drive Park574 m

Shopping (1)

  • The Core on Ellis · 1353 Ellis Street222 m

Gyms (4)

  • Life Aesthetics Online Coaching · 1435 Water Street490 m
  • SPIN co · 410 Bernard Avenue637 m
  • BarreRoom · 410 Bernard Avenue637 m
  • Move & Flow · 589 Lawrence Avenue788 m

Pharmacies (2)

  • Pharmasave · 505 Doyle Avenue388 m
  • Shoppers Drug Mart · 597 Bernard Avenue691 m

Banks & ATMs (5+)

  • Scotiabank · 488 Bernard Avenue628 m
  • Unnamed642 m
  • Beem Credit Union · 598 Bernard Avenue652 m
  • First West Credit Union · 507 Bernard Avenue662 m
  • CIBC · 328 Bernard Avenue662 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (strata, tax, utilities, etc.)$523.22
Total monthly cost$2,582.59
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,914.76

Cash Needed at Closing

Minimum down payment$19,950
Estimated BC PTT$5,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,430

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.

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