1395 Ellis Street Unit# 506
Kelowna, BC V1Y1Z9
$950,000
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $799/mo
- Annual property tax
- $3,969.97
Interior
- Heating
- See remarks
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
- Fireplace type
- Gas, Unknown
- Flooring
- Tile, Hardwood
Exterior & Lot
- View
- Lake view, Mountain view, View (panoramic)
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Underground
Restrictions & Policies
- Age / occupancy
- Adult-oriented (no young children)
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | 5'4'' x 8' |
| Den | Main level | 10'2'' x 11' |
| 4pc Ensuite bath | Main level | 6'1'' x 9'6'' |
| 5pc Ensuite bath | Main level | 13'4'' x 9'7'' |
| Bedroom | Main level | 10'5'' x 24' |
| Primary Bedroom | Main level | 12'1'' x 24'11'' |
| Kitchen | Main level | 12'4'' x 16'1'' |
| Dining room | Main level | 10'8'' x 16'7'' |
| Living room | Main level | 14'1'' x 16'9'' |
Listing Information
- MLS®
- 10387455
- Listed
- May 13, 2026
- Time on market
- On the market for 110 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Kelowna · Data source: CREA DDF.
Description
Welcome to The Madison, one of Kelowna’s most prestigious and sought after high-rise buildings. With concrete construction, this tower offers exceptional soundproofing, durability, and quiet living while still being in the heart of downtown. This spacious residence is a standout, as units of this size rarely come available in the Cultural District. Inside, hardwood flooring flows throughout the main living areas, while the kitchen boasts a large granite island, maple cabinets, premium Bosch appliances, and ample storage. The generous primary bedroom includes a luxurious five-piece ensuite, complemented by a second bedroom with its own full four-piece bathroom. Additional highlights include in-unit laundry, excellent storage, and expansive living and dining areas that are rarely matched in the downtown core. Outside features a large, southwest exposure covered deck with 2 remote controlled blinds, perfect for outdoor living year-round. This building is a five-minute walk to the Lake, and steps from the Community Theatre, Prospera Place, the Yacht Club, shopping, dining, and everyday amenities, this is downtown living at its finest. Amenities include an on site building manager, conference room with kitchen facility, fitness centre, bike storage & soon EV charges at each stall. Perfect for buyers seeking the space and quietness of a home, combined with the convenience and elegance of a high-end condo. (id:63159)
Values & Trends
This listing
$569/sqft
Building average
$876/sqft
1 active listing(s)
Kelowna North average
$699/sqft
157 active listing(s)
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
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
78
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
| School | Type | Distance |
|---|---|---|
| The Balsam School(Independent) | Elementary | 295 m |
| Central Secondary | Secondary | 1.0 km |
| Central School Programs | K-12 | 1.0 km |
| St Joseph Elementary School(Independent) | Elementary | 1.2 km |
| Bankhead Elementary | Elementary | 1.6 km |
| A S Matheson Elementary | Elementary | 1.8 km |
| Raymer Elementary | Elementary | 2.7 km |
| Glenmore Elementary | Elementary | 2.8 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+)
- Gather Restaurant · 460 Doyle Avenue47 m
- GetintheLoop Restaurant · 1353 Ellis Street77 m
- Pizza Studio · 1360 Ellis Street100 m
- The Curious café · 1423 Ellis Street105 m
- Nagano Sushi288 m
Cafes (5+)
- Bean Scene North22 m
- Blenz Coffee · 460 Doyle Avenue41 m
- Bike Shop Cafe and Catering · 1357 Ellis Street57 m
- Catelowna · 1441 Ellis Street149 m
- Blend Bites Kelowna247 m
Grocery (2)
- GetintheLoop Grocery · 1353 Ellis Street77 m
- Safeway · 697 Bernard Avenue493 m
Parks (5+)
- Stuart Park302 m
- Kerry Park495 m
- Waterfront Park510 m
- Pioneer Garden515 m
- Knowles Heritage Park799 m
Shopping (1)
- The Core on Ellis · 1353 Ellis Street89 m
Gyms (4)
- Life Aesthetics Online Coaching · 1435 Water Street232 m
- SPIN co · 410 Bernard Avenue333 m
- BarreRoom · 410 Bernard Avenue334 m
- Move & Flow · 589 Lawrence Avenue497 m
Pharmacies (3)
- Pharmasave · 505 Doyle Avenue77 m
- Shoppers Drug Mart · 597 Bernard Avenue410 m
- Pharmasave669 m
Banks & ATMs (5+)
- Scotiabank · 488 Bernard Avenue318 m
- Unnamed345 m
- First West Credit Union · 507 Bernard Avenue351 m
- Beem Credit Union · 598 Bernard Avenue370 m
- CIBC · 328 Bernard Avenue381 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.4% ($70,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.