Property Type: Condo / ApartmentOwnership: Strata

1395 Ellis Street Unit# 704

Kelowna, BC V1Y1Z9

$1,985,000

3 bed3.5 bath2 parking2,266 sqftBuilt 2009
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$1,101/mo
Annual property tax
$5,115

Maintenance Fee Includes

Management

Also included: Insurance

Interior

Heating
Heat Pump
Cooling / A/C
Heat Pump
Fireplace
None
Flooring
Hardwood

Parking

Total spaces
2 — uncovered indicated
Features
Underground

Room Dimensions

RoomLevelDimensions
PantryMain level5'7'' x 10'6''
Partial bathroomMain level4'6'' x 5'7''
5pc Ensuite bathMain level13'8'' x 10'8''
4pc Ensuite bathMain level6'4'' x 9'4''
Laundry roomMain level7'2'' x 9'1''
BedroomMain level9'11'' x 14'0''
BedroomMain level13'4'' x 17'
Primary BedroomMain level18' x 24'10''
KitchenMain level18'3'' x 13'7''
Dining roomMain level12'4'' x 15'9''
Living roomMain level18'3'' x 23'0''

Listing Information

MLS®
10386985
Listed
May 15, 2026
Time on market
On the market for 108 days
Data last synced
August 28, 2026

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

Description

For the most discriminating buyer, one of the nicest condos in Kelowna. Professionally & beautifully updated throughout, the design focuses on luxurious modern spaces, but insists on comfort. A great end unit floor plan that in no way feels like a condo, beautiful natural light & views throughout w floor to ceiling windows and remote controlled window coverings. Expansive Lake and City views from surrounding deck and main living spaces. The oversized deck runs the length of the home and is equipped with automatic awnings, permanent planters & has access from all the living spaces. It is a spectacular space to spend time lounging or entertaining. A foodie's kitchen with seamless counter space, an island with room for 6 guests, open shelving, lots of light & a stunning La Cornue Range. The adjacent Butler's pantry for more storage & extra appliances adds convenience, a climate controlled wine room to store the valley's finest wines.. The spacious primary bedroom is at the rear of the home for added peace and privacy with access to private east facing deck for morning coffees. The w/i closet has tons of storage, built-ins & passage to sleek ensuite w separate shower, tub, double sinks & exquisite tile work. Extremely tranquil & private, with building manager on site, living at the Madison is like staying a 5 star hotel everyday. 2 parking stalls, #69 & 74 storage locker 23. Pet rest. 2 dogs or cats under combined weight under 27.2 kg. (id:63159)

Values & Trends

This listing

$876/sqft

Building average

$569/sqft

1 active listing(s)

Kelowna North average

$697/sqft

157 active listing(s)

Parking: 2 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

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

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

SchoolTypeDistance
The Balsam School(Independent)Elementary308 m
Central SecondarySecondary981 m
Central School ProgramsK-12981 m
St Joseph Elementary School(Independent)Elementary1.2 km
Bankhead ElementaryElementary1.6 km
A S Matheson ElementaryElementary1.8 km
Raymer ElementaryElementary2.7 km
Glenmore ElementaryElementary2.8 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 Avenue56 m
  • The Curious café · 1423 Ellis Street93 m
  • GetintheLoop Restaurant · 1353 Ellis Street93 m
  • Pizza Studio · 1360 Ellis Street122 m
  • Bohemian Cafe & Catering Co. · 524 Bernard Avenue301 m

Cafes (5+)

  • Bean Scene North17 m
  • Blenz Coffee · 460 Doyle Avenue58 m
  • Bike Shop Cafe and Catering · 1357 Ellis Street77 m
  • Catelowna · 1441 Ellis Street133 m
  • Blend Bites Kelowna225 m

Grocery (2)

  • GetintheLoop Grocery · 1353 Ellis Street95 m
  • Safeway · 697 Bernard Avenue470 m

Parks (5+)

  • Stuart Park313 m
  • Kerry Park497 m
  • Waterfront Park532 m
  • Pioneer Garden537 m
  • Knowles Heritage Park778 m

Shopping (1)

  • The Core on Ellis · 1353 Ellis Street106 m

Gyms (4)

  • Life Aesthetics Online Coaching · 1435 Water Street234 m
  • SPIN co · 410 Bernard Avenue322 m
  • BarreRoom · 410 Bernard Avenue323 m
  • Move & Flow · 589 Lawrence Avenue476 m

Pharmacies (3)

  • Pharmasave · 505 Doyle Avenue64 m
  • Shoppers Drug Mart · 597 Bernard Avenue388 m
  • Pharmasave652 m

Banks & ATMs (5+)

  • Scotiabank · 488 Bernard Avenue304 m
  • First West Credit Union · 507 Bernard Avenue335 m
  • Unnamed337 m
  • Beem Credit Union · 598 Bernard Avenue348 m
  • CIBC · 328 Bernard Avenue376 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Other Listings in This Building

Other units currently listed in the same building. 1395 Ellis Street

View building profile →
Built 2009

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($397,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,588,000.00
Periodic payment — Principal & Interest (monthly)$10,245.24
Additional monthly expenses (strata, tax, utilities, etc.)$1,640.63
Total monthly cost$11,885.87
Interest paid over 5-yr term$455,125.36
Balance at end of term$1,428,411.14

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$397,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,211.16

Cash Needed at Closing

Minimum down payment$397,000
Estimated BC PTT$37,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$436,200

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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