Property Type: Condo / ApartmentOwnership: Strata

1588 Ellis Street Unit# 708

Kelowna, BC V1Y0H1

$879,000

2 bed3.5 bath1 parking1,377 sqftBuilt 2020
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$754/mo
Annual property tax
$3,097.9

Interior

Heating
Forced air, Electric, See remarks
Cooling / A/C
Central air conditioning
Fireplace
None
Flooring
Ceramic Tile, Vinyl

Exterior & Lot

Exterior features
Other
View
City view, Lake view, Mountain view, View (panoramic)

Parking

Total spaces
1 — uncovered indicated
Features
Parkade, Additional Parking

Room Dimensions

RoomLevelDimensions
Laundry roomMain level5'2'' x 5'0''
Partial bathroomMain level5'2'' x 5'1''
DenMain level6'0'' x 8'0''
Primary BedroomMain level9'10'' x 10'6''
Dining roomMain level11'5'' x 11'5''
3pc Ensuite bathMain level5'0'' x 10'3''
Primary BedroomMain level11'1'' x 13'0''
5pc Ensuite bathMain level11'2'' x 8'0''
Living roomMain level12'0'' x 19'6''
KitchenMain level11'5'' x 18'5''

Listing Information

MLS®
10394015
Listed
July 8, 2026
Time on market
On the market for 54 days
Data last synced
August 28, 2026

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

Description

Experience elevated downtown living in this LUXURIOUS 2 Bedroom + DEN, 2.5 Bath Executive Suite at ELLA—Kelowna’s premier high-rise in the vibrant Bernard District. Perfectly positioned just steps from Okanagan Lake, award-winning restaurants, boutique shopping, breweries, cafes, and the city’s best lifestyle amenities, this residence offers the ultimate in modern urban convenience. Showcasing lake, city, and mountain views, this contemporary home features premium finishings throughout, including high-end appliances, designer fixtures, and thoughtful pre-wiring for future tech integration. The open-concept layout is anchored by expansive windows that flood the space with natural light, while the generously sized deck invites you to unwind and soak in the stunning panorama. Both bedrooms are beautifully appointed, each with its own ensuite, and the versatile den is ideal for a home office or guest space. With ELLA’s reputation for whisper-quiet construction and quality craftsmanship, comfort and privacy are assured. With an exceptional WalkScore of 97, this is truly a walkable lifestyle. Stroll to local eateries, cozy wine bars, art galleries, fitness studios, and the beach—all just moments from your front door. Live the Okanagan dream in one of Kelowna’s most coveted downtown addresses—welcome to ELLA. (id:63159)

Values & Trends

This listing

$638/sqft

Building average

$728/sqft

2 active listing(s)

Kelowna North average

$698/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

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

70

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
Central SecondarySecondary711 m
Central School ProgramsK-12711 m
The Balsam School(Independent)Elementary714 m
St Joseph Elementary School(Independent)Elementary951 m
A S Matheson ElementaryElementary1.6 km
Bankhead ElementaryElementary1.8 km
Raymer ElementaryElementary2.3 km
Kelowna SecondarySecondary2.7 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+)

  • OEB14 m
  • Dunn Enzies · 1559 Ellis Street60 m
  • Pick Thai Restaurant · 467 Bernard Avenue61 m
  • Sushi Sai · 1607 Ellis Street66 m
  • Yamas Greek Taverna · 1630 Ellis Street93 m

Cafes (5+)

  • Switch Cafe60 m
  • Pulp Fiction Coffee House · 1598 Pandosy Street81 m
  • O-Lake Cafe & Bistro99 m
  • Deville Coffee Bernard99 m
  • Chilango · 520 Bernard Avenue127 m

Grocery (2)

  • Safeway · 697 Bernard Avenue343 m
  • GetintheLoop Grocery · 1353 Ellis Street496 m

Parks (5+)

  • Kerry Park351 m
  • Stuart Park418 m
  • Rowcliffe Park · 1850 Richter Street537 m
  • City Park613 m
  • Knowles Heritage Park767 m

Shopping (1)

  • The Core on Ellis · 1353 Ellis Street509 m

Gyms (4)

  • SPIN co · 410 Bernard Avenue107 m
  • BarreRoom · 410 Bernard Avenue107 m
  • Move & Flow · 589 Lawrence Avenue274 m
  • Life Aesthetics Online Coaching · 1435 Water Street301 m

Pharmacies (3)

  • Pharmasave262 m
  • Shoppers Drug Mart · 597 Bernard Avenue287 m
  • Pharmasave · 505 Doyle Avenue343 m

Banks & ATMs (5+)

  • First West Credit Union · 507 Bernard Avenue88 m
  • Scotiabank · 488 Bernard Avenue102 m
  • TD · 1633 Ellis Street113 m
  • Unnamed132 m
  • RBC Royal Bank160 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($62,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$703,200.00
Periodic payment — Principal & Interest (monthly)$4,536.81
Additional monthly expenses (strata, tax, utilities, etc.)$1,081.38
Total monthly cost$5,618.19
Interest paid over 5-yr term$201,539.14
Balance at end of term$632,530.67

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$62,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,275.52

Cash Needed at Closing

Minimum down payment$62,900
Estimated BC PTT$15,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$79,980

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.

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