1455 Ellis Street, Kelowna
Rare opportunity to acquire a fully leased commercial investment property in the heart of Downtown Kelowna. 1455 Ellis Street is a well-maintained, two-storey commercial building comprising approximately 12,192 SF on a 0.17-acre site, with a diversified mix of retail, professional service and office tenants. The property is 100% leased and generates approximately $157,785 in current annualized base rent, plus applicable additional rent and recoveries. The largest tenant occupies the entire 6,156 SF second floor, with an executed replacement lease commencing May 2028 that increases base rent from $11.00/SF to $14.00/SF, followed by contractual annual increases. Long-term retail tenancy includes Marble Slab Creamery, with additional scheduled rental growth across the rent roll. The building has benefited from substantial investment, including second-floor renovations, tenant improvements, furnace, HVAC, electrical and security upgrades, increased plumbing capacity and ongoing elevator maintenance. Four on-site parking stalls. UC1 Downtown Urban Centre zoning provides long-term redevelopment potential in addition to current investment income. (id:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 1455 Ellis Street, Kelowna
- Type
- Commercial
Nearby Listings Stat
Estimated price and comparable properties near 1455 Ellis Street
Active Listings
545
Min Price
$69,900
Max Price
$9,900,000
Avg Price
$952,157
Days on Market
105
days
Sold Listings
130
Min Sold Price
$100,000
Max Sold Price
$2,599,000
Avg Sold Price
$868,384
Days until Sold
116
days
Neighbourhood Census Data
Kelowna, British Columbia / Colombie-Britannique
Population
1,056
Median Age
56.2
Median Income
$30,032
Dwelling Value
$298,475
Housing Tenure
Owners 42%
Renters 59%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.5
Pop. Density: 2,026.9/km²
Avg Shelter Cost: $1,143/mo
Owners with Mortgage: 50.9%
Owners Spending 30%+: 19.6%
Tenants Spending 30%+: 49.4%
English only: 92.2%
English and French: 7.8%
Median Household Income: $47,936
Median Employment Income: $31,168
Price History
Listed
August 18, 2026
by Macdonald Realty
Current Price
$3,400,000
Type
Commercial
For Sale
