$3,400,000
( )
 $18,252 est/mo Sourced by Back At You

1455 Ellis Street,Kelowna, BC V1Y2A3

Kelowna, BC V1Y2A3

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Description

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:13843)

Details

MLS #10398033
Listing TypeFor Sale
StyleResidential Commercial Mix
StatusActive
Days On Site83
Listing Provided ByMacdonald Realty | Samantha Ashly

Features

Interior

Fireplace Yes / NoNo

Area Information

ProvinceBC
CityKelowna
Postal CodeV1Y2A3
Listing VS Median (in V1Y2A3)
Price:
$3,400,000
low | high
Med:
$1,350
100% of Average
On site:
83
low | high
Med:
242
34.297520661157% of Average
Sourced by Back At You

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Learn More About This Property

Victoria Jodoin

Victoria Jodoin

Sutton Group - Masters Realty Inc., Brokerage

REALTOR® (613) 328-4708vjodoin@sutton.com
ProvinceBC
CityKelowna
Postal CodeV1Y2A3
Listing VS Median (in V1Y2A3)
Price:
$3,400,000
low | high
Med:
$1,350
100% of Average
On site:
83
low | high
Med:
242
34.297520661157% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.55M - $4.25M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
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1650 Pandosy Street
Kelowna, BC V1Y1P7
455 & 477 Leon Avenue Property Photo 1
$2,848,000
455 & 477 Leon Avenue
Kelowna, BC V1Y6J4
Listing Updated: September 28, 2026 at 9:01:03 PM PDT

Victoria Jodoin, REALTOR®

101-705 Arlington Park Pl.
Kingston, ON K7M7E4
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Victoria Jodoin  |  
Sutton Group - Masters Realty Inc Brokerage - Kingston - 101-705 Arlington Park Pl., Kingston, ON K7M7E4

The information is being provided by CREA. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 CREA. All Rights Reserved.
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