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1455 Ellis Street, Kelowna
2026-08-20
Quick Summary
- Location
- 1455 Ellis Street, Kelowna, British Columbia V1Y2A3
- Price
- $3,400,000
- Status:
- For Sale
- Property Type:
- Other
MLS®#10398033
Property 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. 2026 BC Assessment: $2,910,000. Offering Price: $3,400,000. Confidential financial package available upon execution of NDA. (id:32467)
Property Features
Building
- Fireplace: No
- Building Type: Residential Commercial Mix
Land
- Land Size: under 1 acre
Information entered by Macdonald Realty
Listing information last updated on: 2026-08-18 21:12:18
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
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Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950
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Glen MacKenzie REALTOR®. Member of The Canadian Real Estate Association & more
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