For Lease · Specialty

1164 Ellis Street Unit# 1, Kelowna

1164 Ellis Street Unit# 1, Kelowna, BC V1Y0J4

Price on request

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

98%

About this property

Turnkey 743 SF ground-floor office space available for lease at ONE Water Street, a prominent mixed-use development in the heart of downtown Kelowna. Located at 1–1164 Ellis Street, this professionally finished unit offers direct street-level access, expansive storefront glazing, and an efficient, functional layout. The premises feature a welcoming reception area, private glass-enclosed office, open workspace, built-in kitchenette, and accessible washroom. Contemporary finishes, abundant natural light, and existing improvements provide a move-in-ready solution ideal for professional office and service-oriented businesses. Situated within walking distance of Kelowna’s waterfront, Cultural District, restaurants, retail, and downtown amenities, with convenient City metered parking available nearby. An ideal opportunity for businesses seeking a turnkey office space in a central downtown location. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

125,097

Households

54,852

Median income

$92,500

Median age

42.9

Daytime population

154,385

5-yr growth

1.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1164 Ellis Street Unit# 1, Kelowna.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.