1168 ELLIS ST | PREMIUM COMMERCIAL OWNERSHIP OPPORTUNITY AT ONE WATER STREET

1168 ELLIS STREET | KELOWNA BC

$850,000

For Sale

$850,000

For Sale

The Opportunity

RLK Commercial and CBRE Limited are pleased to offer for sale, on behalf of the Vendor, four premium retail strata units located at One Water – Kelowna’s landmark mixed ‑use community in the heart of the city’s vibrant urban core. One Water is a striking two ‑tower, master‑planned project comprised of a 36 ‑storey East Tower and a 29 ‑storey West Tower, rising prominently above downtown Kelowna and offering immediate access to thousands of residents within the development and the surrounding high ‑density residential neighbourhood. The site benefits from strong pedestrian activity, seamless access to public transit, and proximity to many of Kelowna’s most notable lifestyle destination.

Located just steps from Okanagan Lake, the waterfront boardwalk, and some of the city’s most popular dining, entertainment, and recreational amenities, the area attracts both locals and year‑round visitors. With the ongoing growth of downtown Kelowna and the Okanagan region, these commercial strata units represent a highly desirable opportunity to secure a foothold in a rapidly expanding market.


Property Details

Boutique owner-user retail opportunity delivered in shell condition, featuring expansive ceiling heights, full design flexibility, and strong exposure along Ellis Street.

Municipal Address 1168 Ellis Street, Kelowna BC, V1Y 0J5
Size 1,282 SF
Tenancy Vacant
Ceiling Height 10’2” clear ceiling height with up to ~21’5” at peak (11’8” to slab)
Power 250A / 208V / 3-Phase / 4-Wire
Designated Parking 1 stall
Monthly Strata Fee $833.93
Zoning UC1 – Urban Centre Commercial

 


Location Overview

One Water Street is centrally located in downtown Kelowna, steps from Okanagan Lake, the waterfront promenade, and the city’s dynamic North End – one of Kelowna’s most vibrant and culturally rich neighbourhoods. Positioned between the city’s Cultural and Entertainment District and the Bernard Avenue shopping corridor, the community offers a walkable urban lifestyle surrounded by lakeside amenities, contemporary residential towers, and a diverse mix of retail, dining, and entertainment options.

Downtown Kelowna is known for its scenic waterfront and lively urban core, home to upscale boutiques, local retailers, cafes, craft breweries, and many of the Okanagan’s most acclaimed restaurants and wine bars. The area also features marquee hospitality and lifestyle destinations, including the Delta Hotels by Marriott Grand Okanagan Resort, specialty grocers, and boutique fitness studios. The adjacent Cultural and Entertainment District enhances the neighbourhood’s appeal with tree‑lined streets, parks, beaches, and an impressive collection of arts and entertainment venues. This includes the Kelowna Art Gallery, Rotary Centre for the Arts, and Prospera Place – the city’s largest event venue and host to major concerts and year‑round programming.

The North End further provides access to galleries, museums, performance spaces, public art, outdoor festivals, classes, and workshops that animate the area throughout the year. With Waterfront Park, marinas, cycling paths, and numerous community amenities just steps away, along with immediate access to Bernard Avenue’s primary retail and dining offerings, One Water Street stands as one of the most desirable and well‑connected addresses in the Okanagan.


Property Details

Property Type:

Strata Retail

Address:

1168 ELLIS STREET | KELOWNA BC

Unit Size:

1,282 SF

# of Units:

1

Year Built:

2022

Zoning:

UC1

Parking:

1 Stall

BROCHURE

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Presented By

Meghan Cortese PREC*

250.862.7038

Email Meghan Cortese PREC*

meghancortese@rlkcommercial.com


Request More Info



Property Details

Boutique owner-user retail opportunity delivered in shell condition, featuring expansive ceiling heights, full design flexibility, and strong exposure along Ellis Street.

Municipal Address 1168 Ellis Street, Kelowna BC, V1Y 0J5
Size 1,282 SF
Tenancy Vacant
Ceiling Height 10’2” clear ceiling height with up to ~21’5” at peak (11’8” to slab)
Power 250A / 208V / 3-Phase / 4-Wire
Designated Parking 1 stall
Monthly Strata Fee $833.93
Zoning UC1 – Urban Centre Commercial

 


Location Overview

One Water Street is centrally located in downtown Kelowna, steps from Okanagan Lake, the waterfront promenade, and the city’s dynamic North End – one of Kelowna’s most vibrant and culturally rich neighbourhoods. Positioned between the city’s Cultural and Entertainment District and the Bernard Avenue shopping corridor, the community offers a walkable urban lifestyle surrounded by lakeside amenities, contemporary residential towers, and a diverse mix of retail, dining, and entertainment options.

Downtown Kelowna is known for its scenic waterfront and lively urban core, home to upscale boutiques, local retailers, cafes, craft breweries, and many of the Okanagan’s most acclaimed restaurants and wine bars. The area also features marquee hospitality and lifestyle destinations, including the Delta Hotels by Marriott Grand Okanagan Resort, specialty grocers, and boutique fitness studios. The adjacent Cultural and Entertainment District enhances the neighbourhood’s appeal with tree‑lined streets, parks, beaches, and an impressive collection of arts and entertainment venues. This includes the Kelowna Art Gallery, Rotary Centre for the Arts, and Prospera Place – the city’s largest event venue and host to major concerts and year‑round programming.

The North End further provides access to galleries, museums, performance spaces, public art, outdoor festivals, classes, and workshops that animate the area throughout the year. With Waterfront Park, marinas, cycling paths, and numerous community amenities just steps away, along with immediate access to Bernard Avenue’s primary retail and dining offerings, One Water Street stands as one of the most desirable and well‑connected addresses in the Okanagan.