1395 Ellis Street Unit# 1401

About this home

Life at The Madison places the best of downtown Kelowna just beyond your door, with the waterfront, boutique shopping, restaurants, cafes, and breweries all within easy walking distance. This exceptional sub-penthouse offers three bedrooms, three bathrooms, and a light-filled layout framed by views of Okanagan Lake, the city, and surrounding hills. Curved, floor-to-ceiling windows wrap around the main living spaces, bringing the changing scenery into view throughout the day. Walnut hardwood floors flow through the living and dining areas, where a gas fireplace adds warmth and sliding doors open to a spacious patio for dining outdoors or taking in the evening light. A second patio off the kitchen offers another place to enjoy the fresh air. The kitchen is designed for those who love to cook and gather, with a professional appliance package, custom soft-close Blume cabinetry, an expansive centre island with seating for four and a breakfast nook. The primary suite offers a restful retreat with a well-appointed ensuite featuring rich cabinetry and contrasting white counters. Two additional bedrooms provide flexibility for family, guests, or a dedicated office, including one with its own ensuite. Residents of The Madison enjoy access to an on-site fitness room and boardroom/lounge. Two parking stalls and a storage locker are included. A downtown residence where mornings can begin by the lake and evenings end with city lights and Okanagan scenic views.

Property details

Market read

At $814 per sq ft of finished area, it is listed 19% below the $1,003 per sq ft median of the 7 apartments that sold between $1.5M and $2.5M in the Central Okanagan over the last 12 months, and 12% below the $922 per sq ft median of the 20 listed in that range now.

20 active listings against 7 sales in a year is about 34 months of supply in this range, at the past year's pace. Those sales took a median 54 days and sold at a median 97.2% of their final list price.

Across Kelowna North, 203 apartments sold in the last 12 months at a median $505,000 ($584 per sq ft), in a median 52 days, at 96.7% of final list price; 181 are listed now.

On the market 22 days under this listing, at its original price.

Association of Interior REALTORS® MLS® data, as of October 20, 2026. Sales are dated by accepted offer over the last 365 days. The price range is this list price plus or minus 25 percent, for the same kind of home in the same board area. Medians appear only where at least five properties qualify. Price per square foot uses total finished area, above and below grade together, so it is a check on price, not a valuation.

Location

Neighbourhood Access