$505,000
775 Academy Way Unit# 218
Beds
3
Baths
3
Sqft
—
Year
2017
About this home
Don't pay strata fees for 1 year!* This 3-bedroom/3-bathroom condo residence at the top of 'the hill' overlooks the plunging hillside offering stunning mountain and valley views from the private balcony, living room, and bedroom windows. It's the perfect place to relax, study, and connect with friends. Your kid will call home just to tell you how great it is to live here! U THREE is a short 10-min walk to the UBCO campus by street-lit sidewalk or forest path. Inside, this residence has an open, modern floor plan with a full kitchen, dining area, in-suite laundry, and 3 bedrooms each with their own bathroom. Features include forced air heating and cooling for energy-efficiency, and luxury vinyl plank flooring for durability and longevity. 1 underground parking stall and visitor parking pass are included. SOLID INVESTMENT OPPORTUNITY in an area that continues to enjoy a very low vacancy rate thanks to demand from university students — this is one of the only buildings within walking distance. Tenanted and sold furnished and equipped for a turnkey investment or available vacant before September 2026. Google search University District Kelowna to learn more about this fantastic location to live and invest. Restaurants, convenience store, medical office all nearby, and City transit stops all on Academy Way. *Contact listing agent for details. (id:65958)
- Subtype
- Single Family
- Architectural style
- Other
- MLS#
- 10376309
- Area
- KELOWNA
Cash on cash
-12.15%
Cap rate
3.46%
GRM
16.7
Break-even rent
$3,601
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.