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New buildInvestment signal

$759,900

610 Academy Way Unit# 125

Beds

3

Baths

4.1

Sqft

Year

2025

About this home

MOVE-IN READY! Please note: this home features the OMEGA, White colour scheme, while photos shown reflect the SIGMA, Light scheme. Welcome to Academy Ridge’s most spacious and versatile floor plan, thoughtfully designed with both everyday living and income potential in mind. This 3-bedroom + den townhome offers a rare opportunity with a self-contained lower-level space complete with a private entrance, ideal for student accommodation, a boarding room, or a third bedroom setup. Spanning three levels, the upper two floors are dedicated to the main living area, while the lower level provides flexible options to suit your needs. The main floor is bright and open, featuring a modern kitchen with quartz countertops, a large island, tile backsplash, stainless steel appliances, and direct access to a BBQ deck, plus a convenient powder room. Upstairs, you’ll find two bedrooms and a full-sized den, including a spacious primary suite with a walk-in closet and a 4-piece ensuite. Complete with a double car garage, central A/C, window coverings, and a full New Home Warranty, this home delivers exceptional value and flexibility. Whether you’re looking to maximize rental income or enjoy the entire space for yourself, this one gives you options. (id:65958)

Subtype
Single Family
MLS#
10383889
Area
KELOWNA
Negative cash flow ~$1,498/mo at these assumptions

Cash on cash

-11.83%

Cap rate

3.52%

GRM

16.7

Break-even rent

$5,377

Financing

Down payment$151,980
Loan amount$607,920
Mortgage$3,730/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$348
Insurance$80
Maintenance$633
CapEx reserve$317
Vacancy loss$190

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

Estimated $3,730/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

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.

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