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625 Academy Way Unit# 223
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Beds
2
Baths
2
Sqft
704
Year
2020
Type
Single Family
On market
29d
Welcome to modern living in the heart of Kelowna’s University District at U-Eight, one of the newest condominium developments on Academy Way. This bright and contemporary two-bedroom, two-bathroom condo is thoughtfully designed with student life and investment in mind, offering a split-bedroom floor plan that ensures each roommate has their own private space and full bathroom. The stylish interior features a stainless-steel appliance package, including a dishwasher and the added convenience of en-suite laundry. Step outside onto your generous private patio to unwind and soak in the beautiful Okanagan weather after a long day of classes. This unit includes one dedicated parking stall as well as guest parking for visitors. Perfectly situated just minutes from the UBCO campus, this location is ideal for parent investors looking to provide housing for their children or for those seeking a solid rental property in a high-demand area. Convenience is at your doorstep with the Kelowna International Airport (YLW), the Airport Business Park, and Nester's Market all just minutes away. You can also enjoy world-class golf at the Okanagan Golf Club, situated only five minutes from your front door. Ready for quick possession, this unit is perfectly timed for you to settle in before the start of the September 2026 school year. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11'3'' x 12' | |
| Kitchen | 10'5'' x 12'1'' | |
| Full ensuite bathroom | — | |
| Bedroom | 10'8'' x 9'1'' | |
| Primary Bedroom | 12'7'' x 9'10'' | |
| Full bathroom | — |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-7.26%
Cap rate
3.41%
GRM
16.7
Break-even rent
$2,510
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.