House
$719,000
702 Hamilton Ave
University District, Nanaimo2 days on market
3 bd2 ba1,295 sq ft
MLS® 10515601 / 40
$699,900
610 Academy Way Unit# 117
University District, Kelowna · MLS® 10401097
3 bed · 4 bath · 1,960 sq ft · 2 parking
Townhouse · Single Family · built 2024 · 19 days on market
Listed by Ian Watson, Coldwell Banker Horizon Realty
Realtor's description
MOVE IN NOW! There is nothing traditional about these townhomes. They were designed to help out the modern family get into their first home or for investors to maximize returns. How about 2 bedrooms and den (could be 3 bedrooms) and a separate entrance lock off boarding room!!! Yes, a rental room included in a townhome. Prices start in the mid $600's and if you are a first time buyer and you qualify there is no GST or PTT. That is a savings of over $50k. The deals do not get any better than this. These homes are already the best priced New Construction townhomes in the Valley and now they just got better. Besides the value portion of the equation you can't beat the location. Walk to the UBCO campus, 5 min drive to the airport, shopping is 5 minutes away and the award winning RAIL TRAIL that links to downtown and places north is only 5 minutes away. All homes come with modern fixtures and features such as stainless steel kitchen appliance, full size laundry units, ice cold central A/C with forced air gas heat, all window coverings and light fixtures and a side-by-side two car garage. This unit is the OMEGA (White) color scheme, the photos show a SIGMA (light) scheme. Buy and live or buy and rent or buy for your kids while they attend UBCO. At this price, why rent? EARN WHILE YOU LIVE. Price plus GST.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 3
- Bathrooms
- 4
- Living area
- 1,960 sq ft
- Parking
- 2
- Year built
- 2024
- Property tax
- $4,114 / yr
- Strata fee
- $323 / mo ($0.16 / sq ft)
- Days on market
- 19
- MLS®
- 10401097
Features
- Central island
- Balcony
- Washer
- Refrigerator
- Range - Electric
- Dishwasher
Monthly cost
$3,715/mo
Mortgage $3,049 · Tax $343 · Strata $323
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,713/mo
- After all costs
- −$1,394/mo
- Cap rate
- 2.8%
- yearly net rent ÷ price
Costs: mortgage $3,049 · tax $343 · strata $323 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ bedroom in Kelowna (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
University District, KelownaGoogle Maps ↗
Schools
Catchment schools, Central Okanagan School District 23
- Elementary North Glenmore Elementaryhomes in this catchment
2.6 km away · 125 Snowsell St North, Kelowna · 250-870-5128
- Middle Dr. Knox Middlehomes in this catchment
2.5 km away · 121 Drysdale Blvd, Kelowna · 250-870-5130
- Secondary Kelowna Secondaryhomes in this catchment
9.1 km away · 1079 Raymer Ave, Kelowna · 250-870-5105
From the Central Okanagan School District 23's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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