Condo
$474,900
935 Academy Way Unit# 105
University District, Kelownalisted today
3 bd3 ba870 sq ft
MLS® 104028721 / 23
$498,000
625 Academy Way Unit# PH11
University District, Kelowna · MLS® 10391434
3 bed · 3 bath · 931 sq ft · 2 parking
Condo · Single Family · built 2020 · 111 days on market
Listed by Kara Torgasows, Canada Flex Realty Group
Realtor's description
This fully furnished 3-bedroom penthouse unit in the highly sought-after U8 building is a turnkey opportunity, currently vacant and ready for immediate occupancy or rental income. Located just steps from UBCO, this spacious unit features an open-concept floor plan with soaring ceilings, 3 bathrooms (2 ensuites and 1 main bath), and modern finishes throughout. Perfectly positioned for strong rental demand, this condo has previously generated $3,200 per month plus $300 for utilities, making it an attractive option for investors seeking excellent cash flow potential. Additional features include a tandem parking stall for two vehicles, a private storage locker, and an in-suite heating and cooling system for year-round comfort and energy efficiency. The well-maintained U8 building offers convenient access to local amenities, restaurants, shopping, UBCO, and Kelowna International Airport. Currently vacant and easy to show on short notice, this is a fantastic opportunity to own in one of Kelowna's most sought-after rental locations. Quick possession available. Contact your favorite Realtor® today to schedule your private viewing.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 931 sq ft
- Parking
- 2
- Year built
- 2020
- Property tax
- $3,065 / yr
- Strata fee
- $363 / mo ($0.39 / sq ft)
- Strata rules
- Pets not Allowed, Rentals Allowed
- Days on market
- 111
- MLS®
- 10391434
Features
- See remarks
- Pets not Allowed
- Rentals Allowed
- Washer
- Refrigerator
- Range - Electric
Monthly cost
$2,789/mo
Mortgage $2,170 · Tax $255 · Strata $363
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
- −$328/mo
- Cap rate
- 4.4%
- yearly net rent ÷ price
Costs: mortgage $2,170 · tax $255 · strata $363 · insurance ~$35 · 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
2.7 km away · 125 Snowsell St North, Kelowna · 250-870-5128
- Middle Dr. Knox Middlehomes in this catchment
2.6 km away · 121 Drysdale Blvd, Kelowna · 250-870-5130
- Secondary Kelowna Secondaryhomes in this catchment
9.2 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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