1 / 40

$360,000

655 Academy Way Unit# 212

University District, Kelowna · MLS® 10395318

2 bed · 2 bath · 710 sq ft · 1 parking

Condo · Single Family · built 2018 · 75 days on market

Listed by Kaila Klassen, Royal LePage Kelowna

BEST PRICED 2 BED/ 2 BATH ON ACADEMY WAY! Welcome to U Seven, perfectly located in the heart of the University District. This beautifully kept, fully furnished two bedroom, two bathroom condo is situated on the quiet side of the building and features a north facing private patio, offering a calm and private outdoor space. The bright open concept layout is both functional and inviting, with separated bedrooms that work perfectly for roommates, students, or tenants. Thoughtfully furnished and accessorized, this turnkey condo allows you to simply unpack and settle in with ease. Just steps from campus, with the bus stop right out front, this location offers unbeatable convenience. Enjoy quick access to the airport, shopping, restaurants, nearby golf courses, and Okanagan wineries, making everyday living and leisure effortless. One parking stall is included for added peace of mind. Whether you are a first time buyer, purchasing for a student, or looking to invest in the Kelowna market, this property offers an exceptional opportunity. Combining location, quality, and value, this is a must see turnkey condo near UBCO.

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 710 sq ft
Parking: 1
Year built: 2018
Property tax: $2,205 / yr
Strata fee: $317 / mo ($0.45 / sq ft)
Days on market: 75
MLS®: 10395318

Typical for the area (-1.9%)

Price per sq ft: $507 vs $517 median for condos in University District for sale (31)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Refrigerator
Range - Electric
Dishwasher
Microwave
Washer/Dryer Stack-Up

On market 75 days

Listed now: 62 days; median for 509 condos for sale; this one 75 days

Condos in Kelowna. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$2,069/mo

Mortgage $1,568 · Tax $184 · Strata $317

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,568/ monthly

loan $288,000

25-year amortization

down payment20% · $72,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $182,546
property transfer tax: $5,200; BC general rate
cash to close: $77,200; down + PTT
total paid: $470,546

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $2,098/mo
After all costs: −$174/mo
Cap rate: 4.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,568 · tax $184 · strata $317 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.

University District, KelownaGoogle Maps ↗