Condo
$474,900
935 Academy Way Unit# 105
University District, Kelowna1 day on market
MLS® 10402872
1 / 8
$443,000
775 Academy Way Unit# 207
University District, Kelowna · MLS® 10372852
2 bed · 2 bath · 807 sq ft · 1 parking
Condo · Single Family · built 2017 · 266 days on market
Listed by Renata Steele, RE/MAX City Realty
Realtor's description
Solid investment | Turnkey Living at U Three at UBCO This exceptional 2 bedroom, 2 bathroom condo at U Three offers a rare blend of privacy, functionality and long-term value in one of Kelowna's most desirable rental markets. Located just steps from UBCO, public transit and minutes to Kelowna International Airport, this is an ideal opportunity for investors, parents of students, or owner-occupiers seeking convenience and strong demand. The thoughtfully designed layout features bedrooms separated for maximum privacy - perfect for roommates or quiet study time. The open-concept living, kitchen, and dining area is larger than many comparable two-bedroom units in the complex, offering excellent flow and everyday comfort. Modern finishes include durable vinyl plank flooring, stainless steel appliances, and convenient in-suite laundry. Forced air heating and cooling ensure year-round comfort. Situated on the quiet side of the building, this home enjoys excellent natural light and a peaceful setting.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 807 sq ft
- Parking
- 1
- Year built
- 2017
- Property tax
- $2,658 / yr
- Strata fee
- $266 / mo ($0.33 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 266
- MLS®
- 10372852
Features
- Wheelchair access
- Pets Allowed With Restrictions
- Refrigerator
- Range - Electric
- Dishwasher
- Oven
Monthly cost
$2,418/mo
Mortgage $1,930 · Tax $221 · Strata $266
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
- $2,098/mo
- After all costs
- −$523/mo
- Cap rate
- 3.8%
- yearly net rent ÷ price
Costs: mortgage $1,930 · tax $221 · strata $266 · 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
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
2.7 km away · 121 Drysdale Blvd, Kelowna · 250-870-5130
- Secondary Kelowna Secondaryhomes in this catchment
9.4 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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