Property Type: TownhouseOwnership: Strata

610 Academy Way Unit# 114

Kelowna, BC V1Y9T1

$699,900

3 bed4.5 bath2 parking1,860 sqftBuilt 2024
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Amenities

Also listed: Laundry - Coin Op

Property Details

Property & Lot

Sub-type
Row / Townhouse
Stories
3

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$297/mo
Annual property tax
$4,080.04

Maintenance Fee Includes

WaterManagement

Also included: Ground Maintenance, Insurance, Other, See Remarks, Reserve Fund Contributions

Interior

Basement
Full
Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
None
Flooring
Tile, Laminate, Carpeted

Exterior & Lot

Exterior features
Stucco

Building

Roof
Other, Unknown

Parking

Total spaces
2 — covered indicated
Features
Attached Garage, Additional Parking

Room Dimensions

RoomLevelDimensions
2pc BathroomSecond level
4pc Ensuite bathSecond level9'0'' x 8'0''
Primary BedroomSecond level12'0'' x 14'0''
KitchenSecond level8'0'' x 14'0''
Dining roomSecond level10'0'' x 12'0''
Living roomSecond level13'0'' x 13'0''
OtherMain level19' x 21'
3pc Ensuite bathMain level5'0'' x 9'0''
BedroomMain level12'0'' x 14'0''
3pc Ensuite bathBasement5'0'' x 9'0''
BedroomBasement12'0'' x 14'0''

Listing Information

MLS®
10391922
Listed
June 22, 2026
Time on market
On the market for 70 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Horizon Realty · Data source: CREA DDF.

Description

NEW PRICE – BELOW ASSESSED VALUE! MOVE-IN READY. Welcome to Academy Ridge, a unique development beside UBCO designed with flexibility in mind. Whether you're a first-time buyer, parent of a student, or investor, this property offers an exceptional live-and-earn opportunity. Each unit features a self-contained one-bedroom living space plus two additional private-entrance boarding rooms, making it ideal for student rentals and strong income potential. First-time buyers also benefit from GST and Property Transfer Tax rebates, making these some of the best-priced new construction townhomes in the Okanagan. The location is hard to beat walk to UBCO, just 5 minutes drive to Kelowna International Airport, close to shopping and everyday amenities, and only minutes from the Rail Trail, connecting you to downtown Kelowna and the North Okanagan. Inside, you’ll find modern finishes throughout including stainless steel appliances, full-size laundry, central A/C, forced-air gas heating, and all window coverings included. A side-by-side two-car garage adds everyday convenience. Strata allows 30-day minimum rentals, 2 small dogs or cats or 1 large dog, and the home is protected by a 2-5-10 New Home Warranty. With low strata fees and built-in rental potential, this is an incredible opportunity to live, invest, or support your student while they attend UBCO. Please note: Photos are from a similar unit with the OMEGA White colour scheme, unit for sale is SIGMA light colour scheme. Price + GST (id:63159)

Values & Trends

This listing

$376/sqft

Building average

No other active listings in this building

University District average

$406/sqft

16 active listing(s)

Parking: 2 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Clear

12°C

Clear

Humidity 88%

Wind ENE 5 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

144,576

(2021 Census)

+13.5% since 2016

Density: 682.4/km²

Dwellings: 67,115

Median household income: $82,000

After-tax: $73,500

Immigrant population: 15.3%

Top countries of origin (% of total population)

  • United Kingdom2.1% · 3,055
  • India1.6% · 2,335
  • Philippines1.1% · 1,620
  • Germany1.1% · 1,540
  • United States of America1% · 1,375
  • China0.7% · 960
  • Poland0.4% · 585
  • South Africa, Republic of0.4% · 525

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Aberdeen Hall Preparatory School(Independent)K-12771 m
Dr Knox Middle SchoolMiddle2.5 km
North Glenmore ElementaryElementary2.6 km
Pearson Road ElementaryElementary3.3 km
Ellison ElementaryElementary3.5 km
Rutland Middle SchoolMiddle3.5 km
Rutland Senior SecondaryElementary3.7 km
Rutland ElementaryElementary3.8 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Parks (1)

  • Shetland Park673 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,920.00
Periodic payment — Principal & Interest (monthly)$3,612.41
Additional monthly expenses (strata, tax, utilities, etc.)$730.33
Total monthly cost$4,342.75
Interest paid over 5-yr term$160,474.68
Balance at end of term$503,649.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,036.03

Cash Needed at Closing

Minimum down payment$44,990
Estimated BC PTT$11,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,488

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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