625 Academy Way Unit# PH11
Kelowna, BC V1V0E3
$498,000
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 4
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $363/mo
- Annual property tax
- $3,065.34
Maintenance Fee Includes
Also included: Ground Maintenance, Other, See Remarks, Reserve Fund Contributions
Interior
- Heating
- Heat Pump, Forced air, Electric
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
- Flooring
- Vinyl
Building
- Roof
- Other, Unknown
Parking
- Total spaces
- 2 — covered indicated
- Features
- Underground, Parkade, Heated Garage
Restrictions & Policies
- Pets
- Not allowed
- Rentals
- Allowed
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | 5' x 8' |
| Bedroom | Main level | 9'0'' x 10'0'' |
| 3pc Ensuite bath | Main level | 4'10'' x 7'5'' |
| Bedroom | Main level | 9'9'' x 9'9'' |
| 3pc Ensuite bath | Main level | 5'0'' x 8'10'' |
| Primary Bedroom | Main level | 7'0'' x 9'9'' |
| Living room | Main level | 11'0'' x 10'0'' |
| Kitchen | Main level | 11'0'' x 14'9'' |
Listing Information
- MLS®
- 10391434
- Listed
- June 18, 2026
- Time on market
- On the market for 74 days
- Data last synced
- August 28, 2026
Listing provided by: Canada Flex Realty Group Ltd. · Data source: CREA DDF.
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. (id:63159)
Values & Trends
This listing
$535/sqft
Building average
$826/sqft
3 active listing(s)
University District average
$515/sqft
40 active listing(s)
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
15°C
Clear
Humidity 76%
Wind NNW 4 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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Aberdeen Hall Preparatory School(Independent) | K-12 | 667 m |
| Dr Knox Middle School | Middle | 2.6 km |
| North Glenmore Elementary | Elementary | 2.7 km |
| Pearson Road Elementary | Elementary | 3.4 km |
| Ellison Elementary | Elementary | 3.4 km |
| Rutland Middle School | Middle | 3.6 km |
| Rutland Senior Secondary | Elementary | 3.8 km |
| Rutland Elementary | Elementary | 3.8 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.
School district: Central Okanagan (SD23)
Other Listings in This Building
Other units currently listed in the same building. 625 Academy Way
$574,900
625 Academy Way Unit# PH25, Kelowna
$372/mo maintenance
$299,900
625 Academy Way Unit# 203, Kelowna
$121/mo maintenance
$290,000
625 Academy Way Unit# 103, Kelowna
$121/mo maintenance
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.