655 Academy Way Unit# 111
Kelowna, BC V1V0C8
$389,900
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $317/mo
- Annual property tax
- $2,180.34
Interior
- Heating
- Forced air
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Stall
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Ensuite bath | Main level | 7'3'' x 4'11'' |
| Primary Bedroom | Main level | 9'8'' x 12'3'' |
| Living room | Main level | 12'7'' x 13'2'' |
| Bedroom | Main level | 9'8'' x 10'4'' |
| 3pc Bathroom | Main level | 8'3'' x 4'11'' |
| Kitchen | Main level | 12'7'' x 10'3'' |
Listing Information
- MLS®
- 10390934
- Listed
- June 22, 2026
- Time on market
- On the market for 70 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.
Description
Situated in the heart of Kelowna’s university district. This exceptionally well-maintained, bright 2-bedroom, 2-bathroom condo is the ultimate move-in-ready opportunity for first-time buyers, students, or savvy investors looking to capitalize on a high-demand location. Thoughtfully fully furnished and accessorized, this unit two bedroom two bathroom unit allows you to simply unpack and settle in with ease. The efficient, open-concept split floor plan layout creates a seamless flow, ideal for comfortable daily living. Perfectly positioned within walking distance to every convenience at the university, you are close to grocery shopping, local restaurants, parks, and transit routes. UBCO is easily accessible, making this a prime choice for students and faculty seeking a cozy, stress-free retreat. Enjoy quick access to the airport, nearby golf courses, and renowned Okanagan wineries, keeping you at the center of the Kelowna lifestyle. Whether you are looking for a low-maintenance home or a turnkey rental investment, this property delivers unbeatable value, quality, and location. Don’t miss your chance to secure this outstanding asset in one of Kelowna's most convenient communities. Book your viewing today! Tenants will be vacating at the end of August, and quick possession is available. (id:63159)
Values & Trends
This listing
$554/sqft
Building average
$559/sqft
1 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 | 591 m |
| Dr Knox Middle School | Middle | 2.7 km |
| North Glenmore Elementary | Elementary | 2.7 km |
| Ellison Elementary | Elementary | 3.4 km |
| Pearson Road Elementary | Elementary | 3.5 km |
| Rutland Middle School | Middle | 3.7 km |
| Rutland Senior Secondary | Elementary | 3.9 km |
| Rutland Elementary | Elementary | 3.9 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($19,495) — 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.