Property Type: Condo / ApartmentOwnership: Strata

655 Academy Way Unit# 212

Kelowna, BC V1V3A4

$379,900

2 bed2 bath1 parking710 sqftBuilt 2018
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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
$2,205.33

Interior

Heating
Electric
Cooling / A/C
Central air conditioning
Fireplace
None

Exterior & Lot

Exterior features
Stone, Stucco, Other

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Parkade

Room Dimensions

RoomLevelDimensions
4pc Ensuite bathMain level4'11'' x 7'3''
BedroomMain level10'2'' x 9'10''
3pc BathroomMain level4'10'' x 8'3''
Primary BedroomMain level12'3'' x 9'10''
Living roomMain level10'5'' x 12'8''
KitchenMain level10'9'' x 12'9''

Listing Information

MLS®
10395318
Listed
July 24, 2026
Time on market
On the market for 38 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.

Description

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. (id:63159)

Values & Trends

This listing

$535/sqft

Building average

No other active listings in this building

University District average

$515/sqft

40 active listing(s)

Parking: 1 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

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

SchoolTypeDistance
Aberdeen Hall Preparatory School(Independent)K-12626 m
Dr Knox Middle SchoolMiddle2.6 km
North Glenmore ElementaryElementary2.7 km
Ellison ElementaryElementary3.4 km
Pearson Road ElementaryElementary3.4 km
Rutland Middle SchoolMiddle3.7 km
Rutland Senior SecondaryElementary3.8 km
Rutland ElementaryElementary3.9 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($18,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$303,920.00
Periodic payment — Principal & Interest (monthly)$1,960.79
Additional monthly expenses (strata, tax, utilities, etc.)$536.57
Total monthly cost$2,497.36
Interest paid over 5-yr term$87,104.35
Balance at end of term$273,377.02

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$18,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,775.23

Cash Needed at Closing

Minimum down payment$18,995
Estimated BC PTT$5,598
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,093

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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