695 Academy Way Unit# 122
Kelowna, BC V1V0C7
$474,999
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $393/mo
- Annual property tax
- $2,611.77
Maintenance Fee Includes
Also included: Ground Maintenance, Sewer
Interior
- Heating
- Forced air, Electric
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
Parking
- Total spaces
- 2 — uncovered indicated
- Features
- Underground
Restrictions & Policies
- Pets
- Not 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 |
|---|---|---|
| Bedroom | Second level | 9'11'' x 9'10'' |
| 3pc Ensuite bath | Second level | 7'8'' x 5'4'' |
| 3pc Ensuite bath | Second level | 7'8'' x 5'4'' |
| Bedroom | Second level | 9'5'' x 9'11'' |
| Living room | Second level | 11'3'' x 16'6'' |
| Primary Bedroom | Second level | 9'6'' x 12'8'' |
| 4pc Bathroom | Second level | 6'6'' x 7'10'' |
| Kitchen | Second level | 9'10'' x 9'5'' |
Listing Information
- MLS®
- 10376261
- Listed
- March 2, 2026
- Time on market
- On the market for 182 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Vernon · Data source: CREA DDF.
Description
Welcome to U6 in the highly desirable University District at UBCO — a spacious and well-appointed 3-bedroom, 3-bathroom residence designed with student living and investment potential in mind. Two bedrooms feature their own private 3-piece ensuite, while the third bedroom is positioned across from a full bathroom, creating an ideal and functional layout for tenants. This property has consistently been rented and benefits from strong demand in the UBCO area, where rental rates remain among the highest in the city. Its proximity to campus makes it a reliable and attractive option for students year after year. The modern kitchen opens into a bright living and dining area, offering a practical open-concept design. In-suite laundry and a bonus! Two parking stalls! Located just steps to UBCO, the fitness centre, restaurants, shopping, trails, and transit, this is a turnkey investment opportunity in a prime rental location — a smart addition to any real estate portfolio. (id:63159)
Values & Trends
This listing
$512/sqft
Building average
$574/sqft
1 active listing(s)
University District average
$516/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 | 584 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)
Other Listings in This Building
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($23,750) — 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.