Property Type: Condo / ApartmentOwnership: Strata

695 Academy Way Unit# 207

Kelowna, BC V1V0C7

$545,000

3 bed3 bath1 parking949 sqftBuilt 2019
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Amenities

Also listed: Party Room

Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$411/mo
Annual property tax
$2,772.83

Interior

Heating
Forced air, Electric
Cooling / A/C
Heat Pump
Fireplace
None

Exterior & Lot

Exterior features
Other

Parking

Total spaces
1 — uncovered indicated
Features
Other, Street, Additional Parking

Room Dimensions

RoomLevelDimensions
BedroomMain level9' x 10'
BedroomMain level10'6'' x 11'9''
Dining roomMain level8' x 10'
3pc Ensuite bathMain level6' x 9'
3pc Ensuite bathMain level6' x 9'
4pc BathroomMain level5' x 8'
Primary BedroomMain level9'4'' x 10'9''
Living roomMain level10' x 10'
KitchenMain level12' x 12'

Listing Information

MLS®
10385025
Listed
April 29, 2026
Time on market
On the market for 124 days
Data last synced
August 28, 2026

Listing provided by: REMAX Kelowna · Data source: CREA DDF.

Description

Welcome to U 6 in the University District at UBCO...3-bedroom/3-bathroom bright corner suite. All bedrooms have windows! There are two bedrooms with their own 3pcs ensuites and the third bedroom is directly across the hall from its own bathroom. 1 underground parking spot and visitor parking pass. This condo residence at U SIX is only a short walk to UBCO campus, fitness centre, and nearby restaurants, shopping, amenities, trails and transit right out the door. Designed for student living with a modern kitchen, open floor plan, and in-suite laundry make it perfect place to live while studying and also make it a fantastic rental property. Rents in the area are among the highest in the City! This oversized residence is nearest to Academy Way and benefits from a spacious patio with direct access to the sidewalk. (id:63159)

Values & Trends

This listing

$574/sqft

Building average

$512/sqft

1 active listing(s)

University District average

$514/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

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.

Nearby Schools

SchoolTypeDistance
Aberdeen Hall Preparatory School(Independent)K-12567 m
Dr Knox Middle SchoolMiddle2.6 km
North Glenmore ElementaryElementary2.7 km
Ellison ElementaryElementary3.4 km
Pearson Road ElementaryElementary3.5 km
Rutland Middle SchoolMiddle3.7 km
Rutland Senior SecondaryElementary3.9 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)

Other Listings in This Building

Other units currently listed in the same building. 695 Academy Way

View building profile →
Built 2019

Mortgage & Ownership Cost Calculator

Minimum required: 5.4% ($29,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$436,000.00
Periodic payment — Principal & Interest (monthly)$2,812.92
Additional monthly expenses (strata, tax, utilities, etc.)$689.36
Total monthly cost$3,502.28
Interest paid over 5-yr term$124,958.85
Balance at end of term$392,183.41

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$29,500
Stress test qualifying rate8.09%
Payment you must qualify for$3,964.01

Cash Needed at Closing

Minimum down payment$29,500
Estimated BC PTT$8,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$39,900

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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