725 Academy Way Unit# 128
Kelowna, BC V1V0B4
$489,999
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $359/mo
- Annual property tax
- $2,723.88
Interior
- Heating
- Electric
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
- Flooring
- Tile, Vinyl
Exterior & Lot
- Exterior features
- Other
- View
- Mountain view, Valley view
- Lot features
- One Balcony
Building
- Roof
- Other, Unknown
- Water source
- Municipal water
- Sewer
- Municipal sewage system
- Parcel ID (PID)
- 030-535-301
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Stall
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Main level | 8'3'' x 11'3'' |
| Living room | Main level | 8'3'' x 11'3'' |
| 3pc Bathroom | Main level | 6'4'' x 7'11'' |
| 3pc Ensuite bath | Main level | 7'11'' x 5'4'' |
| 3pc Ensuite bath | Main level | 7'11'' x 5'4'' |
| Kitchen | Main level | 13'9'' x 9'5'' |
| Primary Bedroom | Main level | 10'0'' x 9'10'' |
| Primary Bedroom | Main level | 10'0'' x 9'6'' |
| Bedroom | Main level | 10'4'' x 9'5'' |
Listing Information
- MLS®
- 10376880
- Listed
- March 3, 2026
- Time on market
- On the market for 181 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Kelowna · Data source: CREA DDF.
Description
University Investment ! This fantastic furnished unit has plenty of privacy with 3 bedrooms and 3 bathrooms (two with ensuites), and an open concept living space for hanging out with roommates and friends. This former show suite is conveniently located within the building, and is walking distance to the University, eliminating the need to have a car. Unit also comes with 3 beds with frames, 3 desks and chairs, as well as living room furniture, tv, table and chairs ! New tenants moving in September 1 2026 with 1 year lease. (id:63159)
Values & Trends
This listing
$531/sqft
Building average
$541/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 | 542 m |
| Dr Knox Middle School | Middle | 2.7 km |
| North Glenmore Elementary | Elementary | 2.7 km |
| Ellison Elementary | Elementary | 3.3 km |
| Pearson Road Elementary | Elementary | 3.5 km |
| Rutland Middle School | Middle | 3.8 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% ($24,500) — 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.