881 Academy Way Unit# 312
Kelowna, BC V1V0A2
$425,000
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $434/mo
- Annual property tax
- $2,547.49
Maintenance Fee Includes
Also included: Ground Maintenance, Insurance, Other, See Remarks, Reserve Fund Contributions, Sewer
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- Wall unit
- Fireplace
- None
- Flooring
- Laminate, Carpeted
Building
- Roof
- Other, Unknown
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Parkade
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Main level | 8'4'' x 5'1'' |
| Bedroom | Main level | 12'4'' x 9'0'' |
| 3pc Ensuite bath | Main level | 9'2'' x 4'11'' |
| Primary Bedroom | Main level | 9'2'' x 15'1'' |
| Living room | Main level | 13'5'' x 23'4'' |
| Kitchen | Main level | 11'0'' x 9'2'' |
Listing Information
- MLS®
- 10397811
- Listed
- August 14, 2026
- Time on market
- On the market for 17 days
- Data last synced
- August 28, 2026
Listing provided by: Vantage West Realty Inc. · Data source: CREA DDF.
Description
Secure a property today that could pay you back for years to come. This fully furnished 2 bedroom, 2 bathroom corner unit with split floorplan just steps from UBCO offers the kind of investment opportunity that’s becoming increasingly difficult to find—strong rental demand, exceptional location, and cash-flow-positive potential with reliable above-market rental income. Whether you’re growing your portfolio or securing future housing for a child attending university, this property offers immediate income potential while fully covering itself in the meantime. Built in 2016, this bright and functional 822 sq ft condo sits in one of the closest residential buildings to UBCO, making it highly desirable for students who value convenience and quick access to campus. In a market where vacancy can be a concern, this location continues to stand out with consistent rental demand year after year. The layout offers privacy with two bedrooms and two full bathrooms, ideal for roommates and maximizing rental appeal. As a corner unit, the space is filled with natural light, creating a bright, comfortable atmosphere throughout and a patio to enjoy the views. Being sold fully furnished means it’s ready to generate income immediately with minimal effort for the next owner. Beyond the university, residents enjoy quick access to the airport, shopping, golf courses, restaurants, and walking trails, adding even more long-term appeal for tenants and future resale value. (id:63159)
Values & Trends
This listing
$517/sqft
Building average
—
No other active listings in this building
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
15
4/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Aberdeen Hall Preparatory School(Independent) | K-12 | 202 m |
| North Glenmore Elementary | Elementary | 2.7 km |
| Dr Knox Middle School | Middle | 2.8 km |
| Ellison Elementary | Elementary | 3.4 km |
| Pearson Road Elementary | Elementary | 3.9 km |
| Rutland Middle School | Middle | 4.1 km |
| Watson Road Elementary | Elementary | 4.3 km |
| Rutland Senior Secondary | Elementary | 4.3 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.
Nearby Places
Restaurants (2)
- Sunshine654 m
- Rocket690 m
Cafes (2)
- Tim Hortons · 3287 University Way753 m
- Starbucks794 m
Parks (1)
- Central Courtyard698 m
Gyms (1)
- Hangar Fitness and Wellness Centre559 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($21,250) — 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.