Property Type: Condo / ApartmentOwnership: Strata

883 Academy Way Unit# 108

Kelowna, BC V1V0A2

$525,000

3 bed3 bath2 parking924 sqftBuilt 2016
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$491/mo
Annual property tax
$2,693

Interior

Heating
Baseboard heaters
Cooling / A/C
Window air conditioner
Fireplace
None

Parking

Total spaces
2 — covered indicated
Features
Attached Garage, Additional Parking

Restrictions & Policies

Pets
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
4pc BathroomMain level
BedroomMain level10'11'' x 10'0''
3pc Ensuite bathMain level
BedroomMain level10'0'' x 9'9''
3pc Ensuite bathMain level
Primary BedroomMain level9'6'' x 10'4''
Living roomMain level11'10'' x 13'0''
KitchenMain level14'6'' x 12'6''

Listing Information

MLS®
10375966
Listed
February 13, 2026
Time on market
On the market for 199 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Orchard Country · Data source: CREA DDF.

Description

Heathly contigrency fund, well managed/maintained building and strata. Maximize rental income w the coveted C1 layout 3 bed, 3 bath FULLY furnished ground-floor unit in the perfectly situated UTWO building at UBCO. This unit boasts a SECOND assigned parking spot outside (Parking spots 65 inside and 220 outside.) PLUS short walk to campus! VACANT and ready for your future graduates this unit is BRIGHT, CLEAN, fully stocked with dishes, appliances, linens, furnishings, decor AND cleaning tools. Enjoy the large covered patio with table and chairs ready for your own personal touch! New stainless steel fridge purchased Oct 2024. Spotless appliances including in-suite laundry. Each bedroom has its own keyed lock for privacy and rental flexibility. UBCO has extensive program growth plans which will only increase the DEMAND and VALUE for housing closer to campus. UBCO is close to the Kelowna airport and is perfectly located for summer recreation at Okanagan, Wood, or Kalamalka lakes, or head to Big White for winter skiing. Don't wait! This unit is easy to show and beautifully kept! (id:63159)

Values & Trends

This listing

$568/sqft

Building average

No other active listings in this building

University District average

$515/sqft

40 active listing(s)

Parking: 2 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.

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

SchoolTypeDistance
Aberdeen Hall Preparatory School(Independent)K-12239 m
North Glenmore ElementaryElementary2.7 km
Dr Knox Middle SchoolMiddle2.8 km
Ellison ElementaryElementary3.3 km
Pearson Road ElementaryElementary3.9 km
Rutland Middle SchoolMiddle4.1 km
Rutland Senior SecondaryElementary4.3 km
Rutland ElementaryElementary4.3 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)

  • Sunshine624 m
  • Rocket653 m

Cafes (3)

  • Tim Hortons · 3287 University Way725 m
  • Starbucks772 m
  • Comma782 m

Parks (1)

  • Central Courtyard671 m

Gyms (1)

  • Hangar Fitness and Wellness Centre535 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.2% ($27,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$420,000.00
Periodic payment — Principal & Interest (monthly)$2,709.70
Additional monthly expenses (strata, tax, utilities, etc.)$761.70
Total monthly cost$3,471.39
Interest paid over 5-yr term$120,373.21
Balance at end of term$377,791.36

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$27,500
Stress test qualifying rate8.09%
Payment you must qualify for$3,825.60

Cash Needed at Closing

Minimum down payment$27,500
Estimated BC PTT$8,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$37,500

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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