Property Type: Condo / ApartmentOwnership: Strata

883 Academy Way Unit# 312

Kelowna, BC V5K3K4

$475,000

2 bed2 bath1 parking832 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
$434/mo
Annual property tax
$2,523.74

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
Wall unit
Fireplace
None

Exterior & Lot

Exterior features
Stucco

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Parkade

Restrictions & Policies

Pets
Restrictions apply, 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
BedroomMain level12'5'' x 8'11''
Living roomMain level13'3'' x 9'10''
Dining roomMain level7'9'' x 6'6''
KitchenMain level10'11'' x 9'1''
OtherMain level13'3'' x 6'0''
Primary BedroomMain level9'5'' x 15'11''
4pc Ensuite bathMain level9'5'' x 4'11''
3pc BathroomMain level8'8'' x 4'11''

Listing Information

MLS®
10379170
Listed
March 17, 2026
Time on market
On the market for 167 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

Modern living at the U-Two Building in the heart of University District! This incredible 2-bedroom, 2-bathroom corner residence embodies the perfect blend of style, convenience, and comfort. Step inside to discover a thoughtfully designed open-concept layout, creating a seamless flow between the living, dining, and kitchen areas. The kitchen boasts sleek stainless steel appliances, contemporary cabinetry, and ample counter space Wake up to beautiful natural light flooding the entire home. Relax in the comfort of your master suite, featuring a well-appointed ensuite bathroom. The second bedroom provides versatility for guests, a home office, or additional living space, ensuring every square foot is maximized for your lifestyle. Enjoy the convenience of long-term rentals being allowed, offering flexibility for investors looking for an excellent opportunity. The UBCO Campus is just a short stroll away, making it a breeze for students or faculty to commute effortlessly. Take advantage of the nearby amenities, including shopping, dining, and recreational options. (id:63159)

Values & Trends

This listing

$571/sqft

Building average

No other active listings in this building

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

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

SchoolTypeDistance
Aberdeen Hall Preparatory School(Independent)K-12259 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 SecondaryElementary4.2 km
Rutland ElementaryElementary4.2 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)

  • Sunshine666 m
  • Rocket694 m

Cafes (1)

  • Tim Hortons · 3287 University Way767 m

Parks (1)

  • Central Courtyard714 m

Gyms (1)

  • Hangar Fitness and Wellness Centre579 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

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

Net mortgage (loan + CMHC insurance)$380,000.00
Periodic payment — Principal & Interest (monthly)$2,451.63
Additional monthly expenses (strata, tax, utilities, etc.)$686.46
Total monthly cost$3,138.09
Interest paid over 5-yr term$108,909.09
Balance at end of term$341,811.23

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,750
Stress test qualifying rate8.09%
Payment you must qualify for$3,469.95

Cash Needed at Closing

Minimum down payment$23,750
Estimated BC PTT$7,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,750

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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