Property Type: Condo / ApartmentOwnership: Strata

883 Academy Way Unit# PH12

Kelowna, BC V1V0A3

$499,000

2 bed2 bath1 parking831 sqftBuilt 2016
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Amenities

Also listed: Recreation Centre

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

Maintenance Fee Includes

WaterManagementHeat

Also included: Insurance, Other, See Remarks, Recreation Facilities

Interior

Heating
Electric
Cooling / A/C
See Remarks
Fireplace
None
Flooring
Ceramic Tile, Mixed Flooring

Exterior & Lot

Exterior features
Other

Building

Roof
Other, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed, Allowed with restrictions
Rentals
Allowed

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

Room Dimensions

RoomLevelDimensions
4pc BathroomMain level6' x 7'
4pc Ensuite bathMain level6' x 7'
BedroomMain level9'1'' x 10'5''
Primary BedroomMain level9'5'' x 15'11''
KitchenMain level9'1'' x 10'11''
Dining roomMain level6'6'' x 7'9''
Living roomMain level9'10'' x 13'3''

Listing Information

MLS®
10381394
Listed
March 31, 2026
Time on market
On the market for 153 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.

Description

Rear available air-conditioned 2-bedrooms, 2-bathrooms view penthouse unit comes with well-thought-out open-concept design that seamlessly connects the living, dining, and kitchen spaces. The kitchen has modern cabinets, beautiful stainless steel appliances, and lots of surface space. The whole unit is filled with lovely natural light. With a luxurious en-suite bathroom, you may unwind in the luxury of your master suite. In order to maximize every square foot for your lifestyle, the second bedroom offers flexibility for visitors, a home office, or more living space. The UBCO Campus is just a short stroll away. Act quick!!! (id:63159)

Values & Trends

This listing

$600/sqft

Building average

$623/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.

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-12267 m
North Glenmore ElementaryElementary2.8 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 ElementaryElementary4.3 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)

  • Sunshine638 m
  • Rocket663 m

Cafes (3)

  • Tim Hortons · 3287 University Way740 m
  • Starbucks790 m
  • Comma798 m

Parks (1)

  • Central Courtyard687 m

Gyms (1)

  • Hangar Fitness and Wellness Centre553 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Other Listings in This Building

Other units currently listed in the same building. 883 Academy Way

View building profile →
Built 2016

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (strata, tax, utilities, etc.)$686.46
Total monthly cost$3,261.96
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,950
Stress test qualifying rate8.09%
Payment you must qualify for$3,645.28

Cash Needed at Closing

Minimum down payment$24,950
Estimated BC PTT$7,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,430

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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