Property Type: Condo / ApartmentOwnership: Strata

985 Academy Way Unit# 104

Kelowna, BC V1V3C8

$479,000

3 bed2 bath1 parking886 sqftBuilt 2012
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$374/mo
Annual property tax
$2,376.59

Interior

Heating
Forced air, Electric
Cooling / A/C
Central air conditioning
Fireplace
None
Flooring
Laminate

Exterior & Lot

Exterior features
Brick, Stucco
View
Mountain view, Valley view, View (panoramic)

Building

Roof
Other, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Parkade

Room Dimensions

RoomLevelDimensions
4pc BathroomMain level9'0'' x 5'10''
BedroomMain level10'5'' x 8'8''
BedroomMain level10'10'' x 8'6''
4pc Ensuite bathMain level7'9'' x 4'9''
Primary BedroomMain level13'2'' x 9'3''
KitchenMain level9'3'' x 10'1''
Living roomMain level14'1'' x 13'5''

Listing Information

MLS®
10396551
Listed
August 4, 2026
Time on market
On the market for 27 days
Data last synced
August 28, 2026

Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.

Description

This clean and well-maintained 3-bedroom, 2-bathroom condo offers 886 square feet of smart, functional living space—perfect for students, parents, or investors. The closest development Located just a short 5 minute walk to UBC Okanagan, this unit features updated countertops, a bright open layout, and a spacious primary bedroom with its own 4-piece ensuite. The private patio opens onto a peaceful park-like setting, ideal for relaxing or studying outdoors. Vacant and move-in ready for the upcoming school year. This unit comes with 1 underground parking stall, and a designated storage locker. Academy Hill is the closest complex to the campus providing maximum convenience and ensuring long term desirability. This unit can come fully furnished as well in time for the new school year. Great value here in an unbeatable location! (id:63159)

Values & Trends

This listing

$541/sqft

Building average

$509/sqft

2 active listing(s)

University District average

$515/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

33

5/9 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-12226 m
North Glenmore ElementaryElementary2.8 km
Dr Knox Middle SchoolMiddle2.9 km
Ellison ElementaryElementary3.3 km
Pearson Road ElementaryElementary4.2 km
Rutland Middle SchoolMiddle4.4 km
Watson Road ElementaryElementary4.5 km
Rutland Senior SecondaryElementary4.5 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 (5+)

  • Sunshine405 m
  • Rocket463 m
  • Fusion Express603 m
  • Koi Sushi607 m
  • Picnic627 m

Cafes (4)

  • Tim Hortons · 3287 University Way499 m
  • Starbucks529 m
  • Comma553 m
  • J's Cafe and Bistro617 m

Parks (2)

  • Central Courtyard442 m
  • The Commons Field762 m

Gyms (1)

  • Hangar Fitness and Wellness Centre299 m

Banks & ATMs (1)

  • RBC596 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$383,200.00
Periodic payment — Principal & Interest (monthly)$2,472.28
Additional monthly expenses (strata, tax, utilities, etc.)$616.26
Total monthly cost$3,088.54
Interest paid over 5-yr term$109,826.22
Balance at end of term$344,689.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,950
Stress test qualifying rate8.09%
Payment you must qualify for$3,499.18

Cash Needed at Closing

Minimum down payment$23,950
Estimated BC PTT$7,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,030

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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