985 Academy Way Unit# 108
Kelowna, BC V1V3A4
$549,900
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
- $2,528
Interior
- Heating
- Forced air, Electric
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Parkade
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 10'5'' x 8'8'' |
| Full ensuite bathroom | Main level | — |
| Kitchen | Main level | 9'3'' x 10'1'' |
| Full bathroom | Main level | — |
| Bedroom | Main level | 10'10'' x 8'6'' |
| Primary Bedroom | Main level | 13'2'' x 9'3'' |
| Living room | Main level | 14'1'' x 13'5'' |
Listing Information
- MLS®
- 10387062
- Listed
- May 15, 2026
- Time on market
- On the market for 108 days
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Okanagan · Data source: CREA DDF.
Description
Investor Alert – Prime Location Near UBCO! This well-maintained and clean 3-bedroom, 2-bathroom condo offers 886 sq. ft. of smart, functional living space, ideal for students, parents, or investors. Located in Academy Hill, the closest residential development to UBC Okanagan, this first-floor unit provides unbeatable convenience just a 5-minute walk to campus, ensuring strong long-term rental demand and desirability. The bright open-concept layout, a spacious primary bedroom with a private ensuite, and a large private patio perfect for relaxing or studying outdoors. Occupied by a great tenant, this unit can also be offered fully furnished for added convenience. Additional features include: secure underground parking stall, Dedicated storage locker, Spacious and functional floor plan, a strong rental and investment potential. This property presents an exceptional opportunity in one of Kelowna’s most sought-after university locations. (id:63159)
Values & Trends
This listing
$621/sqft
Building average
—
No other active listings in this building
University District average
$513/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
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
30
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
| School | Type | Distance |
|---|---|---|
| Aberdeen Hall Preparatory School(Independent) | K-12 | 259 m |
| North Glenmore Elementary | Elementary | 2.8 km |
| Dr Knox Middle School | Middle | 2.9 km |
| Ellison Elementary | Elementary | 3.2 km |
| Pearson Road Elementary | Elementary | 4.1 km |
| Rutland Middle School | Middle | 4.3 km |
| Rutland Senior Secondary | Elementary | 4.4 km |
| Rutland Elementary | Elementary | 4.4 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+)
- Sunshine425 m
- Rocket464 m
- Fusion Express637 m
- Koi Sushi646 m
- Picnic668 m
Cafes (4)
- Tim Hortons · 3287 University Way525 m
- Starbucks571 m
- Comma582 m
- J's Cafe and Bistro655 m
Parks (1)
- Central Courtyard470 m
Gyms (1)
- Hangar Fitness and Wellness Centre334 m
Banks & ATMs (1)
- RBC633 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.5% ($29,990) — 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.