About this home
Three bedrooms, three bathrooms, and a location that keeps renters coming. This 870 square foot condo at U ONE on Academy Way is less than a 10 minute walk from UBCO, in a rental pocket that keeps proving its strength.Even as Kelowna has added plenty of new rental apartment inventory in recent years, the University District has held onto high rents and low vacancy. That's the kind of demand investors like to see. The layout works beautifully for shared living: two bedrooms have private 3-pcs ensuites, and the third has a full 3-pcs path just across the hall. Add in-suite laundry, luxury vinyl plank flooring and a north-facing patio, plus one underground parking stall. Built in 2015, the building is well maintained, with a composite board exterior and brick accents. The suite shows some wear, which gives a new owner the chance to freshen it up over time and add value. Currently tenanted on a fixed term through the school year, it's an income-producing hold from day one. Investors, this is a straightforward addition to a portfolio. Parents, this is a chance to secure a home for your student for next year, without the scramble. Typically near zero vacancy in the area, a solid cap rate and potential for strong cash-on-cash yield. Typically near zero vacancy in the area, a solid cap rate and potential for strong cash-on-cash yield. Google search University District Kelowna to learn more about this fantastic location to invest.
Highlights & things to check
Highlights
- Three bedrooms and three bathrooms in 870 sq ft, with in-suite laundry and one underground parking stall.
- Built in 2015, with a balcony and mountain and valley views, per the listing.
- Town centre Kelowna is 660 m away, Aberdeen Hall Preparatory School is 170 m, and Okanagan Lake is 4.8 km.
- Strata fee is $391 monthly and annual taxes are $2,871.
Things to check
- Ask for the current tenancy agreement, including the fixed-term end date and rent, since the listing says the suite is tenanted through the school year.
- Ask what the $391 monthly strata fee includes and check the bylaws on rentals. The middle strata fee for condo listings in Kelowna right now is about $428 a month.
- Ask about the roof, which the listing only describes as "Other."
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Living at 935 Academy Way Unit# 105
Neighbourhood scores
7.5 / 10Walk & bike score: 5.9 / 10, from how close the nearest school, park or trail, rec centre and town centre are.
Family Home Match
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Scores and distances are Sean Phillips’s own measure of straight-line distance from this home to public B.C. map data (schools, parks and trails, lakes, town centres, rec centres, hospitals). They are not part of the MLS® listing; please check anything that matters to you.
Distances from the front door
Straight-line distances. Driving distances are longer.
Room sizes
Main level · 8 rooms
- Living room12'2'' x 11'0''
- Kitchen9'3'' x 14'2''
- 3pc Bathroom5'10'' x 5'10''
- 3pc Ensuite bath5'4'' x 5'0''
- 3pc Ensuite bath5'4'' x 5'0''
- Bedroom9'3'' x 9'6''
- Primary Bedroom9'6'' x 9'3''
- Primary Bedroom9'6'' x 8'10''
Property details
- Price
- $474,900
- MLS® number
- 10402872
- Property type
- Condo / apartment · Apartment · Single Family
- Ownership
- Condo/Strata
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 870 sq ft
- Year built
- 2015
- Storeys
- 1
- Parking spaces
- 1
- Annual taxes
- $2,871
- Strata / HOA fee
- $391 monthly
- Community
- University District, Kelowna
Features
- Heating
- Forced air, Electric
- Cooling
- Central air conditioning
- Parking
- Underground, Parkade
- View
- Mountain view, Valley view, View (panoramic)
- Flooring
- Vinyl
- Roof
- Other, Unknown
- Exterior
- Brick, Other
- Lot
- One Balcony
- Water
- Municipal water
- Sewer
- Municipal sewage system
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Listing information is provided by REMAX Kelowna through the REALTOR.ca DDF®. It is deemed reliable but not guaranteed accurate and should be independently verified. Last updated 2026-10-15.