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625 Academy Way Unit# PH11, Kelowna, British Columbia, V1V 0E3

MLS® # 10342206
Property For Sale In Highway 97, Kelowna, British Columbia
$553,000 QuickQuoteTM: $504K - $637K

3 Beds

3 Baths

625 Academy Way Unit# Ph11, Kelowna, BC - Outdoor With Facade
625 Academy Way Unit# Ph11, Kelowna, BC - Outdoor With Facade
625 Academy Way Unit# Ph11, Kelowna, BC - Indoor Photo Showing Kitchen With Double Sink
625 Academy Way Unit# Ph11, Kelowna, BC - Indoor Photo Showing Kitchen With Double Sink
625 Academy Way Unit# Ph11, Kelowna, BC - Indoor Photo Showing Kitchen
625 Academy Way Unit# Ph11, Kelowna, BC - Indoor Photo Showing Kitchen With Upgraded Kitchen

Home Insurance - TD Insurance

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625 Academy Way Unit# PH11, Kelowna, British Columbia, V1V 0E3
$553,000

3 Beds

3 Baths

Property Information:

Prime Investment Opportunity! This fully furnished 3-bedroom penthouse unit in the highly sought-after U8 building is a turnkey investment ready to generate income. Located just steps from UBCO, this spacious unit features an open-concept floor plan with soaring ceilings, 3 bathrooms (2 ensuites and 1 main bath), and modern finishes throughout. With its ideal proximity to campus, this condo is perfectly positioned for rental to UBCO students, ensuring consistent demand and strong rental yields. The unit is currently leased at $3,000 per month plus $300 for utilities, offering an excellent cash flow opportunity. Additional investor-friendly features include a tandem parking stall for two vehicles, a private storage locker, and an in-suite heating/cooling system for added comfort and energy efficiency. The U8 building is well-maintained and offers easy access to local amenities, including Kelowna Brew Co, and the airport. This unit is easy to show with prior notice, making it an attractive addition to your investment portfolio. Don't miss out on this rare opportunity to secure a property in one of Kelowna's most desirable rental areas. Tenants in place until the end of June so Buyers looking for occupancy should act fast. Contact your favorite Realtor to schedule a viewing today! (id:27)

Building Features:

  • Style: Apartment
  • Building Type: Apartment
  • Architectural Style: Contemporary
  • Fire Protection: Sprinkler System-Fire
  • Floor Space: 931 sqft
  • Flooring Type: Vinyl
  • Roof Material: Roof Material
  • Roof Style: Unknown
  • Heating Type: Forced air, Heat Pump
  • Heating Fuel: Electric
  • Cooling Type: Central air conditioning
  • Appliances: Refrigerator, Dishwasher, Dryer, Range - Electric, Microwave, Washer

Property Features:

  • OwnershipType: Strata
  • Property Type: Single Family
  • Bedrooms: 3
  • Bathrooms: 3
  • Access Type: Highway access
  • Amenities Nearby: Schools, Shopping, Ski area
  • Built in: 2020
  • Community Features: Rentals Allowed
  • Condo Fees: $363 Monthly
  • Features: See remarks
  • Floor Space (approx): 931 Square Feet
  • Landscape Features: Landscaped
  • MaintenanceFee Type: Insurance, Property Management, Other, See Remarks, Waste Removal, Water
  • Storage Type: Storage, Locker
  • Zoning Type: Unknown
  • Sewer: Municipal sewage system
  • Parking Type: Parkade, Underground
  • No. of Parking Spaces: 2

Rooms:

  • Bathroom Main Level 8' x 5'
  • Bedroom Main Level 10'0'' x 9'0''
  • Bathroom Main Level 7'5'' x 4'10''
  • Bedroom Main Level 9'9'' x 9'9''
  • Bathroom Main Level 8'10'' x 5'0''
  • Primary Bedroom Main Level 9'9'' x 7'0''
  • Living Main Level 10'0'' x 11'0''
  • Kitchen Main Level 14'9'' x 11'0''

Courtesy of: Canada Flex Realty Group Ltd.

REALTOR.ca  

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Location of 625 Academy Way Unit# PH11, Kelowna, British Columbia, V1V 0E3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

27 hot days expected in 2050

Projected Precipitation Risk: Moderate-Low

12 storms expected in 2050

Projected Heat Risk: Moderate

27 hot days expected in 2050

49/100

Moderate

ClimateCheck®

Current data

This property, 625 Academy Way Unit# PH11 , experiences 7 hot days per year at around 33 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 27 hot days at 36.8 degrees Celsius.

Projected Avg. Temperature

Past
33℃
2050
36.8℃

# Hot Days Per Year

Past
7
2050
27

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-Low

12 storms expected in 2050

21/100

Moderate-Low

ClimateCheck®

Current data

This property, 625 Academy Way Unit# PH11 , experiences 11 significant 2-day storms per year, with about 145.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 12 significant 2-day storms with 160.3mm of precipitation per year.

Precipitation Per Storm

Past
145.4mm
2050
160.3mm

48-Hour Storms Per Year

Past
11
2050
12

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 625 Academy Way Unit# PH11, Kelowna, British Columbia, V1V 0E3

Life Stage

Middle-Aged with Teens

Employment Type

Mixed

Average Household Income

$117,800.53

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

7.82 %

High school certificate or equivalent

40.77 %

Apprenticeship trade certificate/diploma

7.43 %

College/non-university certificate

13.98 %

University certificate (below bachelor)

1.54 %

University Degree

28.46 %

Commuter

Travel To Work

By Car

88.84 %

By Public Transit

3.54 %

By Walking

3.27 %

By Bicycle

1.63 %

By Other Methods

2.72 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

36.61 %

Houses

63.39 %

Own Vs. Rent

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