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Sarah Percival

sarah.percival@engelvoelkers.com +1(613) 883-7076

$ 474,900

Est. payment -/mo

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935 Academy WAY #105 Kelowna, BC V1V3C9

3 Beds

3 Baths

870 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Approx. Sqft 870

Square Footage 870 sqft

Price per Sqft $545

Subdivision University District

MLS® Listing ID 10402872

Bedrooms 3

Condo Fees $391/mo

Year Built 2015

Property Sub-Type Condo

Property Description

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. (id:24570)

Location

Province BC

Rooms

Kitchen 1.0

Extra Room 1 Main level 11'0'' x 12'2'' Living room

Extra Room 2 Main level 14'2'' x 9'3'' Kitchen

Extra Room 3 Main level 5'10'' x 5'10'' 3pc Bathroom

Extra Room 4 Main level 5'0'' x 5'4'' 3pc Ensuite bath

Extra Room 5 Main level 5'0'' x 5'4'' 3pc Ensuite bath

Extra Room 6 Main level 9'6'' x 9'3'' Bedroom

Interior

Heating , Forced air

Cooling Central air conditioning

Flooring Vinyl

Exterior

Parking Features Yes

View Y/N Yes

View Mountain view, Valley view, View (panoramic)

Roof Type Unknown

Attached Garage No

Total Parking Spaces 1

Garage Yes

Private Pool No

Building

Story 1

Sewer Municipal sewage system

Others

Ownership Strata

Listed by REMAX Kelowna

NEARBY SCHOOLS & PROPERTIES

Sarah Percival

Salesperson

+1(613) 883-7076

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