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935 Academy Way Unit# 105

University District, Kelowna, BC, V1V3C9

Listed by REMAX Kelowna

$474,900

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  • 3 bedrooms
  • 3 bathrooms
  • 1 parking
  • 870 sq ft

Listed 14 days ago · MLS® 10402872

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. (id:66966)

Details

Type
Condo Apartment
Size
870 sq ft
Property tax
$2,871
Maintenance fee
$391/month
Neighbourhood
University District
Municipality
Kelowna

Interior

Fireplace
No
Flooring
Vinyl

Heating, cooling and services

Heating
Forced air, Electric
Air conditioning
Central air conditioning
Water and sewer
Municipal sewage system

Building and exterior

Year built
2015
Outdoor
Brick

Parking

Total parking
1
Driveway and parking
Underground, Parkade

Condo

Monthly fee
$391
View
Mountain view, Valley view, View (panoramic)
Security
Sprinkler System-Fire

Rooms

RoomLevelSizeFeatures
Living roomMain level12'2'' x 11'0''
KitchenMain level9'3'' x 14'2''
3pc BathroomMain level5'10'' x 5'10''
3pc Ensuite bathMain level5'4'' x 5'0''
3pc Ensuite bathMain level5'4'' x 5'0''
BedroomMain level9'3'' x 9'6''
Primary BedroomMain level9'6'' x 9'3''
Primary BedroomMain level9'6'' x 8'10''

Location

Location is approximate. See nearby homes on the map

Listed by REMAX Kelowna.

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