316 - 883 Academy Way, Kelowna, BC | $589,900
This 2-bedroom apartment style condo residence with a lake view is sought after for its modern design and proximity to ubco - a great school surrounded by a great city in which to own real estate.
It’s more than just a home. It’s an investment.
Whether you’re a student/parent looking for the perfect apartment to call home while studying at UBCO or you’re looking to invest in a rental property, you’ll love this beautiful, third-floor, 3-bedroom, 3-bathroom apartment-style condo residence. It’s got style and function and everything you or your future tenant is looking for. It’s not just a home though. Purchasing real estate here is a sound way to build a financial future.
Walk to campus in 10 minutes or less.
This condo is a great alternative to campus yet only a short walking distance to campus. No need for a car or to wait for a bus. Living on campus can be great but most students sooner rather than later have enough of the close quarters and lack of personal space, in many cases even the lack of a proper kitchen. Living at U TWO means you get much of the benefit of living on campus without the drawbacks. Not to mention there simply is not enough space so less than 20% of UBCO students can be housed on campus (generally only 1st year students get accepted in residence) so condo residences here are in vastly high demand.
walk to and from campus to u two in 10 minutes or less. this is the view across the university drive overpass making your journey quick and safe.
on campus meal plans are expensive. skip the dishes takes way too long. nothing beats home cooked meals and when you’re in a rush, you have a microwave and a dishwasher to speed things up.
Fully equipped kitchen and in suite laundry.
Food is expensive. Campus food is even more expensive. With a condo like this you can easily come home between classes and whip up a delicious lunch or have some friends over for a dinner party and cook the best meal you’ve had since leaving the comforts of your mom’s cooking (or dad, or grandma… you get the point!) Upgrade from dorm life with your own condo at U TWO.
Close to the gym, trails, restaurants, shops and more.
University District Kelowna is a really great place to live! You can easily access on campus amenities; have a workout at The Hangar Fitness and Wellness Centre or the enjoy a coffee while studying at Starbucks. There are numerous restaurants in the area include a few right here on “the hill” (just a 2-minute walk from U TWO). Feel like getting active outdoors? Try riding your bike down to the Okanagan Rail Trail or go for a walk along one of several neighbourhood trails.
THE Hanger Fitness and Wellness Centre on campus at UBCO.
The perfect layout for student life.
This condo residence features 2 bedrooms spacious enough for a full size bed and study desk. The master bedroom benefits from natural light through a large window and an 3-pcs ensuite while second bedroom is right across the hall from the a second 3-pcs. bathroom. The kitchen, dining area, and living room, flow one into the other in an open concept layout allowing you to stay connected with your roommates or guests while preparing meals, dining, and socializing. There is also generously sized balcony so you can experience Okanagan patio-life.
Get all the details on this condo residence.
Property Information
Bedrooms: 3
Bathrooms: 3
Living Space: 923 SF
Patio: YES
Heating: Electric Baseboards
Cooling: A/C Wall-unit
Building Information
Year Built: 2016
Construction Type: Wood frame
Foundation: Concrete
Parking: Underground Parkade
Storeys: 4
Exterior: Stucco and Brick
About The Building
U TWO was built by Kelowna developer Mission Group and completed in 2016. This two building complex features 112 apartment-style condo residences. Residences include 1-bedroom, 2-bedroom, and 3-bedroom layouts. Many units are investment properties, highly sought after by university students for their modern design, valley views, and most importantly - proximity to UBCO. Each residences offers patio living space and either underground parking or covered outdoor parking.
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Property Location
Viewing the property
Once you’re ready to take the next step towards a purchase you can schedule a live and in person viewing of this condo residence. It is important that we know in advance so to properly notify the current tenants. To book please use our form to the right or have your preferred real estate professional contact Joshua Elliott of RE/MAX Kelowna at 250-212-2732.
Have more questions?
Keep scrolling for additional information and frequently asked questions. If you still have questions, would like us to send you specific information, or are ready to make an offer to purchase, please get in touch.
Listing REALTOR®: Joshua Elliott
Listing Brokerage: RE/MAX Kelowna
MLS# 10313901
Telephone: 250-212-2732
Email: joshua@universitydistrictkelowna.com
Regardless of why you are purchasing it makes dollars and sense.
For Investors
A solid investment opportunity awaits. University District Kelowna experiences near-zero vacancy throughout the academic year and most students will sign a 12-month lease due to the demand conditions. There are now more than 10,000 students enrolled at UBCO and only about 2,000 beds on campus. Rental rates for 3-bedroom apartments start around $3,000/month with some owners bringing in up to about $3,600/month. Whether you’re looking to build equity or create a stream of positive cash flow this is an opportunity you should explore. Get a complete sample investment analysis on this property.
For Students / Parents
What better way to add to the future you’re building than to build equity while attending university. With the low supply of off-campus housing that is within walking distance to UBCO, the alternative is paying thousands of dollars in rent and still possibly having to commute from other parts of the city. Purchase a condo residence at U TWO, find a roommate, and when you’ve graduated you’ll have paid down tens of thousands of dollars in principal. For students it’s also a great way to start building credit. Get a complete analysis comparing a purchase here vs. renting a similar apartment.
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F.A.Q.
How long does it take to walk to the UBCO Campus?
It's about 650-950m to the various UBCO buildings or about a 5-10 minute walk.
How long does it take to get to the beach?
It's about a 12km drive to Kelowna's City Park and Waterfront Park beaches. It takes about 15-25 minutes by car (depending on time of day), about 50 minutes by bus, and about 60 minutes by bicycle.
Is public transportation available from the area?
Yes! The UBCO Bus Exchange is just a short 5-10 minute walk from U TWO.
What parking is available at U TWO?
This condo residence includes 1 underground parking spot. There is some street parking and the complex also has visitor parking on site.
Are pets allowed at U TWO?
University students like pets too! Strata bylaws (subject to change) do allow many different types of pets including cats or dogs; however, there are restrictions. Please contact us to inquire specifically about your pet.