PH21 - 775 Academy Way, Kelowna, BC | $539,900
This 2-bedroom apartment style condo residence is sought after for its modern design and proximity to ubco - a popular university for both canadian and students from around the world - 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 gorgeous, top-floor, 2-bedroom, 2-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 15 minutes or less.
The University District Kelowna neighbourhood is the only neighbourhood where students can reasonably walk to campus. This condo residences offers a short walk either along the sidewalk and walking bridge or along the forest pathway. No need for a car or to wait for a bus, although the bus stop is right outside the complex. Living on campus can be great but most students sooner rather than later have enough of the close quarters and lack of personal space. Living at U THREE means you get much of the benefit of living on campus without the drawbacks. Not to mention there simply is not enough accommodation on campus 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 15 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, pantry, and an actual laundry room.
Let’s face it: sharing a common kitchen with a handful of others or cooking every meal in toaster oven and doing dishes by hand gets old. This condo residence is a serious upgrade from dorm life. The kitchen includes full-size appliances including refrigerator/freezer, oven/range, microwave oven, and even a dishwasher. With an abundance of cabinets and a pantry too you can be ready to cook anything you desire and store all the snacks for in between meals. Now let’s talk laundry. No more waiting in line or loading the wash in your living room; this condo has its own laundry room with a stacking washer dryer and room to spare for storing supplies. You could even customize it with a cabinet and counter or built-in shelving.
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 5-minute walk from U THREE). 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.
click to download floor plan.
The perfect layout for student life.
This condo residence features 2 bedrooms spacious enough for a full size bed and study desk, each with its own closet and an ensuite bathroom. Both bedrooms have windows which allow sunlight throughout the day. 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, South-facing balcony so you can experience Okanagan patio-life — sitting in the sun, barbecuing, or just lounging as the sun sets and the city lights come on.
Get all the details on this condo residence.
Property Information
Bedrooms: 2
Bathrooms: 2
Living Space: 821 SF
Patio: YES
Heating: Electric Heat Pump, ducted
Cooling: Central A/C
Building Information
Year Built: 2017
Construction Type: Wood frame
Foundation: Concrete
Parking: Underground Parkade
Storeys: 4
Exterior: Stucco and Brick
About The Building
U THREE was built by Kelowna developer Mission Group and completed in 2017. The building features 87 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# 10317969
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 typical 2-bedroom apartments start around $2,200/month with the rare corner suites like this renting up to about $2,500/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 850-1150m to the various UBCO buildings or about a 8-12 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! There are bus stops right outside U THREE. Additionally, the UBCO Bus Exchange is just a short 10-15 minute walk from U THREE.
What parking is available at U THREE?
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 THREE?
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.