935 Academy Way Unit# 105 Kelowna, British Columbia V1V 3C9

3 Bedroom 3 Bathroom 870 sqft
Central Air Conditioning Forced Air

$474,900

Maintenance,

$391.36 Monthly

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:66754)

Property Details

MLS® Number 10402872
Property Type Single Family
Neigbourhood University District
Community Name U ONE
Amenities Near By Airport, Schools
Features One Balcony
Parking Space Total 1
View Type Mountain View, Valley View, View (panoramic)

Building

Bathroom Total 3
Bedrooms Total 3
Constructed Date 2015
Cooling Type Central Air Conditioning
Exterior Finish Brick, Other
Fire Protection Sprinkler System-fire
Flooring Type Vinyl
Heating Fuel Electric
Heating Type Forced Air
Roof Material Other
Roof Style Unknown
Stories Total 1
Size Interior 870 Sqft
Type Apartment
Utility Water Municipal Water

Parking

Parkade
Underground

Land

Acreage No
Land Amenities Airport, Schools
Sewer Municipal Sewage System
Size Total Text Under 1 Acre

Rooms

Level Type Dimensions
Main Level Living Room 11'0'' x 12'2''
Main Level Kitchen 14'2'' x 9'3''
Main Level 3pc Bathroom 5'10'' x 5'10''
Main Level 3pc Ensuite Bath 5'0'' x 5'4''
Main Level 3pc Ensuite Bath 5'0'' x 5'4''
Main Level Bedroom 9'6'' x 9'3''
Main Level Primary Bedroom 9'3'' x 9'6''
Main Level Primary Bedroom 8'10'' x 9'6''

https://www.realtor.ca/real-estate/30375712/935-academy-way-unit-105-kelowna-university-district

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