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Renanza Realty
For sale

625 Academy Way Unit# PH11

Kelowna, British Columbia

MLS® 10391434

$498,000

Status
Active
Property type
House
MLS® number
10391434
Bedrooms
3
Bathrooms
3
Year built
2020

Listing description

This fully furnished 3-bedroom penthouse unit in the highly sought-after U8 building is a turnkey opportunity, currently vacant and ready for immediate occupancy or rental income. Located just steps from UBCO, this spacious unit features an open-concept floor plan with soaring ceilings, 3 bathrooms (2 ensuites and 1 main bath), and modern finishes throughout. Perfectly positioned for strong rental demand, this condo has previously generated $3,200 per month plus $300 for utilities, making it an attractive option for investors seeking excellent cash flow potential.

Additional features include a tandem parking stall for two vehicles, a private storage locker, and an in-suite heating and cooling system for year-round comfort and energy efficiency. The well-maintained U8 building offers convenient access to local amenities, restaurants, shopping, UBCO, and Kelowna International Airport. Currently vacant and easy to show on short notice, this is a fantastic opportunity to own in one of Kelowna's most sought-after rental locations.

Quick possession available. Contact your favorite Realtor® today to schedule your private viewing.

Property summary

MLS® number
10391434
Property type
Single Family
Building type
Apartment
Square footage
931 sq ft
Title
Condo/Strata
Built in
2020
Annual property taxes
$3,065.34
Parking
2 spaces · Underground, Parkade, Heated Garage
Days on market
69 days

Features & details

Heating
Heat Pump, Forced air, Electric
Cooling
Central air conditioning
Flooring
Vinyl
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
Lot features
See remarks
Community features
Pets not Allowed, Rentals Allowed
Architectural style
Contemporary
Strata fee
$363.4 / Monthly

What would this home cost you?

Based on the $498,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$2,317 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Canada Flex Realty Group Ltd., Kelowna.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.