935 Academy Way Unit# 105,Kelowna, BC V1V3C9
Kelowna, BC V1V3C9
Description
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:13843)
Details
| MLS # | 10402872 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Strata Fees | $391 |
| Status | Active |
| Year | 2015 |
| Days On Site | 16 |
| Listing Provided By | REMAX Kelowna | Joshua Elliott |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 870 |
| Story(s) | 1 |
| Property View | Mountain view, Valley view, View ( |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Electric |
| Fireplace Yes / No | No |
Exterior
| Security Features | Sprinkler System-Fire |
|---|---|
| Roof | Other, Unknown |
| Lot Features | One Balcony |
Parking
| Parking Features | Underground, Parkade |
|---|---|
| Parking Total | 1 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 2871 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1V3C9 |
| Listing VS Median (in V1V3C9) | |
Price: $474,900 low | high Med: $524,900 sqft: 870 low | high Med: 871 $ / sqft: $546 low | high Med: $603 On site: 16 low | high Med: 16 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1V3C9 |
| Listing VS Median (in V1V3C9) | |
Price: $474,900 low | high Med: $524,900 sqft: 870 low | high Med: 871 $ / sqft: $546 low | high Med: $603 On site: 16 low | high Med: 16 | |
