Property Information:

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. (id:27)

Building Features:

Style: Apartment
Building Type: Apartment
Architectural Style: Contemporary
Fire Protection: Sprinkler System-Fire
Floor Space: 931 sqft
Flooring Type: Vinyl
Roof Material: Roof Material
Roof Style: Unknown
Heating Type: Forced air, Heat Pump
Heating Fuel: Electric
Cooling Type: Central air conditioning
Appliances: Refrigerator, Dishwasher, Dryer, Range - Electric, Microwave, Washer

Property Features:

OwnershipType: Strata
Property Type: Single Family
Bedrooms: 3
Bathrooms: 3
Access Type: Highway access
Amenities Nearby: Schools, Shopping, Ski area
Built in: 2020
Community Features: Pets not Allowed, Rentals Allowed
Condo Fees: $363 Monthly
Features: See remarks
Floor Space (approx): 931 Square Feet
Landscape Features: Landscaped
MaintenanceFee Type: Property Management, Other, See Remarks, Waste Removal, Water
Storage Type: Storage, Locker
Sewer: Municipal sewage system
Parking Type: Parkade, Underground
No. of Parking Spaces: 2

Rooms:

Bathroom Main Level 8' x 5'
Bedroom Main Level 10'0'' x 9'0''
Bathroom Main Level 7'5'' x 4'10''
Bedroom Main Level 9'9'' x 9'9''
Bathroom Main Level 8'10'' x 5'0''
Primary Bedroom Main Level 9'9'' x 7'0''
Living Main Level 10'0'' x 11'0''
Kitchen Main Level 14'9'' x 11'0''

Courtesy of: Canada Flex Realty Group Ltd.

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Demographic Information of 625 Academy Way Unit# PH11, Kelowna, British Columbia, V1V 0E3

Life Stage

Middle-Aged with Teens

Employment Type

Mixed

Average Household Income

$117,800.00

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

7.82 %

High school certificate or equivalent

40.77 %

Apprenticeship trade certificate/diploma

7.43 %

College/non-university certificate

13.98 %

University certificate (below bachelor)

1.54 %

University Degree

28.46 %

Commuter

Travel To Work

By Car

88.84 %

By Public Transit

3.54 %

By Walking

3.27 %

By Bicycle

1.63 %

By Other Methods

2.72 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

36.63 %

Houses

63.37 %

625 Academy Way Unit# PH11, Kelowna, British Columbia, V1V 0E3