935 Academy Way Unit# 105

870 sqft

3
Beds

3
Baths

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:67517)

• Property Details

  MLS® Number	10402872
  Property Type	Single Family
  Neigbourhood	University District
  Community Name	U ONE
  AmenitiesNearBy	Airport, Schools
  Features	One Balcony
  ParkingSpaceTotal	1
  ViewType	Mountain View, Valley View, View (panoramic)

• Building

  BathroomTotal	3
  BedroomsTotal	3
  ConstructedDate	2015
  CoolingType	Central Air Conditioning
  ExteriorFinish	Brick, Other
  FireProtection	Sprinkler System-fire
  FlooringType	Vinyl
  HeatingFuel	Electric
  HeatingType	Forced Air
  RoofMaterial	Other
  RoofStyle	Unknown
  StoriesTotal	1
  SizeInterior	870 Sqft
  Type	Apartment
  UtilityWater	Municipal Water

  Parkade
  Underground

• Land

  Acreage	No
  LandAmenities	Airport, Schools
  Sewer	Municipal Sewage System
  SizeTotalText	Under 1 Acre

• Rooms

  Level	Type	Length	Width	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''

• Utilities