Don Rae Realtor


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    935 Academy Way Unit# 105 Kelowna V1V3C9

    Price : $474,900 Listing ID : 10402872
    3 Bedrooms 3 Bathrooms
    Property Type : Single Family Building Type : Apartment
    Maintenance Fee : 391.36 Fee Paid : Monthly
    Title : Strata Finished Area : 870 sqft
    Built in : 2015 Total Parking Spaces : 1
    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:56537)

    Call (250)-864-7337 for showing information.
    Details
    Amenities Nearby : Airport, Schools Access : - Appliances Inc : -
    Community Features : - Features : One Balcony Structures : -
    Total Parking Spaces : 1 View : Mountain view, Valley view, View (panoramic) Waterfront : -
    Zoning Type : -
    Building
    Architecture Style : - Bathrooms (Partial) : 0 Cooling : Central air conditioning
    Fire Protection : Sprinkler System-Fire Fireplace Fuel : - Fireplace Type : -
    Floor Space : - Flooring : Vinyl Foundation Type : -
    Heating Fuel : Electric Heating Type : Forced air Roof Style : Unknown
    Roofing Material : Other Sewer : Municipal sewage system Utility Water : Municipal water
    Basement
    Type : - Development : - Features : -
    Land
    Landscape Features : -
    Rooms
    Level : Type : Dimensions :
    Main level 3pc Bathroom 5'10'' x 5'10''
    3pc Ensuite bath 5'0'' x 5'4''
    Bedroom 9'6'' x 9'3''
    Kitchen 14'2'' x 9'3''
    Living room 11'0'' x 12'2''
    Primary Bedroom 8'10'' x 9'6''
    Primary Bedroom 9'3'' x 9'6''
    Data from sources believed reliable but should not be relied upon without verification. All measurements are approximate.MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS® .Copyright © 2023 Don Rae REALTOR® Not intended to solicit properties currently under contract.