116 883 ACADEMY WAY, No City Value BC V1V 0A3, No city value, BC

$559,000
Est. Mortgage /mo

MLS® R2756693

Closed

$545,000
Closed at 01 Jun 2023
Listing price: $559,000
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
3 Beds
3 Baths
1 Stories
$ 567.49 Maint. Fee
962 sqft
2016 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

INVESTOR ALERT!! Great revenue potential with this 3 bedroom, 3 bathroom condo just 7 minutes from campus at the sought after U Two building. Well laid out for 3 students, each with their own bedroom and bathroom, 2 bedrooms with their own private 3 piece en suites. Upgraded full size washer and dryer purchased in 2021. Walking distance to UBCO Campus, restaurants, shopping and transit make this a highly sought after location for students. Close to Kelowna International Airport, golf courses and beaches. Rentals currently achieving some of the highest rates in Kelowna with near zero vacancy rates. Fantastic opportunity to rent this year round. All interior furnishings included.

General Info

Price $559,000
Total Bedrooms 3
Total Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 962
Lot Size -
Lot Size Depth -
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 2016
Age Of Building 7
Building Type Apartment/Condo
Property Type Residential
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Cooktop
Building Amenities Trash, Maintenance Grounds, Hot Water, Management, Snow Removal
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS # R2756693
Area FVREB Out of Town
Neighbourhood FVREB Out of Town
City No City Value
Gross Taxes $2,345.44
Ownership Type Freehold Strata
Maintenance Fee $567.49
Community Features Shopping Nearby
Amenities Nearby Trash, Maintenance Grounds, Hot Water, Management, Snow Removal
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Electric
Cooling Central Air

Utilities

Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public

Parking

Parking Type Garage Single
Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions -
Zoning RM5
Rental Suites None
Laundry In Unit
# of Kitchens 1
Foundation Slab
Interior Features Elevator
Locker -
View -
View Description -
Units In Development 56
Exterior Features Balcony
Sewer Public Sewer, Sanitary Sewer
Roof Torch-On

Property History

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Status Date Price
Sold 06-01-2023 $559,000
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Listed by: FaithWilson Christies International Real Estate

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary
Rutland Senior Secondary School
4.31 km
No Rating
Middle
Rutland Middle School
Average
4.18 km
Rating 4.9/10
Elementary
Ellison Elementary School
Average
3.35 km
Rating 4.1/10

Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. School boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school.

Private Schools

Elementary
Aberdeen Hall Preparatory School
0.25 km
No Rating
Secondary
Aberdeen Hall Senior School
0.09 km
No Rating

Closest Transit

Kelowna
Academy Way at 950 Block (SB)
0.07 km

This home with address 116 883 ACADEMY WAY, No City Value BC V1V 0A3, No city value, BC is also serviced by Rutland Senior Secondary School and located 4.31 km from it. Rutland Senior Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 116 883 ACADEMY WAY, No City Value BC V1V 0A3 is Aberdeen Hall Preparatory School with School's rating No Rating, located 0.25 km from this home.

The closest to this address 116 883 ACADEMY WAY, No City Value BC V1V 0A3 Secondary independent school is Aberdeen Hall Senior School with School's rating No Rating, located 0.09 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 18,309 volation disturbances in this neighbourhood. The overall crime rate near the address - 116 883 ACADEMY WAY, No City Value BC V1V 0A3, No city value, BC is 12,529.51. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Above Average rate in 2020. Year by year change in the total crime rate is -8.71%

Drug crime rate next to the listing MLS® R2756693 is High comparing to other neighbourhoods. The illegal substances offences rating is 711.71. There were 1,040 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is 31.89%

Property crimes in the neighbourhood close to real estate listing for sale 116 883 ACADEMY WAY, No City Value BC V1V 0A3 are High. Property misconduct rating adjacent to MLS® R2756693 is 6,636.69. There were 9,698 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -21.39%

There were 2,904 violent lawbreaking disorders in 2020. 1,987.31 and it is Above Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is 12.91%

The closest Bus station is Academy Way at 950 Block (SB) in 0.07 km away from this listing with - MLS® R2756693.

22.2% of people with university certificate/degree live in this neighbourhood adjacent to the 116 883 ACADEMY WAY, No City Value BC V1V 0A3 which is Above Average in comparison with other BC neighbourhoods. 11% of population in this neighbourhood that is near the Listing MLS® R2756693 have no certificate or degree. This number is Low compared to the average in BC.

Median Household Income near this dwelling with the address 116 883 ACADEMY WAY, No City Value BC V1V 0A3, No city value, BC is $91750 which is Above Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2756693 is $41139 which is Above Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 58.6% which is Average.

Unemployment rate in the area around Real Estate Listing # R2756693 is 6.7 which is Below Average in comparison to the other province neighbourhoods.

This real estate is located in 116 883 ACADEMY WAY, No City Value BC V1V 0A3 FVREB Out of Town where population change between 2011 and 2016 was 14%. This is High in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 116 883 ACADEMY WAY, No City Value BC V1V 0A3, No city value, BC is 217.7 which is Below Average people per sq.km.

Average size of families in the area adjacent to home for sale 116 883 ACADEMY WAY, No City Value BC V1V 0A3 is 2.6. This is Low number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2756693 is 42.6% and it is Low. % of Married or living common law is around 66.7% and it is High.

Average age of the population close to the 116 883 ACADEMY WAY, No City Value BC V1V 0A3 is 43.5 . This percentage is Above Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 116 883 ACADEMY WAY, No City Value BC V1V 0A3, No city value, BC is $625188 and this is High comparing to other areas in British Columbia

Average Owner payments are Above Average in the area adjacent to 116 883 ACADEMY WAY, No City Value BC V1V 0A3. $1514 owners spent in average for the dwelling. Tenants are paying $1248 in this district close to MLS® R2756693 and it is Above Average comparing to other cities.

23.9% of Population in this district near the 116 883 ACADEMY WAY, No City Value BC V1V 0A3 are Renters and it is Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 116 883 ACADEMY WAY, No City Value BC V1V 0A3, No city value, BC is 7.3%, it is Average, % of English speakers only is 92.2% and Average. % of Neither English nor French speakers close to home for sale 116 883 ACADEMY WAY, No City Value BC V1V 0A3, No city value, BC is 0.5% and it is Below Average comparing to other BC cities.

2.4% of all population in the area around this property with the address 116 883 ACADEMY WAY, No City Value BC V1V 0A3, No city value, BC using Public Transport which is Low, 89.9% of using population are using Cars around MLS® R2756693, which is Above Average. 1.1% of people using Bicycles around the 116 883 ACADEMY WAY, No City Value BC V1V 0A3 and it is Average. 3.5% of population are walking which is Average

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 567.49
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $559,000
No city value No comparables
FVREB Out of Town No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
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