Average Condo Price at Academy Way Kelowna (2026)

Academy Way is a relatively contained market, a concentrated collection of strata buildings on one street, all targeting the same demand pool. That makes it easier to understand pricing here than in a broader neighbourhood, but harder to generalise because the spread between a dated studio and a newer two-bedroom can be substantial.

Here's what the market looks like in 2026, by unit type.

Studios and Junior One-Bedrooms

The entry point for Academy Way. Studios in the older buildings (U-One, U-Two, U-Three) typically trade in the $280,000–$350,000 range. Units in newer buildings or with recent renovations push into the $350,000–$390,000 range.

These are the most liquid units in the complex: highest rental demand relative to price, and the easiest to sell when exiting because the buyer pool is widest at this price point.

One-Bedroom Units

The most common unit type across the complex. One-bedrooms in standard condition trade in the $370,000–$450,000 range. Updated units with renovated kitchens and bathrooms, or units in newer buildings like U-Six, U-Seven, or U-Eight, can reach $460,000–$510,000.

One-bedrooms are the core of the rental market here: strong demand from graduate students, UBCO staff, and young professionals who want campus proximity without roommate living.

Two-Bedroom Units

Two-bedrooms trade in the $480,000–$620,000 range depending on building, floor, orientation, and condition. Corner units and upper floors at the better-appointed buildings (Academy Ridge, Veda, U-Eight) represent the top of the range.

Two-bedroom units appeal to a slightly different buyer and tenant profile: couples, families with a UBCO connection, and investors targeting roommate rentals. Rental income per dollar invested is often better on a two-bedroom than a one-bedroom, though vacancy risk is slightly higher.

Townhomes

A small number of townhome-style units exist within the Academy Way complex. These are the least frequently traded and trade at a premium, typically $580,000–$700,000+, reflecting the additional square footage, private outdoor space, and relative scarcity. When they come up, they move quickly.

What Drives Price Variation Within the Complex

• Building age and condition. Newer buildings command a premium. Older buildings can represent value if the reserve fund is healthy and the building envelope is in good shape.
• Floor and orientation. Upper floors with mountain or valley views trade higher. Ground floor or parking-adjacent units trade at a discount.
• Renovation status. Original kitchens and bathrooms in 15-year-old units are priced accordingly. Renovated units in older buildings can bridge most of the gap to newer product.
• Strata fees. Higher fees reduce what buyers will pay for the unit itself. When comparing two similar units, always factor in the monthly strata fee differential, since it affects both carrying costs and resale.
• Parking and storage. Included underground parking adds meaningful value. Some units were sold without parking. These trade at a discount and are harder to rent to commuters.

How Academy Way Compares to Broader Kelowna

On a per-square-foot basis, Academy Way condos trade at a premium to similar-vintage condos in other Kelowna neighbourhoods. That premium reflects the UBCO proximity and rental demand. Whether that premium is justified depends on your purpose. It is if you're an investor or if UBCO access is important to you as an owner-occupier; it may not be if you're purely comparing square footage and finish.