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 — 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.