Academy Way is Kelowna's most concentrated walkable-to-campus rental corridor. This page is the reference version of that case — the numbers by unit type, what to check before you buy, and who this actually suits. For the narrative version, see Is Academy Way a Good Investment?
Rent & Yield Estimates by Unit Type
| Unit Type | Typical Purchase Price | Typical Monthly Rent | Est. Net Yield |
|---|---|---|---|
| Studio | $350,000 – $400,000 | $1,500 – $1,650 | ~4–5% |
| 1 Bedroom | $400,000 – $450,000 | $1,650 – $1,900 | ~3.5–4.5% |
| 2 Bedroom | $500,000 – $650,000 | $2,200 – $2,700 (roommate split) | ~3.5–4% |
| 3 Bedroom / Townhome | $650,000 – $800,000+ | $2,700 – $3,400 (roommate split) | ~3–4% |
These are ballpark estimates based on typical current market activity, not a quote for any specific unit — strata fees, exact rent, and net yield vary by building and condition. Ask us for current numbers on a specific listing before running your own analysis.
Who This Suits
Academy Way works best for investors with a 7–10 year horizon who want modest, consistent yield plus appreciation from a structural demand driver (a growing university) — not investors who need strong day-one cash flow or who are counting on short-term rental income as the primary return. It's also a common choice for parents buying for a UBCO student, using roommate income to help offset carrying costs. See our parent's guide for that angle specifically.