It’s more than just a home. It’s an investment.

Whether you’re a student/parent looking for the perfect apartment to call home while studying at UBCO or you’re looking to invest in a rental property, you’ll love this cheery, well-maintained, studio condo residence. It’s got style and function and everything you or your future tenant is looking for. It’s not just a home though, purchasing real estate here is a sound way to build a financial future.

 
 

This modern STUDIO condo residence was designed with students living in mind.

 

Fully equipped kitchen and in suite laundry.

Food is expensive. Campus food is even more expensive. With a condo like this you can easily come home between classes for a healthy, homemade lunch that doesn’t break the bank. Apartment sized appliances save space but offer everything you need. Upgrade from dorm life with your own condo at U FIVE.

 
 

THE Hanger Fitness and Wellness Centre on campus at UBCO.

 

Close to the gym, trails, restaurants, shops and more.

University District Kelowna is a really great place to live! You can easily access on campus amenities; have a workout at The Hangar Fitness and Wellness Centre or the enjoy a coffee while studying at Starbucks. It’s just a short drive to the Rutland YMCA, arena, sport fields, and about 20-minutes to the beach at Okanagan Lake. There are numerous restaurants at the nearby Airport Village and a few right here on “the hill” within walking distance. Feel like getting active outdoors? Try riding your bike down to the Okanagan Rail Trail or go for a walk along one of several neighbourhood trails.

 

Walk to campus in about 20 minutes or drive there in two.

Are you or your child attending UBCO or Aberdeen Hall Preparatory School? Or are you looking for a great rental property? For students, living at U FIVE means getting much of the benefit of living on campus without the drawbacks. Not to mention there simply is not enough space so less than 20% of UBCO students can be housed on campus (generally only 1st year students get accepted in residence) so condos and homes here are in vastly high demand.

 

walk to and from campus to u FIVE in 20 minutes or less. this is the view across the John Hindle drive overpass making your journey quick and safe.

 

click to download floor plan.

 

The perfect layout for student life.

This studio condo residence can be setup it a variety of ways; currently a casual living space is situated across from the kitchen with the bed and adjacent study area right in front of the glass balcony door and windows offering plenty of natural sunlight. The bathroom is conveniently near the entry of the suite. There is also generously sized balcony so you can experience Okanagan patio-life.

 

Get all the details on this condo residence.

 
 

Property Information

Bedrooms: Studio
Bathrooms: 1
Living Space: 312 SF
Patio: YES
Heating: Heat Pump
Cooling: Air conditioning (heat pump)
Parking: 1 outdoor parking stall

Year Built: 2018
Construction Type: Wood frame
Foundation: Concrete
Storeys: 3, above parkade
Exterior: Hardie-plank with brick accent

About The Building

U FIVE is a 3-storey condominium building featuring 72 residences including: studio, 2-bedroom, and 3-bedroom layouts within walking distance to UBCO. Each suite comes with a full kitchen, in-suite laundry, and a bathroom for every bedroom. Residences in the area are highly sought after by university students for their modern design, valley views, and most importantly - proximity to UBCO. Each residence offers patio living space and parking is underground.

 

GET all the DETAILS SENT TO YOUR email INBOX

 

Come inside and look around.

 
 

Property Location

 
 

Viewing the property in person

Once you’re ready to take the next step towards a purchase you can schedule a live and in person viewing of this condo residence. It is important that we know in advance so to properly notify the current tenants. To book, please use our form to the right or have your preferred real estate professional contact Joshua Elliott of RE/MAX Kelowna at 250-212-2732.

 

Have more questions?

Keep scrolling for additional information and frequently asked questions. If you still have questions, would like us to send you specific information, or are ready to make an offer to purchase, please get in touch.

Listing REALTOR®: Joshua Elliott
Listing Brokerage: RE/MAX Kelowna
MLS# 10342566

Telephone: 250-212-2732
Email: joshua@universitydistrictkelowna.com

 

Regardless of why you are purchasing it makes dollars and sense.

 

For Investors

A solid investment opportunity awaits. University District Kelowna experiences near-zero vacancy throughout the academic year and many students will sign a 12-month lease due to the demand conditions. There are now more than 11,000 students enrolled at UBCO and only about 2,100 beds on campus. Current rental rates for similar studio apartments start around $1,400/month. Build equity quickly with tenants paying down the principal! Get a complete sample investment analysis on this property.

 

For Students / Parents

What better way to add to the future you’re building than to build equity while attending university. With the low supply of off-campus housing that is within walking distance to UBCO, the alternative is paying thousands of dollars in rent. But it’s not just a financial opportunity, owning your own condo saves time and stress created by having to find a rental and new roommates year after year and a studio like this offers the benefit of living alone. For students it’s also a great way to start building credit. Get a complete analysis comparing a purchase here vs. renting a similar condo or shared apartment.

 

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F.A.Q.

How long does it take to walk to the UBCO Campus?

It's about 1000-1200m to the various UBCO buildings or about a 15-20 minute walk.

How long does it take to get to the beach?

It's about a 12km drive to Kelowna's City Park and Waterfront Park beaches. It takes about 15-25 minutes by car (depending on time of day), about 60 minutes by bus, and about 60 minutes by bicycle.

Is public transportation available from the area?

Yes! There is a bus stop just down the street and also the UBCO Bus Exchange is only about a 20-minute walk from U FIVE.

What parking is available at U FIVE?

This condo residence includes 1 parking stall in the underground parking garage. There is also street parking and the complex has numerous visitor parking stalls on site for guests.

Are pets allowed at U FIVE?

Strata bylaws (subject to change) do allow many different types of pets including cats and dogs; however, there are restrictions. Please contact us to inquire specifically about your pet.