Academy Hill
975 / 985 Academy Way
Built - 2013 /2014
Number of Units - 78 Condos
Accommodation - Two / Two Bedroom & Den Condos
Amenities - Shop in Phase 2
Parking - Underground - (Limited Common Property)
Rental Restrictions - Rentals Allowed - minimum Monthly.
Pet Restrictions - Two Cats or One Dog
Usage - Mainly UBCO renters & investor owners.
Views from the complex - Valley Views
Distance from UBCO - 5-minute walk.
Access to Public Transport - Bus from UBCO Campus
Additional Parking Available - No Street Parking, Visitor Parking available.
Zoning C3 - Commercial Community
U One
935 Academy Way
Complex Built - 2015.
Number of Units - 66 Condos
Accommodation - One / Two / Two & Three Bedroom Condos
Amenities - None, due to proximity to UBCO Facilities.
Parking - Underground - (Limited Common Property)
Rental Restrictions - Rentals Allowed - long term only.
Pet Restrictions - 1 Cat or 1 Dog Views from the complex - Valley Views Distance from UBCO - 5-minute walk.
Access to Public Transport - Bus from UBCO Campus
Additional Parking Available - No Street Parking, Visitor Parking available.
Builder - Mission Group Homes
Occupancy - mainly students and investor owners.
Proximity to UBCO - 5 minutes walk from the University Campus.
Strata Fees - are kept low as typically residents have access to the UBCO facilities nearby.
U Two
881 & 833 Academy Way
Number of Units - 112 units in two 4 Storey buildings
Square Footage - 507 to 1136 sq ft.
Features - Vinyl Plank Flooring, 8-foot Ceilings, Flat Panel Square Edge Cabinetry, Stainless Appliances, Laminate Counter Tops., Secure Front Entry. Appliances - Includes Stove Microwave, Refrigerator & Dishwasher. Space for Washer & Dryer.
Parking - Enclosed underground parking for most homes & Exterior Covered Parking for A, A1, B3 & some B Homes. No additional Road parking.
Bike Racks for most homes.
Amenities - community garden and orchard
Rentals Allowed - Yes longer term only.
Built - 2016/ 2017
Builder - Mission Group
Rental Manager - available
Proximity to UBCO - 5 minutes Walk.
U Three
775 Academy Way
Built - 2017
Builder - Mission Group
Types - 1,2 & 3 Bedroom Suites Number of Floors- 4.
Appliances - Includes Stove Microwave, Refrigerator, Dishwasher, Washer & Dryer.
Parking - A mix of Enclosed underground parking & some exterior parking
Rentals Allowed - Yes - Long Term Only.
U Five
975 Academy Way
Built - 2018
Builder - Mission Group
Number of Units - 72
Strata Fee includes - Contingency Reserve, Landscaping, Management, Sewer, Snow Removal, Trash Removal, Water
Rentals Allowed - Yes long term only.
Proximity to UBCO - 5 minutes walk
U Six
Mission Group Launched February 2018.
As of April 2018 they were Sold Out.
View a video of one of the Mission Group's Investors talking about the project.
- 57-suite condominium building.
- Location - within easy walking distance to UBC Okanagan.
- Designer - Meiklejohn Architects Inc.
- Accommodation - a mix of studio, 2, and 3-bedroom condos
- Possession - Anticipated August 2019.
Contact me for further details if you would like to have Real Estate Representation from a Licenced Agent, in this process!.
Trish Tel 250 864 1707
U Seven
Launched February 2018
NOW SOLD OUT
- Freehold 57 home condo complex
- Walk to UBC Okanagan Campus.
U Eight
IMPORTANT FOR THOSE LOOKING TO PURCHASE IN U EIGHT
LATEST UPDATE JANUARY 16TH 2019
The Mission Group have now set launch date as January 25th to January 27th 2019.
They tell me they have high numbers of registrants, so if it is possible for you to be flexible with the type of home you are interested in then you will have a better chance of obtaining a home as they expect the Studios and One Bedrooms, in particular, to go quickly.
They will not have a show suite and will be selling via phone appointments same as U-Six and U-Seven.
All contracts will be done online via their platform Avesdo. All registrants will be emailed a Selection Sheet prior to launch where they will be able to indicate their top home choices.
From there they will issue appointment times on a first come first served basis based on when we get the online Selection Sheets back, so timing will be very important.
At the time of the appointment, the sales staff will go through availability and exact pricing for the building.
If you are interested in Trish representing you in this process, please email or call her right away so she can arrange to register your interest.
Final Phase of the U Series Condo Complexes offered by the Mission Group.
It will be within walking distance of UBC Okanagan in Kelowna.
U-Eight offers a variety of contemporary, open-concept studio, one, two, and three bedroom homes.
Anticipated Starting Prices:
Studios from Low $200’s
One Bedroom from Mid $200’s
Two Bedrooms from Mid $300’s
Three Bedrooms from Mid $400’s
Frequently Asked Questions
When will sales on U-Eight begin?
Sales will begin in early 2019 subsequent to obtaining development permit approval and filing of the disclosure statement.
When will U-Eight be complete?
The estimated completion date is August 2020, prior to the start of the UBC Okanagan school year. All past Mission Group communities in the U-District have been completed on time, allowing students to get settled before the Fall semester.
What will the deposit requirements be?
• Initial Deposit: $10,000 personal cheque or bank draft upon writing the purchase and sale agreement.
• Second Deposit: 10% of the purchase price (less the $10,000 initial deposit) within 7 days of writing the purchase agreement.
• Final Deposit: 5% of the purchase price within 30 days receipt of the Amended Disclosure Statement upon the Developer obtaining construction financing and building permit approval.
What are the estimated monthly strata fees at U-Eight and what is included in the fees?
Estimated strata fees are 33 cents per square foot. Strata fees include heat, water, and Wi-Fi in common study areas.
Can homes at U-Eight be rented?
Yes. Rentals must be for a minimum of 30 days.
What are the rental rates for comparable homes near UBC Okanagan?
As of Fall 2018, average rental rates for comparable homes near UBC Okanagan are estimated to be as follows:
• Studios: $1,250 per month
• One Bedroom: $1,500 per month
• Two Bedrooms: $1,850 per month
• Three Bedrooms: $2,700 per month
Does U-Eight have a financing program in place?
Yes. Mission Group are working with RBC Mortgage Specialists to offer financing options for buyers with the option to lock-in interest rates until completion. Options vary based on the applicant’s personal finances.
How close is U-Eight to the UBC Okanagan campus and public transportation?
U-Eight is about a 15-minute walk from UBC Okanagan campus. Bus stops are 2 minutes away with service to campus every hour.
How close is U-Eight to the Kelowna International Airport (YLW)?
U-Eight is only 3.6 KM or a 7-minute drive to the airport.
What amenities are nearby U-Eight?
U-Eight is a short drive from groceries and dining, shops and services, and health and wellness.
Does Mission Group offer a past purchaser rewards program?
Yes. A $1,000 referral credit is available to Mission Group homeowners who refer a new U-Eight purchaser. The referral reward will be paid upon firming.
Will each home at U-Eight include a parking stall?
Yes. Each home at U-Eight will include a parking stall. Most stalls will be located in the underground parkade. Studio homes will offer surface parking.
Will there be storage lockers available for purchase?
Yes. There will be a limited number of storage lockers available for purchase at U-Eight.
Does U-Eight allow pets?
Yes. U-Eight will allow one dog and one cat, or two cats, with no height restrictions. Restrictions on dog breeds deemed aggressive, such as Pitbulls and Rottweilers, will apply.
Call Trish for more information and if you require assistance with your purchasing needs for this property.
U Eight Floor Plans
