Why Invest in the University District Kelowna?

Kelowna and West Kelowna are home to several up-and-coming neighbourhoods. One of which, happens to be the university district. As the name suggests, the university district is situated around the University of British Columbia’s Okanagan campus. The area encompasses Quail Ridge, Academy, and Airport Village. In this article, I will be going over all of the reasons why you should consider investing in a property in the university district Kelowna! Follow along below to learn more. 

Reasons to Purchase Real Estate in the University District Kelowna

1. Excellent Location

Starting off strong, one of the biggest advantages of buying property in the University District is the location. Being close to UBC Okanagan makes properties in this area highly attractive to students, faculty and staff. Moreover, since the University District is right by the airport, it makes it all the more convenient for frequent travellers. Homes in this area are within walking distance of a variety of amenities and well-connected by transit. 

2. Rental Opportunities

If you’re looking for a summer home in the Okanagan but want to rent it out at all other times during the year, this is a great place to invest. The University District is always experiencing a high rental demand due to the turnover of students and staff at UBCO. Investing in a property here could very easily provide you with a reliable source of rental income year-round. It’s important to note that properties near the university experience a very low vacancy rate. 

3. Growing Infrastructure & Value

The university district is rapidly developing, with new infrastructure projects constantly being planned and executed. This includes additions to the university, restaurants, recreational facilities, and public transportation improvements. Such developments enhance the area’s livability, making it even more attractive to potential residents. The ongoing development and growing popularity of the area suggest that property values are likely to continue rising. Investing now could mean significant returns in the future as the district continues to evolve and attract more residents.

Contact me Today!

If you are looking to purchase real estate in the University District Kelowna, consider hiring an agent to help! For more information about this area of Kelowna, contact a REALTOR® in West Kelowna today! I’d be happy to help you sell or buy homes in this desirable area of the Okanagan. Be sure to check out my blog next month for more real estate tips and information. I look forward to working with you in the near future!