981 12 Street Se Unit# Prop. 11 Salmon Arm, British Columbia V1E 2C8

3 Bedroom 2 Bathroom 1291 sqft
Contemporary Heat Pump, Wall Unit Forced Air, Heat Pump



$226 Monthly

Brand New Buena Vista Lane Townhomes now under construction with Phase One being ready for occupancy this Summer 2024. Built to attract first time home buyers &/or rental investors this 1291 SqFt townhome offers 3 levels, 3 Bedrooms & 2 Bathrooms. Includes all appliances; Fridge, Stove, DW, Micro & W/D, Vacuum and all Blinds. Development contains 10 buildings & this unit offers lakeviews. Built in a lane style design with an attached garage, private side entry, hardi-board exteriors, backyard deck, extra open space parking spot along with plenty of visitor parking too. Developers incentive offering no strata fees ($226/month) for the first year for first time home buyers. 10 year new home warranty program. Financing OAC* with $125,000 household pre-tax annual income, financing packages for first time home buyers include 5% down payment, 4.99% interest rate over 25 year amortization with a monthly payment of $2963. Other incentives are applicable too, such as no property transfer taxes & gov't down payment incentives. Property is next door to a child day care & close to schools. Investors can expect $3000/month in rental income with a +7% gross cap rate on purchase price and with 20% down payment that would be a 36% gross return on cash invested.... Best deal in the Shuswap! (id:27192)

Property Details

MLS® Number 10313032
Property Type Single Family
Neigbourhood SE Salmon Arm
Community Name Buena Vista Lane Townhomes
Features Central Island
ParkingSpaceTotal 3


BathroomTotal 2
BedroomsTotal 3
Appliances Refrigerator, Dishwasher, Range - Electric, Microwave, Washer/dryer Stack-up
ArchitecturalStyle Contemporary
ConstructedDate 2024
ConstructionStyleAttachment Attached
CoolingType Heat Pump, Wall Unit
FlooringType Vinyl
HeatingFuel Electric
HeatingType Forced Air, Heat Pump
RoofMaterial Asphalt Shingle
RoofStyle Unknown
StoriesTotal 3
SizeInterior 1291 Sqft
Type Row / Townhouse
UtilityWater Municipal Water


Attached Garage 2


Acreage No
Sewer Municipal Sewage System
SizeTotalText Under 1 Acre
ZoningType Unknown


Level Type Dimensions
Second Level Bedroom 10' x 9'
Second Level Bedroom 9'2'' x 10'
Second Level 4pc Bathroom 13' x 5'
Second Level Primary Bedroom 9'9'' x 13'
Basement Other 15' x 22'
Basement Foyer 15' x 14'7''
Main Level Laundry Room 3' x 3'
Main Level 3pc Bathroom 8'9'' x 6'2''
Main Level Kitchen 11'8'' x 14'1''
Main Level Dining Room 15' x 7'4''
Main Level Living Room 15' x 12'



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