1291 sqft Single Family Row / Townhouse
981 12 Street SE Unit# Prop. 3, Salmon Arm

$489,000

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. 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:6770)

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  • Price $489,000
  • Age 2024
  • Land Size 0.9 Acres
  • Stories 3
  • Size 1291 sqft
  • Bedrooms 3
  • Bathrooms 2
  • Attached Garage 2 Spaces
  • Cooling Heat Pump, Wall Unit
  • Appliances Refrigerator, Dishwasher, Range - Electric, Microwave, Washer/Dryer Stack-Up
  • Water Municipal water
  • Sewer Municipal sewage system
  • Flooring Vinyl
  • Strata Fees $226.00
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  • Basement

  • Other15' x 22'
  • Foyer15' x 14'7''

  • Main level

  • Laundry room3' x 3'
  • 3pc Bathroom8'9'' x 6'2''
  • Kitchen11'8'' x 14'1''
  • Dining room15' x 7'4''
  • Living room15' x 12'

  • Second level

  • Bedroom10' x 9'
  • Bedroom9'2'' x 10'
  • 4pc Bathroom13' x 5'
  • Primary Bedroom9'9'' x 13'