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981 12 Street Se Unit# Prop. 3 Salmon Arm, British Columbia V1E 2C8

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

$489,000

Maintenance,

$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. 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)

Property Details

MLS® Number 10313005
Property Type Single Family
Neigbourhood SE Salmon Arm
Community Name Buena Vista Lane Townhomes
Community Features Rentals Allowed
Features Central Island
Parking Space Total 3

Building

Bathroom Total 2
Bedrooms Total 3
Appliances Refrigerator, Dishwasher, Range - Electric, Microwave, Washer/dryer Stack-up
Architectural Style Contemporary
Constructed Date 2024
Construction Style Attachment Attached
Cooling Type Heat Pump, Wall Unit
Fireplace Fuel Electric
Fireplace Present Yes
Fireplace Type Unknown
Flooring Type Vinyl
Heating Fuel Electric
Heating Type Forced Air, Heat Pump
Roof Material Asphalt Shingle
Roof Style Unknown
Stories Total 3
Size Interior 1291 Sqft
Type Row / Townhouse
Utility Water Municipal Water

Parking

Attached Garage 2

Land

Acreage No
Sewer Municipal Sewage System
Size Total Text Under 1 Acre
Zoning Type Unknown

Rooms

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'

https://www.realtor.ca/real-estate/26844973/981-12-street-se-unit-prop-3-salmon-arm-se-salmon-arm

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