$489,000

981 12 Street SE Unit# 25

Salmon Arm British Columbia

---

---

General Description

Brand New Buena Vista Lane Townhomes now under construction with Phase One being ready for occupancy in the Spring of 2025. This is Unit #25 located in Building G. 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 + 5% GST, 4.59% interest rate over 25-year amortization with a monthly payment of $2,698.23. 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:56795)

General Information MLS® Number: 10313020 Property Type: Single Family Building Type: Row / Townhouse Ownership: Strata Zone Code: Unknown Year Built: 2024   Layout Bedrooms: 3 Bathrooms: 2 Stories: 3   Finished Floor Area Total: 1291 sqft   Lot & Area Information Features: Central island Irregular Lot? No Acreage? No Community: Rentals Allowed   Parking Parking: Attached Garage / 2 space(s)

Agents Rob McKibbon Rooms Basement Foyer: 15' x 14'7'' Other: 15' x 22'   Main level 3pc Bathroom: 8'9'' x 6'2'' Dining room: 15' x 7'4'' Kitchen: 11'8'' x 14'1'' Laundry room: 3' x 3' Living room: 15' x 12'   Second level 4pc Bathroom: 13' x 5' Bedroom: 9'2'' x 10' Bedroom: 10' x 9' Primary Bedroom: 9'9'' x 13'

Property & Building Features

Fireplace: Unknown Fireplace Fuel: Electric Roof: Asphalt shingle Water: Municipal water Sewage: Municipal sewage system

Appliances: Refrigerator, Dishwasher, Range - Electric, Microwave, Washer/Dryer Stack-Up Heating: Forced air, Heat Pump Fuel: Electric Cooling: Heat Pump, Wall unit Flooring: Vinyl