981 12 ST Southeast #24 Active Save Request In-Person Tour Request Virtual Tour
Salmon Arm,BC V1E2C8
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,291 sqft
Price per Sqft $378
Subdivision Se Salmon Arm
MLS Listing ID 10313014
Style Contemporary
Bedrooms 3
Condo Fees $226/mo
Year Built 2024
Property 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 #24 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:24570)
Location
Province BC
Zoning Unknown
Interior
Heating ,Forced air,Heat Pump
Cooling Heat Pump,Wall unit
Flooring Vinyl
Fireplaces Type Unknown
Exterior
Garage Yes
Garage Spaces 1.0
Garage Description 1
Community Features Rentals Allowed
Waterfront No
View Y/N No
Roof Type Unknown
Building
Story 3
Sewer Municipal sewage system