Prop. 11 981 12 Street Southeast, Salmon Arm
MLS® 10313032
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:15474)
Property Details
- Full Address:
- Prop. 11 981 12 Street Southeast, Salmon Arm, British Columbia
- Price:
- $ 489,000
- MLS Number:
- 10313032
- List Date:
- May 3rd, 2024
- Year Built:
- 2024
Interior Features
- Bedrooms:
- 3
- Bathrooms:
- 2
- Appliances:
- Refrigerator, Range - Electric, Dishwasher, Microwave, Washer/Dryer Stack-Up
- Flooring:
- Vinyl
- Air Conditioning:
- Wall unit, Heat Pump
- Heating:
- Heat Pump, Forced air, Electric
- Fireplaces:
- 1
- Fireplace Type:
- Electric, Unknown
Building Features
- Architectural Style:
- Contemporary
- Storeys:
- 3
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Roof:
- Asphalt shingle, Unknown
- Zoning:
- Unknown
- Garage:
- Attached Garage
- Garage Spaces:
- 3
- Ownership Type:
- Condo/Strata
- Stata Fees:
- $ 226
Floors
- Finished Area:
- 1291 sq.ft.
Land
Neighbourhood Features
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