981 12 Street SE 29, Salmon Arm home/condo for sale | 10325960

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Brand New Buena Vista Lane Townhomes now under construction with Phase Four being ready for occupancy in the Nov of 2025. This is prime location Unit #29 located in Building H. 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. Low strata fees ($226/month), Financing OAC* with $122,000 household pre-tax annual income, financing packages for first time home buyers include 5% down payment + 5% GST, 4.34% interest rate over 25-year amortization with a monthly payment of $2,847. Other incentives are applicable too, such as no property transfer taxes, GST rebate & 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!

Townhouse located at 981 12 Street SE 29. It has 3.00 beds, 2.00 bathrooms, and is 1291 square feet. The property was built in 2024. 981 12 Street SE 29 is in the Salmon Arm neighborhood. NE Salmon Arm, SE Salmon Arm, and SW Salmon Arm are nearby neighbourhoods.

Agent Contact: Robert McKibbon Phone: +12508330399
Listing Courtesy of: Homelife Salmon Arm Realty.Com
Source: kelowna , MLS#: 10325960

Property Description

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