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981 12 Street SE Unit# 32, Salmon Arm

MLS® #10376029
About this Property

Brand New Buena Vista Lane Townhomes now under construction with Phase Four being ready for occupancy on April 30th of 2026. This is prime location Unit #32 located in Building I. This unit has a flex room installed in the back of the garage with a half bathroom. This can be removed for an added parking spot or more garage space. 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, hardiboard 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 may apply. 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! See our virtual tour of a completed unit! (id:62865)

Property Information

Status

Active

Year Built

2026

Property Type

Row / Townhouse

Ownership

Condo/Strata

Parking Spaces

2

Parcel Number

032-183-879

Data Source

Association of Interior REALTORS®

Interior Details

Bedrooms

3

Bathrooms

2

Living Area

1291 square feet

Architectural Style

Contemporary

Flooring

Vinyl

Fireplace Features

ElectricUnknown

Appliances

RefrigeratorRange - ElectricDishwasherMicrowaveWasher/Dryer Stack-Up
Exterior & Lot

Fencing

Fence

Lot Features

Central islandBalcony

Community Features

Rentals Allowed
Building & Utilities

Roof

Asphalt shingle,Unknown

Heating

Heat Pump, Electric

Cooling

Wall unit, Heat Pump

Water Source

Municipal water

Sewer

Municipal sewage system

$529,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
3Beds
2Baths
1291sqft
Association Details

Association Fee

$226 Monthly

Fee Includes

InsuranceOtherSee Remarks
Listing Courtesy of

Office

Homelife Salmon Arm Realty.Com

Mortgage Calculator
$105,800

Loan Amount:

$423,200

Estimated Monthly Payment:

$2,062

This is an estimate for informational purposes only. Consult with a financial advisor.