981 12 Street SE Unit# 37, Salmon Arm
Brand New Buena Vista Lane Townhomes now under construction with Phase Four being ready for occupancy on May 15th of 2026. This is prime location Unit #37 located in Building J. 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. 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)
Status
Active
Year Built
2026
Property Type
Row / Townhouse
Ownership
Condo/Strata
Parking Spaces
3
Parcel Number
032-183-879
Data Source
Association of Interior REALTORS®
Bedrooms
3
Bathrooms
2
Living Area
1291 square feet
Architectural Style
Contemporary
Flooring
Fireplace Features
Appliances
Lot Features
Community Features
Roof
Asphalt shingle,Unknown
Heating
Heat Pump, Electric
Cooling
Wall unit, Heat Pump
Water Source
Municipal water
Sewer
Municipal sewage system
$529,000
Association Fee
$226 Monthly
Fee Includes
Office
Homelife Salmon Arm Realty.Com
Loan Amount:
$423,200
Estimated Monthly Payment:
$2,062
This is an estimate for informational purposes only. Consult with a financial advisor.
Similar Listings

$529,000
981 12 Street SE Unit# 32
Salmon Arm
Row / Townhouse

$529,000
981 12 Street SE Unit# 36
Salmon Arm
Row / Townhouse

$549,000
4420 14 Street NE
Salmon Arm
Row / Townhouse

$549,900
1910 11 Avenue NE Unit# 3
Salmon Arm
Row / Townhouse