BC > Salmon Arm > Se Salmon Arm
Salmon Arm, BC V1E2C8,981 12 ST Southeast #25
Salmon Arm, BC V1E2C8,981 12 ST Southeast #25
Salmon Arm, BC V1E2C8,981 12 ST Southeast #25
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$489,000
Est. payment /mo
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3 BD
2 BA
1,291 SqFt
Active

981 12 ST Southeast #25 Salmon Arm, BC V1E2C8

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First Fully Rewarding Licensed Brokerage | Proudly Canadian

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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 10313020

Style Contemporary

Bedrooms 3

Condo Fees $226/mo

Originating Board Association of Interior REALTORS®

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 #25 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

Rooms

Extra Room 1 Second level 10' x 9' Bedroom

Extra Room 2 Second level 9'2'' x 10' Bedroom

Extra Room 3 Second level 13' x 5' 4pc Bathroom

Extra Room 4 Second level 9'9'' x 13' Primary Bedroom

Extra Room 5 Basement 15' x 22' Other

Extra Room 6 Basement 15' x 14'7'' Foyer

Interior

Heating , Forced air, Heat Pump

Cooling Heat Pump, Wall unit

Flooring Vinyl

Fireplaces Type Unknown

Exterior

Parking Features Yes

Garage Spaces 2.0

Garage Description 2

Community Features Rentals Allowed

View Y/N No

Roof Type Unknown

Total Parking Spaces 3

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Architectural Style Contemporary

Others

Ownership Strata

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981 12 ST Southeast #25