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981 12 Street SE Unit# 29, Salmon Arm
2024-10-10
Quick Summary
MLS®#10325960
Property Description
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! (id:32467)
Property Features
Building
- Appliances: Refrigerator, Dishwasher, Range - Electric, Microwave, Washer/Dryer Stack-Up
- Architectural Style: Contemporary
- Construction Style: Attached
- Cooling Type: Heat Pump, Wall unit
- Fireplace: Yes
- Flooring Type: Vinyl
- Interior Size: 1291 sqft
- Building Type: Row / Townhouse
- Stories: 3
- Utility Water: Municipal water
Features
- Feature: Central island, Balcony
Land
- Land Size: under 1 acre
- Sewer: Municipal sewage system
Maintenance Fee
- Maintenance Fee: 226.00
Ownership
- Type: Strata
Information entered by Homelife Salmon Arm Realty.Com
Listing information last updated on: 2025-11-12 20:12:57
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
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