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Royal LePage
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$529,000

981 12 Street SE Unit# 29, Salmon Arm, British Columbia, V1E 2C8

QuickQuoteTM: $519K - $696K
MLS® # 10325960

3 Beds

2 Baths

1291 FEETSQ sqft

MULTIMEDIA

Property Information:

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:27)

Building Features:

  • Style: Townhouse
  • Building Type: Row / Townhouse
  • Air Conditioning: Yes
  • Architectural Style: Contemporary
  • Construction Style - Attachment: Attached
  • Fireplace Fuel: Electric
  • Fireplace Type: Unknown
  • Floor Space: 1291 sqft
  • Flooring Type: Vinyl
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Forced air, Heat Pump
  • Heating Fuel: Electric
  • Cooling Type: Heat Pump, Wall unit
  • Appliances: Refrigerator, Dishwasher, Range - Electric, Microwave

Property Features:

  • OwnershipType: Strata
  • Property Type: Single Family
  • Bedrooms: 3
  • Bathrooms: 2
  • Built in: 2024
  • Community Features: Pets Allowed, Pet Restrictions
  • Features: Central island
  • Floor Space (approx): 1291 Square Feet
  • MaintenanceFee Type: Insurance, Other, See Remarks
  • Zoning Type: Unknown
  • Sewer: Municipal sewage system
  • Parking Type: Attached garage
  • No. of Parking Spaces: 3

Rooms:

  • Bedroom 2nd Level 10' x 9'
  • Bedroom 2nd Level 9'2'' x 10'
  • Bathroom 2nd Level 13' x 5'
  • Primary Bedroom 2nd Level 9'9'' x 13'
  • Other Basement Level 15' x 22'
  • Foyer Basement Level 15' x 14'7''
  • Laundry Main Level 3' x 3'
  • Bathroom Main Level 8'9'' x 6'2''
  • Kitchen Main Level 11'8'' x 14'1''
  • Dining Main Level 15' x 7'4''
  • Living Main Level 15' x 12'

Courtesy of: Homelife Salmon Arm Realty.Com

REALTOR.ca  

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Location of 981 12 Street SE Unit# 29, Salmon Arm, British Columbia, V1E 2C8

Demographic Information of 981 12 Street SE Unit# 29, Salmon Arm, British Columbia, V1E 2C8

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$109,298.28

Average Number of Children

1.78

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.09 %

High school certificate or equivalent

25.11 %

Apprenticeship trade certificate/diploma

10.84 %

College/non-university certificate

25.43 %

University certificate (below bachelor)

0.5 %

University Degree

24.04 %

Commuter

Travel To Work

By Car

86.39 %

By Public Transit

1.87 %

By Walking

7.77 %

By Bicycle

0.0 %

By Other Methods

3.97 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

8.47 %

Houses

91.53 %

Own Vs. Rent

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