981 12 Street Se Unit# Prop. 14, Salmon Arm, British Columbia

About 981 12 Street Se Unit# Prop. 14

Brand New Buena Vista Lane Townhomes now under construction with Phase Two being ready for occupancy this Winter 2024. Built to attract first time home buyers &/or rental investors this 1824 SqFt townhome offers 3 finished floor levels, 3 Bedrooms & 3 Bathrooms with a finished basement. Includes all appliances; Fridge, Stove, DW, Micro & W/D, Vacuum and all Blinds. Development contains 10 buildings & this is one of two three-plex buildings. Built in a lane style design with a detached double covered carport directly in front of the unit, private front main level 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. 10 year new home warranty program. Financing OAC* with $125,000 household pre-tax annual income, financing packages for first time home buyers include 5% down payment, 4.99% interest rate over 25 year amortization with a monthly payment of $2963. 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:6289)

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