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981 12 Street SE Unit# 24
Salmon Arm British Columbia V1E2C8 Canada

$489,000

Active Listing ID 10313014
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3 bed
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1,291 square feet
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2.00 Bath
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Single Family

$489,000

Active Listing ID 10313014
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981 12 Street SE Unit# 24 Brand New Buena Vista Lane Townhomes now under construction with Phase One being ready for occupancy in the Spring of 2025. This is Unit #24 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:203)

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Property Features

  • Facts
  • Property Sub-type: Single Family
  • Features
  • Cooling System: Wall unit, Heat Pump
  • Floor Covering: Vinyl
  • Roof Type: Asphalt shingle, Unknown
  • Heating Systems: Heat Pump, Forced air, Electric
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 10/1/2024 9:10:51 PM GMT
Source Updated Date: 11/23/2024 11:29:21 PM GMT

Courtesy of: Robert McKibbon, , Homelife Salmon Arm Realty.Com