981 12 Street Se Unit Prop 17, Salmon Arm

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:1945)