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:2493)
Property Type:
Single Family
Common Interest:
Condo/Strata
Property Attached:
Yes
Total Living Area:
1,291 sq. ft.120 m2
Zoning:
Unknown
Association Fee:
226.0
Association Fee Frequency:
Monthly
Association Fee Includes:
Ground Maintenance, Insurance, Other, See Remarks
Taxes:
$0 /
-
Community:
SE Salmon Arm
Community Features:
Pets Allowed, Pet Restrictions
Structure Type:
Row / Townhouse
Appliances Included:
Refrigerator, Range - Electric, Dishwasher, Microwave, Washer/Dryer Stack-Up
Data was last updated April 25, 2025 at 02:15 PM (UTC)
Area Statistics
Listings on market:
69
Avg list price:
$489,900
Min list price:
$179,000
Max list price:
$2,500,000
Avg days on market:
228
Min days on market:
1
Max days on market:
364
Avg price per sq.ft.:
$344.03
These statistics are generated based on the current listing's property type
and located in
SE Salmon Arm. Average values are
derived using median calculations.
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