Sold 05/2024
Prop. 18-981 12 Street Se | $489,000
Nick Harrison Prec* Agent Photo
Nick
Harrison Prec*
P. (250) 832-7051
Phone Nick
RE/MAX SHUSWAP REALTY
#105-650 Trans Canada Hwy
Salmon Arm, BC
Canada V1E 2S6
Sold 05/2024

Details

%
Years (35 year max)
Years



Address Prop. 18 981 12 Street Se
AreaShuswap / Revelstoke
Sub AreaSESA - SE Salmon Arm
State/ProvinceBritish Columbia
CountryCanada
Price$489,000
SoldMay 2024
Property TypeTownhouse
Bedrooms3
Bathrooms2
Half Baths0
Floor Space1824 Square Feet
WaterfrontNo
Year Built2024
Taxes $0
Tax Year2024
MLS® #10313057

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 covered carport, 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!


Listed by HOMELIFE SALMON ARM REALTY.COM


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