- ©MLS 10325960
- Area 1291 sq ft
- Bedrooms 3
- Bathrooms 2
- Parkings 3
Description
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:48970) Show More
Details
- Constructed Date: 2024
- Property Type: Single Family
- Type: Row / Townhouse
- Architectural Style: Contemporary
- Community: Buena Vista Lane Townhomes
- Neighbourhood: SE Salmon Arm
- Maintenance Fee: 226.00/Monthly
Features
- Central island
- Balcony
- Pets Allowed
- Pet Restrictions
- Refrigerator
- Dishwasher
- Range - Electric
- Microwave
- Washer/Dryer Stack-Up
- Heat Pump
- Wall unit
- Forced air
- Heat Pump
Location
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Data provided by: Okanagan-Mainline Real Estate Board