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:2493)
Data was last updated May 20, 2024 at 09:45 AM (UTC)
Area Statistics
Listings on market:
83
Avg list price:
$969,900
Min list price:
$99,900
Max list price:
$2,700,000
Avg days on market:
27
Min days on market:
3
Max days on market:
223
Avg price per sq.ft.:
$351.41
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.
