1-38; 981 SE 12 Street

Buena Vista Lane Salmon Arm V1E 2C8

Brand New Buena Vista Lane Townhomes now under construction with Phase One completed & selling Phase 4. Built to attract first time home buyers &/or rental investors these townhomes offer 3 levels, 3 Bedrooms & 2 Bathrooms. Include all appliances; Fridge, Stove, DW, Micro & W/D, Vacuum and all blinds. The development contains 10 buildings & 38 units most with lakeviews. Priced at $529,000 gives you your choice of floorplan & location. Built in a lane style design with attached garage, private side entry, hardi-board exteriors, backyard patio with fences, extra assigned open space parking spot along with plenty of visitor parking too. Low strata fees ($226/month), Financing OAC* with $120,000 household pre-tax annual income, financing packages for first time home buyers include 5% down payment + 5% GST, 4.59% interest rate over 25-year amortization with a monthly payment of $2,698.23. Other incentives are applicable too, such as no property transfer taxes, GST rebate & gov't down payment incentives. Note that all the four-plex buildings along the South property line offer attached garages (see plans) and the two three-plex buildings on the North property line offer carport parking. *OAC: on approved credit with Tekamar Mortgages. 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! See the document link called "BVL Townhomes MLS Numbers" for availability, pricing & unit specific information. Thanks for your interest.