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 July 22, 2025 at 12:45 PM (UTC)
Area Statistics
Listings on market:
82
Avg list price:
$924,900
Min list price:
$169,000
Max list price:
$2,600,000
Avg days on market:
59
Min days on market:
1
Max days on market:
452
Avg price per sq.ft.:
$381
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. This data is not produced by the MLS® system.
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