Brand New Buena Vista Lane Townhomes now under construction with Phase Three being ready for occupancy this Spring 2025. This in Unit #20 located in Building F. 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. Developers incentive offering no strata fees ($226/month) for the first year for first time home buyers. Financing OAC* with $125,000 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 & 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:47421)
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Detailed Information
Bedrooms
3
Bathrooms
2
Community Features
Rentals Allowed
Features
Central island
Listing Contract Date
2024-05-02
Maintenance Fee Payment Frequency
Monthly
Municipal ID
032-183-879
Ownership Type
Strata
# of Parking Spaces
3
Property Type
Single Family
Transaction Type
For sale
Zoning
Unknown
Building
Appliances
Refrigerator, Dishwasher, Range - Electric, Microwave, Washer/Dryer Stack-Up
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