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New buildInvestment signal

$659,000

231 20 Street NE Unit# 10

Beds

2

Baths

2

Sqft

Year

2026

About this home

If you have been looking for that upscale development, look no further! This 1400 sqft rancher with large double car garage will not disappoint! The development, Creekside Estates, will consist of 19 homes, 8 duplex style and 3 stand alone homes. The complex is built in a beautiful quiet setting surrounded by loads of green space, a natural creek and pond. This home has 2 bedrooms and 2 bathrooms. Large open concept living, huge gourmet kitchens with massive island with quartz counters, 10 ft. ceilings, extra large windows, large master bedrooms with 5 piece master bathrooms and walk-in closet, large 2 car garage, 4 foot crawl space with stair access, great for easy storage. The price includes, fully finished home, fully landscaped, A/C, quartz counters in kitchen, kitchen appliance package or $5000 credit. This home is scheduled to be completed May 2026. Similar homes are built and ready for viewing or purchase. The developer, Uptown Ventures is well known in Salmon Arm for high standards and quality of work! Don't miss out, call today for all the information. Pictures are from a similar unit in Creekside Estates. (id:65958)

Subtype
Single Family
Architectural style
Bungalow, Ranch
MLS#
10383573
Area
SALMON_ARM
Negative cash flow ~$1,305/mo at these assumptions

Cash on cash

-11.88%

Cap rate

3.51%

GRM

16.6

Break-even rent

$4,674

Financing

Down payment$131,800
Loan amount$527,200
Mortgage$3,234/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$302
Insurance$80
Maintenance$549
CapEx reserve$275
Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,234/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.

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