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New buildInvestment signal

$529,000

981 12 Street SE Unit# 37

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Beds

Baths

Sqft

—

Year

2026

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Salmon Arm. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Brand New Buena Vista Lane Townhomes now under construction with Phase Four being ready for occupancy on May 15th of 2026. This is prime location Unit #37 located in Building J. 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, hardiboard 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! See our virtual tour of a completed unit! (id:65958)

Subtype: Single Family
Architectural style: Contemporary
Structure: Row / Townhouse
Community: SE Salmon Arm
Common interest: Condo/Strata
Living area: 1,291 square feet
Parking: 3 total
Condo/HOA fee: $226 monthly
Stories: 3
Fireplace: 1
On market: Feb 17, 2026
Status changed: Apr 21, 2026
Annual tax: $0
Photos: 61
MLS#: 10376043
Area: SALMON_ARM

Features and systems

Parking

Attached Garage

Appliances

RefrigeratorRange - ElectricDishwasherMicrowaveWasher/Dryer Stack-Up

Heating

Heat PumpElectric

Cooling

Wall unitHeat Pump

Flooring

Vinyl

Roof

Asphalt shingleUnknown

Lot

Central islandBalcony

Community

Rentals Allowed

Fee includes

InsuranceOther, See Remarks

Negative cash flow ~$611/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.92%

Cap rate

3.48%

GRM

16.6

Break-even rent

$3,293

Financing

Down payment$105,800

Loan amount$423,200

Mortgage$2,144/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$242

Insurance$80

Maintenance$441

CapEx reserve$220

Vacancy loss$133

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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 $2,144/mo at 4.5% with 20% down, 30-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 21, 2026.