981 12 Street SE Unit# 37
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$519,000

981 12 Street SE Unit# 37, Salmon Arm, BC

3-bedroom, 3-bathroom single family at 981 12 Street SE Unit# 37 in Salmon Arm, BC currently offered at $519,000.

Beds
3
Baths
3
Sq Ft
1291
Built
2026

Property Specifications

Water Source
Municipal water
Sewer / Septic
Municipal sewage system
Heating
Heat Pump, Electric
Parking
3 spaces
Ownership Type
Condo/Strata

The Property

STRATA FEE PAID BY DEVELOPER FOR 12 MONTHS! Brand New Buena Vista Lane Townhomes Unit #37 ready for occupancy. 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 & 3 Bathrooms. Includes all appliances; Fridge, Stove, DW, Micro & W/D, Vacuum and all Blinds. Double tandem garage with birch plywood interior. 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), First time buyers 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:63761)
Local Area Context • Salmon Arm

Living in Salmon Arm

The regional hub and service anchor of the Shuswap, providing year-round municipal infrastructure, healthcare, education, and a fully operational small-city economy.

Local Due Diligence & Property Realities

Daily experience varies significantly by neighbourhood. The downtown and harbourfront core offers genuine walkability with local shops and dining, but higher-elevation neighbourhoods like Hillcrest or Raven shift toward vehicle dependency and distinct winter challenges. Because of elevation change, hillside neighbourhoods often receive substantially more snow than lake-level areas. While upland districts offer larger lots and proximity to schools, they require comfort with steep winter commutes and the necessity of private snow clearing on steep driveways. The city's urban boundaries are tightly constrained by protected Agricultural Land Reserve (ALR) farmland, creating a reality where modern subdivisions sit directly adjacent to active agricultural operations. Residents must navigate "Right to Farm" provisions, which prioritize agricultural production — meaning seasonal smells, noise, and dust from farming operations are a practical consideration.

First-party area intelligence by Jeff Ragsdale, REALTOR®Full Salmon Arm Area Guide

Property Gallery

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Interested?

Schedule a private viewing of this Shuswap property.

JR

Jeff Ragsdale

REALTOR®

Royal LePage Access Real Estate

Email JeffCall 250-253-7991

Listing Reference

10376043