Active

$519,000

981 12 Street SE Unit# 5, Salmon Arm, BC

3-bedroom, 2-bathroom single family at 981 12 Street SE Unit# 5 in Salmon Arm, BC currently offered at $519,000.

Beds: 3
Baths: 2
Sq Ft: 1336
Built: 2026

Property Specifications

Water Source: Municipal water
Sewer / Septic: Municipal sewage system
Heating: Heat Pump, Electric
Parking: 2 spaces
Ownership Type: Condo/Strata

The Property

STRATA FEE PAID BY DEVELOPER FOR 12 MONTHS! Brand New Buena Vista Lane Townhomes Unit #5 ready for occupancy. Final phase now completed and all construction crews are gone! Built to attract first time home buyers &/or rental investors this 1336 SqFt townhome offers 3 levels, 3Bedrooms & 2 Bathrooms. Includes all appliances; Fridge, Stove, DW, Micro & W/D, Vacuum and all Blinds. Garage with birchplywood interior. Development contains 10 buildings all completed now. Built in a lane style design with an attached garage, private side entry into large flex room foyer, hardiboard exteriors, fenced private backyard, 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 onpurchase price and with 20% down payment that would be a 36% gross return on cash invested.... Best deal in the Shuswap! See our virtualtour & floor plans. Available for showings 7 days/week; Call today. (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