981 12 Street SE Unit# 37
Salmon Arm, BC V1E2C8
$529,000
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 3
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Strata
- Strata / maintenance fee
- $226/mo
- Annual property tax
- $0
Maintenance Fee Includes
Also included: Insurance, Other, See Remarks
Interior
- Heating
- Heat Pump, Electric
- Cooling / A/C
- Wall unit, Heat Pump
- Fireplace
- Yes (1)
- Fireplace type
- Electric, Unknown
- Flooring
- Vinyl
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 3 — covered indicated
- Features
- Attached Garage
Restrictions & Policies
- Rentals
- Allowed
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Basement | — |
| Other | Basement | 22' x 15' |
| Foyer | Basement | 14'7'' x 15' |
| Bedroom | Second level | 9' x 10' |
| Bedroom | Second level | 10' x 9'2'' |
| 4pc Bathroom | Second level | 5' x 13' |
| Primary Bedroom | Second level | 13' x 9'9'' |
| Laundry room | Main level | 3' x 3' |
| 3pc Bathroom | Main level | 6'2'' x 8'9'' |
| Kitchen | Main level | 14'1'' x 11'8'' |
| Dining room | Main level | 7'4'' x 15' |
| Living room | Main level | 12' x 15' |
Listing Information
- MLS®
- 10376043
- Listed
- February 17, 2026
- Time on market
- On the market for 195 days
- Data last synced
- August 28, 2026
Listing provided by: Homelife Salmon Arm Realty.Com · Data source: CREA DDF.
Description
Brand New Buena Vista Lane Townhomes now under construction with 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:63159)
Values & Trends
This listing
$410/sqft
Building average
—
No other active listings in this building
SE Salmon Arm average
$320/sqft
5 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
13°C
—
Humidity 91%
Wind S 2 km/h
Tonight
10°
Tuesday
25°
Tuesday night
14°
Wednesday
23°
Wednesday night
12°
Thursday
20°
Source: Environment and Climate Change Canada.
Population
19,432
(2021 Census)
+9.7% since 2016
Density: 125.2/km²
Dwellings: 8,517
Median household income: $75,000
After-tax: $68,000
Immigrant population: 10.2%
Top countries of origin (% of total population)
- United Kingdom2.4% · 460
- United States of America1.1% · 210
- Germany0.9% · 170
- Netherlands0.7% · 145
- Philippines0.7% · 140
- Poland0.3% · 55
- China0.3% · 55
- India0.3% · 50
Source: Statistics Canada, 2021 Census of Population.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Hillcrest Elementary | Elementary | 934 m |
| Salmon Arm Storefront | Secondary | 961 m |
| J.L. Jackson Secondary | Secondary | 1.2 km |
| Shuswap Middle School | Middle | 1.6 km |
| King's Christian School(Independent) | K-12 | 1.9 km |
| South Broadview Elementary | Elementary | 2.1 km |
| Bastion Elementary | Elementary | 2.2 km |
| Salmon Arm Secondary | Secondary | 2.6 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
School district: Okanagan-Shuswap (SD83)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.3% ($27,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.