Salmon Arm · V1E4N1
$2,995/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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**Bankruptcy Liquidation** This R5-zoned high-density residential lot represents a premier development opportunity in one of British Columbia’s most sought after growth markets. Centrally located with commanding views of Shuswap Lake and the city skyline, the 0.41 acre site is perfectly positioned for a high-impact residential project. The property includes a legacy of previously approved plans for a 3-storey, 22-unit multi-family building, providing a substantial foundation for future permitting. Since the original design, provincial housing legislation and local zoning regulations regarding height and density have become significantly more flexible. Notably, a registered covenant on title permits construction of up to four storeys plus a basement, opening the door to a larger unit count and enhanced project scale that meets the modern demand for attainable urban housing. Situated just moments from the Shuswap Lake General Hospital, local schools, downtown amenities, and the iconic Salmon Arm Wharf, the location is ideal for high-density living. This asset is being offered at a price point that reflects its current market standing, providing an exceptional entry into the Shuswap development market. While new permits and plans are required to align with current codes, the prior approvals and R5 zoning make this one of the most shovel-ready urban sites in Salmon Arm.
Vacant Land
Type
NE Salmon Arm
Area
Listed
March 17, 2026
Nearby & Commute
17 min
walk to Askew's Foods
3h 38m
bike to Orient Chair Top Station
12h 7m
walk to Orient Chair Top Station
12h 41m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 49%
| Detached | 80 | 49.4% |
| Land | 27 | 16.7% |
| Townhouse | 20 | 12.3% |
| Condo / Apartment | 18 | 11.1% |
| Other | 8 | 4.9% |
| Other | 9 | 5.6% |
| $10,000 to $14,999 | 5 | 2.9% |
| $15,000 to $19,999 | 5 | 2.9% |
| $20,000 to $24,999 | 20 | 11.8% |
| $25,000 to $29,999 | 15 | 8.8% |
| $30,000 to $34,999 | 5 | 2.9% |
| $35,000 to $39,999 | 15 | 8.8% |
| $40,000 to $44,999 | 10 | 5.9% |
| $45,000 to $49,999 | 10 | 5.9% |
| $50,000 to $59,999 | 10 | 5.9% |
| $60,000 to $69,999 | 10 | 5.9% |
| $70,000 to $79,999 | 10 | 5.9% |
| $80,000 to $89,999 | 5 | 2.9% |
| $90,000 to $99,999 | 5 | 2.9% |
| $100,000 to $124,999 | 20 | 11.8% |
| $125,000 to $149,999 | 10 | 5.9% |
| $150,000 to $199,999 | 10 | 5.9% |
| $200,000 and over | 5 | 2.9% |
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$2,995
Principal and interest
Calculated estimate
$2,678
Property tax
Calculated estimate
$167/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$579,000
Down payment
Calculated estimate
$115,800 (20%)
Estimated mortgage
Calculated estimate
$463,200
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$2,995
/mo
Rate
%
Amortization
Principal and interest
$2,678
Property tax (est.)
$167
P&I
Tax
Down payment
$115,800 (20%)
Get Pre-Approved
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $115,800 down (20%) on $579,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
At 5.1444 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
