- Active
21 & 61 Shuswap Street
Salmon Arm · Vacant Land
Listed by Coldwell Banker Executives Realty · MLS® 10402704
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign inAbout this home
PRIME DOWNTOWN DEVELOPMENT OPPORTUNITY – SALMON ARM Positioned at the high-visibility corner of the Trans Canada Highway and Shuswap Street, this commercial property offers an exceptional opportunity to bring your development vision to the heart of downtown Salmon Arm. Spanning two separately titled lots with over 11,000 sq ft of land, the site features access from both roads, approximately 15+ dedicated parking spaces, and prominent exposure to vehicle and pedestrian traffic. Its central location places shops, services, restaurants, and the waterfront just steps away. The property is currently leased to an established restaurant, offering rental income while future plans are explored, subject to existing lease terms. Restaurant equipment and furnishings belong to the tenant. For developers and investors seeking a strategic downtown footprint, this offering combines corner exposure, accessibility, and proximity to Salmon Arm’s key amenities.
Home facts
- Property type
- Vacant Land
- Area
- NW Salmon Arm
- Listed
- October 5, 2026
- Structure
- Other
- PID
- 011-047-534
- Common interest
- Freehold
Highlights
- Waterfront
Features and inclusions
- Lot
- Level lot, Corner Site
- Community
- High Traffic Area
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
- Utilities
- Water, Sewer, Electricity, Telephone
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $4,398
- Property tax
- $267/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $4,815
Purchase snapshot
- List price
- $928,000
- Down payment
- $185,600 (20%)
- Estimated mortgage
- $742,400
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $5,012
- At 5.4009 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.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- 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.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 46%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
