Salmon Arm · V1E4N3
$2,695/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Affordable investment opportunity – Two storey high profile building located in Salmon Arm’s downtown core. Offering a 1,250 square foot retail area on the main floor and an upper level 1,200 square foot residential apartment. Classy main floor retail with approximately 22’ of street frontage display windows, currently set up as a spa with reception area, 3 treatment rooms, kitchenette/laundry and bathroom. Super cute and roomy upper level 2 bedroom residential apartment with good tenants in place. Located in the heart of the downtown core in an area of trendy stores, restaurants and professional offices, a prime location for drive by and walking traffic. This building makes a great place to own as an investment or if you are looking to live in the downtown area.
2,450 ft²
Floor area
1955
Year built
Other
Type
NE Salmon Arm
Area
Listed
April 21, 2026
$539,900 is 47.7% below the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
4 min
walk to Askew's Foods
3h 36m
bike to Orient Chair Top Station
11h 59m
walk to Orient Chair Top Station
12h 39m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 48%
| Detached | 74 | 48.1% |
| Land | 28 | 18.2% |
| Townhouse | 19 | 12.3% |
| Condo / Apartment | 18 | 11.7% |
| Other | 8 | 5.2% |
| Other | 7 | 4.5% |
| $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% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$2,695
Principal and interest
Calculated estimate
$2,395
Property tax
Calculated estimate
$150/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$517,700
Down payment
Calculated estimate
$103,540 (20%)
Estimated mortgage
Calculated estimate
$414,160
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
$2,695
/mo
Rate
%
Amortization
Principal and interest
$2,395
Property tax (est.)
$150
P&I
Tax
Down payment
$103,540 (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 $103,540 down (20%) on $517,700, 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.
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.
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.
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.
