Salmon Arm · V1E3H6
$3,583/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Developers R-10 zoning, potential for main level commercial with 5 levels of residential above, listing has 2 legal lots for a total of .23 acres 2500+ sq.ft home with 2 bedrooms on the main floor and a two bedroom non-conforming suite above, useable basement for storage or rec room, home has gas fireplace, some wood floors, big bright windows, unique design, workshop area, large treed yard, Close to City Center. Lake and mtn views on upper floors. Potential for commercial, high density residential. Corner lots, short walk to downtown. Great investment property and rental income while you wait to develop. main level rented for $2400 a month plus utilities and the upstairs is still at the reduced rent to a friend for $1000+ utilities but has been as high as $1500 a month
4
Beds
2,735 ft²
Floor area
1920
Year built
Single Family
Type
SE Salmon Arm
Area
Listed
April 28, 2025
$699,000 is 57.6% below the Lower Mainland Single Family HPI benchmark of $1,647,000 (2026-04-01).
Nearby & Commute
6 min
walk to Askew's Foods
3h 37m
bike to Orient Chair Top Station
12h 1m
walk to Orient Chair Top Station
12h 39m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 48%
| Detached | 75 | 48.4% |
| Land | 28 | 18.1% |
| Townhouse | 19 | 12.3% |
| Condo / Apartment | 18 | 11.6% |
| Other | 8 | 5.2% |
| Other | 7 | 4.5% |
| Under $5,000 | 5 | 1.3% |
| $10,000 to $14,999 | 5 | 1.3% |
| $15,000 to $19,999 | 20 | 5.3% |
| $20,000 to $24,999 | 40 | 10.5% |
| $25,000 to $29,999 | 30 | 7.9% |
| $30,000 to $34,999 | 35 | 9.2% |
| $35,000 to $39,999 | 30 | 7.9% |
| $40,000 to $44,999 | 25 | 6.6% |
| $45,000 to $49,999 | 30 | 7.9% |
| $50,000 to $59,999 | 40 | 10.5% |
| $60,000 to $69,999 | 20 | 5.3% |
| $70,000 to $79,999 | 30 | 7.9% |
| $80,000 to $89,999 | 15 | 3.9% |
| $90,000 to $99,999 | 10 | 2.6% |
| $100,000 to $124,999 | 20 | 5.3% |
| $125,000 to $149,999 | 10 | 2.6% |
| $150,000 to $199,999 | 10 | 2.6% |
| $200,000 and over | 5 | 1.3% |
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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
$3,583
Principal and interest
Calculated estimate
$3,233
Property tax
Calculated estimate
$200/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$699,000
Down payment
Calculated estimate
$139,800 (20%)
Estimated mortgage
Calculated estimate
$559,200
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
$3,583
/mo
Rate
%
Amortization
Principal and interest
$3,233
Property tax (est.)
$200
P&I
Tax
Down payment
$139,800 (20%)
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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 $139,800 down (20%) on $699,000, 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.
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.
