About this home

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, New Furnace and Hot water tank, new toilets, New gutters and drain system, 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

Home facts

Bedrooms: 4
Bathrooms: 2 full
Interior: 2,735 sq ft
Year built: 1920
Storeys: 2
Parking: 3
Property type: Single Family
Basement: Partial
Fireplace: 1
Area: SE Salmon Arm
Listed: April 28, 2025
Structure: House
PID: 012-411-027, 012-411-051
Common interest: Freehold

Highlights

Mountain view
City view
Fireplace

Features and inclusions

Heating: Forced air, See remarks
Flooring: Wood
Roof: Metal, Unknown
Parking: Additional Parking
Lot: Level lot, Treed, Corner Site
Community: High Traffic Area

Rooms and building

Sewer: Municipal sewage system
Water: Municipal water

Listed by B.C. Farm & Ranch Realty Corp. Last updated Nov 5, 2026, 11:40 AM.

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: $3,313
Property tax: $200/mo
Home insurance: $150/mo
Estimated monthly total: $3,663

Purchase snapshot

List price: $699,000
Down payment: $139,800 (20%)
Estimated mortgage: $559,200

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Neighbourhood

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Walk to Askew's Foods6 min

Bike to nearest SkyTrain station1h 57m

Walk to nearest SkyTrain station6h 29m

Drive to downtown Vancouver12h 39m

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Detached · 45%

Homes for sale nearby, by type

Detached60 for sale

Land24 for sale

Condo / Apartment22 for sale

Townhouse15 for sale

Other6 for sale

Mobile home5 for sale

Active listings within 3 km of this home.

Homes built in Salmon Arm, by type

Low-rise apartment80.0% · 300

Single-detached14.7% · 55

Apartment in duplex4.0% · 15

Row house1.3% · 5

Source: Statistics Canada, 2021 Census of Population. 375 dwellings.

Who lives here

Statistics Canada area 59390164 · Salmon Arm

Median age: 56
Renter households: 57%
Average household size: 1.6
Median household income: $43,600

Population (2021): 607
Median rent: $1,000
Owner shelter cost: $512
30%+ of income on shelter: 26%
Owner households: 43%
Households with kids: 16%
Immigrants: 11%
Post-secondary: 44%
Average home value (2021): $376,000

Breakdown

Under $5,0001.3% · 5

$10,000 to $14,9991.3% · 5

$15,000 to $19,9995.3% · 20

$20,000 to $24,99910.5% · 40

$25,000 to $29,9997.9% · 30

$30,000 to $34,9999.2% · 35

$35,000 to $39,9997.9% · 30

$40,000 to $44,9996.6% · 25

$45,000 to $49,9997.9% · 30

$50,000 to $59,99910.5% · 40

$60,000 to $69,9995.3% · 20

$70,000 to $79,9997.9% · 30

$80,000 to $89,9993.9% · 15

$90,000 to $99,9992.6% · 10

$100,000 to $124,9995.3% · 20

$125,000 to $149,9992.6% · 10

$150,000 to $199,9992.6% · 10

$200,000 and over1.3% · 5

Source: Statistics Canada, 2021 Census Profile, dissemination area 59390164.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Building and renovation permitsConfirm that significant work was properly permitted.
Survey or site planReview boundaries, structures, and encroachments.

Availability is not guaranteed. Review documents with a professional.

320 Okanagan Avenue

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