- Active
5683 97 Highway
Falkland · Single Family
- Beds
- 5
- Baths
- 2
- Sqft
- 3,112
- Built
- 1994
Listed by Royal LePage Downtown Realty · MLS® 10371379
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Sign inAbout this home
Excellent investment property in the quaint community of Falkland offers real versatility for combined live-in residential & business opportunity or rent out both residential suites & commercial spaces for great monthly income. There are currently 2 2 bedroom suites on the upper level rented by long term tenants who would like to stay. The main level consists of 2 commercial spaces (one of which is currently rented) and a 3rd could be had by converting the property owner's 1 bdrm suite back to commercial use. Falkand is a small but growing community just under 1/2 hour to Vernon or 40 min. to Kamloops. This property is within walking distance to local shops & services. Hwy exposure makes for good advertising for small businesses.
Home facts
- Bedrooms
- 5
- Bathrooms
- 2 full
- Interior
- 3,112 sq ft
- Year built
- 1994
- Storeys
- 2
- Property type
- Single Family
- Area
- Salmon Vly / Falkland
- Listed
- December 22, 2025
- Structure
- Fourplex
- PID
- 011-658-720
- Common interest
- Freehold
Features and inclusions
- Heating
- Forced air, See remarks
- Cooling
- Window air conditioner, Wall unit
- Flooring
- Carpeted, Vinyl
- Roof
- Asphalt shingle, Unknown
- Parking
- Other
- Lot
- Irregular lot size
Rooms and building
- Sewer
- Septic tank
- Water
- Municipal water
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
- $2,417
- Property tax
- $150/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,717
Purchase snapshot
- List price
- $510,000
- Down payment
- $102,000 (20%)
- Estimated mortgage
- $408,000
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
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 · 63%
Who lives here
Documents
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