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580 Shuswap Street
Salmon Arm · Vacant Land
Listed by Century 21 Assurance Realty Ltd · MLS® 10397009
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Sign inAbout this home
Outstanding 0.904-acre R-5 High Density Multi-Family development site offering a rare opportunity for builders and investors seeking a well-priced project-ready property within the Columbia Shuswap Regional District (CSRD). Zoning approval has been granted based on several potential development configurations, including high-density condominiums, row housing, townhomes, or a mixed-form residential project, allowing flexibility in design and product mix. Preliminary planning and zoning work has already been completed to secure the R-5 designation, positioning the property for advancement through the Development Permit stage and toward construction. The Official Community Plan supports densities of up to 80.94 units per acre, providing strong development potential on the site. Strategically located within walking distance to the area’s primary commercial corridor, the property benefits from nearby retail amenities, transportation routes, professional services, schools, parks, and playgrounds, supporting a walkable and highly desirable residential environment. A compelling high-density development opportunity offered at an attractive price point, ideal for developers seeking scale and flexibility in a growing community. House has a month to month tenancy @ $1500.00 per mo. 24 hr notice for showing. All inquiries through the Listing Agent. Partial VTB available. All information and measurements deemed approximate only and should be verified by the Buyer(s) agent(s).
Home facts
- Property type
- Vacant Land
- Area
- SE Salmon Arm
- Listed
- August 7, 2026
- Structure
- Other
- PID
- 032-640-820
- Common interest
- Freehold
Features and inclusions
- Lot
- Level lot
- Community
- Family Oriented
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
- Utilities
- Natural Gas, Electricity, Cable
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
- $8,982
- Property tax
- $550/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $9,682
Purchase snapshot
- List price
- $1,895,000
- Down payment
- $379,000 (20%)
- Estimated mortgage
- $1,516,000
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
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $10,235
- 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.