Salmon Arm · V1E4H8
$12,889/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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This 1.22 acre assembly represents current investment revenue for immediate cash flow, coupled with the possibility of future development to high density. Situated in walkable location, in close proximity shopping centers and downtown Salmon Arm. The site currently consists of four lots under four separate titles, featuring a total of 16 rental units organized into four well-maintained fourplexes. These units are occupied by stable, long-term tenants on month-to-month agreements, providing a reliable revenue stream, currently providing an estimated 5.5% Cap Rate. The makeup consists of 15 two bedroom apartments and 1 one bedroom apartment, ranging in size from 450 square feet to 850 square feet. There is 1 two story home with 4 units, two one level with 4 units on crawl spaces and another one level on a full basement. The full basement has a shop space, storage and a shared laundry for the tenants providing another source of revenue. Designated parking and easy access for all tenants. The future potential of the combining of the lots and rezoning to a higher density is part of the Official Community Plan for Salmon Arm and lends itself to many different options to find the right project.
9,400 ft²
Floor area
Multi-family
Type
SE Salmon Arm
Area
Listed
May 5, 2026
$2,995,000 is 190.4% above the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
8 min
walk to No Frills
3h 36m
bike to Orient Chair Top Station
12h
walk to Orient Chair Top Station
12h 38m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 47%
| Detached | 69 | 46.9% |
| Land | 26 | 17.7% |
| Townhouse | 19 | 12.9% |
| Condo / Apartment | 18 | 12.2% |
| Other | 8 | 5.4% |
| Other | 7 | 4.8% |
| $15,000 to $19,999 | 5 | 2.2% |
| $20,000 to $24,999 | 30 | 13.0% |
| $25,000 to $29,999 | 15 | 6.5% |
| $30,000 to $34,999 | 15 | 6.5% |
| $35,000 to $39,999 | 15 | 6.5% |
| $40,000 to $44,999 | 15 | 6.5% |
| $45,000 to $49,999 | 20 | 8.7% |
| $50,000 to $59,999 | 30 | 13.0% |
| $60,000 to $69,999 | 20 | 8.7% |
| $70,000 to $79,999 | 10 | 4.3% |
| $80,000 to $89,999 | 20 | 8.7% |
| $100,000 to $124,999 | 15 | 6.5% |
| $125,000 to $149,999 | 10 | 4.3% |
| $150,000 to $199,999 | 5 | 2.2% |
| $200,000 and over | 5 | 2.2% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$12,889
Principal and interest
Calculated estimate
$11,980
Property tax
Calculated estimate
$758/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$2,590,000
Down payment
Calculated estimate
$518,000 (20%)
Estimated mortgage
Calculated estimate
$2,072,000
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
$12,889
/mo
Rate
%
Amortization
Principal and interest
$11,980
Property tax (est.)
$758
P&I
Tax
Down payment
$518,000 (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 $518,000 down (20%) on $2,590,000, 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.
