Property Type: Detached HouseOwnership: Freehold

1021 12 Avenue SE

Salmon Arm, BC V1E2C8

$899,000

5 bed3 bath3,096 sqftBuilt 1996
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Property Details

Property & Lot

Sub-type
House
Stories
3
Lot size
0.5 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,875

Interior

Basement
Full
Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
None
Flooring
Laminate, Carpeted, Ceramic Tile

Exterior & Lot

Exterior features
Stucco, Vinyl siding

Building

Roof
Asphalt shingle, Unknown

Parking

Features
RV

Room Dimensions

RoomLevelDimensions
Bedroom - BachelorBasement10' x 26'
OtherBasement14' x 10'
Family roomBasement19' x 14'
Full bathroomBasement8' x 6'
Full bathroomSecond level5' x 9'
BedroomSecond level11' x 11'
BedroomSecond level8' x 14'
Primary BedroomSecond level12'6'' x 13'
BedroomMain level11' x 11'
Full bathroomMain level7'6'' x 9'
Dining roomMain level12' x 9'
BedroomMain level11' x 11'
Living roomMain level14' x 25'
KitchenMain level13' x 13'

Listing Information

MLS®
10382208
Listed
April 7, 2026
Time on market
On the market for 146 days
Data last synced
August 28, 2026

Listing provided by: Homelife Salmon Arm Realty.Com · Data source: CREA DDF.

Description

Beautiful five bedroom family home centrally located in town and on half an acre -24 x 24 SHOP with separate hydro meter and 200 AMP service - Huge parking area for all your toys RV- boat etc--Concrete pad is wired and ready for your hot tub. this home is perfect for a family- Basement level is currently used as an in-law suite - home is equipped with hot water on demand- newer kitchen appliances -new flooring on main- built in vac Have a look--This could be the new home you are looking for !!! (id:63159)

Values & Trends

This listing

$290/sqft

Building average

No other active listings in this building

SE Salmon Arm average

$431/sqft

42 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

13°C

Humidity 91%

Wind S 2 km/h

Tonight

10°

Tuesday

25°

Tuesday night

14°

Wednesday

23°

Wednesday night

12°

Thursday

20°

Source: Environment and Climate Change Canada.

Population

19,432

(2021 Census)

+9.7% since 2016

Density: 125.2/km²

Dwellings: 8,517

Median household income: $75,000

After-tax: $68,000

Immigrant population: 10.2%

Top countries of origin (% of total population)

  • United Kingdom2.4% · 460
  • United States of America1.1% · 210
  • Germany0.9% · 170
  • Netherlands0.7% · 145
  • Philippines0.7% · 140
  • Poland0.3% · 55
  • China0.3% · 55
  • India0.3% · 50

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Hillcrest ElementaryElementary909 m
Salmon Arm StorefrontSecondary998 m
J.L. Jackson SecondarySecondary1.2 km
Shuswap Middle SchoolMiddle1.6 km
King's Christian School(Independent)K-122.0 km
South Broadview ElementaryElementary2.1 km
Bastion ElementaryElementary2.2 km
Salmon Arm SecondarySecondary2.7 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($64,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$719,200.00
Periodic payment — Principal & Interest (monthly)$4,640.03
Additional monthly expenses (strata, tax, utilities, etc.)$561.25
Total monthly cost$5,201.28
Interest paid over 5-yr term$206,124.79
Balance at end of term$646,922.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$64,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,413.94

Cash Needed at Closing

Minimum down payment$64,900
Estimated BC PTT$15,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,380

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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