1091, 1131, 1171 10 Street SW
Salmon Arm, BC V1E1T2
$2,500,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 1.8 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $13,230.19
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view
Listing Information
- MLS®
- 10331716
- Listed
- January 10, 2025
- Time on market
- On the market for 598 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Shuswap · Data source: CREA DDF.
Description
Exceptional investment opportunity in a rapidly growing and highly sought-after area of Salmon Arm. This prime development property is ideally located near the corner of 10th and 10th SW, surrounded by a mix of commercial, medium and high-density residential properties. With a total of 1.8 acres spread across 3 titles, the property is currently zoned R-10 (Residential) but is designated as Commercial City Centre in the Official Community Plan (OCP), offering a wide range of development possibilities. (id:63159)
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
41
6/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Salmon Arm Storefront | Secondary | 981 m |
| J.L. Jackson Secondary | Secondary | 2.2 km |
| Hillcrest Elementary | Elementary | 2.6 km |
| Salmon Arm West Elementary | Elementary | 3.0 km |
| Shuswap Middle School | Middle | 3.3 km |
| Bastion Elementary | Elementary | 3.4 km |
| King's Christian School(Independent) | K-12 | 3.5 km |
| South Broadview Elementary | Elementary | 3.6 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.
Nearby Places
Restaurants (1)
- Mr Mikes · 1035 Lakeshore Drive Southwest745 m
Cafes (1)
- Sweet Leaf Bakery & Cafe · 1151 10 Avenue Southwest302 m
Grocery (1)
- Save on Foods · 1151 10 Avenue Southwest238 m
Parks (1)
- Blackburn Park423 m
Shopping (2)
- Canadian Tire245 m
- Piccadilly Mall256 m
Pharmacies (1)
- Shoppers Drug Mart248 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Shuswap (SD83)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($500,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.