Property Type: Detached HouseOwnership: Freehold

1120 12 Street NE Unit# 11

Salmon Arm, BC V1E1B8

$659,900

4 bed3 bath3 parking2,060 sqftBuilt 1992
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.1 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$100/mo
Annual property tax
$3,608.57

Interior

Basement
Full
Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View of water, View (panoramic)

Parking

Total spaces
3 — covered indicated
Features
Attached Garage

Restrictions & Policies

Age / occupancy
Seniors-oriented community

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
StorageLower level12'10'' x 25'8''
Full bathroomLower level
DenLower level11'10'' x 12'6''
BedroomLower level11'11'' x 13'
BedroomLower level14'9'' x 8'8''
Laundry roomMain level13'7'' x 7'4''
Full bathroomMain level
BedroomMain level11'1'' x 10'6''
Full ensuite bathroomMain level
Primary BedroomMain level12' x 13'11''
Living roomMain level12'11'' x 15'3''
Dining roomMain level13'5'' x 7'9''
KitchenMain level13'7'' x 10'1''

Listing Information

MLS®
10394827
Listed
July 15, 2026
Time on market
On the market for 47 days
Data last synced
August 28, 2026

Listing provided by: REMAX Shuswap · Data source: CREA DDF.

Description

Enjoy lakeview living in this meticulously maintained level-entry home with a full basement in the sought-after 55+ community of Lakeview Terrace. The bright living room features a cozy gas fireplace and the spacious kitchen features plenty of workspace and storage. The primary bedroom offers a private ensuite, while a second main floor bedroom or den opens directly onto the private back patio—an ideal spot for morning coffee. Main floor laundry adds convenience. Downstairs, you'll find two additional bedrooms, a den, full bathroom, storage, and a cold room. The backyard has a beautiful patio with small plots of raspberries, blueberries, grapes, and strawberries. The strata takes care of the lawn maintenance, making this an ideal lock-and-leave lifestyle. Recent updates include a high-efficiency furnace and central A/C (2021), triple-pane windows (2023), new gutters, screens and downspouts (2025), epoxy-coated garage floor (2025), and a radon mitigation system (2026). Front roll-down blinds help keep the home cool in the summer, while the efficient mechanical systems and upgraded windows contribute to very economical heating and cooling costs. Parking is a standout feature with an attached garage, driveway parking, and an additional designated stall for a total of three parking spaces. Located just minutes from shopping, services, and all the amenities Salmon Arm has to offer, this is a wonderful opportunity to enjoy a low-maintenance lifestyle without giving up privacy. (id:63159)

Values & Trends

This listing

$320/sqft

Building average

No other active listings in this building

NE Salmon Arm average

$397/sqft

66 active listing(s)

Parking: 3 stall(s) includedStorage 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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

2/9 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

SchoolTypeDistance
J.L. Jackson SecondarySecondary627 m
Bastion ElementaryElementary771 m
Salmon Arm SecondarySecondary1.1 km
King's Christian School(Independent)K-121.5 km
South Broadview ElementaryElementary1.5 km
Shuswap Middle SchoolMiddle1.7 km
Salmon Arm StorefrontSecondary1.8 km
Hillcrest ElementaryElementary2.0 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)

  • Yan’s648 m

Parks (1)

  • McGuire Lake Park785 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 6.2% ($40,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$527,920.00
Periodic payment — Principal & Interest (monthly)$3,405.96
Additional monthly expenses (strata, tax, utilities, etc.)$503.71
Total monthly cost$3,909.67
Interest paid over 5-yr term$151,303.39
Balance at end of term$474,865.75

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$40,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,759.20

Cash Needed at Closing

Minimum down payment$40,990
Estimated BC PTT$11,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$53,688

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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