Property Type: Detached HouseOwnership: Freehold

1201 20 Avenue SW

Salmon Arm, BC V1E1L6

$1,595,000

3 bed3.5 bath4 parking3,306 sqftBuilt 2021
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.29 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,109.83

Interior

Heating
See remarks, Hot Water, Other
Cooling / A/C
Central air conditioning
Fireplace
Yes (2)
Fireplace type
Gas, Unknown
Flooring
Hardwood

Building

Foundation
Insulated Concrete Forms
Roof
Asphalt shingle, Unknown

Parking

Total spaces
4 — covered indicated
Features
Attached Garage, Detached Garage, RV, Oversize

Room Dimensions

RoomLevelDimensions
StorageLower level6'4'' x 10'9''
Utility roomLower level14'6'' x 11'5''
WorkshopLower level10'5'' x 15'
Full bathroomLower level7' x 9'2''
BedroomLower level10'8'' x 11'11''
BedroomLower level10'8'' x 11'11''
Family roomLower level18'6'' x 26'7''
Laundry roomMain level8'4'' x 9'1''
2pc BathroomMain level3'4'' x 7'7''
DenMain level10'11'' x 11'1''
OtherMain level7'1'' x 10'3''
5pc Ensuite bathMain level8'1'' x 11'1''
Primary BedroomMain level11'11'' x 15'7''
PantryMain level4'5'' x 10'4''
Living roomMain level14'2'' x 19'
Dining roomMain level11'8'' x 10'9''
KitchenMain level11' x 14'8''
FoyerMain level8'4'' x 17'10''

Listing Information

MLS®
10389411
Listed
June 8, 2026
Time on market
On the market for 84 days
Data last synced
August 28, 2026

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

Description

This 5 year old custom-crafted modern home perfectly balances high-end luxury with everyday functionality. The main floor welcomes you with an airy, open-concept design anchored by soaring ceilings, expansive windows, and engineered white oak flooring. At its heart is a chef’s kitchen complete with premium quartz countertops, custom wood cabinetry, a gas range, a generous island, a bar fridge, and a walk-in pantry, all flowing seamlessly into the living area warmed by a sleek gas F/P. The primary suite serves as a private sanctuary, featuring an oversized closet and a spa-inspired ensuite equipped with a double-sink vanity, a soaking tub, and a custom walk-in shower. Downstairs, the fully finished lower level expands your living space with a massive family room, two additional bedrooms, a full bath, a dedicated workshop along with an abundance of storage. Comfort is guaranteed year-round via a five-zone in-floor heating system, HRV, and a backup forced-air furnace. Step outside to a private, professionally landscaped and irrigated oasis, featuring an expansive covered deck and patio, a cozy fire pit, and a premium private hot tub. Car enthusiasts and hobbyists will love the oversized 35' double garage with EV charger, alongside a spectacular 40' x 20' detached shop w/ 14' overhead door, perfect for RV or a workshop. Low maintenance lot, long concrete driveway, all within minutes to town. If this catches your attention, be sure to view the 360 tour and book an appt to view. (id:63159)

Values & Trends

This listing

$482/sqft

Building average

No other active listings in this building

SW Salmon Arm average

$449/sqft

14 active listing(s)

Parking: 4 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.

Nearby Schools

SchoolTypeDistance
Salmon Arm StorefrontSecondary1.5 km
J.L. Jackson SecondarySecondary2.8 km
Hillcrest ElementaryElementary2.8 km
Salmon Arm West ElementaryElementary3.0 km
Shuswap Middle SchoolMiddle3.6 km
King's Christian School(Independent)K-123.9 km
Bastion ElementaryElementary4.0 km
South Broadview ElementaryElementary4.0 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.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($319,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,276,000.00
Periodic payment — Principal & Interest (monthly)$8,232.32
Additional monthly expenses (strata, tax, utilities, etc.)$757.49
Total monthly cost$8,989.80
Interest paid over 5-yr term$365,705.27
Balance at end of term$1,147,766.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$319,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,811.99

Cash Needed at Closing

Minimum down payment$319,000
Estimated BC PTT$29,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$350,400

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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