Property Type: Land / LotOwnership: Freehold

1220 16 Avenue SE

Salmon Arm, BC V1E2R5

$359,900

Get Directions

Property Details

Property & Lot

Sub-type
Other
Lot size
0.23 acres
Frontage
43 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,323.47

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View (panoramic)

Listing Information

MLS®
10370258
Listed
December 17, 2025
Time on market
On the market for 257 days
Data last synced
August 28, 2026

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

Description

Feel the magic of Salmon Arm's sunsets from your own private vantage point at Sunset Ridge. This 0.23-acre bareland parcel offers a chance to build your dream home against a backdrop of breathtaking lake and mountain views. Imagine evenings spent watching the sun paint the sky, or morning coffee on the deck. With only 3 lots remaining, this opportunity is truly exceptional. Embrace the convenience of Hillcrest's location, with a short walk to schools, and convenient access to be downtown in 3 minutes. (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

7

1/9 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
Hillcrest ElementaryElementary843 m
Salmon Arm StorefrontSecondary1.4 km
Shuswap Middle SchoolMiddle1.7 km
J.L. Jackson SecondarySecondary1.7 km
King's Christian School(Independent)K-122.2 km
South Broadview ElementaryElementary2.3 km
Bastion ElementaryElementary2.6 km
Salmon Arm SecondarySecondary3.0 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

Parks (1)

  • Badger Park405 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$287,920.00
Periodic payment — Principal & Interest (monthly)$1,857.56
Additional monthly expenses (strata, tax, utilities, etc.)$193.62
Total monthly cost$2,051.18
Interest paid over 5-yr term$82,518.70
Balance at end of term$258,984.97

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,629.13

Cash Needed at Closing

Minimum down payment$17,995
Estimated BC PTT$5,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,693

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.

Request more information