Property Type: Detached HouseOwnership: Freehold

1260 16 Street NE

Salmon Arm, BC V1E2V1

$649,000

3 bed1 bath2 parking1,600 sqftBuilt 1960
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.43 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,660

Interior

Heating
Forced air, See remarks
Fireplace
None

Exterior & Lot

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

Parking

Total spaces
2 — covered indicated
Features
Detached Garage

Room Dimensions

RoomLevelDimensions
Laundry roomMain level9'5'' x 11'
Full bathroomMain level
BedroomMain level9'5'' x 11'7''
BedroomMain level11'11'' x 12'2''
Primary BedroomMain level12'11'' x 13'6''
Living roomMain level19'1'' x 16'1''
Dining roomMain level11'7'' x 9'11''
KitchenMain level13'8'' x 11'

Listing Information

MLS®
10396903
Listed
August 5, 2026
Time on market
On the market for 26 days
Data last synced
August 28, 2026

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

Description

Tucked into one of NE Salmon Arm's most sought-after neighborhoods, this charming Pan-Abode style home offers a great opportunity to settle into a location that's hard to beat. Just a short walk to schools, shopping, restaurants, the foreshore trail, wharf, and plenty of parks and walking trails, you'll love having everything close by while still enjoying the space of a large 0.43-acre lot. Built in the 1960s, this 3-bedroom, 1-bathroom home has plenty of character and a comfortable, easy-going feel. The bright kitchen has plenty of counter space and opens to the spacious laundry and mudroom that's perfect for busy families, pets, or coming in from the garden. The generous living room provides lots of room to gather, relax, or entertain. Outside, the detached double garage offers great storage and workspace, while the expansive yard leaves plenty of room for vegetable gardens, flower beds, kids to play, or simply enjoying the extra space. A cute covered front porch adds to the home's welcoming curb appeal and is the perfect spot to enjoy your morning coffee. The hot water tank was replaced in 2023 . This home offers a solid starting point for someone looking to add their own touches over time. If you've been searching for a home with character, a fantastic yard, and an unbeatable location close to everything Salmon Arm has to offer, this one is well worth a look. (id:63159)

Values & Trends

This listing

$406/sqft

Building average

No other active listings in this building

NE Salmon Arm average

$396/sqft

66 active listing(s)

Parking: 2 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

16°C

Humidity 84%

Wind SSE 5 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

4

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
Bastion ElementaryElementary666 m
J.L. Jackson SecondarySecondary704 m
Salmon Arm SecondarySecondary1.0 km
King's Christian School(Independent)K-121.4 km
South Broadview ElementaryElementary1.4 km
Shuswap Middle SchoolMiddle1.7 km
Salmon Arm StorefrontSecondary1.9 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’s577 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 6.1% ($39,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$519,200.00
Periodic payment — Principal & Interest (monthly)$3,349.70
Additional monthly expenses (strata, tax, utilities, etc.)$385.00
Total monthly cost$3,734.70
Interest paid over 5-yr term$148,804.21
Balance at end of term$467,022.08

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$39,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,683.77

Cash Needed at Closing

Minimum down payment$39,900
Estimated BC PTT$10,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,380

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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