Property Type: Land / LotOwnership: Freehold

1490 10 Avenue SW Lot# 3

Salmon Arm, BC V1E1T2

$2,390,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
1.72 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Listing Information

MLS®
10371498
Listed
December 23, 2025
Time on market
On the market for 251 days
Data last synced
August 28, 2026

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

Description

Zoned C6 this level 1.7 acres in a high profile location offers a great location and will be fully serviced on to the property. C6 zoning has a wide variety of uses including ground floor commercial with residences on upper levels. Located on 10th Avenue and backing onto green space this prime location offers over 200 feet of road frontage with easy access from both directions, and to TCH. Walkable to Piccadilly Mall, Save-On Foods, Canadian Tire, many other local businesses and parks. Easy access to Trans Canada Highway and an only 2km drive to the downtown core. (id:63159)

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

37

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

SchoolTypeDistance
Salmon Arm StorefrontSecondary1.3 km
Salmon Arm West ElementaryElementary2.5 km
J.L. Jackson SecondarySecondary2.6 km
Hillcrest ElementaryElementary3.0 km
Shuswap Middle SchoolMiddle3.7 km
Bastion ElementaryElementary3.8 km
King's Christian School(Independent)K-123.9 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.

Nearby Places

Restaurants (2)

  • Fisherman Direct631 m
  • Mr Mikes · 1035 Lakeshore Drive Southwest789 m

Cafes (1)

  • Sweet Leaf Bakery & Cafe · 1151 10 Avenue Southwest350 m

Grocery (1)

  • Save on Foods · 1151 10 Avenue Southwest284 m

Parks (1)

  • Blackburn Park767 m

Shopping (2)

  • Piccadilly Mall383 m
  • Canadian Tire453 m

Pharmacies (1)

  • Shoppers Drug Mart316 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($478,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,912,000.00
Periodic payment — Principal & Interest (monthly)$12,335.58
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$12,335.58
Interest paid over 5-yr term$547,984.70
Balance at end of term$1,719,850.18

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$478,000
Stress test qualifying rate8.09%
Payment you must qualify for$14,702.61

Cash Needed at Closing

Minimum down payment$478,000
Estimated BC PTT$49,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$529,200

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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