Property Type: Land / LotOwnership: Freehold

1500 60 Street SW

Salmon Arm, BC V1E3B3

$649,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
10 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,354.24

Interior

Fireplace
None

Listing Information

MLS®
10381656
Listed
April 3, 2026
Time on market
On the market for 150 days
Data last synced
August 28, 2026

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

Description

This 10 acre treed and vacant property has an amazing panoramic view of City, lake and mountains and fair bit of useable land. Offering an in town location in an area of nice homes, with southern exposure, this acreage has a newly drilled well and would make a great spot to build a home. If you are looking to build a home on a property that offers privacy, a good location, easy access to sled trails, horse back and walking trails, with amazing views this may be just what you have been looking for. (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.

Nearby Schools

SchoolTypeDistance
Salmon Arm West ElementaryElementary1.0 km
Salmon Arm StorefrontSecondary4.8 km
J.L. Jackson SecondarySecondary6.0 km
Hillcrest ElementaryElementary6.5 km
Bastion ElementaryElementary7.1 km
Shuswap Middle SchoolMiddle7.2 km
King's Christian School(Independent)K-127.4 km
Salmon Arm SecondarySecondary7.5 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: 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.)$196.19
Total monthly cost$3,545.89
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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