16 St SE Street SE Unit# 870
Salmon Arm, BC V1E1P7
$349,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.21 acres
- Frontage
- 85 feet
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $1,751.23
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10357017
- Listed
- August 6, 2025
- Time on market
- On the market for 390 days
- Data last synced
- August 28, 2026
Listing provided by: Century 21 Assurance Realty Ltd · Data source: CREA DDF.
Description
Welcome to 870 16 Street SE in beautiful Salmon Arm. This lot offers endless potential for your dream home or investment project. Located in a quiet, family-friendly neighbourhood, this gently sloping lot is ideally situated just minutes from schools, parks, walking trails, and downtown amenities. Enjoy close proximity to the Salmon Arm Golf Club, shopping centres, restaurants, and the stunning shores of Shuswap Lake. With city services nearby and a beautiful view of the lake, this lot offers potential for multi-unit development (buyers are advised to do their own due diligence with the City of Salmon Arm regarding permitted uses and zoning). Don’t miss this incredible opportunity to build in one of BC’s most desirable communities. Services at the property line. (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
| School | Type | Distance |
|---|---|---|
| Hillcrest Elementary | Elementary | 486 m |
| Shuswap Middle School | Middle | 1.1 km |
| J.L. Jackson Secondary | Secondary | 1.1 km |
| Salmon Arm Storefront | Secondary | 1.4 km |
| King's Christian School(Independent) | K-12 | 1.5 km |
| South Broadview Elementary | Elementary | 1.7 km |
| Bastion Elementary | Elementary | 1.9 km |
| Salmon Arm Secondary | Secondary | 2.3 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($17,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.