Property Type: Condo / ApartmentOwnership: Strata

160 5th Avenue SW Unit# 301

Salmon Arm, BC V1E1R4

$299,900

2 bed2.5 bath1 parking980 sqftBuilt 1995
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$475/mo
Annual property tax
$1,748

Maintenance Fee Includes

WaterGarbageHeat

Also included: Ground Maintenance, Insurance, Other, See Remarks, Reserve Fund Contributions, Sewer

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
Wall unit
Fireplace
Yes (1)
Fireplace type
Gas, Unknown

Exterior & Lot

Exterior features
Stucco
View
Mountain view

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Covered

Room Dimensions

RoomLevelDimensions
Laundry roomMain level5'0'' x 7'9''
BedroomMain level9'4'' x 11'0''
3pc Ensuite bathMain level7'8'' x 5'9''
Primary BedroomMain level15'10'' x 10'1''
4pc BathroomMain level8'2'' x 4'11''
Living roomMain level10'7'' x 16'2''
Dining roomMain level10'7'' x 6'11''
KitchenMain level9'2'' x 9'4''

Listing Information

MLS®
10385488
Listed
May 5, 2026
Time on market
On the market for 118 days
Data last synced
August 28, 2026

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

Description

EASY LIVING!!! Bright & cheery nicely painted 2-bedroom, 2 bath apartment in the complex ""The Okanagan"". Enjoy the scenic views that include both mountain & distant lake views. Home is well cared for & boasts 980 sq. ft., Primary bedroom with ensuite & walk-in closet, nice sized guest bedroom, second full bath, spacious separate laundry room & open concept kitchen/dining & living room with gas fireplace. Kitchen features lots of cabinets & newer dishwasher. Great covered balcony to enjoy the views & relax on in the warm weather. Hop on the elevator & your new home is conveniently located just off the elevator. Covered parking & large storage locker. Centrally located within walking distance to malls, shopping & restaurants. Pet friendly building & no age restrictions. Perfect for retirement or first time home buyer's. NOTE: Pictures are from October 2024 when the SELLER occupied the home - now the home has TENANTS. (id:63159)

Values & Trends

This listing

$306/sqft

Building average

No other active listings in this building

SW Salmon Arm average

$367/sqft

7 active listing(s)

Parking: 1 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

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

44

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 StorefrontSecondary82 m
J.L. Jackson SecondarySecondary1.3 km
Hillcrest ElementaryElementary1.9 km
Shuswap Middle SchoolMiddle2.5 km
Bastion ElementaryElementary2.5 km
King's Christian School(Independent)K-122.6 km
South Broadview ElementaryElementary2.8 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

Restaurants (5+)

  • Namaste324 m
  • Wings445 m
  • Boston Pizza449 m
  • Jade Buffet496 m
  • White Spot520 m

Cafes (5+)

  • Blue Canoe Bakery and Cafe508 m
  • Unnamed590 m
  • Java Jive Neighbourhood Bistro · 190A Trans Canada Highway Northeast593 m
  • Night Cafe · 160 Lakeshore Drive Northeast691 m
  • Anvil Coffee Collective · 310 Ross Street Northeast786 m

Grocery (2)

  • No Frills409 m
  • Askew's Foods745 m

Parks (5+)

  • Unnamed164 m
  • Blackburn Park499 m
  • Hero War Memorial589 m
  • Fletcher's Park679 m
  • Ross Street Plaza740 m

Shopping (3)

  • Centenoka Park Mall · 360 Trans-Canada Highway361 m
  • Hudson's Bay451 m
  • Shuswap Park Mall763 m

Banks & ATMs (3)

  • HoneyBadger Bitcoin ATM374 m
  • Bank Of Montreal652 m
  • CIBC701 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($14,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$239,920.00
Periodic payment — Principal & Interest (monthly)$1,547.88
Additional monthly expenses (strata, tax, utilities, etc.)$670.15
Total monthly cost$2,218.03
Interest paid over 5-yr term$68,761.76
Balance at end of term$215,808.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$14,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,190.82

Cash Needed at Closing

Minimum down payment$14,995
Estimated BC PTT$3,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$20,493

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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