161 Shuswap Street SW
Salmon Arm, BC V1E4N2
$1,800,000
Property Details
Property & Lot
- Sub-type
- Other
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $0
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10386020
- Listed
- May 5, 2026
- Time on market
- On the market for 118 days
- Data last synced
- August 28, 2026
Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.
Description
This price includes 3 adjoining separate properties with houses on them. A rare opportunity in this prime location right in the downtown core of Salmon Arm offers great opportunity for future development! Currently zoned R-1 (single family residential|), however in the OCP for future possible rezoning. Lane and street access only steps away from amenities. Call realtor for details. (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 |
|---|---|---|
| Lakeside School Kelowna(Independent) | Elementary | 1.3 km |
| Anne McClymont Elementary | Elementary | 1.8 km |
| Okanagan Mission Secondary | Elementary | 2.2 km |
| Dorothea Walker Elementary | Elementary | 2.4 km |
| Bellevue Creek Elementary | Elementary | 2.7 km |
| de l'Anse-au-sable | K-12 | 2.8 km |
| Chute Lake Elementary | Elementary | 2.9 km |
| Canyon Falls Middle School | Middle | 4.0 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.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($360,000) — 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.