Property Type: Detached HouseOwnership: Freehold

2307 5 Avenue SE

Salmon Arm, BC V1E1K9

$1,640,000

4 bed5.5 bath3 parking6,312 sqftBuilt 1999
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.58 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,913.69

Interior

Basement
Full
Heating
Forced air, See remarks, Other
Cooling / A/C
Central air conditioning
Fireplace
Yes (3)
Flooring
Hardwood, Carpeted, Ceramic Tile

Exterior & Lot

Exterior features
Stucco
View
Lake view, Mountain view

Parking

Total spaces
3 — covered indicated
Features
Attached Garage, Additional Parking

Room Dimensions

RoomLevelDimensions
OtherMain level38'10'' x 24'9''
Dining nookMain level8'5'' x 12'3''
FoyerMain level5'5'' x 7'10''
Utility roomBasement8'10'' x 38'5''
OtherBasement5'1'' x 8'10''
Utility roomBasement9'2'' x 10'8''
StorageBasement14'7'' x 19'6''
OtherBasement8'7'' x 13'
OtherAdditional Accommodation13'5'' x 12'5''
KitchenAdditional Accommodation16'11'' x 22'10''
Living roomAdditional Accommodation13'10'' x 23'3''
Full bathroomAdditional Accommodation9'9'' x 8'7''
OtherAdditional Accommodation12'5'' x 15'4''
4pc Ensuite bathBasement9'3'' x 10'8''
BedroomBasement20'9'' x 25'6''
OtherBasement16'10'' x 17'5''
Laundry roomMain level9'1'' x 21'2''
Partial bathroomMain level6'4'' x 8'0''
BedroomMain level13'6'' x 15'5''
4pc Ensuite bathMain level9'8'' x 11'3''
BedroomMain level17'4'' x 19'8''
5pc Ensuite bathMain level11'4'' x 13'11''
Primary BedroomMain level17'4'' x 33'3''
Family roomMain level19'10'' x 21'11''
KitchenMain level17'2'' x 17'4''
Dining roomMain level16'11'' x 11'5''
Living roomMain level17'10'' x 23'6''

Listing Information

MLS®
10390592
Listed
June 18, 2026
Time on market
On the market for 74 days
Data last synced
August 28, 2026

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

Description

Not every home can truly be described as GRAND, this one earns the title. Set on a .58-acre lot with lake and mountain views, this custom-built residence offers over 6,000 sq. ft. of well-designed living space where every room feels comfortable, inviting, and well scaled for everyday living & entertaining. From the soaring 11-foot ceilings, Brazilian H/W flrs, & oversized windows to the spacious covered deck, this home was built to impress while remaining functional. A chef-inspired kitchen features quality appliances, walk-in pantry, island, & seamless flow to the main living/dining areas. Multiple living spaces, including a family rm, games rm w/ beverage bar, and expansive outdoor living areas, make hosting guests effortless. The impressive primary suite is a true retreat, with a 3-sided fireplace, sitting area, deck access, cedar-lined walk-in closets, and a luxurious ensuite w/soaker tub, dbl sinks & walk-in shower. Downstairs offers exceptional flexibility with a fully self-contained suite of approx1,800 sq. ft., ideal for extended family or mortgage helper. The suite can remain part of the main home or be separated. Additional highlights include in-floor heating HRV system, dual A/C units, triple heated garage, RV hookup, extensive parking, mature landscaping, and many custom features. Simply put, this is a home that could not be replicated today for the asking price. A rare offering that must be seen to be appreciated. Virtual tour & Detailed feature sheet available (id:63159)

Values & Trends

This listing

$260/sqft

Building average

No other active listings in this building

SE Salmon Arm average

$432/sqft

42 active listing(s)

Parking: 3 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

22

5/9 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 StorefrontSecondary669 m
J.L. Jackson SecondarySecondary817 m
Hillcrest ElementaryElementary1.3 km
Shuswap Middle SchoolMiddle1.7 km
King's Christian School(Independent)K-121.9 km
Bastion ElementaryElementary2.0 km
South Broadview ElementaryElementary2.1 km
Salmon Arm SecondarySecondary2.4 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+)

  • Jade Buffet625 m
  • White Spot667 m
  • Cantina Vallarta715 m
  • Ambrosia Grill Taverna740 m
  • Wings743 m

Cafes (5+)

  • Java Jive Neighbourhood Bistro · 190A Trans Canada Highway Northeast595 m
  • Tim Hortons681 m
  • Anvil Coffee Collective · 310 Ross Street Northeast727 m
  • Unnamed743 m
  • Blue Canoe Bakery and Cafe777 m

Parks (5+)

  • Fletcher's Park479 m
  • Hero War Memorial509 m
  • Ross Street Plaza715 m
  • McGuire Lake Park757 m
  • Unnamed781 m

Pharmacies (1)

  • Unnamed757 m

Banks & ATMs (3)

  • Bank Of Montreal633 m
  • CIBC715 m
  • SASCU781 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($328,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,312,000.00
Periodic payment — Principal & Interest (monthly)$8,464.58
Additional monthly expenses (strata, tax, utilities, etc.)$1,058.81
Total monthly cost$9,523.39
Interest paid over 5-yr term$376,022.97
Balance at end of term$1,180,148.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$328,000
Stress test qualifying rate8.09%
Payment you must qualify for$10,088.82

Cash Needed at Closing

Minimum down payment$328,000
Estimated BC PTT$30,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$360,300

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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