Property Type: Land / LotOwnership: Freehold

2311 28 Street

Salmon Arm, BC V1E3C9

$345,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.34 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,197.16

Interior

Fireplace
None

Exterior & Lot

View
City view, Lake view, Mountain view, Valley view, View of water, View (panoramic)

Listing Information

MLS®
10378311
Listed
March 9, 2026
Time on market
On the market for 175 days
Data last synced
August 28, 2026

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

Description

Stunning lake views from this 0.34-acre lot in the highly desirable North Broadview neighborhood. Situated on a quiet street, this property offers unobstructed views of Mt. Ida, Shuswap Lake, and Bastion Mountain. The sloping lot is ideal for a level-entry home with a walkout basement and enjoys excellent sun exposure. Build your dream home here and take advantage of both privacy and breathtaking scenery, or secure the property now and build when you are ready. Conveniently located close to schools, recreation, shopping, and walking & biking trails, and just minutes to downtown Salmon Arm. Enjoy quick access to the boat launch and public beach in Canoe. The combination of location and views is hard to beat. Lot measures approximately 75 ft of frontage by 190 ft deep. (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 SecondarySecondary437 m
Bastion ElementaryElementary828 m
South Broadview ElementaryElementary1.5 km
King's Christian School(Independent)K-121.6 km
J.L. Jackson SecondarySecondary2.0 km
Shuswap Middle SchoolMiddle2.1 km
Hillcrest ElementaryElementary2.9 km
Shuswap SDA(Independent)Elementary/Middle3.0 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: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$276,000.00
Periodic payment — Principal & Interest (monthly)$1,780.66
Additional monthly expenses (strata, tax, utilities, etc.)$183.10
Total monthly cost$1,963.76
Interest paid over 5-yr term$79,102.39
Balance at end of term$248,262.89

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,250
Stress test qualifying rate8.09%
Payment you must qualify for$2,520.28

Cash Needed at Closing

Minimum down payment$17,250
Estimated BC PTT$4,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$23,650

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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