2370 Lakeshore Road NE
Salmon Arm, BC V1E3X9
$587,500
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 3
- Lot size
- 1.02 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,490
Interior
- Basement
- Partial
- Heating
- Forced air
- Fireplace
- None
- Flooring
- Tile, Laminate, Wood
- Appliances
- Refrigerator, Range - Electric, Dishwasher, Washer & Dryer
Exterior & Lot
- Exterior features
- Wood, Stucco
Building
- Roof
- Asphalt shingle, Unknown
- Water source
- Municipal water
- Sewer
- Municipal sewage system
- Parcel ID (PID)
- 011-630-183
Parking
- Total spaces
- 2 — covered indicated
- Features
- Detached Garage, Oversize, See Remarks
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Workshop | Main level | 23'10'' x 29'8'' |
| Bedroom | Second level | 9'8'' x 14'6'' |
| Primary Bedroom | Second level | 11'6'' x 12'7'' |
| Storage | Main level | 6'4'' x 6'9'' |
| Full bathroom | Main level | 7'5'' x 9'3'' |
| Laundry room | Main level | 6'4'' x 17'6'' |
| Dining room | Main level | 5'6'' x 14'0'' |
| Kitchen | Main level | 7'9'' x 14'0'' |
| Living room | Main level | 12'10'' x 21'2'' |
Listing Information
- MLS®
- 10388496
- Listed
- May 22, 2026
- Time on market
- On the market for 101 days
- Data last synced
- August 31, 2026
Listing provided by: Royal LePage Access Real Estate · Data source: CREA DDF.
Description
Unleash your creativity on this rare, flat 1-acre parcel offering the ultimate blend of central convenience and room to breathe. The cute 2-bedroom, 1-bathroom home is packed with potential and waiting for your renovation skills, design ideas, and personal touches to build sweat equity while crafting a place to call your own. Outside, the fully usable land opens up endless options for gardens, outdoor living, or future expansion, anchored by an impressive, established 30'x24' detached workshop—ideal for mechanics, tradespeople, hobbyists, or ultimate storage. Centrally located minutes from both downtown and uptown amenities, this property perfectly balances space, prime location, and value. While it serves as a wonderful starter home, its incredible long-term potential ensures your investment grows right alongside you. Down the road, take advantage of the usable acreage to explore subdividing into separate parcels, pursuing rezoning for medium-density development, or building your brand-new dream home on one half while living in the existing home on the other. Whether you choose to renovate, expand, or fully redevelop the site, this versatile property is a rare find packed with opportunity. (id:63159)
Values & Trends
This listing
$489/sqft
Building average
—
No other active listings in this building
NE Salmon Arm average
$394/sqft
66 active listing(s)
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Salmon Arm Secondary | Secondary | 781 m |
| Bastion Elementary | Elementary | 874 m |
| J.L. Jackson Secondary | Secondary | 1.7 km |
| South Broadview Elementary | Elementary | 1.8 km |
| King's Christian School(Independent) | K-12 | 1.9 km |
| Shuswap Middle School | Middle | 2.3 km |
| Salmon Arm Storefront | Secondary | 2.8 km |
| Hillcrest Elementary | Elementary | 2.9 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: 5.7% ($33,750) — 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.