Property Type: Detached HouseOwnership: Freehold

2429 Salmon River Road

Salmon Arm, BC V1E4M1

$600,000

5 bed3.5 bath10 parking2,234 sqftBuilt 1977
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
1.99 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,201.99

Interior

Basement
Full
Heating
Baseboard heaters, Forced air, See remarks
Fireplace
None
Flooring
Laminate

Exterior & Lot

Exterior features
Wood

Building

Foundation
Block
Roof
Asphalt shingle, Unknown

Parking

Total spaces
10 — uncovered indicated
Features
RV

Room Dimensions

RoomLevelDimensions
Utility roomBasement12'2'' x 9'10''
Full bathroomAdditional Accommodation12'2'' x 9'6''
BedroomAdditional Accommodation12'2'' x 12'
Primary BedroomAdditional Accommodation12'2'' x 10'10''
Living roomAdditional Accommodation11'7'' x 30'4''
KitchenAdditional Accommodation13'2'' x 18'6''
Full bathroomMain level10'11'' x 10'2''
BedroomMain level9'4'' x 11'
BedroomMain level9'4'' x 10'10''
2pc Ensuite bathMain level6'2'' x 3'4''
Primary BedroomMain level10'10'' x 13'3''
Living roomMain level14' x 18'1''
Dining roomMain level12'10'' x 8'2''
Dining nookMain level12'5'' x 11'10''
KitchenMain level12'6'' x 12'10''

Listing Information

MLS®
10389980
Listed
June 4, 2026
Time on market
On the market for 88 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

2 ACRES OF PRIVACY yet only 25 min to Salmon Arm or Vernon, 15 minutes to Armstrong! Enjoy the peaceful lifestyle that Silver Creek is known for. Nestled within a welcoming farming community, this property offers the charm of country living while remaining just minutes from Salmon Arm. Residents appreciate the area's elementary school, library, general store, community spirit, and abundance of outdoor recreation. This well-maintained home provides comfortable living space with a functional layout and plenty of natural light. The property offers privacy, room to enjoy the outdoors, and a setting that showcases the beauty of rural Shuswap living. Whether you're looking to garden, raise a family, or simply enjoy a quieter pace of life, this property offers endless possibilities. A self-contained basement suite provides excellent flexibility for extended family, guests, or mortgage-helper potential. Combined with the peaceful surroundings and strong sense of community, this is an opportunity to enjoy the best of country living in one of the area's most desirable rural neighborhoods. (id:63159)

Values & Trends

This listing

$269/sqft

Building average

No other active listings in this building

Salmon Vly / Falkland average

$518/sqft

14 active listing(s)

Parking: 10 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.

Nearby Schools

SchoolTypeDistance
Silver Creek Elementary SecondaryElementary/Middle7.6 km
Highland Park ElementaryElementary13.3 km
Len Wood Middle SchoolMiddle13.6 km
Pleasant Valley SecondarySecondary13.6 km
Armstrong ElementaryElementary13.8 km
North Okanagan Junior Academy(Independent)Elementary/Middle14.8 km
M.V. Beattie ElementaryElementary14.9 km
Falkland Elementary Junior SchoolElementary/Middle15.0 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($35,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$480,000.00
Periodic payment — Principal & Interest (monthly)$3,096.80
Additional monthly expenses (strata, tax, utilities, etc.)$295.50
Total monthly cost$3,392.30
Interest paid over 5-yr term$137,569.38
Balance at end of term$431,761.55

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$35,000
Stress test qualifying rate8.09%
Payment you must qualify for$4,344.65

Cash Needed at Closing

Minimum down payment$35,000
Estimated BC PTT$10,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,500

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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