Property Type: Detached HouseOwnership: Freehold

2720 Salmon River Road

Salmon Arm, BC V1E3H8

$1,499,000

4 bed2 bath4 parking1,740 sqftBuilt 1963
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
160 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$1,724

Interior

Heating
See remarks
Fireplace
None

Parking

Total spaces
4 — covered indicated
Features
Detached Garage, Carport, RV, Oversize

Room Dimensions

RoomLevelDimensions
Full bathroomBasement7'7'' x 7'7''
BedroomBasement14'8'' x 10'6''
BedroomBasement15'1'' x 10'6''
Full bathroomMain level8'9'' x 9'7''
BedroomMain level11'2'' x 12'11''
Primary BedroomMain level11'5'' x 13'9''
Dining roomMain level8' x 15'1''
Living roomMain level19'6'' x 14'6''
KitchenMain level11'3'' x 15'1''

Listing Information

MLS®
10379516
Listed
March 16, 2026
Time on market
On the market for 168 days
Data last synced
August 28, 2026

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

Description

This exceptional 160-acre property in the heart of Salmon Valley offers natural beauty, privacy, and the freedom of country living—all just a short drive from town amenities. The well-maintained 4-bedroom, 2-bathroom home features a spacious living room and a tastefully updated kitchen (2015). Step outside onto the large covered deck, perfect for morning coffee or hosting friends while enjoying the stunning valley views. The acreage offers a diverse landscape with open fields planted in alfalfa, forested areas, and gently rolling pasture. Whether you’re dreaming of gardening, raising a few animals, or simply enjoying wide open space, this property offers plenty of opportunity. Several outbuildings provide excellent flexibility, including a Quonset-style shop, detached garage/workshop, barn with hay and equipment storage plus a box stall, a craft/storage room, root cellar, and an insulated, wired cold room ready for a compressor. Exterior updates including the roof, siding, windows, and deck were completed between 2007 and 2010, making the home move-in ready. Ample parking—including an attached carport—rounds out this well-equipped country property. If you’re looking for fresh air, privacy, and room to roam, this Salmon Valley acreage offers a peaceful rural lifestyle with plenty of possibilities. (id:63159)

Values & Trends

This listing

$861/sqft

Building average

No other active listings in this building

Salmon Vly / Falkland average

$476/sqft

14 active listing(s)

Parking: 4 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

16°C

Humidity 84%

Wind SSE 5 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/Middle9.0 km
Highland Park ElementaryElementary12.8 km
Pleasant Valley SecondarySecondary13.0 km
Len Wood Middle SchoolMiddle13.0 km
Armstrong ElementaryElementary13.2 km
North Okanagan Junior Academy(Independent)Elementary/Middle13.6 km
Falkland Elementary Junior SchoolElementary/Middle14.4 km
M.V. Beattie ElementaryElementary15.8 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: 8.3% ($124,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,199,200.00
Periodic payment — Principal & Interest (monthly)$7,736.83
Additional monthly expenses (strata, tax, utilities, etc.)$230.67
Total monthly cost$7,967.50
Interest paid over 5-yr term$343,694.17
Balance at end of term$1,078,684.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$124,900
Stress test qualifying rate8.09%
Payment you must qualify for$10,566.35

Cash Needed at Closing

Minimum down payment$124,900
Estimated BC PTT$27,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$154,380

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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