Property Type: Detached HouseOwnership: Freehold

2731 Okanagan Avenue NE

Salmon Arm, BC V1E2T1

$589,900

5 bed2 bath4 parking1,992 sqftBuilt 1980
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.17 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,581.23

Interior

Basement
Remodeled Basement
Heating
Forced air
Fireplace
None

Parking

Total spaces
4 — covered indicated
Features
Carport

Room Dimensions

RoomLevelDimensions
BedroomAdditional Accommodation12'1'' x 9'5''
BedroomAdditional Accommodation11'3'' x 12'8''
Full bathroomAdditional Accommodation8'6'' x 3'8''
Living roomAdditional Accommodation12'7'' x 9'11''
KitchenAdditional Accommodation11'8'' x 8'3''
BedroomBasement9'11'' x 13'3''
Laundry roomMain level7'4'' x 7'7''
BedroomMain level12'7'' x 8'6''
4pc BathroomMain level10'4'' x 4'11''
Primary BedroomMain level11'5'' x 13'5''
Dining roomMain level10'8'' x 9'5''
Living roomMain level12'11'' x 20'2''
KitchenMain level10'9'' x 8'4''

Listing Information

MLS®
10388950
Listed
June 9, 2026
Time on market
On the market for 83 days
Data last synced
August 28, 2026

Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.

Description

UPDATED HOME WITH SUITE! Beautifully updated and thoughtfully designed, this inviting home offers warmth, flexibility, and the lifestyle today’s families are searching for. Set on a 0.17-acre lot with nearly 2,000 finished sqft, the property blends everyday comfort with exceptional value. MAIN HOME: The bright and welcoming main home features a functional kitchen, adjoining dining area, and a cozy living room made for gathering after long days. The lovely primary retreat offers private patio door access to a charming deck - the perfect place to enjoy quiet morning coffees or unwind at sunset. A second bedroom, full 4-piece bath - also with convenient ensuite-style access to the primary bedroom - and spacious laundry room complete the main level, while the finished basement adds a third bedroom and large storage room for added versatility. SUITE (Walk-Out Basement): The self-contained 2-bedroom + 1 bath (3-piece) suite with separate entrance and private laundry creates an ideal space for extended family, guests, or valuable mortgage-helper income. Bright and welcoming, the open-concept kitchen, dining, & living area offers comfortable independent living with excellent functionality. Whether you are searching for a family home with added flexibility, mortgage helper, an investment opportunity, or a property w/ multi-generational potential, this home delivers comfort & practicality - all wrapped in a setting that instantly feels like home. Some photos have been virtually staged. (id:63159)

Values & Trends

This listing

$296/sqft

Building average

No other active listings in this building

NE Salmon Arm average

$397/sqft

66 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

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

7

2/9 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
Shuswap Middle SchoolMiddle293 m
King's Christian School(Independent)K-12316 m
South Broadview ElementaryElementary481 m
Hillcrest ElementaryElementary1.1 km
Bastion ElementaryElementary1.1 km
J.L. Jackson SecondarySecondary1.3 km
Salmon Arm SecondarySecondary1.4 km
Salmon Arm StorefrontSecondary2.3 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

Cafes (1)

  • Tim Hortons754 m

Banks & ATMs (1)

  • Unnamed790 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($33,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$471,920.00
Periodic payment — Principal & Interest (monthly)$3,044.67
Additional monthly expenses (strata, tax, utilities, etc.)$398.44
Total monthly cost$3,443.10
Interest paid over 5-yr term$135,253.63
Balance at end of term$424,493.57

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$33,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,274.75

Cash Needed at Closing

Minimum down payment$33,990
Estimated BC PTT$9,798
Legal / closing costs (typical estimate)$1,500
Total cash needed$45,288

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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