Property Type: Land / LotOwnership: Freehold

2990 20 Street NE Lot# 34

Salmon Arm, BC V1E3M4

$275,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.12 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$100/mo
Annual property tax
$1,685

Maintenance Fee Includes

Management

Also included: Ground Maintenance, Other, See Remarks

Interior

Fireplace
None

Exterior & Lot

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

Restrictions & Policies

Pets
Allowed
Rentals
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
10394740
Listed
July 15, 2026
Time on market
On the market for 47 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

A rare opportunity in The Uplands, one of NE Salmon Arm's most desirable bare-land strata communities. Lot 20 (0.119 acre) build-ready homesite commanding sweeping views of Shuswap Lake, Mt Ida & Fly Hills and City of Salmon Arm. This is no raw parcel; the lot comes beautifully landscaped with underground irrigation and raised garden beds, and all services at the lot line. A low $100/month strata fee includes street snow removal and lawn mowing, plus extensive RV parking. True lock-and-leave convenience, whether you build now or hold. Minutes to schools, parks, recreation, and transit, and a short drive to downtown Salmon Arm and the waterfront. No GST. The exceptional bonus: Lot 20 sits directly adjacent to lot #33, the fully renovated 4,258 square foot show-home-quality residence also offered for sale (MLS 10375253). Purchase the lot on its own and design your custom Shuswap home on a property that's already groomed and growing, or acquire both together for an estate-scale holding with protected sight lines, unmatched privacy, and room for family or future plans. Opportunities to control two adjoining view lots in The Uplands almost never comes to market. Build your vision or secure the your private viewing today. (id:63159)

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
Salmon Arm SecondarySecondary1.0 km
Bastion ElementaryElementary1.2 km
J.L. Jackson SecondarySecondary2.1 km
South Broadview ElementaryElementary2.1 km
King's Christian School(Independent)K-122.2 km
Shuswap Middle SchoolMiddle2.6 km
Shuswap SDA(Independent)Elementary/Middle2.7 km
Salmon Arm StorefrontSecondary3.2 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% ($13,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$220,000.00
Periodic payment — Principal & Interest (monthly)$1,419.37
Additional monthly expenses (strata, tax, utilities, etc.)$240.42
Total monthly cost$1,659.78
Interest paid over 5-yr term$63,052.63
Balance at end of term$197,890.71

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,008.92

Cash Needed at Closing

Minimum down payment$13,750
Estimated BC PTT$3,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,750

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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