3030 40 Street SE Lot# PL 1
Salmon Arm, BC V1E1X7
$700,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.74 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $0
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10376247
- Listed
- February 24, 2026
- Time on market
- On the market for 188 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Shuswap · Data source: CREA DDF.
Description
Incredible opportunity for industrial land in Salmon Arm’s industrial area. Brand new M1 (General Industrial Zone) subdivision allows for a wide variety of uses. Lots will be serviced with City water, natural gas, with single or three phase power available. No road bans to the Industrial Park. Get in early for flexibility in lot sizes from .575 acre – 3.2 acres. Largely flat and usable space plus no building scheme or time frame to build. (id:63159)
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 |
|---|---|---|
| South Canoe | Elementary/Middle | 2.2 km |
| Hillcrest Elementary | Elementary | 2.3 km |
| Shuswap Middle School | Middle | 2.5 km |
| King's Christian School(Independent) | K-12 | 2.9 km |
| South Broadview Elementary | Elementary | 3.0 km |
| J.L. Jackson Secondary | Secondary | 3.8 km |
| Bastion Elementary | Elementary | 3.9 km |
| Salmon Arm Storefront | Secondary | 4.0 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.4% ($45,000) — 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.