Property Type: Detached HouseOwnership: Freehold

3230 Salmon River Road

Salmon Arm, BC V1E3H9

$2,899,000

3 bed3.5 bath2,200 sqftBuilt 2001
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Property Details

Property & Lot

Sub-type
House
Stories
3
Lot size
105 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,219.36

Interior

Basement
Full
Heating
See remarks
Cooling / A/C
See Remarks
Fireplace
None
Flooring
Tile

Exterior & Lot

Exterior features
Wood siding
View
Valley view

Building

Roof
Metal, Unknown

Parking

Features
See Remarks, Additional Parking

Room Dimensions

RoomLevelDimensions
Full bathroomBasement
Laundry roomBasement13'0'' x 13'0''
Recreation roomBasement25'6'' x 13'6''
BedroomBasement12'6'' x 12'0''
Partial ensuite bathroomSecond level5'0'' x 7'0''
Primary BedroomSecond level14'0'' x 19'6''
FoyerMain level6'0'' x 11'6''
BedroomMain level14'0'' x 12'0''
3pc BathroomMain level6'0'' x 8'9''
Living roomMain level13'0'' x 14'0''
Dining roomMain level7'0'' x 13'0''
KitchenMain level8'0'' x 13'0''

Listing Information

MLS®
10380319
Listed
March 25, 2026
Time on market
On the market for 159 days
Data last synced
August 28, 2026

Listing provided by: B.C. Farm & Ranch Realty Corp. · Data source: CREA DDF.

Description

105 acres of land, Private setting with 4 homes and 5 separate living spaces, excellent rental income a large workshop and out buildings, 50 acres of cleared land. Zoning is Rural & in ALR. Well suited for horses. Lots of fences in place, maybe a Guest Ranch or Bed & Bale. Main house 2400 sqft, 2 bedrooms 1.5 baths on main floor with vaulted ceilings, skylight and loft. The walkout basement that has 1 bedroom 1 bathroom was renovated 2023, the cottage 1400 sqft fully renovated 2023 3 bedrooms, 2 bathrooms. Shop with suite, 1 bedroom 2 bath open living room, kitchen concept above the workshop has been fully renovated 2023. workshop 36x30 with overhead door. 4th home 1350 sqft 3 bedroom manufactured home on lower 2 acres. 50x35 equipment shed, 32x20 hay shed, 24x20 greenhouse, large garden area, paddocks, horse shelter, round pen, 82 ft deep well at 100 gpm. 4 separate Hydro meters, sand & gravel on property for own use, New water treatment system for all residences. Great for a larger family or other business ventures. The options are endless. Information displayed is believed to be accurate, all measurements are approximate and not to be relied on. (id:63159)

Values & Trends

This listing

$1,318/sqft

Building average

No other active listings in this building

Salmon Valley average

$440/sqft

3 active listing(s)

Parking: Not indicatedStorage 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
North Okanagan Junior Academy(Independent)Elementary/Middle10.5 km
Pleasant Valley SecondarySecondary10.9 km
Len Wood Middle SchoolMiddle11.1 km
Highland Park ElementaryElementary11.1 km
Armstrong ElementaryElementary11.3 km
Silver Creek Elementary SecondaryElementary/Middle12.2 km
Falkland Elementary Junior SchoolElementary/Middle14.9 km
M.V. Beattie ElementaryElementary16.6 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

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($579,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,319,200.00
Periodic payment — Principal & Interest (monthly)$14,962.69
Additional monthly expenses (strata, tax, utilities, etc.)$461.61
Total monthly cost$15,424.30
Interest paid over 5-yr term$664,689.39
Balance at end of term$2,086,127.90

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$579,800
Stress test qualifying rate8.09%
Payment you must qualify for$17,833.84

Cash Needed at Closing

Minimum down payment$579,800
Estimated BC PTT$64,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$646,270

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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