3311 Colton Road
Tappen, BC V0E2X1
$1,200,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 31 acres
- Frontage
- 505 feet
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,922.45
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, Valley view, View (panoramic)
Listing Information
- MLS®
- 10395998
- Listed
- July 31, 2026
- Time on market
- On the market for 31 days
- Data last synced
- August 28, 2026
Listing provided by: Team 3000 Realty Ltd · Data source: CREA DDF.
Description
Exceptional property just 10 minutes from Salmon Arm, offering outstanding development potential. The current OCP is under review for amendment to support 5-acre parcels, with first reading already passed. The property includes two older homes that could be renovated or removed, depending on your vision. Approximately 6 acres within the ALR form part of the future 10-acre parcel and are mostly flat, making them ideal for a small hobby farm. The remaining 20 acres lies outside the ALR and offers excellent future development potential, ideally for seven 2.5-acre parcels. Layout plans are available. The upper 20 acres features beautiful valley views and gently sloped terrain, adding to the property’s overall appeal. Seller will also look at offers for the 10 acres separately to be completed upon final subdivision process. Est. value for the 10 acres is 600k. (id:63159)
Location Insights
Weather
Nearest station: Salmon Arm
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Carlin Elementary Middle | Elementary/Middle | 3.1 km |
| Shuswap SDA(Independent) | Elementary/Middle | 7.6 km |
| North Canoe Elementary | Elementary | 8.3 km |
| Salmon Arm Secondary | Secondary | 10.2 km |
| Bastion Elementary | Elementary | 10.3 km |
| J.L. Jackson Secondary | Secondary | 10.6 km |
| Salmon Arm Storefront | Secondary | 11.1 km |
| South Broadview Elementary | Elementary | 11.2 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.9% ($95,000) — 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.