Property Type: Detached HouseOwnership: Freehold

3590 50 Street NE

Salmon Arm, BC V1E1Y5

$995,000

3 bed2 bath1,596 sqftBuilt 1960
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
9.85 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,910.51

Interior

Heating
Stove, Wood, Other
Fireplace
None

Exterior & Lot

View
Mountain view
Waterfront
Waterfront on creek

Room Dimensions

RoomLevelDimensions
Primary BedroomSecond level14'9'' x 9'0''
LoftSecond level15' x 14'
Laundry roomMain level10'1'' x 16'4''
4pc BathroomMain level5'3'' x 9'0''
BedroomMain level9'7'' x 10'1''
3pc BathroomMain level6'4'' x 8'3''
BedroomMain level9'6'' x 9'0''
KitchenMain level11'3'' x 11'11''
Dining roomMain level6'4'' x 14'9''
OfficeMain level13'4'' x 10'3''
Living roomMain level13'4'' x 16'11''

Listing Information

MLS®
10390492
Listed
June 8, 2026
Time on market
On the market for 84 days
Data last synced
August 28, 2026

Listing provided by: Homelife Salmon Arm Realty.Com · Data source: CREA DDF.

Description

Welcome to this beautiful property, perfect for rural living on 9.85 acres and yet just minutes from Salmon Arm. The 3-bedroom, 2-bathroom home features a cozy wood stove and a charming wraparound covered porch, perfect for taking in the surrounding views. An established garden and a wide variety of mature fruit trees (apple, pear, apricot, peach, cherry, and plum) along with berries (haskap, blueberry, strawberry, and raspberry) provide an abundant harvest every season. Outbuildings include a heated 36’ x 24' workshop as well as a barn. The property is fenced and cross-fenced, ready for animals or storage. The land is accessible and drivable throughout, with Canoe Creek running through the front of the property. A secondary building site at the back is already equipped with power and water, giving excellent potential for expansion or a second dwelling. Additional highlights include city water, plenty of parking for RVs and equipment, and a location that offers both privacy and convenience. Whether you’re dreaming of a small farm, running a business, or creating your family estate, this property has the space and flexibility to bring your vision to life. (id:63159)

Values & Trends

This listing

$623/sqft

Building average

No other active listings in this building

NE Salmon Arm average

$392/sqft

66 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 Canoe ElementaryElementary2.3 km
Shuswap SDA(Independent)Elementary/Middle2.4 km
Salmon Arm SecondarySecondary2.4 km
Bastion ElementaryElementary2.9 km
South Broadview ElementaryElementary3.0 km
King's Christian School(Independent)K-123.2 km
Shuswap Middle SchoolMiddle3.7 km
South CanoeElementary/Middle3.8 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: 7.5% ($74,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$796,000.00
Periodic payment — Principal & Interest (monthly)$5,135.52
Additional monthly expenses (strata, tax, utilities, etc.)$489.21
Total monthly cost$5,624.73
Interest paid over 5-yr term$228,135.89
Balance at end of term$716,004.57

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$74,500
Stress test qualifying rate8.09%
Payment you must qualify for$7,078.32

Cash Needed at Closing

Minimum down payment$74,500
Estimated BC PTT$17,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$93,900

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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