Property Type: Land / LotOwnership: Freehold

4376 Salmon River Road

Spallumcheen, BC V0E1B4

$649,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
9.85 acres
Frontage
320 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$695.3

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Valley view, View (panoramic)

Listing Information

MLS®
10394111
Listed
July 9, 2026
Time on market
On the market for 53 days
Data last synced
August 28, 2026

Listing provided by: Vantage West Realty Inc. · Data source: CREA DDF.

Description

Rare opportunity to own a 9.85 acres parcel of prime farm land with an elevated building site on Salmon River Road, just 5 minutes to Armstrong. Zoned ALR, this property offers 180-degree mountain and valley views, surrounded by similar sized lots for a private, established rural setting. Building site and driveway are already in place. Hydro, Gas, Water and fiber optic services are all available at the lot line, reducing costs for future development. Level to gently sloped topography suits a range of uses, from equestrian facilities to a family estate. This is your chance to own a rare piece of property in the North Okanagan — build the home you've always dreamed of, one to be passed down for generations to come. (id:63159)

Location Insights

Weather

Nearest station: Vernon

18°C

Humidity 66%

Wind ESE 16 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

5,307

(2021 Census)

+3.9% since 2016

Density: 20.8/km²

Dwellings: 2,099

Median household income: $84,000

After-tax: $76,500

Immigrant population: 7.6%

Top countries of origin (% of total population)

  • United States of America1.3% · 70
  • Germany1.2% · 65
  • United Kingdom1.1% · 60
  • Netherlands1% · 55
  • South Africa, Republic of0.4% · 20
  • Russian Federation0.2% · 10
  • Philippines0.2% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Highland Park ElementaryElementary2.9 km
Armstrong ElementaryElementary3.5 km
Len Wood Middle SchoolMiddle3.5 km
Pleasant Valley SecondarySecondary3.7 km
North Okanagan Junior Academy(Independent)Elementary/Middle8.9 km
M.V. Beattie ElementaryElementary11.2 km
A.L. Fortune SecondaryK-1211.8 km
Silver Creek Elementary SecondaryElementary/Middle16.7 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: 6.1% ($39,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$519,200.00
Periodic payment — Principal & Interest (monthly)$3,349.70
Additional monthly expenses (strata, tax, utilities, etc.)$57.94
Total monthly cost$3,407.64
Interest paid over 5-yr term$148,804.21
Balance at end of term$467,022.08

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$39,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,683.77

Cash Needed at Closing

Minimum down payment$39,900
Estimated BC PTT$10,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,380

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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