4981 5 Avenue SW
Salmon Arm, BC V1E2Y9
$249,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.5 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $1,578
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10396141
- Listed
- August 5, 2026
- Time on market
- On the market for 26 days
- Data last synced
- August 28, 2026
Listing provided by: Homelife Salmon Arm Realty.Com · Data source: CREA DDF.
Description
Private half acre lot at the end of the road. Looking for a spacious yard within city limits? This could be the spot for you. Gentle sloping lot with space to build your dream home. City water lines on 5 AVE already. This property backs on to agricultural land with a peaceful setting. New frontage roads allow you to get to town without needing to take the highway. (id:63159)
Location Insights
Weather
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.
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 |
|---|---|---|
| Salmon Arm West Elementary | Elementary | 535 m |
| Salmon Arm Storefront | Secondary | 4.0 km |
| J.L. Jackson Secondary | Secondary | 5.1 km |
| Hillcrest Elementary | Elementary | 5.8 km |
| Bastion Elementary | Elementary | 6.2 km |
| Shuswap Middle School | Middle | 6.4 km |
| King's Christian School(Independent) | K-12 | 6.5 km |
| Salmon Arm Secondary | Secondary | 6.5 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.
1.4 km away
1.4 km away
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($12,450) — 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.