Property Type: Detached HouseOwnership: Freehold

5231 11 Street NE

Salmon Arm, BC V1E3N3

$940,000

4 bed3 bath10 parking2,894 sqftBuilt 1993
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.27 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,414

Interior

Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (3)
Fireplace type
Gas, Unknown
Flooring
Hardwood, Carpeted, Mixed Flooring

Exterior & Lot

Exterior features
Stucco
View
Lake view, View (panoramic)

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
10 — covered indicated
Features
Attached Garage, Oversize, See Remarks, Heated Garage

Room Dimensions

RoomLevelDimensions
Utility roomMain level9'5'' x 7'1''
Laundry roomMain level9'5'' x 6'9''
OfficeMain level9'5'' x 9'8''
Full bathroomMain level9'5'' x 5'
BedroomMain level17'11'' x 14'9''
KitchenAdditional Accommodation9'9'' x 9'8''
Family roomMain level16'4'' x 13'9''
FoyerMain level12'11'' x 17'11''
OtherSecond level10' x 6'9''
Dining nookSecond level8'6'' x 13'
Family roomSecond level10'4'' x 15'3''
Full bathroomSecond level10' x 8'1''
4pc Ensuite bathSecond level10' x 9'8''
Primary BedroomSecond level15'9'' x 16'8''
BedroomSecond level10' x 9'11''
BedroomSecond level9'10'' x 9'4''
Dining roomSecond level10'10'' x 12'2''
Living roomSecond level15'7'' x 15'10''
KitchenSecond level15'5'' x 11'8''

Listing Information

MLS®
10386245
Listed
May 15, 2026
Time on market
On the market for 108 days
Data last synced
August 28, 2026

Listing provided by: REMAX Shuswap · Data source: CREA DDF.

Description

Raven's hidden Gem: Lake views, In-Law Suite & 4 Car Garage. Set on nearly one-third of an acre in the desirable Raven neighborhood, this four-bedroom home offers sweeping lake views and a welcoming sense of space. Located on a quiet no-through road, the property features a one-bedroom in-law suite (also with views) ideal for family, guests, or revenue potential. A separate entrance and potential to convert the suite back to 2 bedrooms offers even more options. A heated four-car garage and generous driveway provide exceptional parking and storage. Outdoors, enjoy mature trees, vibrant gardens, flower beds, and a gazebo—all supported by recently inspected, in-ground irrigation for easy care. Access to the Coyote Park trail system is right outside your door. Inside, comfort meets convenience with a newer furnace and hot water on demand (2019) plus a built-in vacuum system. Blending elegance with everyday practicality, this home is a rare find for those seeking both lakeview living and modern comfort with room for all your favorite people and toys. Recent 2026 updates include new pex plumbing and LG washer & dryer. (id:63159)

Values & Trends

This listing

$325/sqft

Building average

No other active listings in this building

NE Salmon Arm average

$397/sqft

66 active listing(s)

Parking: 10 stall(s) includedStorage 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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Shuswap SDA(Independent)Elementary/Middle1.8 km
Salmon Arm SecondarySecondary3.1 km
North Canoe ElementaryElementary3.2 km
Bastion ElementaryElementary3.3 km
J.L. Jackson SecondarySecondary3.9 km
South Broadview ElementaryElementary4.2 km
King's Christian School(Independent)K-124.3 km
Salmon Arm StorefrontSecondary4.7 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.

Nearby Places

Parks (1)

  • Raven Park513 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 7.3% ($69,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$752,000.00
Periodic payment — Principal & Interest (monthly)$4,851.65
Additional monthly expenses (strata, tax, utilities, etc.)$596.17
Total monthly cost$5,447.82
Interest paid over 5-yr term$215,525.36
Balance at end of term$676,426.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$69,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,697.69

Cash Needed at Closing

Minimum down payment$69,000
Estimated BC PTT$16,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$87,300

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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