Property Type: Detached HouseOwnership: Freehold

5480 Canoe Beach Drive NE

Salmon Arm, BC V1E2M5

$634,900

3 bed2 bath2 parking1,291 sqftBuilt 2017
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.13 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,720

Interior

Heating
Other
Cooling / A/C
Wall unit
Fireplace
None
Flooring
Laminate

Exterior & Lot

Exterior features
Other

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
2 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
Full bathroomMain level4'10'' x 8'2''
Full ensuite bathroomMain level7'6'' x 4'11''
Dining roomMain level11'2'' x 10'2''
KitchenMain level10'4'' x 10'2''
Living roomMain level15'7'' x 12'4''
BedroomMain level8'9'' x 10'5''
BedroomMain level12' x 10'1''
Primary BedroomMain level11'9'' x 15'6''
FoyerMain level4'10'' x 14'2''

Listing Information

MLS®
10389582
Listed
June 2, 2026
Time on market
On the market for 90 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

Welcome to easy Shuswap living in the heart of Canoe. This 3-bedroom rancher with a grade-level entry sits on a flat, easy-to-maintain lot in one of Canoe's most convenient locations. Built in 2017, the home offers modern construction and peace of mind, with new home warranty coverage remaining until February 2027. Designed for comfortable everyday living, the thoughtful floor plan features a spacious primary bedroom with a large ensuite bathroom, in-floor hydronic heating throughout, and an open-concept living area that flows seamlessly to a covered patio; perfect for relaxing, entertaining, or enjoying warm summer evenings. The attached double garage provides plenty of room for vehicles, storage, and outdoor gear. Ideally located just 450 metres from the boat launch and Canooligans Restaurant, you'll also enjoy a short bike ride to the public beach and convenient access to North Canoe Elementary School. Whether you're a young family, a professional working from home, looking to simplify with one-level living, or planning for retirement, this move-in-ready home offers an exceptional combination of comfort, convenience, and Shuswap lifestyle. (id:63159)

Values & Trends

This listing

$492/sqft

Building average

No other active listings in this building

NE Salmon Arm average

$394/sqft

66 active listing(s)

Parking: 2 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

15

2/9 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
North Canoe ElementaryElementary923 m
Shuswap SDA(Independent)Elementary/Middle2.1 km
Salmon Arm SecondarySecondary5.1 km
Bastion ElementaryElementary5.5 km
South Broadview ElementaryElementary5.9 km
King's Christian School(Independent)K-126.1 km
J.L. Jackson SecondarySecondary6.6 km
Shuswap Middle SchoolMiddle6.6 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

Restaurants (1)

  • Canooligans · 4940 Canoe Beach Drive Northeast411 m

Parks (1)

  • Unnamed239 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 6.1% ($38,490) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$507,920.00
Periodic payment — Principal & Interest (monthly)$3,276.93
Additional monthly expenses (strata, tax, utilities, etc.)$375.00
Total monthly cost$3,651.93
Interest paid over 5-yr term$145,571.33
Balance at end of term$456,875.68

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$38,490
Stress test qualifying rate8.09%
Payment you must qualify for$4,586.18

Cash Needed at Closing

Minimum down payment$38,490
Estimated BC PTT$10,698
Legal / closing costs (typical estimate)$1,500
Total cash needed$50,688

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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