Property Type: Detached HouseOwnership: Freehold

550 2ND RELIEF Road

Salmo, BC V0G1Z0

$529,000

1 bed1 bath12 parking910 sqftBuilt 1978
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Property Details

Property & Lot

Sub-type
House
Stories
1.5
Lot size
7.3 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$1,928

Interior

Heating
Baseboard heaters, Stove, See remarks, Wood
Fireplace
Yes (1)
Fireplace type
Wood, Conventional
Flooring
Concrete, Hardwood, Laminate, Slate

Exterior & Lot

Exterior features
Wood, Stucco
Waterfront
Waterfront on creek

Building

Roof
Metal, Unknown

Parking

Total spaces
12 — uncovered indicated
Features
Covered

Room Dimensions

RoomLevelDimensions
Primary BedroomSecond level11'8'' x 16'7''
Recreation roomSecond level11'9'' x 12'3''
Full bathroomMain level8'0'' x 12'3''
KitchenMain level12'7'' x 13'2''
Living roomMain level12'4'' x 20'11''

Listing Information

MLS®
10395164
Listed
July 23, 2026
Time on market
On the market for 39 days
Data last synced
August 28, 2026

Listing provided by: WK Real Estate Co. · Data source: CREA DDF.

Description

Why buy a getaway home when you can get away from it every day? 7.3 acres situated on high ground above a gorgeous creek with outdoor adventures knocking in Salmo BC! This property is close enough to amenities in Salmo, yet private enough to feel secluded when needed. Swimming holes, waterfall, forest trails and benches perched along the way to sit and contemplate life. If the adventures on the property aren't enough for you, there are mountain bike trails, atv'ing, dirt-biking, skiing, fishing and hunting just steps away. And know that when you come home from your adventure, the charming log home will welcome you like a comforting hug. This is one of those Kootenay gems you won't want to miss! (id:63159)

Values & Trends

This listing

$581/sqft

Building average

No other active listings in this building

Nelson South/Salmo Rural average

$601/sqft

7 active listing(s)

Parking: 12 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

Nearest station: Trail

18°C

Humidity 50%

Wind NNW 2 km/h

Tonight

10°

Tuesday

27°

Tuesday night

13°

Wednesday

20°

Wednesday night

12°

Thursday

18°

Source: Environment and Climate Change Canada.

Population

1,140

(2021 Census)

-0.1% since 2016

Density: 467.2/km²

Dwellings: 599

Median household income: $54,400

After-tax: $50,000

Immigrant population: 6.6%

Top countries of origin (% of total population)

  • United Kingdom2.6% · 30
  • Germany1.8% · 20

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Salmo SecondaryK-123.9 km
Salmo Elementary SchoolElementary4.4 km
Fruitvale ElementaryElementary18.4 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: Kootenay Lake (SD8)

Mortgage & Ownership Cost Calculator

Minimum required: 5.3% ($27,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$423,200.00
Periodic payment — Principal & Interest (monthly)$2,730.34
Additional monthly expenses (strata, tax, utilities, etc.)$206.67
Total monthly cost$2,937.01
Interest paid over 5-yr term$121,290.34
Balance at end of term$380,669.77

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$27,900
Stress test qualifying rate8.09%
Payment you must qualify for$3,853.28

Cash Needed at Closing

Minimum down payment$27,900
Estimated BC PTT$8,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$37,980

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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