5683 97 Highway
Falkland, BC V0E1W0
$510,000
Property Details
Property & Lot
- Sub-type
- Fourplex
- Stories
- 2
- Lot size
- 0.15 acres
Ownership & Fees
- Property type
- Fourplex
- Ownership
- Freehold
- Annual property tax
- $3,696.4
Interior
- Heating
- Forced air, See remarks
- Cooling / A/C
- Window air conditioner, Wall unit
- Fireplace
- None
- Flooring
- Carpeted, Vinyl
Exterior & Lot
- Exterior features
- Stucco
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Features
- Other
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Second level | 14'0'' x 12'0'' |
| Living room | Main level | 15'0'' x 11'3'' |
| Full bathroom | Main level | 10'5'' x 3'4'' |
| Primary Bedroom | Main level | 15'0'' x 12'0'' |
| Kitchen | Main level | 15'0'' x 11'0'' |
| Bedroom | Second level | 11'7'' x 11'6'' |
| Primary Bedroom | Second level | 13'0'' x 11'7'' |
| Kitchen | Second level | 13'0'' x 10'9'' |
| 4pc Bathroom | Second level | 7'10'' x 5'0'' |
| Bedroom | Second level | 11'7'' x 11'6'' |
| Primary Bedroom | Second level | 13'0'' x 11'7'' |
| Kitchen | Second level | 13'0'' x 10'9'' |
| Living room | Second level | 16'10'' x 13'0'' |
Listing Information
- MLS®
- 10371379
- Listed
- December 22, 2025
- Time on market
- On the market for 252 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Downtown Realty · Data source: CREA DDF.
Description
Excellent investment property in the quaint community of Falkland offers real versatility for combined live-in residential & business opportunity or rent out both residential suites & commercial spaces for great monthly income. There are currently 2 2 bedroom suites on the upper level rented by long term tenants who would like to stay. The main level consists of 2 commercial spaces (one of which is currently rented) and a 3rd could be had by converting the property owner's 1 bdrm suite back to commercial use. Falkand is a small but growing community just under 1/2 hour to Vernon or 40 min. to Kamloops. This property is within walking distance to local shops & services. Hwy exposure makes for good advertising for small businesses. (id:63159)
Values & Trends
This listing
$164/sqft
Building average
—
No other active listings in this building
Salmon Vly / Falkland average
—
No comparable active listings
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: Salmon Arm
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.
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
| School | Type | Distance |
|---|---|---|
| Falkland Elementary Junior School | Elementary/Middle | 365 m |
| Westwold Elementary | Elementary | 14.3 km |
| Silver Creek Elementary Secondary | Elementary/Middle | 16.9 km |
| North Okanagan Junior Academy(Independent) | Elementary/Middle | 22.3 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)
- Pizza Ranch Cafe · 5722 Highway 97363 m
Parks (2)
- Unnamed308 m
- Falkland Stampede759 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Shuswap (SD83)
Similar Listings Nearby
No similar listings found nearby right now.
Mortgage & Ownership Cost Calculator
Minimum required: 5.1% ($26,000) — 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.