5755 Mellor Frontage Road
Salmon Arm, BC V1E2R1
$2,295,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 4 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,944
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10386715
- Listed
- May 11, 2026
- Time on market
- On the market for 112 days
- Data last synced
- August 28, 2026
Listing provided by: Homelife Salmon Arm Realty.Com · Data source: CREA DDF.
Description
4 acre commercial property on frontage road off Highway 97B, with great highway exposure. Property includes approximately 16,000 square feet of buildings, used for storage, retail, workshops, and warehouse. Currently has gross revenue of $5,600 per month with lots of potential. Tremendous opportunity renovate buildings and add to income or develop this level 4 acre property with great highway exposure. Zoned HC Highway commercial allows for Mini Storage, manufacturing, service station, restaurant and a variety of other uses. There is no building permit or Development permit required to develop this property you can just start to build and develop within the zoning. High traffic exposure, great location and tons of potential. (id:63159)
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Ranchero Elementary Junior | Elementary/Middle | 703 m |
| South Canoe | Elementary/Middle | 4.0 km |
| Mountain View Christian(Independent) | Elementary/Middle | 4.6 km |
| Hillcrest Elementary | Elementary | 5.6 km |
| Shuswap Middle School | Middle | 5.7 km |
| King's Christian School(Independent) | K-12 | 6.0 km |
| South Broadview Elementary | Elementary | 6.1 km |
| Grindrod Elementary | Elementary | 6.6 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.
School district: Okanagan-Shuswap (SD83)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($459,000) — 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.