580 Shuswap Street SE
Salmon Arm, BC V1E2B9
$1,895,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.9 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $2,306
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10397009
- Listed
- August 7, 2026
- Time on market
- On the market for 24 days
- Data last synced
- August 28, 2026
Listing provided by: Century 21 Assurance Realty Ltd · Data source: CREA DDF.
Description
Outstanding 0.904-acre R-5 High Density Multi-Family development site offering a rare opportunity for builders and investors seeking a well-priced project-ready property within the Columbia Shuswap Regional District (CSRD). Zoning approval has been granted based on several potential development configurations, including high-density condominiums, row housing, townhomes, or a mixed-form residential project, allowing flexibility in design and product mix. Preliminary planning and zoning work has already been completed to secure the R-5 designation, positioning the property for advancement through the Development Permit stage and toward construction. The Official Community Plan supports densities of up to 80.94 units per acre, providing strong development potential on the site. Strategically located within walking distance to the area’s primary commercial corridor, the property benefits from nearby retail amenities, transportation routes, professional services, schools, parks, and playgrounds, supporting a walkable and highly desirable residential environment. A compelling high-density development opportunity offered at an attractive price point, ideal for developers seeking scale and flexibility in a growing community. House has a month to month tenancy @ $1500.00 per mo. 24 hr notice for showing. All inquiries through the Listing Agent. Partial VTB available. All information and measurements deemed approximate only and should be verified by the Buyer(s) agent(s). (id:63159)
Location Insights
Weather
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.
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
30
6/9 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 |
|---|---|---|
| Salmon Arm Storefront | Secondary | 147 m |
| J.L. Jackson Secondary | Secondary | 1.3 km |
| Hillcrest Elementary | Elementary | 1.8 km |
| Shuswap Middle School | Middle | 2.3 km |
| Bastion Elementary | Elementary | 2.5 km |
| King's Christian School(Independent) | K-12 | 2.5 km |
| South Broadview Elementary | Elementary | 2.7 km |
| Salmon Arm Secondary | Secondary | 2.9 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 (5+)
- Namaste441 m
- Wings518 m
- Jade Buffet530 m
- Boston Pizza554 m
- White Spot563 m
Cafes (4)
- Blue Canoe Bakery and Cafe581 m
- Java Jive Neighbourhood Bistro · 190A Trans Canada Highway Northeast611 m
- Unnamed644 m
- Night Cafe · 160 Lakeshore Drive Northeast749 m
Grocery (1)
- No Frills549 m
Parks (5+)
- Unnamed291 m
- Hero War Memorial586 m
- Blackburn Park594 m
- Fletcher's Park663 m
- Ross Street Plaza769 m
Shopping (2)
- Centenoka Park Mall · 360 Trans-Canada Highway504 m
- Hudson's Bay594 m
Banks & ATMs (3)
- HoneyBadger Bitcoin ATM517 m
- Bank Of Montreal673 m
- CIBC735 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Shuswap (SD83)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($379,000) — 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.