Property Type: Detached HouseOwnership: Freehold

5851 20 Avenue NE

Salmon Arm, BC V1E1Y4

$1,695,000

4 bed3.5 bath8 parking2,862 sqftBuilt 1981
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
10 acres
Frontage
245 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,449.89

Interior

Basement
Full
Heating
Forced air, Electric, See remarks
Fireplace
Yes (2)
Fireplace type
Insert
Flooring
Tile, Hardwood, Carpeted, Linoleum, Vinyl

Building

Roof
Metal, Unknown

Parking

Total spaces
8 — covered indicated
Features
Attached Garage, Additional Parking

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
StorageBasement11'7'' x 18'
OtherBasement6'4'' x 8'7''
Utility roomBasement9'8'' x 18'10''
OfficeBasement8'2'' x 12'11''
Laundry roomBasement9'6'' x 16'4''
Partial bathroomBasement5'6'' x 6'10''
BedroomBasement14'5'' x 14'6''
Recreation roomBasement16'8'' x 26'5''
3pc Ensuite bathMain level5'0'' x 7'7''
Primary BedroomMain level11'2'' x 15'0''
BedroomMain level10'11'' x 13'3''
BedroomMain level9'9'' x 10'11''
Full bathroomMain level5'0'' x 7'7''
DenMain level11'6'' x 9'0''
Living roomMain level13'7'' x 22'9''
Dining roomMain level11'5'' x 19'
OtherMain level11'6'' x 10'8''
KitchenMain level7'9'' x 9'3''

Listing Information

MLS®
10389837
Listed
June 5, 2026
Time on market
On the market for 87 days
Data last synced
August 28, 2026

Listing provided by: Homelife Salmon Arm Realty.Com · Data source: CREA DDF.

Description

Located in highly sought after South Canoe, a rare opportunity to own 10 acres with a newly renovated 4 bedroom 3 bathroom family home, with a large 2021 built shop, within the city limits & has the convenience of the city water supply. The house main floor was fully renovated in 2021. An addition off the kitchen was built and completed in 2024 adding another 225sq ft providing extra space for the open concept kitchen/living dining and providing access to the deck off the dining room. The custom kitchen is by Mi-Tech with large 9 ft quartz counter island and gas range. The living room has a wood fireplace to cozy around in the winter. 3 bedrooms on the main floor, family bathroom, master bedroom with full ensuite, walk in closet & patio door out to the deck. Downstairs features an additional bedroom, large recreation room, washroom, laundry, den/office and lots of storage room. The bonus room under the new addition is currently unfinished, there is a possibility of making access from the basement recreation room to access the additional space from within the main house. Outside you will find a sprawling fully fenced yard, a mature cherry orchard, apple, peach and plumb trees. The retaining walls were professionally completed by Rampton Rock Works. There is a separate driveway to the large, detached shop 35 x 35 built in 2021, with 14 ft ceilings & large overhead door for easy access, concrete pad in front & 200 amp service. The acreage is mostly fenced with approximately a bit over an acre that is in trees. (id:63159)

Values & Trends

This listing

$592/sqft

Building average

No other active listings in this building

NE Salmon Arm average

$393/sqft

66 active listing(s)

Parking: 8 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

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.

Nearby Schools

SchoolTypeDistance
South CanoeElementary/Middle2.5 km
South Broadview ElementaryElementary2.6 km
Salmon Arm SecondarySecondary2.6 km
King's Christian School(Independent)K-122.7 km
Bastion ElementaryElementary2.9 km
Shuswap Middle SchoolMiddle3.1 km
North Canoe ElementaryElementary3.7 km
Shuswap SDA(Independent)Elementary/Middle3.8 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)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($339,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,356,000.00
Periodic payment — Principal & Interest (monthly)$8,748.45
Additional monthly expenses (strata, tax, utilities, etc.)$763.82
Total monthly cost$9,512.28
Interest paid over 5-yr term$388,633.50
Balance at end of term$1,219,726.39

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$339,000
Stress test qualifying rate8.09%
Payment you must qualify for$10,427.17

Cash Needed at Closing

Minimum down payment$339,000
Estimated BC PTT$31,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$372,400

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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