Property Type: Land / LotOwnership: Freehold

6061 40 Street NW

Salmon Arm, BC V1E4M2

$650,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
9.62 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,201.93

Interior

Fireplace
None

Building

Water source
Well
Sewer
Septic tank
Parcel ID (PID)
013-958-151

Listing Information

MLS®
10396891
Listed
August 10, 2026
Time on market
On the market for 21 days
Data last synced
August 29, 2026

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

Description

Looking for a private getaway without being hours from town? This beautiful 9.62-acre property offers an incredible setting with plenty of privacy and three structures already in place. Built in 2023, the main cabin, bunkhouse and separate bathroom building are all insulated, giving you a comfortable base for weekends away, recreational use or simply enjoying your own piece of the outdoors. The main cabin features a cozy wood stove, while two wells—including one flowing well and one with an electric pump—provide water to the property. A bell and siphon septic system is also in place. . With nearly 10 acres to explore and a peaceful setting that's still conveniently close to town, this is a unique opportunity to enjoy off-grid living without feeling completely disconnected. (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.

Nearby Schools

SchoolTypeDistance
Salmon Arm West ElementaryElementary5.8 km
Shuswap SDA(Independent)Elementary/Middle6.0 km
Salmon Arm StorefrontSecondary6.2 km
J.L. Jackson SecondarySecondary6.2 km
Bastion ElementaryElementary6.5 km
Salmon Arm SecondarySecondary6.5 km
North Canoe ElementaryElementary7.3 km
South Broadview ElementaryElementary7.4 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: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 6.2% ($40,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$520,000.00
Periodic payment — Principal & Interest (monthly)$3,354.86
Additional monthly expenses (strata, tax, utilities, etc.)$266.83
Total monthly cost$3,621.69
Interest paid over 5-yr term$149,033.49
Balance at end of term$467,741.68

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$40,000
Stress test qualifying rate8.09%
Payment you must qualify for$4,690.69

Cash Needed at Closing

Minimum down payment$40,000
Estimated BC PTT$11,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,500

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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