Property Type: OtherOwnership: Leasehold

6592 Trans Canada Highway Unit# 7

Salmon Arm, BC V1E4M2

$109,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.05 acres

Ownership & Fees

Property type
Other
Ownership
Leasehold
Annual property tax
$0

Interior

Fireplace
None

Listing Information

MLS®
10376268
Listed
February 18, 2026
Time on market
On the market for 194 days
Data last synced
August 28, 2026

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

Description

One of the Bst Waterfront Opportunities in the Shuswap! This is your chance to own a piece of paradise with 1/20th ownership in the sought-after Glen Echo Resort—with no monthly fees for owners! Enjoy all the resort amenities, including a sandy beach, playground, laundry facilities, and a secure gated entrance. The lot features a full covered deck. Everything you need for the ultimate summer recreational property from May to October. This is an affordable lakeshore ownership. Come have a look. You will be glad you did. As a shareholder, you’ll benefit from revenue generated by apx. 50 RV sites leased out seasonally, with no annual costs to you. The resort also offers a swimming area, and full-time on-site management for peace of mind. Boat trailer parking onsite Quiet, well-maintained, and family-friendly—come take a look. You’ll be glad you did! (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

NW Salmon Arm average

$805/sqft

1 active listing(s)

Parking: Not indicatedStorage 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

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

SchoolTypeDistance
Shuswap SDA(Independent)Elementary/Middle5.3 km
J.L. Jackson SecondarySecondary6.1 km
Bastion ElementaryElementary6.2 km
Salmon Arm SecondarySecondary6.2 km
Salmon Arm StorefrontSecondary6.3 km
Salmon Arm West ElementaryElementary6.4 km
North Canoe ElementaryElementary6.5 km
South Broadview ElementaryElementary7.2 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($5,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$87,200.00
Periodic payment — Principal & Interest (monthly)$562.58
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$562.58
Interest paid over 5-yr term$24,991.77
Balance at end of term$78,436.68

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$5,450
Stress test qualifying rate8.09%
Payment you must qualify for$796.26

Cash Needed at Closing

Minimum down payment$5,450
Estimated BC PTT$1,090
Legal / closing costs (typical estimate)$1,500
Total cash needed$8,040

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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