6731 42 Street NE
Salmon Arm, BC V0E1K0
$259,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.15 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $1,464
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, View (panoramic)
Listing Information
- MLS®
- 10387647
- Listed
- May 25, 2026
- Time on market
- On the market for 98 days
- Data last synced
- August 28, 2026
Listing provided by: Homelife Salmon Arm Realty.Com · Data source: CREA DDF.
Description
Welcome to Park Hill Estates offering an exceptional opportunity to build your dream home or secure a long-term investment in the heart of the Shuswap. Lot 1 (0.15 acres) is part of phase 1 consisting of 33 fully serviced freehold lots with municipal water & sewer, natural gas, and electricity available. The varying topography allows for a wide range of home designs including walk-up styles, single-level ranchers, and ranchers with walkout basements to suit every lifestyle. Zoned R10, the lots allow for secondary suites, creating excellent flexibility for multi-generational living or mortgage-helper income potential. Buyers can purchase the lots outright or work with the developer to build a fully customized home. Located just a 1 minute drive from Salmon Arm’s only public beach with a boat launch, this subdivision is in the ideal location for enjoying all things Shuswap. The subdivision backs onto Club Shuswap Golf Course on the south side, and it connects to the Park Hill trail system on the north side, offering a variety of trail loops for hiking, mountain biking, and snowshoeing. All amenities including schools, grocery stores, and the hospital are within a short 10-minute drive, making this an ideal opportunity for families, retirees, investors, or recreational buyers looking to experience everything the Shuswap lifestyle has to offer. BUILDER TERMS AVAILABLE! (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 |
|---|---|---|
| North Canoe Elementary | Elementary | 710 m |
| Shuswap SDA(Independent) | Elementary/Middle | 886 m |
| Salmon Arm Secondary | Secondary | 4.2 km |
| Bastion Elementary | Elementary | 4.6 km |
| South Broadview Elementary | Elementary | 5.1 km |
| King's Christian School(Independent) | K-12 | 5.3 km |
| J.L. Jackson Secondary | Secondary | 5.6 km |
| Shuswap Middle School | Middle | 5.8 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)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($12,950) — 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.