Property Type: TownhouseOwnership: Strata

71 25 Street SE Unit# 3

Salmon Arm, BC V1E1S2

$398,000

2 bed2 bath1 parking1,263 sqftBuilt 1997
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Stories
1

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$100/mo
Annual property tax
$2,453.51

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

Exterior features
Vinyl siding

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
1 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
FoyerBasement5'7'' x 7'
Full bathroomBasement4'6'' x 8'9''
BedroomBasement9' x 17'10''
4pc BathroomMain level4'6'' x 8'2''
Primary BedroomMain level11'6'' x 15'
Dining roomMain level7'11'' x 9'11''
Living roomMain level9'6'' x 13'4''
KitchenMain level8'10'' x 10'2''

Listing Information

MLS®
10389190
Listed
May 28, 2026
Time on market
On the market for 95 days
Data last synced
August 28, 2026

Listing provided by: REMAX Shuswap · Data source: CREA DDF.

Description

LAKEVIEW TOWNHOME - Looking for your first home? You will absolutely fall in love with this beautifully updated 2-bedroom, 2-bath affordable townhome located on a quiet cul-de-sac in a small 6-unit complex. Freshly painted with new flooring throughout, this bright and open floor plan is sure to impress. The functional kitchen features a portable island and flows into the open-concept living and dining area, with access to a generous 19’ x 9’ deck showcasing lovely lake and mountain views, rounding out the main floor is a large bedroom and full bathroom. The basement contains a welcoming foyer, full bathroom, and a 2nd bedroom (family room) which also houses the laundry area. Keep you car out of the elements in your 20 x 10 garage. Conveniently located close to amenities, shopping, and recreation, this charming home offers comfort, style, and exceptional value. (id:63159)

Values & Trends

This listing

$315/sqft

Building average

No other active listings in this building

SE Salmon Arm average

$339/sqft

5 active listing(s)

Parking: 1 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
Shuswap Middle SchoolMiddle378 m
King's Christian School(Independent)K-12576 m
South Broadview ElementaryElementary738 m
Hillcrest ElementaryElementary874 m
J.L. Jackson SecondarySecondary1.1 km
Bastion ElementaryElementary1.2 km
Salmon Arm SecondarySecondary1.5 km
Salmon Arm StorefrontSecondary2.1 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: 5.0% ($19,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$318,400.00
Periodic payment — Principal & Interest (monthly)$2,054.21
Additional monthly expenses (strata, tax, utilities, etc.)$367.46
Total monthly cost$2,421.67
Interest paid over 5-yr term$91,254.36
Balance at end of term$286,401.83

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,900
Stress test qualifying rate8.09%
Payment you must qualify for$2,907.46

Cash Needed at Closing

Minimum down payment$19,900
Estimated BC PTT$5,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,360

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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