Property Type: Land / LotOwnership: Freehold

840 25th Avenue SW Lot# 13

Salmon Arm, BC V1E4M2

$309,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.18 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Listing Information

MLS®
10382370
Listed
April 8, 2026
Time on market
On the market for 145 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

Woodland Heights offers a rare opportunity to secure your place in one of Salmon Arm’s most desirable neighborhoods. Located just off Foothill Road, these freehold lots provide the perfect canvas for a custom build or a property designed with a mortgage helper suite in mind. Perched in an elevated position above the city, the development features stunning views of Shuswap Lake and the dramatic peaks of Mount Ida. Life here balances quiet residential living with incredible accessibility, placing you within walking distance of local restaurants, shopping, and the recreational hub of Blackburn Park. The Shuswap lifestyle is right at your doorstep, with world class boating, hiking trails, and local wineries nearby, all while staying connected via the Kelowna International Airport just over an hour away. Whether you choose to work with a preferred builder or bring your own approved team, Woodland Heights is designed for those who refuse to compromise on location or long term value. Available Lots: 1, 3, 5, 7, 9, 11, 13, 15, & 17. (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

SchoolTypeDistance
Salmon Arm StorefrontSecondary1.7 km
Hillcrest ElementaryElementary2.7 km
J.L. Jackson SecondarySecondary2.9 km
Salmon Arm West ElementaryElementary3.2 km
Shuswap Middle SchoolMiddle3.6 km
King's Christian School(Independent)K-123.9 km
South Broadview ElementaryElementary4.1 km
Bastion ElementaryElementary4.1 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% ($15,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$247,200.00
Periodic payment — Principal & Interest (monthly)$1,594.85
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$1,594.85
Interest paid over 5-yr term$70,848.23
Balance at end of term$222,357.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$15,450
Stress test qualifying rate8.09%
Payment you must qualify for$2,257.30

Cash Needed at Closing

Minimum down payment$15,450
Estimated BC PTT$4,180
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,130

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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