Property Type: Land / LotOwnership: Freehold

980 17 Street SE

Salmon Arm, BC V1E0A4

$259,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.13 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,717.87

Interior

Fireplace
None

Listing Information

MLS®
10392143
Listed
June 22, 2026
Time on market
On the market for 70 days
Data last synced
August 28, 2026

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

Description

One of the most affordable building lots in Salmon Arm! Don't miss your chance to secure the last remaining lot in Laurel Estates and bring your dream home to life. Ideally suited for a walk-up design, this centrally located property offers convenience and value with all municipal services available at the lot line. A rare opportunity to build in an established neighbourhood close to schools, shopping, and everyday amenities. (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
Hillcrest ElementaryElementary673 m
J.L. Jackson SecondarySecondary1.0 km
Salmon Arm StorefrontSecondary1.2 km
Shuswap Middle SchoolMiddle1.3 km
King's Christian School(Independent)K-121.6 km
South Broadview ElementaryElementary1.7 km
Bastion ElementaryElementary1.9 km
Salmon Arm SecondarySecondary2.3 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% ($12,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$207,200.00
Periodic payment — Principal & Interest (monthly)$1,336.78
Additional monthly expenses (strata, tax, utilities, etc.)$143.16
Total monthly cost$1,479.94
Interest paid over 5-yr term$59,384.12
Balance at end of term$186,377.07

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$12,950
Stress test qualifying rate8.09%
Payment you must qualify for$1,892.04

Cash Needed at Closing

Minimum down payment$12,950
Estimated BC PTT$3,180
Legal / closing costs (typical estimate)$1,500
Total cash needed$17,630

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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