Property Type: Land / LotOwnership: Freehold

Lot B 3 Highway

Salmo, BC V0G1Z0

$225,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
20.47 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$866.02

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
10359742
Listed
August 19, 2025
Time on market
On the market for 377 days
Data last synced
August 28, 2026

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

Description

AMAZING ACREAGE JUST MINUTES FROM TOWN. Large acreages like this one rarely come on the market. Imagine all kinds of lovely trees and two creeks running through it. This property has many beautiful building sites and has a developed drilled well with good production. Here's a place that you can just de-compress and relax. You owe it to yourself to check this one out. (id:63159)

Location Insights

Weather

Nearest station: Trail

18°C

Humidity 50%

Wind NNW 2 km/h

Tonight

10°

Tuesday

27°

Tuesday night

13°

Wednesday

20°

Wednesday night

12°

Thursday

18°

Source: Environment and Climate Change Canada.

Population

1,140

(2021 Census)

-0.1% since 2016

Density: 467.2/km²

Dwellings: 599

Median household income: $54,400

After-tax: $50,000

Immigrant population: 6.6%

Top countries of origin (% of total population)

  • United Kingdom2.6% · 30
  • Germany1.8% · 20

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Salmo Elementary SchoolElementary7.6 km
Salmo SecondaryK-127.8 km
Fruitvale ElementaryElementary21.5 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: Kootenay Lake (SD8)

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Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($11,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$180,000.00
Periodic payment — Principal & Interest (monthly)$1,161.30
Additional monthly expenses (strata, tax, utilities, etc.)$72.17
Total monthly cost$1,233.47
Interest paid over 5-yr term$51,588.52
Balance at end of term$161,910.58

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$11,250
Stress test qualifying rate8.09%
Payment you must qualify for$1,643.66

Cash Needed at Closing

Minimum down payment$11,250
Estimated BC PTT$2,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$15,250

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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