Property Type: Land / LotOwnership: Freehold

Lot B HENDERSON Avenue

Salmo, BC V0G1Z0

$880,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
14.02 acres

Ownership & Fees

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

Interior

Fireplace
None

Listing Information

MLS®
10369518
Listed
November 19, 2025
Time on market
On the market for 285 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Prime 13.92-Acre Development Opportunity in the Village of Salmo! Discover an exceptional opportunity with this level property located within the Village of Salmo. Perfect for developers, investors, or visionaries, this expansive parcel offers both flexibility and tremendous potential. A current development proposal for a 43-lot subdivision is already in place, with much of the preliminary work and pre-subdivision approvals well underway—providing a head start for those looking to continue with the existing plan. Alternatively, bring your own ideas and explore the many possibilities this rare in-town acreage offers. The property has been recently logged and prepped, making it ready for the next phase of development. Offering extensive frontage along Lagoon Road, with additional access available from Henderson Road, the layout provides excellent options for future infrastructure and subdivision design. Municipal services are already in place with three water connections and three sewer connections run to the property—significantly reducing development time and costs. A remarkable piece of land with incredible potential, right in the heart of Salmo. Ideal for residential development or those seeking a large in-town holding property. Opportunities like this are few and far between! (id:63159)

Location Insights

Weather

Nearest station: Trail

15°C

Humidity 64%

Wind WNW 5 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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Salmo Elementary SchoolElementary1.1 km
Salmo SecondaryK-121.3 km
Fruitvale ElementaryElementary21.0 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.

Nearby Places

Parks (1)

  • Lions Park773 m

Nearby places data: © OpenStreetMap contributors.

School district: Kootenay Lake (SD8)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($63,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$704,000.00
Periodic payment — Principal & Interest (monthly)$4,541.97
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$4,541.97
Interest paid over 5-yr term$201,768.42
Balance at end of term$633,250.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$63,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,282.44

Cash Needed at Closing

Minimum down payment$63,000
Estimated BC PTT$15,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$80,100

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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