This 1.22 acre assembly represents current investment revenue for immediate cash flow, coupled with the possibility of future development to high density. Situated in walkable location, in close proximity shopping centers and downtown Salmon Arm. The site currently consists of four lots under four separate titles, featuring a total of 16 rental units organized into four well-maintained fourplexes. These units are occupied by stable, long-term tenants on month-to-month agreements, providing a reliable revenue stream. The makeup consists of 15 two bedroom apartments and 1 one bedroom apartment, ranging in size from 450 square feet to 850 square feet. There is 1 two story home with 4 units, two one level with 4 units on crawl spaces and another one level on a full basement. The full basement has a shop space, storage and a shared laundry for the tenants providing another source of revenue. Designated parking and easy access for all tenants. The future potential of the combining of the lots and rezoning to a higher density is part of the Official Community Plan for Salmon Arm and lends itself to many different options to find the right project. (id:35966)
350, 380, 351, 381 Shuswap And 1st Street SeSalmon Arm, British Columbia, V1E4H8
Listing Details
Property Details
- Full Address:
- Shuswap And 1st Street Southeast, Salmon Arm, British Columbia
- Price:
- $ 2,995,000
- MLS Number:
- 10384025
- List Date:
- May 5th, 2026
- Neighbourhood:
- SE Salmon Arm
- Lot Size:
- 1.22 ac
- Taxes:
- $ 16,680
Interior Features
- Heating:
- Baseboard heaters
- Basement:
- Full, Crawl space
Building Features
- Architectural Style:
- Bungalow
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Roof:
- Asphalt shingle, Unknown
- Exterior:
- Stucco, Cedar Siding
- Garage:
- Carport
- Ownership Type:
- Freehold
- Taxes:
- $ 16,680
Floors
- Finished Area:
- 9400 sq.ft.
Land
- Lot Size:
- 1.22 ac
Neighbourhood Features
Ratings
Commercial Info
Location
Neighbourhood Details
REALTOR® Details
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