Property
Type, style and structure
- Type
- land
- Style
- vacant land / Vacant Land
- Ownership
- Freehold
0.41 ac
Lot
Property Snapshot
Key details for this listing
MLS #10379774
Lot
Land, frontage and setting
- Lot
- 0.41 ac - 0.41
- Neighbourhood
- NE Salmon Arm
Costs
Price, taxes and monthly charges
About This Property
This vacant land in Salmon Arm offers a 0.41 ac lot. The property has lot dimensions of 0.41.
MLS Remarks
**Bankruptcy Liquidation** This R5-zoned high-density residential lot represents a premier development opportunity in one of British Columbia’s most sought after growth markets. Centrally located with commanding views of Shuswap Lake and the city skyline, the 0.41 acre site is perfectly positioned for a high-impact residential project. The property includes a legacy of previously approved plans for a 3-storey, 22-unit multi-family building, providing a substantial foundation for future permitting. Since the original design, provincial housing legislation and local zoning regulations regarding height and density have become significantly more flexible. Notably, a registered covenant on title permits construction of up to four storeys plus a basement, opening the door to a larger unit count and enhanced project scale that meets the modern demand for attainable urban housing. Situated just moments from the Shuswap Lake General Hospital, local schools, downtown amenities, and the iconic Salmon Arm Wharf, the location is ideal for high-density living. This asset is being offered at a price point that reflects its current market standing, providing an exceptional entry into the Shuswap development market. While new permits and plans are required to align with current codes, the prior approvals and R5 zoning make this one of the most shovel-ready urban sites in Salmon Arm. (id:60351)
Full Listing Details
Address1351 10 Avenue NE
MLS#10379774
Listing StatusActive
Property TypeLand
Sub-TypeVacant land
TransactionSale
Days on Market222
Common InterestFreehold
Annual Tax$3,515
Structure TypeOther
StyleVacant Land
Current UseDevelopment residential
CitySalmon Arm
NeighbourhoodNE Salmon Arm
ProvinceBritish Columbia
Postal CodeV1E4N1
Lot Size0.41 ac
Lot Dimensions0.41
Road SurfacePaved road
UtilitiesNatural Gas, Electricity
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$3,515
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