For Sale: 350, 380, 351-381 SE Shuswap And 1st Street, Salmon Arm, BC - REW
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$2,590,000
0 bd • 0 ba • 9400 sf • Multifamily
350, 380, 351-381 SE Shuswap And 1st Street
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$2,590,000
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350, 380, 351, 381 Shuswap And 1st Street SESalmon Arm, BC, V1E 4H8

  • 0 Bed
  • 0 Bath
  • 9400 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Jeremy Osborne, Royal LePage Access Real Estate

Home facts and features

Price details
List Price
$2,590,000
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Gross Taxes for 2026
$16,680
Home facts
Bedrooms
0
Full Bathrooms
Parking Details
Carport
Property Type
Multifamily
Lot Size
1.22 acres
Depth
Title
Freehold
Style
Bungalow
Exterior Finish
Stucco, Cedar Siding
Heating Type
Baseboard heaters
Basement Details
Full, Crawl space
Agent details
Primary Agent
Primary Broker
Royal LePage Access Real Estate
Listing details
Days on REW
55 Days
Property Views
47
MLS® Number
10384025
Source
Canadian Real Estate Association
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

DESC StrongStart Centre
  • Public
  • Pre-K
Hillcrest Elementary School
  • Public
  • K - 5
Bastion Elementary School
  • Public
  • K - 5
Shuswap Middle School
  • Public
  • 6 - 8
King's Christian School
  • Independent
  • K - 12
South Broadview School
  • Public
  • Pre-K - 5
Salmon Arm Secondary School
  • Public
  • 9 - 12
Salmon Arm West Elementary School
  • Public
  • K - 5
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Jeremy Osborne
Phone:
(250) 253-1565
Office:
250-832-9997
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