Prime Development Opportunity – Renovated Home on 0.47 Acres in a Central Location. Develop now or plan for the future with excellent cash-flow potential. Sitting on a level 0.47-acre lot, the house and property enjoy a private, park-like setting while still being within walking distance to Piccadilly Mall, sports fields and downtown amenities. Whether you're looking for a comfortable place to call home or an investment with serious upside, this property checks all the boxes. The updated two-story home offers 1,320 sq ft of finished living space, featuring 3 bedrooms and 1 full bathroom. The main floor boasts a modern kitchen, a spacious living area, and a bright primary bedroom. Upstairs, you'll find two generously sized bedrooms and a versatile open office/den area — perfect for working from home or a study nook. The full, unfinished basement offers excellent potential for a suite or additional living space, making this property ideal for both homeowners and investors alike. Zoned R5, this lot holds significant development potential — with the ability to accommodate multi-family housing (buyer to verify with City of Salmon Arm). A rare opportunity to live in or develop a property in one of the area’s most convenient and desirable locations. (id:2493)
Data was last updated January 18, 2026 at 03:45 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$649,900
Min list price:
$199,900
Max list price:
$1,199,000
Avg days on market:
89
Min days on market:
1
Max days on market:
234
Avg price per sq.ft.:
$425.61
These statistics are generated based on the current listing's property type
and located in
SW Salmon Arm. Average values are
derived using median calculations. This data is not produced by the MLS® system.