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1351 10 Avenue NE, Salmon Arm
2025-05-07
Quick Summary
- Location
- 1351 10 Avenue NE, Salmon Arm, British Columbia V1E4N1
- Price
- $659,000
- Status:
- For Sale
- Property Type:
- Vacant Land
MLS®#10346782
Property Description
**Development opportunity** This R5-zoned High Density Residential lot offers a prime opportunity in one of BC’s most sought-after communities. Centrally located with breathtaking views of Shuswap Lake and the city skyline, the property includes previously approved plans for a 3-storey, 22-unit multi-family building. Since the original design, zoning regulations around height and density have become more flexible, meaning an even larger project may now be possible. A registered covenant on title permits construction of up to four storeys plus a basement, opening the door to enhanced development potential. While new permits and updated plans would be required to meet current building codes, having prior approvals and development permits on file offers a head start—ideal for developers or investors ready to capitalize on rising housing demand in Salmon Arm.Just moments from the hospital, schools, downtown, and the waterfront—including the iconic Salmon Arm Wharf—this property is perfectly positioned for a vibrant residential project. Offered at $659,000 – a rare opportunity to secure a ready-to-go urban development site in the heart of the Shuswap. (id:32467)
Property Features
Building
- Fireplace: No
- Building Type: Other
- Utility Water: Municipal water
Land
- Land Size: 0.41 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Coldwell Banker Executives Realty
Listing information last updated on: 2025-11-12 20:02:29
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
Yes, and yes.
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