Active

$928,000

21 & 61 Shuswap Street NW, Salmon Arm, BC

Vacant Land at 21 & 61 Shuswap Street NW in Salmon Arm, BC currently offered at $928,000.

Beds: -
Baths: -
Sq Ft: -
Built: -

Property Specifications

Annual Taxes: $13,616
Lot Size: 0.27 acres
Water Source: Municipal water
Sewer / Septic: Municipal sewage system
Heating
Ownership Type: Freehold

The Property

PRIME DOWNTOWN DEVELOPMENT OPPORTUNITY – SALMON ARM Positioned at the high-visibility corner of the Trans Canada Highway and Shuswap Street, this commercial property offers an exceptional opportunity to bring your development vision to the heart of downtown Salmon Arm. Spanning two separately titled lots with over 11,000 sq ft of land, the site features access from both roads, approximately 15+ dedicated parking spaces, and prominent exposure to vehicle and pedestrian traffic. Its central location places shops, services, restaurants, and the waterfront just steps away. The property is currently leased to an established restaurant, offering rental income while future plans are explored, subject to existing lease terms. Restaurant equipment and furnishings belong to the tenant. For developers and investors seeking a strategic downtown footprint, this offering combines corner exposure, accessibility, and proximity to Salmon Arm’s key amenities. (id:63761)

Local Area Context • Salmon Arm

Living in Salmon Arm

The regional hub and service anchor of the Shuswap, providing year-round municipal infrastructure, healthcare, education, and a fully operational small-city economy.

Local Due Diligence & Property Realities

Daily experience varies significantly by neighbourhood. The downtown and harbourfront core offers genuine walkability with local shops and dining, but higher-elevation neighbourhoods like Hillcrest or Raven shift toward vehicle dependency and distinct winter challenges. Because of elevation change, hillside neighbourhoods often receive substantially more snow than lake-level areas. While upland districts offer larger lots and proximity to schools, they require comfort with steep winter commutes and the necessity of private snow clearing on steep driveways. The city's urban boundaries are tightly constrained by protected Agricultural Land Reserve (ALR) farmland, creating a reality where modern subdivisions sit directly adjacent to active agricultural operations. Residents must navigate "Right to Farm" provisions, which prioritize agricultural production — meaning seasonal smells, noise, and dust from farming operations are a practical consideration.

First-party area intelligence by Jeff Ragsdale, REALTOR®Full Salmon Arm Area Guide