3135 Edes Road, Salmon Arm
Hobby Farm - 3135 Edes Road debuts on the MLS for the first time, offering a rare 3.21-acre heritage estate that perfectly balances historical charm with immediate income potential. At the heart of this expansive property is a 2300+-square-foot character farmhouse built in 1918, featuring six spacious bedrooms and four bathrooms. While the home retains its timeless ""bones"" and serves as a magnificent canvas for restoration, it has been thoughtfully updated with a brand-new furnace and fresh paint throughout, ensuring comfort while you bring your vision to life. The utility of this acreage is unmatched, featuring a 30x30 shop complemented by an attached, renovated suite that currently generates $1,000 per month. Adding to the property's incredible ROI is a separate mobile home on-site, providing an additional $1,500 in monthly rental income. This $2,500 total monthly revenue offers a significant hedge against mortgage costs while you enjoy the pastoral lifestyle. The grounds are a gardener’s paradise, with established fruit trees and over 1.15 acres of prime useable farmland for sustainable living, all situated less than 15 minutes from the amenities of downtown Salmon Arm. Whether you are looking for a multi-generational family compound, a high-yield investment, or hobby farm with a head start on modernization, 3135 Edes Road is a standout heritage opportunity. (id:62865)
Status
Active
Year Built
1918
Property Type
House
Ownership
Freehold
Parking Spaces
4
Annual Tax
$1,782
Parcel Number
017-924-022
Data Source
Association of Interior REALTORS®
Bedrooms
6
Bathrooms
4
Living Area
2325 square feet
Lot Size
3.21 acres
Heating
Forced air
Water Source
Well,Licensed,See Remarks
Sewer
Septic tank
$979,900
Office
Coldwell Banker Executives Realty
Loan Amount:
$783,920
Estimated Monthly Payment:
$3,820
This is an estimate for informational purposes only. Consult with a financial advisor.
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