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580 Shuswap Street SE, Salmon Arm

MLS® #10378113
About this Property

Outstanding 0.904-acre R-5 High Density Multi-Family development site offering a rare opportunity for builders and investors seeking a well-priced project-ready property within the Columbia Shuswap Regional District (CSRD). Zoning approval has been granted based on several potential development configurations, including high-density condominiums, row housing, townhomes, or a mixed-form residential project, allowing flexibility in design and product mix. Preliminary planning and zoning work has already been completed to secure the R-5 designation, positioning the property for advancement through the Development Permit stage and toward construction. The Official Community Plan supports densities of up to 80.94 units per acre, providing strong development potential on the site. Strategically located within walking distance to the area’s primary commercial corridor, the property benefits from nearby retail amenities, transportation routes, professional services, schools, parks, and playgrounds, supporting a walkable and highly desirable residential environment. A compelling high-density development opportunity offered at an attractive price point, ideal for developers seeking scale and flexibility in a growing community. House has a month to month tenancy @ $1500.00 per mo. 24 hr notice for showing. All inquiries through the Listing Agent. Partial VTB available. All information and measurements deemed approximate only and should be verified by the Buyer(s) agent(s). (id:62865)

Property Information

Status

Active

Property Type

Vacant Land

Ownership

Freehold

Annual Tax

$2,306

Parcel Number

010-573-909

Data Source

Association of Interior REALTORS®

Exterior & Lot

Lot Size

0.9 acres

Lot Features

Level lot

Community Features

Family Oriented
Building & Utilities

Water Source

Municipal water

Sewer

Municipal sewage system

Utilities

Natural GasElectricityCable

$2,398,800

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

Century 21 Assurance Realty Ltd

Mortgage Calculator
$479,760

Loan Amount:

$1,919,040

Estimated Monthly Payment:

$9,352

This is an estimate for informational purposes only. Consult with a financial advisor.