580 Shuswap Street SE, Salmon Arm
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)
Status
Active
Property Type
Vacant Land
Ownership
Freehold
Annual Tax
$2,306
Parcel Number
010-573-909
Data Source
Association of Interior REALTORS®
Lot Size
0.9 acres
Lot Features
Community Features
Water Source
Municipal water
Sewer
Municipal sewage system
Utilities
$2,398,800
Office
Century 21 Assurance Realty Ltd
Loan Amount:
$1,919,040
Estimated Monthly Payment:
$9,352
This is an estimate for informational purposes only. Consult with a financial advisor.
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