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$ 659,000
Est. payment /mo
Active
1351 10 Avenue NE Salmon Arm, BC V1E4N1
0.41 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Ne Salmon Arm
MLS® Listing ID 10346782
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type Freehold
Source Association of Interior REALTORS®
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:24570)
Location
Province BC
Zoning Residential
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Coldwell Banker Executives Realty