1351 10 Avenue NE, Salmon Arm, BC V1E4N1
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1351 10 Avenue NE, Salmon Arm, BC V1E4N1
1351 10 Avenue NE, Salmon Arm, BC V1E4N1
1351 10 Avenue NE, Salmon Arm, BC V1E4N1
1351 10 Avenue NE, Salmon Arm, BC V1E4N1
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Brandon Grass

Brandon Grass

+1(250) 212-5672
$ 579,000
Est. payment /mo
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Price Dropped by $20K

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 10379774

Lot Size 0.410 Acres

Acres 0.41

Property Sub-Type Freehold

Property Description

**Bankruptcy Liquidation** This R5-zoned high-density residential lot represents a premier development opportunity in one of British Columbia's most sought after growth markets. Centrally located with commanding views of Shuswap Lake and the city skyline, the 0.41 acre site is perfectly positioned for a high-impact residential project. The property includes a legacy of previously approved plans for a 3-storey, 22-unit multi-family building, providing a substantial foundation for future permitting. Since the original design, provincial housing legislation and local zoning regulations regarding height and density have become significantly more flexible. Notably, a registered covenant on title permits construction of up to four storeys plus a basement, opening the door to a larger unit count and enhanced project scale that meets the modern demand for attainable urban housing. Situated just moments from the Shuswap Lake General Hospital, local schools, downtown amenities, and the iconic Salmon Arm Wharf, the location is ideal for high-density living. This asset is being offered at a price point that reflects its current market standing, providing an exceptional entry into the Shuswap development market. While new permits and plans are required to align with current codes, the prior approvals and R5 zoning make this one of the most shovel-ready urban sites in Salmon Arm. (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by Coldwell Banker Executives Realty

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1351 10 Avenue NE