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$699,900

231 20 Street NE Unit# 1

NE Salmon Arm, Salmon Arm · MLS® 10357769

4 bed · 3 bath · 2,830 sq ft · 2 parking

Townhouse · Single Family · built 2025 · 433 days on market

Listed by Colin Blair, Homelife Salmon Arm Realty.Com

If you have been looking for that upscale strata development, look no further! This 2800 sqft rancher with walk-out basement will not disappoint! The development, Creekside Estates, will consist of 19 homes, 8 duplex style and 3 stand alone ranchers. The basement homes will be 2830 sqft with extra large double car garages and rancher without basements will be 1415 sqft. The complex is built in a beautiful quiet setting surrounded by loads of green space, a natural creek and pond. We have ranchers with 2 bedrooms, 2 bathrooms or basement homes with 4 bedrooms and 3 bathrooms. Large open concept living, huge gourmet kitchens with massive 12 foot long islands, quartz counters, 10 ft. ceilings, extra large windows, large master bedrooms with 5 piece master bathrooms and walk-in closet. A/C included and fully landscaped. Price includes a fully finished basement, a/c and fully landscaped. The developer, Uptown Ventures is well known in Salmon Arm for high standards and quality of work! Don't miss out, call today for all the information. Pictures are from a similar home.

Type: Townhouse, Single Family
Bedrooms: 4
Bathrooms: 3
Living area: 2,830 sq ft
Parking: 2
Year built: 2025
Strata fee: $224 / mo ($0.08 / sq ft)
Strata rules: Pets Allowed
Days on market: 433
MLS®: 10357769

Price per sq ft: $247 vs $353 median for townhouses in NE Salmon Arm for sale (11)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

One Balcony
Pets Allowed

On market 433 days

Listed now: 54 days; median for 21 townhouses for sale; this one 433 days

Townhouses in Salmon Arm. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$3,274/mo

Mortgage $3,049 · Strata $224

20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.

estimated payment

$3,049/ monthly

loan $559,920

25-year amortization

down payment20% · $139,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $354,899
property transfer tax: $11,998; BC general rate
cash to close: $151,978; down + PTT
total paid: $914,819

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $1,336/mo
After all costs: −$2,220/mo
Cap rate: 1.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,049 · strata $224 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom in Salmon Arm (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

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