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$1,679,000

2990 50 Street NW

NW Salmon Arm, Salmon Arm · MLS® 10402289

3 bed · 3 bath · 2,087 sq ft · 22 sq ft lot · 10 parking

House · Agriculture · built 1998 · 10 days on market

Listed by Russell Armstrong, Coldwell Banker Executives Realty

Realtor's description

Private 21.6 ACRE property within the city limits of Salmon Arm with a 2nd residence. This well-maintained acreage features a 3 bedroom, 3 bathroom home, the 34’ x 38’ shop has an attached 532 sq ft 1-bedroom suite with separate access currently vacant for the sale but could easily be rented. The shop and suite each have their own natural gas heat. Being fenced + cross fenced with 4 heated auto water bowls on flat land and 6 existing paddocks make it an excellent horse property. The bright, open-concept main floor offers a spacious country kitchen, dining area, and living room and a floor-to-ceiling gas fireplace. Also on the main level is a bedroom or office. Upstairs features a huge master bedroom with walk-in closet and attached 2-piece ensuite, a third bedroom, and a full 4-piece bathroom. Hardwood and tile flooring with radiant in-floor electric heat in the tile. The full unfinished basement with separate entrance has a roughed-in bathroom, forced air gas furnace, wood stove and cold room. The wraparound covered deck showcases the stunning views of Shuswap Lake and beyond. Two massive 60’ x 100’ pole barns with power, one with a loft and concrete area perfect for 4 stalls. 15 acres of productive hayland. A large garden area, orchard + berry plantings, 2.5 acres of mature timber. The property is on city water and also has a drilled well ready to be used as needed also. Located in a quiet setting with nearby trails and parks, yet just minutes to downtown Salmon Arm.

Property details

Type: House, Agriculture
Bedrooms: 3
Bathrooms: 3
Living area: 2,087 sq ft
Lot: 22 sq ft
Parking: 10
Year built: 1998
Property tax: $3,541 / yr
Days on market: 10
MLS®: 10402289

Features

Level lot
Private setting
Jacuzzi bath-tub
Family Oriented
Rural Setting

Floor plans

Found among the listing photos.

Price check

2026 assessment: $481,396 · asking is +249%
Price per sq ft: $805 vs $450 median for houses in NW Salmon Arm for sale (15)

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.

Property insights

On market 10 days · no price changes so far

The market here

Listed now: 87 days; median for 160 houses for sale; this one 10 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$481,396	$2,600

The listing shows $3,541 a year in property tax.

Estimate: the BC Assessment value times Salmon Arm's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$7,610/mo

Mortgage $7,315 · Tax $295

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

estimated payment

$7,315/ monthly

loan $1,343,200

25-year amortization

down payment20% · $335,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 10, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $851,373
property transfer tax: $31,580; BC general rate
cash to close: $367,380; down + PTT
total paid: $2,194,573

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.

If you rented it out

Suite rent: $1,151/mo
Your cost after the suite: $6,726/mo; vs $7,785 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $7,315 · tax $295 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-bedroom (1-bedroom for the suite) 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

Location

Lot outline: 89,765 m² (966,221 sq ft) · PID 003-064-590. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

NW Salmon Arm, Salmon ArmGoogle Maps ↗

Location

NW Salmon Arm, Salmon ArmGoogle Maps ↗

Good to know

Agricultural Land Reserve
This address is inside the Agricultural Land Reserve. ALR land is set aside for farming; building, subdividing and non-farm uses follow Agricultural Land Commission rules.
Source: Agricultural Land Commission, ALR boundary
Wildfire
The BC Wildfire Service rates Salmon Arm's wildland urban interface as risk class 1 of 5 (the highest class). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

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.

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