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New buildInvestment signal

$659,000

231 20 Street NE Unit# 10

Beds

2

Baths

2

Sqft

Year

2026

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

If you have been looking for that upscale development, look no further! This 1400 sqft rancher with large double car garage will not disappoint! The development, Creekside Estates, will consist of 19 homes, 8 duplex style and 3 stand alone homes. The complex is built in a beautiful quiet setting surrounded by loads of green space, a natural creek and pond. This home has 2 bedrooms and 2 bathrooms. Large open concept living, huge gourmet kitchens with massive island with quartz counters, 10 ft. ceilings, extra large windows, large master bedrooms with 5 piece master bathrooms and walk-in closet, large 2 car garage, 4 foot crawl space with stair access, great for easy storage. The price includes, fully finished home, fully landscaped, A/C, quartz counters in kitchen, kitchen appliance package or $5000 credit. This home is scheduled to be completed May 2026. Similar homes are built and ready for viewing or purchase. 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 unit in Creekside Estates. (id:65958)

Subtype
Single Family
Architectural style
Bungalow, Ranch
Structure
Row / Townhouse
Community
NE Salmon Arm
Common interest
Condo/Strata
Living area
1,415 square feet
Parking
2 total
Condo/HOA fee
$251.6 monthly
Stories
1
Fireplace
1
On market
Apr 15, 2026
Status changed
Apr 15, 2026
Annual tax
$0
Photos
70
MLS#
10383573
Area
SALMON_ARM

Features and systems

Parking

Attached Garage

Basement

Crawl space

Appliances

RefrigeratorRange - ElectricDishwasherWater Heater - Electric

Heating

Forced airSee remarks

Cooling

Central air conditioning

Exterior

Other

Flooring

Vinyl

Roof

Asphalt shingleUnknown

Foundation

Insulated Concrete Forms

Lot

One Balcony

Community

Pets Allowed

Fee includes

Property ManagementGround MaintenanceInsuranceOther, See RemarksReserve Fund Contributions
Negative cash flow ~$1,305/mo at these assumptions

Cash on cash

-11.88%

Cap rate

3.51%

GRM

16.6

Break-even rent

$4,674

Financing

Down payment$131,800
Loan amount$527,200
Mortgage$3,234/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$302
Insurance$80
Maintenance$549
CapEx reserve$275
Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Salmon Arm. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,234/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.

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