$539,900
261 Alexander Street
Beds
—
Baths
—
Sqft
—
Year
1955
Type
Other
Suite
Investment signal
Location 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.
About this home
Affordable investment opportunity – Two storey high profile building located in Salmon Arm’s downtown core. Offering a 1,250 square foot retail area on the main floor and an upper level 1,200 square foot residential apartment. Classy main floor retail with approximately 22’ of street frontage display windows, currently set up as a spa with reception area, 3 treatment rooms, kitchenette/laundry and bathroom. Super cute and roomy upper level 2 bedroom residential apartment with good tenants in place. Located in the heart of the downtown core in an area of trendy stores, restaurants and professional offices, a prime location for drive by and walking traffic. This building makes a great place to own as an investment or if you are looking to live in the downtown area. (id:65958)
- Subtype
- Other
- Structure
- Residential Commercial Mix
- Community
- NE Salmon Arm
- Common interest
- Freehold
- Living area
- 2,450 square feet
- Lot size
- 0.03 acres
- Lot dimensions
- 0.03
- On market
- Apr 21, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $5,227.9
- Photos
- 27
- MLS#
- 10384105
- Area
- SALMON_ARM
Cash on cash
-6.95%
Cap rate
3.47%
GRM
16.7
Break-even rent
$3,359
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.