$1,050,000
1121 Shuswap Street SW
Beds
4
Baths
2
Sqft
—
Year
1956
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.
About this home
Welcome to 1121 Shuswap Street SW, a rare opportunity to own a piece of local history. This 2.81-acre hobby farm has been cherished by the same family since 1920 and is located in the ALR with R-14 HIGH-DENSITY RESIDENTIAL ZONING, providing a perfect blend of rural potential and significant investment upside. For the forward-thinking investor, the R-14 designation (the successor to R-4) is a major asset, supporting up to 40 dwelling units per hectare and explicitly permitting multi-family dwellings, triplexes, and four-plexes. While the property’s inclusion in the Agricultural Land Reserve requires a ""Non-Farm Use"" or exclusion application for high-density development, its position in the heart of Salmon Arm makes it a prime candidate for future growth. The existing home spans over 3,000 square feet and features a basement designed with a separate suite layout in mind, offering excellent flexibility for a mortgage helper or dual-income rental stream while you navigate development plans. Outside, the park-like setting includes a pond that attracts herons, deer, and moose, all surrounded by established medicinal plants and a living fence for total privacy. Whether you are looking to raise animals and grow your own food or capitalize on the city's demand for medium-to-high density housing, this acreage provides an incredible canvas for a sustainable lifestyle or a profitable multi-unit project in the heart of Salmon Arm. (id:65958)
- Subtype
- Single Family
- Architectural style
- Bungalow
- Structure
- House
- Community
- SW Salmon Arm
- Common interest
- Freehold
- Living area
- 2,976 square feet
- Lot size
- 2.81 acres
- Lot dimensions
- 2.81
- Parking
- 2 total
- Stories
- 1
- On market
- Feb 11, 2026
- Status changed
- Apr 15, 2026
- Annual tax
- $5,031
- Photos
- 57
- MLS#
- 10375574
- Area
- SALMON_ARM
Features and systems
Parking
Heating
Cash on cash
-11.65%
Cap rate
3.56%
GRM
16.7
Break-even rent
$7,397
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: 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
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.