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Investment signal

$624,900

341 2 Street SE

Save this home

Beds

Baths

Sqft

—

Year

1989

Type

Single Family

Suite

Investment signal

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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

READY FOR YOUR NEW HOME? Great investment opportunity or perfect for a first time home buyer. This home has so much potential with 3 bedrooms/2 baths. The main floor features 2 bedrooms and a very convenient layout that maximizes the square footage. Great enclosed & covered deck off the back above the garage. Use the entire home for yourself or suite the basement to help with your mortgage payments. Located on a mature tree lined street easy walking distance to the downtown core: shopping, restaurants, parks and trails. Run don't walk to see this affordable home. (id:65958)

Subtype: Single Family
Architectural style: Ranch
Structure: House
Community: SE Salmon Arm
Common interest: Freehold
Living area: 2,056 square feet
Lot size: 0.12 acres
Lot dimensions: 0.12
Parking: 1 total
Stories: 2
On market: Oct 24, 2025
Status changed: Apr 20, 2026
Annual tax: $3,588.07
Photos: 67
MLS#: 10366324
Area: SALMON_ARM

Features and systems

Parking

Attached Garage

Heating

Forced air

Cooling

Central air conditioning

Flooring

LaminateVinyl

Roof

Asphalt shingleUnknown

Community

Pets Allowed

Negative cash flow ~$712/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.83%

Cap rate

3.50%

GRM

16.7

Break-even rent

$3,874

Financing

Down payment$124,980

Loan amount$499,920

Mortgage$2,533/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$286

Insurance$80

Maintenance$521

CapEx reserve$260

Vacancy loss$156

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

Estimated $2,533/mo at 4.5% with 20% down, 30-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 20, 2026.