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Investment signal

$479,900

520 6 Street SE

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Beds

2

Baths

1

Sqft

Year

1947

Type

Single Family

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

PERFECT STARTER OR INVESTMENT PROPERTY - Located close to downtown this 2 bedroom 1 bathroom home on a spacious, fenced, corner lot has been updated over the past several years. In 2010 the kitchen was updated, as were most of the windows, flooring, drywall, wiring and plumbing. 2016 included a new furnace and new roof. New appliances were added in 2019. The bathroom was completely renovated in 2024 including a tankless hot water system. Come take a look at this great value priced property. Quick possession possible. (id:65958)

Subtype
Single Family
Architectural style
Ranch
Structure
House
Community
SE Salmon Arm
Common interest
Freehold
Living area
894 square feet
Lot size
0.14 acres
Lot dimensions
0.14
Stories
1
Fireplace
1
On market
Mar 6, 2026
Status changed
May 3, 2026
Annual tax
$2,419.63
Photos
51
MLS#
10377410
Area
SALMON_ARM

Features and systems

Parking

Street

Basement

Crawl space

Appliances

WasherRefrigeratorRange - ElectricDishwasherDryer

Heating

Baseboard heatersRadiant/Infra-red HeatElectricSee remarks

Cooling

Window air conditioner

Exterior

Wood

Flooring

TileLinoleumWood

Roof

Asphalt shingleUnknown

Lot

Corner Site

Community

Pets AllowedRentals Allowed

View

Mountain view
Negative cash flow ~$565/mo at these assumptions

Cash on cash

-7.07%

Cap rate

3.45%

GRM

16.7

Break-even rent

$2,995

Financing

Down payment$95,980
Loan amount$383,920
Mortgage$1,945/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$220
Insurance$80
Maintenance$400
CapEx reserve$200
Vacancy loss$120

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.

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.

Mortgage estimate

Estimated $1,945/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 May 3, 2026.

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