$369,000
5661 SALMON DRIVE
Beds
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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
Lot 1 Salmon Drive offers a rare opportunity in the heart of Sechelt´s Village. With unique R4 zoning, this property allows for multiple options, including up to two legal addresses-ideal for investors or multi-family living. All services are at the lot line with two water hook-ups in place, and a concrete driveway is already installed. Selective limbing of trees offers the potential for an ocean view, adding lifestyle and value. Its central location means you´re steps to shops, restaurants, schools, and the waterfront, while enjoying the flexibility this special zoning provides. A versatile and well-situated lot ready for your vision. (id:65958)
- Subtype
- Vacant Land
- Common interest
- Freehold
- Lot size
- 10,785 square feet
- Lot dimensions
- 10785
- On market
- Apr 14, 2026
- Status changed
- Apr 15, 2026
- Annual tax
- $1,774.18 (2024)
- Photos
- 9
- MLS#
- R3111384
- Area
- SECHELT
Features and systems
Lot
Cash on cash
-3.93%
Cap rate
5.10%
GRM
12.8
Break-even rent
$2,654
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 Sechelt. 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.