Sam and Annie Paquette - Paquette Real Estate Group Royal LePage Kelowna Paquette Realty
Questions? Call: (778) 721-0237
**Bankruptcy Liquidation** This R5-zoned high-density residential lot represents a premier development opportunity in one of British Columbia’s most sought after growth markets. Centrally located with commanding views of Shuswap Lake and the city skyline, the 0.41 acre site is perfectly positioned for a high-impact residential project. The property includes a legacy of previously approved plans for a 3-storey, 22-unit multi-family building, providing a substantial foundation for future permitting. Since the original design, provincial housing legislation and local zoning regulations regarding height and density have become significantly more flexible. Notably, a registered covenant on title permits construction of up to four storeys plus a basement, opening the door to a larger unit count and enhanced project scale that meets the modern demand for attainable urban housing. Situated just moments from the Shuswap Lake General Hospital, local schools, downtown amenities, and the iconic Salmon Arm Wharf, the location is ideal for high-density living. This asset is being offered at a price point that reflects its current market standing, providing an exceptional entry into the Shuswap development market. While new permits and plans are required to align with current codes, the prior approvals and R5 zoning make this one of the most shovel-ready urban sites in Salmon Arm. (id:6289)
| Avg. asking price | $777,551 |
| Price per sq. ft. | $355 |
| Median price | $634,900 |
| Number of homes for sale in Ne Salmon Arm | 123 |
| Number of homes for sale in Salmon Arm | 283 |
| Avg. Days on Market | N/A |
Vacant Land
Salmon Arm, British Columbia
Welcome To 870 16 Street Se In Beautiful Salmon Arm. This Lot Offers Endless Potential For Your Dream Home Or Investment Project. Located In A Quiet, Family-friendly Neighbourhood, This Gently Sloping Lot Is Ideally Situated Just Minutes Fr ...(more)
Vacant Land
Salmon Arm, British Columbia
Feel The Magic Of Salmon Arm's Sunsets From Your Own Private Vantage Point At Sunset Ridge. This 0.23-acre Bareland Parcel Offers A Chance To Build Your Dream Home Against A Backdrop Of Breathtaking Lake And Mountain Views. Imagine Evenings ...(more)
Vacant Land
Salmon Arm, British Columbia
Feel The Magic Of Salmon Arm's Sunsets From Your Own Private Vantage Point At Sunset Ridge. This 0.24-acre Bareland Parcel Offers A Chance To Build Your Dream Home Against A Backdrop Of Breathtaking Lake And Mountain Views. Imagine Evenings ...(more)
