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1120 Shuswap Street SE, Salmon Arm

Property Description

Investment Opportunity with Development Upside Here’s your chance to own a fully rented 4-plex on a half-acre lot with approved plans in place to expand to 10 units. Whether you’re a seasoned investor or a builder looking for your next project, this property checks a lot of boxes. The current 4-plex brings in steady rental income, giving you cash flow while you line up your next steps. The lot is flat, easily accessible, and in a growing area with strong rental demand — all the groundwork is done. Approved Drawings and plans, engineering reports, environmental and more. Plans for an additional four plex and two units in the basement have already been approved, so you can hit the ground running. With location, income, and potential all working in your favour, this is a rare find. (id:47466)

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Full Address:
1120 Shuswap Street SE, Salmon Arm, British Columbia
Price:
$ 959,000
MLS Number:
10359451
List Date:
August 20th, 2025
Neighbourhood:
SE Salmon Arm
Lot Size:
0.5 ac
Year Built:
1960
Taxes:
$ 4,169

Property Details

Bedrooms:
8
Bathrooms:
4
Heating:
Forced air

Interior Features

Architectural Style:
Ranch
Storeys:
1
Sewer:
Municipal sewage system
Water:
Municipal water
Garage:
Additional Parking
Ownership Type:
Freehold
Taxes:
$ 4,169

Building Features

Finished Area:
2970 sq.ft.

Floors

Lot Size:
0.5 ac

Land

Neighbourhood Features

Ratings

Commercial Info

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Steve Thompson
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Agent: Jordan GrieveOffice: Homelife Salmon Arm Realty.Com

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