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Salmon Arm and Shuswap Real Estate
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  • 350, 380, 351, 381 Shuswap and 1st Street SE in Salmon Arm: Multi-family for sale : MLS®# 10384025

    350, 380, 351, 381 Shuswap and 1st Street SE Salmon Arm V1E 4H8
    Main Photo: 350, 380, 351, 381 Shuswap and 1st Street SE in Salmon Arm: Multi-family for sale : MLS®# 10384025

    350, 380, 351, 381 Shuswap and 1st Street SE Salmon Arm V1E 4H8

    $2,995,000
    Multi-family
    Status:
    Active
    MLS® Num:
    10384025
    Floor Area:
    9,400 sq. ft.
    This 1.22 acre assembly represents current investment revenue for immediate cash flow, coupled with the possibility of future development to high density. Situated in walkable location, in close proximity shopping centers and downtown Salmon Arm. The site currently consists of four lots under four separate titles, featuring a total of 16 rental units organized into four well-maintained fourplexes. These units are occupied by stable, long-term tenants on month-to-month agreements, providing a reliable revenue stream. The makeup consists of 15 two bedroom apartments and 1 one bedroom apartment, ranging in size from 450 square feet to 850 square feet. There is 1 two story home with 4 units, two one level with 4 units on crawl spaces and another one level on a full basement. The full basement has a shop space, storage and a shared laundry for the tenants providing another source of revenue. Designated parking and easy access for all tenants. The future potential of the combining of the lots and rezoning to a higher density is part of the Official Community Plan for Salmon Arm and lends itself to many different options to find the right project. (id:2493) More details
    Listed by Royal LePage Access Real Estate
    LISTING DETAILS
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Data was last updated May 10, 2026 at 10:15 PM (UTC)
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