141 Shuswap Street Ne, Salmon Arm
Excellent investment opportunity in the heart of downtown Salmon Arm. This 6,600 sq. ft. commercial building is fully leased to Skookum with a 6-year lease in place, providing an investor with stable income from day one and an approximate 6.5% cap rate. The building offers approximately 3,300 sq. ft. on each of its two levels, making excellent use of its downtown lot. Several significant capital improvements have already been completed, including updates to the roof and HVAC systems. With a long-term tenant in place, strong return and a central downtown location, this is a solid opportunity for an investor looking to add a well-positioned income-producing commercial property to their portfolio. (id:1945)
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Property details for 141 Shuswap Street Ne, Salmon Arm
- Type
- Commercial
- Living Area
- 6,600 square feet
- Lot Size
- 0.11
- Heating
- Other
- Cooling
- Central air conditioning
- Annual Taxes
- $9,877
Nearby Listings Stat
Estimated price and comparable properties near 141 Shuswap Street Ne
Active Listings
139
Min Price
$229,000
Max Price
$6,500,000
Avg Price
$813,529
Days on Market
119
days
Sold Listings
25
Min Sold Price
$279,900
Max Sold Price
$3,500,000
Avg Sold Price
$796,104
Days until Sold
110
days
Neighbourhood Census Data
Salmon Arm, British Columbia / Colombie-Britannique
Population
485
Median Age
62.7
Median Income
$28,480
Dwelling Value
$399,724
Housing Tenure
Owners 46%
Renters 51%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.9
Pop. Density: 679.7/km²
Avg Shelter Cost: $981/mo
Owners with Mortgage: 35.3%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 52.6%
English only: 92.2%
English and French: 7.8%
Neither: 1.3%
Median Household Income: $50,560
Median Employment Income: $23,552
Price History
Listed
September 16, 2026
by Homelife Salmon Arm Realty.Com
Current Price
$1,099,000
Type
Commercial
For Sale