6721 50th Street NE

Description

RARE DEVELOPMENT OPPORTUNITY! Secure a rare four-title land assembly in Salmon Arm and unlock the potential of (together spanning) ~5.88 acres all designated as Medium Density w/i the OCP; thus, rezoning to a Medium Density Zone (likely R14) would be supported by the City of Salmon Arm. Townhouses would be an option for development. One of four neighbouring properties (each w/ separate Seller & Title), this strategic offering presents a prime opportunity to create a thoughtfully planned residential subdivision in this growing community. The scale & configuration provide flexibility for an efficient site layout & long-term value creation. Positioned near North Canoe Public School, local grocery & restaurant - the location blends convenience w/ lifestyle appeal. Future residents will enjoy walking access to Canoe Beach on Shuswap Lake & seamless connectivity to the Trans-Canada Highway, offering easy commuting - enhancing the Land Assembly's appeal for developers & investors. Capitalize on rising housing demand & shape the next chapter of Salmon Arm’s residential landscape w/ this exceptional development opportunity. Home (1973) & outbuildings on property are being sold ""as is, where is"". See EXCLUDED Items. Seller's first preference is to sell this property MLS® 10376690 (PID: 004-787-226) within a Land Assembly which includes this property & the following three land titles: MLS® 10376691 (PID: 009-603-794), MLS® 10376692 (PID: 009-632-867) and PID: 005-291-461 (not on MLS®). (id:63159)

Property Details

Annual property tax

$0

Brokerage

Real Broker B.C. Ltd

Location Insights

Population

19,432

(2021 Census)

+9.7% since 2016

Density

125.2/km²

Dwellings

8,517

Median household income

$75,000

After-tax

$68,000

Immigrant population

10.2%

Top countries of origin

• United Kingdom2.4% · 460
• United States of America1.1% · 210
• Germany0.9% · 170
• Netherlands0.7% · 145
• Philippines0.7% · 140
• Poland0.3% · 55
• China0.3% · 55
• India0.3% · 50

Source: Statistics Canada, 2021 Census of Population.

Weather

24°C

—

Humidity 53%

Wind NNE 6 km/h

Today

24°

Tonight

14°

Thursday

22°

Thursday night

6°

Friday

20°

Friday night

8°

Source: Environment and Climate Change Canada.