For Sale · Hospitality

21 & 61 Shuswap Street NW, Salmon Arm

21 & 61 Shuswap Street NW, Salmon Arm, BC V1E4N7

$958,000 total

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Asset Class

Hospitality

Size

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Building class

A

Zoning

CHY — Highway Corridor

$ / SF

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Occupancy

86%

Lot Size

0.27 ac

About this property

RARE PRIME CORNER OPPORTUNITY – DOWNTOWN SALMON ARM! This is your chance to own one of the most sought-after commercial locations in the heart of Salmon Arm! Situated at a high-traffic intersection on the Trans Canada Highway and Shuswap Street, this high-visibility corner property offers exceptional exposure to both vehicle and pedestrian traffic — ideal for any business looking to maximize its presence. Zoned for commercial use and spanning two separately titled lots, this property boasts over 11,000 sq ft of land and approximately 15+ dedicated parking spaces with direct access from both major roads. This is a true gem in the bustling downtown core, just steps from shops, services, and the waterfront — making it an unbeatable location for both investors and entrepreneurs. Currently leased to a successful restaurant (equipment and furnishings owned by tenant), this property provides immediate income potential with long-term flexibility for redevelopment or repurposing. Whether you're looking to expand your commercial portfolio or secure a flagship location in one of BC’s fastest-growing communities, this offering delivers on visibility, location, and opportunity. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$958K
Down payment30% · $287K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$58K

Annual cash flow

$4K

Cash-on-cash

1.56%

DSCR

1.08

Going-in cap

6.01%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

89,713

Households

36,778

Median income

$79,000

Median age

44.9

Daytime population

82,601

5-yr growth

2.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 21 & 61 Shuswap Street NW, Salmon Arm.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.