261 Alexander Street NE - Photo 1 of 37, Salmon Arm, British Columbia
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$559,900

261 Alexander Street NE — Salmon Arm, British Columbia

V1E4N3

2,581Sq Ft
1955Built

About This Property

Capture this solid piece of the downtown Salmon Arm core with this excellent mixed-use investment property. Perfectly situated on one of the busiest streets, this building offers high visibility and attracts significant foot and vehicle traffic, ideal for any business. The structure features 1200 square feet per floor. The main level's dedicated storefront retail space is currently occupied by a commercial tenant who has 14 months remaining on their lease, providing immediate and secure commercial income. The upper floor boasts a well-maintained residential suite (one bedroom plus a den) with an existing tenant on a month-to-month lease, ensuring dual streams of stable rental cash flow.This is a turnkey chance to own a commercial building in a rapidly growing community, offering both commercial stability and residential income with high visibility. Call today! (id:63357)

Property Location

Property Details

Property Type
Detached
Half Baths
0
Living Area
2,581 sqft
Year Built
1955
Status
Active

Location & Neighborhood

What's nearby 261 Alexander Street NE

Lifestyle Summary

Nestled in the heart of Salmon Arm, 261 Alexander Street Northeast offers an enviable transit-oriented lifestyle that seamlessly connects you to the best the area has to offer. Just a quick 2-minute stroll brings you to Okanagan Ave at 2nd St, where you can hop on a bus and reach your destination without hassle. With the Salmon Arm transit hub only 3 minutes away, commuting to work or exploring the surrounding towns is both convenient and stress-free. Start your mornings at the beloved Java Jive Neighbourhood Bistro, just a minute's walk from home. Enjoy a freshly brewed coffee and a delightful breakfast before heading out. For lunch, the Stillfood Bistro, also a mere minute away, serves up delicious, locally sourced meals that will satisfy even the most discerning foodie. When the day winds down, indulge in a casual dinner at Cantina Vallarta, a quick 2-minute jaunt, where you can savor authentic Mexican cuisine in a warm atmosphere. Nature lovers will find their haven with several parks nearby, perfect for leisurely strolls or invigorating jogs. The picturesque Ross Street Plaza is just a minute away, ideal for a quick escape into green space. A short 3-minute walk leads you to Fletcher's Park, where you can unwind by the serene pond or enjoy a picnic under the trees. For those who prefer a more scenic experience, Marine Pond and McGuire Lake Park are both just 6 minutes from your doorstep, offering trails and beautiful views to immerse yourself in nature. With shopping conveniently located at Askew's Foods, only 2 minutes away, daily errands become a breeze. Whether you’re picking up essentials or planning a weekend meal, the proximity of quality options allows for a stress-free shopping experience. At 261 Alexander Street Northeast, life is a harmonious blend of convenience, culinary delights, and natural beauty, making every day an opportunity to enjoy all that this vibrant area has to offer.

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Local Amenities

POI data updated recently

Salmon Arm Market Snapshot

216

Active Listings

$687K

Median Price

0

Avg Days on Market

Last updated: Dec 17, 2025

Listed by

Royal LePage Access Real Estate

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$559,900
Oakwyn Realty Ltd.

Oakwyn Realty Ltd.

Search Listings Online Inc.

3195 Oak St, Vancouver, BC V6H 2L2

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

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