Welcome to 1121 Shuswap Street SW, a rare opportunity to own a piece of local history. This 2.81-acre hobby farm has been cherished by the same family since 1920 and is located in the ALR with R-14 HIGH-DENSITY RESIDENTIAL ZONING, providing a perfect blend of rural potential and significant investment upside. For the forward-thinking investor, the R-14 designation (the successor to R-4) is a major asset, supporting up to 40 dwelling units per hectare and explicitly permitting multi-family dwellings, triplexes, and four-plexes. While the property’s inclusion in the Agricultural Land Reserve requires a ""Non-Farm Use"" or exclusion application for high-density development, its position in the heart of Salmon Arm makes it a prime candidate for future growth. The existing home spans over 3,000 square feet and features a basement designed with a separate suite layout in mind, offering excellent flexibility for a mortgage helper or dual-income rental stream while you navigate development plans. Outside, the park-like setting includes a pond that attracts herons, deer, and moose, all surrounded by established medicinal plants and a living fence for total privacy. Whether you are looking to raise animals and grow your own food or capitalize on the city's demand for medium-to-high density housing, this acreage provides an incredible canvas for a sustainable lifestyle or a profitable multi-unit project in the heart of Salmon Arm. (id:56537)