Property Type: OtherOwnership: Freehold

10 Rainbow Lane

Lee Creek, BC V0E1M4

$179,500

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.06 acres
Frontage
36 feet

Ownership & Fees

Property type
Other
Ownership
Freehold
Strata / maintenance fee
$362/mo
Annual property tax
$902.12

Maintenance Fee Includes

WaterGarbageManagement

Also included: Cable TV, Ground Maintenance, Electricity, Insurance, Recreation Facilities, Reserve Fund Contributions, Sewer

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, River view, Valley view, View of water, View (panoramic)
Waterfront
Waterfront on lake

Listing Information

MLS®
10383481
Listed
May 19, 2026
Time on market
On the market for 104 days
Data last synced
August 28, 2026

Listing provided by: Riley & Associates Realty Ltd. · Data source: CREA DDF.

Description

You'll simply love this set up! This premium lot is located in a quiet section of the resort, perfect for a some peace and quiet. Features include 50 Amp service, septic, water, a snazzy gazebo on a great looking deck, lawn, concrete flower beds, gravel parking, custom acrylic shed, and custom cedar fencing. When you own in the Cottonwood Cove Resort, it is freehold ownership in a prime, 5-Star location on Shuswap Lake in Lee Creek. A short 5-minute drive from the Trans-Canada Highway over the Squilax Bridge brings you to this resort with over 3,000 feet of prime waterfront real estate. This provides a camping experience with a front row seat to nature, complete with urban services, amenities, and a sense of community. Park your rig here and have unlimited access to an on-site marina, boat launch, and year-round storage. Owners have the option of a private boat slip at extra cost, subject to availability. This community has a clubhouse, 2 substantial, sandy waterfront beaches, a full in-ground pool, numerous hiking trails, and the convenience of an on-site general store, all within the development. The lake is the main attraction here and waterfront activities abound. Golf Talking Rock, just a 10-minute drive. No worrying about where to park your RV or your boat for the winter, and no more missing out a spot due to overbooked campsites. You can now relax knowing your Shuswap spot is here and being taken care of by an experienced property management team in your absence. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

North Shuswap average

$528/sqft

19 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Salmon Arm

16°C

Humidity 84%

Wind SSE 5 km/h

Tonight

10°

Tuesday

25°

Tuesday night

14°

Wednesday

23°

Wednesday night

12°

Thursday

20°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Sorrento ElementaryElementary5.6 km
Haldane ElementaryElementary13.7 km
Chase Elementary-SecondaryElementary13.7 km
North Shuswap ElementaryElementary/Middle14.7 km
Carlin Elementary MiddleElementary/Middle18.4 km
Sun Peaks SchoolElementary/Middle23.5 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($8,975) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$143,600.00
Periodic payment — Principal & Interest (monthly)$926.46
Additional monthly expenses (strata, tax, utilities, etc.)$437.54
Total monthly cost$1,364.00
Interest paid over 5-yr term$41,156.17
Balance at end of term$129,168.66

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$8,975
Stress test qualifying rate8.09%
Payment you must qualify for$1,311.28

Cash Needed at Closing

Minimum down payment$8,975
Estimated BC PTT$1,795
Legal / closing costs (typical estimate)$1,500
Total cash needed$12,270

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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