Property Type: Land / LotOwnership: Freehold

237 RAINBOW RIDGE Road

Procter, BC V1L0B6

$59,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.41 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$285.61

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
10382255
Listed
April 7, 2026
Time on market
On the market for 146 days
Data last synced
August 28, 2026

Listing provided by: Valhalla Path Realty · Data source: CREA DDF.

Description

This un-zoned property near the charming village of Procter has some character! it is .41 acre in size and is nicely tucked away at the top of Rainbow Ridge Rd. It will take some creativity to develop your building site in this private setting but the price is right. You will need to drill a well for water. Located only 2 KM from Procter and easy access to Kootenay Lake and the mountains for all your outdoor adventures. Also just 45 Minutes from Nelson. (id:63159)

Location Insights

Weather

Nearest station: Nelson

16°C

Humidity 65%

Wind E 4 km/h

Tonight

10°

Tuesday

27°

Tuesday night

13°

Wednesday

20°

Wednesday night

12°

Thursday

18°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Redfish Elementary SchoolElementary8.0 km
Crawford Bay Elem-SecondaryK-1210.2 km
des Sentiers-alpinsElementary/Middle21.5 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: Kootenay Lake (SD8)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($2,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$47,920.00
Periodic payment — Principal & Interest (monthly)$309.16
Additional monthly expenses (strata, tax, utilities, etc.)$23.80
Total monthly cost$332.96
Interest paid over 5-yr term$13,734.01
Balance at end of term$43,104.19

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$2,995
Stress test qualifying rate8.09%
Payment you must qualify for$437.58

Cash Needed at Closing

Minimum down payment$2,995
Estimated BC PTT$599
Legal / closing costs (typical estimate)$1,500
Total cash needed$5,094

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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