Property Type: Detached HouseOwnership: Freehold

2633 Squilax Anglemont Road Unit# 141

Lee Creek, BC V0E1M5

$199,500

3 bed2 bath2 parking0 sqftBuilt 2008
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Amenities

Also listed: RV Storage, Cable TV

Property Details

Property & Lot

Sub-type
House
Stories
3
Lot size
0.06 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$746/mo
Annual property tax
$942

Maintenance Fee Includes

WaterGarbageManagement

Also included: Ground Maintenance, Insurance, Other, See Remarks, Reserve Fund Contributions, Sewer

Interior

Heating
Other
Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View of water, View (panoramic)

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
2

Room Dimensions

RoomLevelDimensions
Utility roomBasement12'0'' x 8'0''
3pc Ensuite bathSecond level5'0'' x 9'0''
Primary BedroomSecond level9'0'' x 15'0''
BedroomMain level11'0'' x 9'0''
BedroomMain level10'0'' x 9'0''
3pc BathroomMain level5'0'' x 8'6''
Living roomMain level16'0'' x 10'0''
Dining roomMain level9'0'' x 10'0''
KitchenMain level9'0'' x 10'0''

Listing Information

MLS®
10369789
Listed
November 21, 2025
Time on market
On the market for 283 days
Data last synced
August 28, 2026

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

Description

Investor alert! Perched on a premium, south-facing, water view lot in the heart of Gateway Lakeview Resort in Lee Creek, this unfinished, 2008 built, 3-level cottage with huge basement-level tandem garage, could be the perfect opportunity to pick up some huge equity! This home is at lock-up stage with electrical & plumbing already roughed in and insulation in the walls, a solid start to a cozy cottage! Come and take a look at this diamond in the rough to see if it fits your ability to complete the project. Your gain in equity could far outweigh the effort that you put in. This gated community is open year-round, allowing all to enjoy a myriad of year-round recreational activities in all four seasons. Private Lake access features a large beach area with a daytime dock. Zoning allows for 182 days of usage per year. Rent this cottage out to easily recoup the monthly fee of $746.45 and then enjoy the rest of the time yourself. With every new property sold, the HOA fee will be reduced and that will be reflected in future annual budgets. Undivided Interest properties are typically an ‘all cash’ purchase but here, the Seller will lend any qualified buyer a mortgage at competitive rates with a minimum 25% down payment! It does not get any better than this for the money! On top of that, the Buyer will receive a Buyer credit from the developer on closing in the amount of $4500 to combat 6 months of fees. Book your appointment to view, you must see it to believe it! (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

North Shuswap average

$485/sqft

74 active listing(s)

Parking: 2 stall(s) includedStorage 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 ElementaryElementary5.8 km
Haldane ElementaryElementary14.2 km
Chase Elementary-SecondaryElementary14.3 km
North Shuswap ElementaryElementary/Middle14.3 km
Carlin Elementary MiddleElementary/Middle18.6 km
Sun Peaks SchoolElementary/Middle23.6 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% ($9,975) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$159,600.00
Periodic payment — Principal & Interest (monthly)$1,029.69
Additional monthly expenses (strata, tax, utilities, etc.)$824.95
Total monthly cost$1,854.64
Interest paid over 5-yr term$45,741.82
Balance at end of term$143,560.72

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,975
Stress test qualifying rate8.09%
Payment you must qualify for$1,457.38

Cash Needed at Closing

Minimum down payment$9,975
Estimated BC PTT$1,995
Legal / closing costs (typical estimate)$1,500
Total cash needed$13,470

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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