464 Rainbow Drive
Kaslo, BC V0G1M0
$2,100,000
Property Details
Property & Lot
- Sub-type
- Fourplex
- Stories
- 3
- Lot size
- 0.94 acres
Ownership & Fees
- Property type
- Fourplex
- Ownership
- Freehold
- Annual property tax
- $8,611.86
Interior
- Heating
- Forced air, See remarks
- Cooling / A/C
- Heat Pump
- Fireplace
- Yes (3)
- Fireplace type
- Wood, Conventional, Propane, Unknown
- Flooring
- Hardwood, Laminate, Carpeted
Exterior & Lot
- View
- City view, Lake view, Mountain view
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 20 — uncovered indicated
- Features
- Oversize
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Other | Main level | 13'4'' x 15'1'' |
| Bedroom | Lower level | 9'0'' x 12'11'' |
| Laundry room | Lower level | 4'10'' x 8'8'' |
| Full bathroom | Lower level | — |
| Mud room | Lower level | 4'4'' x 5'3'' |
| Dining room | Lower level | 10'2'' x 15'7'' |
| Living room | Lower level | 7'6'' x 6'7'' |
| Other | Lower level | 18'4'' x 11'3'' |
| Full bathroom | Lower level | — |
| Bedroom | Lower level | 9'4'' x 14'5'' |
| Laundry room | Lower level | 4'7'' x 6'7'' |
| Kitchen | Lower level | 5'10'' x 11'8'' |
| Dining room | Lower level | 5'10'' x 8'5'' |
| Living room | Lower level | 9'5'' x 14'8'' |
| Other | Second level | 15'0'' x 11'8'' |
| Bedroom | Second level | 12'4'' x 16'5'' |
| Laundry room | Second level | 3'5'' x 5'11'' |
| Full bathroom | Second level | — |
| Kitchen | Second level | 9'7'' x 12'9'' |
| Dining room | Second level | 7'5'' x 8'8'' |
| Living room | Second level | 15'0'' x 18'0'' |
| Mud room | Second level | 6'0'' x 7'0'' |
| Laundry room | Main level | 8'1'' x 12'5'' |
| Full bathroom | Main level | — |
| Full ensuite bathroom | Main level | 9'9'' x 10'11'' |
| Other | Main level | 7'8'' x 8'7'' |
| Primary Bedroom | Main level | 15'1'' x 14'3'' |
| Dining room | Main level | 7'7'' x 21'11'' |
| Living room | Main level | 15'10'' x 21'11'' |
| Pantry | Main level | 6'3'' x 13'2'' |
| Kitchen | Main level | 10'4'' x 13'0'' |
| Mud room | Main level | 8'9'' x 6'8'' |
Listing Information
- MLS®
- 10393826
- Listed
- July 8, 2026
- Time on market
- On the market for 54 days
- Data last synced
- August 28, 2026
Listing provided by: Fair Realty (Nelson) · Data source: CREA DDF.
Description
Rare waterfront opportunity on Kootenay Lake, offering stunning views, private acreage, and outstanding income or multi-family potential. Set on 0.94 acres with direct water access and multi-unit boat storage, this property features four separate, fully self-contained living units. Home was re-built in 2003-2005. The main floor offers comfortable primary living quarters, while the spacious upper unit impresses with its own bedroom, bathroom, and a private balcony perfectly positioned to take in panoramic views of the lake and surrounding mountains. Two additional lower-level suites each include a full kitchen, dining and living area, in-suite laundry, full bathroom, large bedroom, and covered patio, offering comfort, privacy, and space for family or guests year-round. Outside, a detached commercial-grade laundry building with additional storage adds further practicality, while garden space provides room to grow, relax, or entertain. Whether you’re seeking a private waterfront retreat, a multi-generational family compound, or a turn-key income property, this home delivers exceptional flexibility and lakeside charm just minutes from downtown Kaslo. The waterfront also offers a covered 8 bay boat storage with 2 additional outside slips. Don’t miss this rare chance to own a true waterfront estate in beautiful Kaslo, BC, where mountain serenity meets lake living, and opportunity meets lifestyle. (id:63159)
Values & Trends
This listing
$619/sqft
Building average
—
No other active listings in this building
Kaslo average
—
No comparable active listings
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: 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.
Population
1,049
(2021 Census)
+8.4% since 2016
Density: 348.5/km²
Dwellings: 583
Median household income: $56,000
After-tax: $53,200
Immigrant population: 18%
Top countries of origin (% of total population)
- United States of America7.1% · 75
- Germany2.4% · 25
- United Kingdom2.4% · 25
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
30
5/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| J V Humphries Elem-Secondary | K-12 | 587 m |
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.
Nearby Places
Restaurants (5+)
- Waypoint Restaurant and Bar465 m
- The Doghouse511 m
- The Corked Fork527 m
- Buddy's Front Street Pizzeria533 m
- Bluebelle Bistro · 347 Front Street601 m
Cafes (2)
- Teresa's Café562 m
- The Parlour646 m
Grocery (2)
- Cornucopia502 m
- Front Street Market554 m
Parks (3)
- Kaslo Bay Park205 m
- Front Street Park · 440 Front Street445 m
- Legacy Park666 m
Banks & ATMs (1)
- Kootenay Savings Credit Union481 m
Nearby places data: © OpenStreetMap contributors.
School district: Kootenay Lake (SD8)
Similar Listings Nearby
No similar listings found nearby right now.
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($420,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.