Property Type: Land / LotOwnership: Strata

55 Cottonwood Drive N

Lee Creek, BC V0E1M4

$189,000

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Amenities

Also listed: Storage - Locker, Recreation Centre, Laundry - Coin Op, RV Storage, Party Room, Whirlpool, Clubhouse

Property Details

Property & Lot

Sub-type
Other
Lot size
0.05 acres
Frontage
34 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$318/mo
Annual property tax
$962.31

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, River view, View of water

Listing Information

MLS®
10384755
Listed
April 24, 2026
Time on market
On the market for 129 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty (Kamloops) · Data source: CREA DDF.

Description

A unique offering in Cottonwood Cove Resort. This fully fenced lot offers lake views, and privacy with it's unique location situated accross from common property gazebo. Steps from the beach, enjoy easy access to the lake, and ample storage for your beach toys with the kayak/SUP racks and storage shed. The perfect mix of green space and outdoor seating through the thoughtfully designed landscaping, complete with beautiful pavers, gazebo and firepit. Enjoy evenings around the fire while watching the sun set on the lake. Stratified, gated, and exclusive lakefront ownership that you must experience to believe. Years of memories are to be made at the complex's multiple amenities: 2 private beaches, 2 playgrounds, a pool & hot tub, games room & more. Participate in multiple events every summer, including Canada Day Parade, Christmas in July, Halloween in August, live music & games nights. Leave your chores behind as landscaping, year-round caretaker, hydro, water, sewer, & wifi included in your monthly strata fee. Income potential as nightly & seasonal rentals allowed. Embrace all the area has to offer with some of BC's best fishing right offshore at the mouth of the Adams River. (id:63159)

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 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

SchoolTypeDistance
Sorrento ElementaryElementary6.3 km
Haldane ElementaryElementary13.2 km
Chase Elementary-SecondaryElementary13.3 km
North Shuswap ElementaryElementary/Middle15.3 km
Carlin Elementary MiddleElementary/Middle19.1 km
Sun Peaks SchoolElementary/Middle22.7 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.

Nearby Places

Parks (1)

  • Tsútswecw Provincial Park631 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($9,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$151,200.00
Periodic payment — Principal & Interest (monthly)$975.49
Additional monthly expenses (strata, tax, utilities, etc.)$398.19
Total monthly cost$1,373.68
Interest paid over 5-yr term$43,334.35
Balance at end of term$136,004.89

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,450
Stress test qualifying rate8.09%
Payment you must qualify for$1,380.68

Cash Needed at Closing

Minimum down payment$9,450
Estimated BC PTT$1,890
Legal / closing costs (typical estimate)$1,500
Total cash needed$12,840

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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