550 Rainbow Drive Unit# 209
Kaslo, BC V0G1M0
$425,000
Amenities
Also listed: Storage - Locker, Party Room, Whirlpool
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $475/mo
- Annual property tax
- $2,866.12
Maintenance Fee Includes
Also included: Ground Maintenance, Insurance, Other, See Remarks, Reserve Fund Contributions
Interior
- Heating
- Baseboard heaters, Electric
- Fireplace
- Yes (2)
- Fireplace type
- Electric, Unknown
- Flooring
- Hardwood
Exterior & Lot
- Exterior features
- Other
- View
- Lake view, Mountain view, View of water, View (panoramic)
Building
- Roof
- Metal, Unknown
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Underground
Restrictions & Policies
- Rentals
- Allowed with restrictions
- Age / occupancy
- Adult-oriented (no young children)
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Den | Main level | 9'2'' x 7'8'' |
| Dining room | Main level | 12'2'' x 7'9'' |
| Partial bathroom | Main level | 8'1'' x 8'6'' |
| Full ensuite bathroom | Main level | 8' x 4'11'' |
| Primary Bedroom | Main level | 10' x 16'8'' |
| Living room | Main level | 12'2'' x 10'9'' |
| Kitchen | Main level | 9' x 8'1'' |
Listing Information
- MLS®
- 10397040
- Listed
- August 7, 2026
- Time on market
- On the market for 24 days
- Data last synced
- August 28, 2026
Listing provided by: Fair Realty (Kaslo) · Data source: CREA DDF.
Description
Enjoy easy waterfront living in this second-floor condo overlooking Kaslo Bay, Kootenay Lake, and the Purcell Mountains. This 1-bedroom plus den home features hardwood flooring, a bright open layout, and a private covered balcony where you can relax and take in the views. A private boat slip, secure underground parking, in-suite laundry, and a storage locker add to the everyday convenience. Residents enjoy beautifully maintained common areas, furnished lobbies, a recreation room, and an outdoor hot tub. Just minutes from downtown Kaslo, the golf course, shops, restaurants, and endless outdoor recreation, this home is well suited as a full-time residence, vacation getaway, or retirement retreat. Combining low-maintenance living with an exceptional waterfront setting, this is a wonderful opportunity to enjoy everything Kaslo has to offer. (id:63159)
Values & Trends
This listing
$567/sqft
Building average
$590/sqft
1 active listing(s)
Kaslo average
$516/sqft
4 active listing(s)
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
26
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 | 699 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 Bar499 m
- The Doghouse544 m
- The Corked Fork555 m
- Buddy's Front Street Pizzeria559 m
- Bluebelle Bistro · 347 Front Street610 m
Cafes (2)
- Teresa's Café573 m
- The Parlour646 m
Grocery (2)
- Cornucopia529 m
- Front Street Market574 m
Parks (3)
- Kaslo Bay Park360 m
- Front Street Park · 440 Front Street486 m
- Legacy Park703 m
Banks & ATMs (1)
- Kootenay Savings Credit Union524 m
Nearby places data: © OpenStreetMap contributors.
School district: Kootenay Lake (SD8)
Other Listings in This Building
Other units currently listed in the same building. 550 Rainbow Drive
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($21,250) — 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.