Property Type: Land / LotOwnership: Freehold

LOT 3 RAINBOW DRIVE

Canim Lake, BC V0K1J0

$98,000

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Property Details

Property & Lot

Lot size
0.48 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$443.96 (2026)

Interior

Fireplace
None

Listing Information

MLS®
R3147471
Listed
July 17, 2026
Time on market
On the market for 45 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: eXp Realty (100 Mile) · Data source: CREA DDF.

Description

Views down the valley! Discover the perfect spot for your Cariboo home with this fantastic half-acre lot in Canim Lake Estates! Lot 3 is a private, tree-filled site offers an idyllic setting for building. Just a stone’s throw away from the stunning Canim Lake, the largest lake in South Cariboo, you’ll have endless opportunities for recreation. Must be sold with Lot 2, available on MLS, right next door - perfect for added privacy and investment! The lot has community water, power and internet at the road. (id:63159)

Location Insights

Weather

Nearest station: 100 Mile House

Cloudy

15°C

Cloudy

Humidity 59%

Wind SE 9 km/h

Tonight

12°

Tuesday

24°

Tuesday night

15°

Wednesday

21°

Wednesday night

12°

Thursday

18°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Forest Grove ElementaryElementary12.8 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: Cariboo-Chilcotin (SD27)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($4,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$78,400.00
Periodic payment — Principal & Interest (monthly)$505.81
Additional monthly expenses (strata, tax, utilities, etc.)$37.00
Total monthly cost$542.81
Interest paid over 5-yr term$22,469.67
Balance at end of term$70,521.05

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$4,900
Stress test qualifying rate8.09%
Payment you must qualify for$715.91

Cash Needed at Closing

Minimum down payment$4,900
Estimated BC PTT$980
Legal / closing costs (typical estimate)$1,500
Total cash needed$7,380

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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