Property Type: OtherOwnership: Freehold

Marina Way Unit# 11

Lee Creek, BC V0E1M4

$199,500

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.07 acres
Frontage
48 feet

Ownership & Fees

Property type
Other
Ownership
Freehold
Strata / maintenance fee
$357/mo
Annual property tax
$1,100

Maintenance Fee Includes

WaterGarbageManagement

Also included: Other, See Remarks, Reserve Fund Contributions, Sewer

Interior

Fireplace
None

Restrictions & Policies

Pets
Restrictions apply

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
10373127
Listed
January 19, 2026
Time on market
On the market for 224 days
Data last synced
August 28, 2026

Listing provided by: Fair Realty (Sorrento) · Data source: CREA DDF.

Description

Searching for the perfect lakeside escape where summer feels endless? Welcome to Cottonwood Cove Resort, a prestigious and secure seasonal waterfront community on the shores of the Big Shuswap. #11 Marina Way is one of the resort’s largest and most desirable freehold bare land strata lots, backing directly onto the tranquil Cove and just steps from the pool — an exceptional opportunity to own your own piece of Shuswap paradise. This oversized lot offers over 60 feet of depth, ideal for large RV accommodation, and features a spacious wooden patio deck, manicured grassy area, gravel pad, storage shed, 50-amp service, community water and septic, WiFi, onsite propane filling station, year-round storage, and full fencing for privacy and peace of mind for children and pets. Owners enjoy access to sandy beaches on both the Cove and Shuswap Lake, marina and boat launch, clubhouse, laundry facilities, pool and hot tub, with private boat slips available at additional cost. Spend your days boating, fishing at the mouth of the Adams River, hiking, biking, golfing, or relaxing with a cool drink as the sun sets over the water. Dining, shopping, and adventure are all nearby. Nightly and seasonal rentals permitted for excellent income potential. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

North Shuswap average

$528/sqft

19 active listing(s)

Parking: Not indicatedStorage 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 ElementaryElementary5.6 km
Haldane ElementaryElementary13.7 km
Chase Elementary-SecondaryElementary13.8 km
North Shuswap ElementaryElementary/Middle14.6 km
Carlin Elementary MiddleElementary/Middle18.4 km
Sun Peaks SchoolElementary/Middle23.5 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.)$448.28
Total monthly cost$1,477.96
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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