- Active
#204 – 550 Rainbow Drive
Kaslo · Single Family
- Beds
- 1
- Baths
- 2
- Sqft
- 746
- Built
- 2006
Listed by Fair Realty (Kaslo) · MLS® 10395367
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Sign inAbout this home
This second-floor waterfront condo offers an exceptional opportunity to enjoy low-maintenance living with stunning views of Kaslo Bay, Kootenay Lake, and the Purcell Mountains. A covered patio provides the perfect place to take in the scenery rain or shine, while a private boat slip makes it easy to spend your days on the water. The floor plan offers a spacious primary bedroom with a full ensuite, a versatile den that works well as a guest room, office, or hobby space, and an additional two-piece bathroom. Large windows bring in plenty of natural light, while in-suite laundry, secure underground parking, and a private storage locker add everyday convenience. Residents enjoy beautifully maintained common areas, furnished lobbies, a recreation room, and an outdoor hot tub. Whether you're relaxing on your covered patio, heading down to your boat, or taking a stroll along the lake, the setting encourages an active yet peaceful lifestyle. Just minutes from downtown Kaslo, the golf course, shops, restaurants, and a variety of hiking and recreational trails, this home is well suited to those looking for a full-time residence, a lock-and-leave vacation property, or a comfortable place to retire. Combining waterfront living with convenience and easy access to everything Kaslo has to offer, this is a property you'll enjoy in every season.
Home facts
- Bedrooms
- 1
- Bathrooms
- 1 full + 1 half
- Interior
- 746 sq ft
- Year built
- 2006
- Storey
- 1
- Parking
- 1
- Property type
- Single Family
- Fireplace
- 1
- Area
- Kaslo
- Style
- Contemporary
- Listed
- July 23, 2026
- Structure
- Apartment
- PID
- 027-024-903
- Common interest
- Condo/Strata
Highlights
- Mountain view
- Waterfront
- Pool
- In-suite laundry
- Patio
- Hot tub
- Storage locker
- Party room
Features and inclusions
- Appliances
- Refrigerator, Range - Electric, Dishwasher, Microwave, Hood Fan, Washer & Dryer, Water Heater - Electric
- Heating
- Baseboard heaters, Electric
- Cooling
- Window air conditioner
- Flooring
- Tile, Laminate, Wood
- Roof
- Metal, Unknown
- Parking
- Underground
- Lot
- Balcony
- Community
- Adult Oriented, Rentals Allowed With Restrictions
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
- Utilities
- Water, Electricity, Telephone
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $2,085
- Property tax
- $125/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,360
Purchase snapshot
- List price
- $440,000
- Down payment
- $88,000 (20%)
- Estimated mortgage
- $352,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $2,938
- At 6.6774 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Floodplain
- Mapped floodplain
- Sits in a provincially mapped floodplain. Expect flood-related insurance and financing conditions.
- Wildfire interface
- Extreme risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 55%
Who lives here
Documents
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