464 Rainbow Drive Rare waterfront opportunity on Kootenay Lake, offering stunning views, private acreage, and outstanding income or multi-family potential. Set on 0.94 acres with direct water access and multi-unit boat storage, this property features four separate, fully self-contained living units. Home was re-built in 2003-2005. The main floor offers comfortable primary living quarters, while the spacious upper unit impresses with its own bedroom, bathroom, and a private balcony perfectly positioned to take in panoramic views of the lake and surrounding mountains. Two additional lower-level suites each include a full kitchen, dining and living area, in-suite laundry, full bathroom, large bedroom, and covered patio, offering comfort, privacy, and space for family or guests year-round. Outside, a detached commercial-grade laundry building with additional storage adds further practicality, while garden space provides room to grow, relax, or entertain. Whether you’re seeking a private waterfront retreat, a multi-generational family compound, or a turn-key income property, this home delivers exceptional flexibility and lakeside charm just minutes from downtown Kaslo. The waterfront also offers a covered 8 bay boat storage with 2 additional outside slips. Don’t miss this rare chance to own a true waterfront estate in beautiful Kaslo, BC, where mountain serenity meets lake living, and opportunity meets lifestyle. (id:203)