Property Type: Detached HouseOwnership: Freehold

10647 Olsen Rd

Saltair, BC V9G2B1

$1,279,000

3 bed2 bath10 parking1,718 sqftBuilt 2021
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Property Details

Property & Lot

Sub-type
House
Lot size
18,295 square feet
Zoning
Residential

residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,040.47

Interior

Heating
Heat Pump, Forced air, Electric
Cooling / A/C
See Remarks
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view

Parking

Total spaces
10

Room Dimensions

RoomLevelDimensions
EntranceMain level12'0 x 9'6
BathroomMain level4-Piece
EnsuiteMain level5-Piece
Laundry roomMain level6'2 x 7'5
BedroomMain level11'7 x 11'0
BedroomMain level11'7 x 11'0
Primary BedroomMain level12'4 x 16'3
EntranceMain level9'0 x 7'6
Dining roomMain level13'8 x 11'8
KitchenMain level15'6 x 8'10
Living roomMain level19'0 x 18'0

Listing Information

MLS®
1043579
Listed
July 20, 2026
Time on market
On the market for 42 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Generation (CH) · Data source: CREA DDF.

Description

Live the Island Lifestyle in Beautiful Sunny Saltair! Welcome to one of Central Vancouver Island’s most desirable communities. Built in 2021, this immaculate 3-bedroom, 2-bathroom rancher offers 1,718 sq. ft. of thoughtfully designed living space on a private and sunny 0.42-acre lot. The home includes a spacious double garage plus a detached 500 sq. ft. garage/workshop—perfect for hobbies, storage, or extra parking. This like-new home meets Step 5 of the BC Energy Step Code with an impressive EnerGuide rating of 48, ensuring top-tier energy efficiency. Features include 9’ ceilings, a heat pump, casement windows, motorized blinds, a cozy 42” fireplace, built-in TV cabinet, and 3-point locking 8’ exterior doors. High-quality finishes shine throughout, with full glue-down hardwood floors and quartz countertops in the kitchen and baths. The stunning primary suite boasts a 5-piece ensuite and walk-in closet. Additional highlights: wired for hot tub, new pressurized septic system, new appliances, ColorPlus HardiePlank siding, and ample parking—including room for your RV. Enjoy the outdoors on your covered front patio or retreat to your peaceful backyard oasis. Rarely do homes like this come available—don’t miss your chance to own a truly special Saltair property. Call today for your private showing! (id:63159)

Values & Trends

This listing

$744/sqft

Building average

No other active listings in this building

Saltair average

$459/sqft

7 active listing(s)

Parking: 10 stall(s) includedStorage 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: Duncan

14°C

Humidity 86%

Wind NNW calm km/h

Tonight

12°

Tuesday

21°

Tuesday night

14°

Wednesday

16°

Wednesday night

11°

Thursday

17°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 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

SchoolTypeDistance
Chemainus Elementary Community SchoolElementary2.7 km
Chemainus SecondaryK-123.3 km
Stz'uminus Senior Secondary(Independent)Secondary5.0 km
Ladysmith PrimaryElementary6.6 km
Ladysmith SecondarySecondary6.9 km
Ladysmith IntermediateElementary7.0 km
Thetis Island ElementaryElementary7.9 km
North Oyster ElementaryElementary12.5 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.

Nearby Places

Parks (1)

  • Diana, Princess of Wales Wilderness Park479 m

Nearby places data: © OpenStreetMap contributors.

School district: Cowichan (SD79)

Mortgage & Ownership Cost Calculator

Minimum required: 8.0% ($102,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,023,200.00
Periodic payment — Principal & Interest (monthly)$6,601.34
Additional monthly expenses (strata, tax, utilities, etc.)$506.04
Total monthly cost$7,107.38
Interest paid over 5-yr term$293,252.06
Balance at end of term$920,371.71

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$102,900
Stress test qualifying rate8.09%
Payment you must qualify for$9,043.80

Cash Needed at Closing

Minimum down payment$102,900
Estimated BC PTT$23,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$127,980

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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