Property Type: Land / LotOwnership: Freehold

107 ATKINS ROAD

Salt Spring Island, BC V8K2X6

$3,000,000

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Property Details

Property & Lot

Lot size
1.86 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$8,865.39 (2025)

Interior

Fireplace
None

Listing Information

MLS®
R3076561
Listed
January 6, 2026
Time on market
On the market for 237 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Court order Sale. Development opportunity to complete a 12 unit strata complex featuring 8 DETACHED TOWNHOMES and 4 HALF-DUPLEX on a 81,000 sqft lot. Located minutes from Lower Ganges, and the Sea Plane Terminal, and situated adjacent to a strip-mall with grocery store, pharmacy, liquor store and amenities. Summerside Village amenities include a clubhouse with indoor pool, fitness center, kitchen, and guest suites. (id:63159)

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

33

4/9 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
Phoenix PlaceSecondary758 m
Gulf Islands SecondarySecondary770 m
Salt Spring ElementaryElementary1.1 km
Fernwood ElementaryElementary5.5 km
Crofton Elementary Community SchoolElementary9.6 km
Maple Bay ElementaryElementary11.6 km
Galiano Community SchoolElementary13.4 km
Queen of Angels School(Independent)Elementary/Middle14.6 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

Restaurants (3)

  • Golden Island Restaurant368 m
  • Uptown Pizza · 324 Lower Ganges Road411 m
  • Salt Spring Wild Cider House Kitchen544 m

Grocery (2)

  • Country Grocer · 374 Lower Ganges Road168 m
  • SALT JAR refillery · 346 Lower Ganges Road336 m

Parks (1)

  • Rainbow Road Recreation Centre630 m

Pharmacies (1)

  • Country Grocer Pharmacy · 374 Lower Ganges Road195 m

Nearby places data: © OpenStreetMap contributors.

School district: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($600,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,400,000.00
Periodic payment — Principal & Interest (monthly)$15,483.99
Additional monthly expenses (strata, tax, utilities, etc.)$738.78
Total monthly cost$16,222.77
Interest paid over 5-yr term$687,846.90
Balance at end of term$2,158,807.76

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$600,000
Stress test qualifying rate8.09%
Payment you must qualify for$18,455.16

Cash Needed at Closing

Minimum down payment$600,000
Estimated BC PTT$68,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$669,500

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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