108 Tern Rd
Salt Spring, BC V8K1G9
$1,299,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 1 acres
- Zoning
- Residential
R 6 (a)
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,508.61
Interior
- Heating
- Heat Pump, Electric, Propane, Wood
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (2)
Exterior & Lot
- View
- Mountain view, Ocean view
Parking
- Total spaces
- 5
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Lower level | 16'3 x 21'7 |
| Storage | Lower level | 12'2 x 25'4 |
| Exercise room | Lower level | 10'2 x 22'0 |
| Ensuite | Lower level | 13'10 x 7'8 |
| Bedroom | Lower level | 14'2 x 16'9 |
| Family room | Lower level | 11'4 x 21'7 |
| Ensuite | Second level | 4'6 x 8'2 |
| Bedroom | Second level | 12'2 x 13'7 |
| Ensuite | Second level | 10'4 x 8'6 |
| Primary Bedroom | Second level | 13'4 x 16'4 |
| Office | Second level | 17'2 x 11'3 |
| Pantry | Main level | 14'6 x 9'11 |
| Bathroom | Main level | 8'7 x 7'5 |
| Kitchen | Main level | 12'2 x 13'3 |
| Sunroom | Main level | 11'7 x 24'8 |
| Dining room | Main level | 27'1 x 11'1 |
| Living room | Main level | 27'1 x 22'0 |
Listing Information
- MLS®
- 1029949
- Listed
- March 31, 2026
- Time on market
- On the market for 153 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Duncan Realty Salt Spring Island · Data source: CREA DDF.
Description
Natural beauty meets refined design in this exceptional west coast ocean view home. The bright and airy main floor features a stunning great room with an impressive fireplace, where rich wood tones create an inviting, timeless space. A stylish sunroom and wrap-around decks showcase the dazzling ocean views. Three spacious bedrooms each have their own ensuite. The lower level is ideal for guests or as a BnB and also features a separate gym, plentiful storage, and an expansive covered deck. A large garage with Level 2 EV charger is perfect for storage, projects, or workshop. Meticulously maintained, the extensive upgrades include all required log maintenance, leaving the home in outstanding, move-in-ready condition. Outdoors, enjoy beautifully landscaped perennial gardens, raised beds, fruit trees, and water catchment supporting a sustainable island lifestyle. Located in upscale Channel Ridge, steps to extensive trails and minutes to town and ferry. Welcome to Spirit Lodge. (id:63159)
Values & Trends
This listing
$369/sqft
Building average
—
No other active listings in this building
Salt Spring average
$765/sqft
81 active listing(s)
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
15°C
—
Humidity 82%
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Fernwood Elementary | Elementary | 2.6 km |
| Phoenix Place | Secondary | 5.6 km |
| Gulf Islands Secondary | Secondary | 5.6 km |
| Salt Spring Elementary | Elementary | 6.0 km |
| Crofton Elementary Community School | Elementary | 6.9 km |
| Maple Bay Elementary | Elementary | 11.7 km |
| Chemainus Secondary | K-12 | 12.6 km |
| Chemainus Elementary Community School | Elementary | 13.2 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: Gulf Islands (SD64)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.1% ($104,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.