Property Type: Land / LotOwnership: Strata

109 Skywater View

Salt Spring, BC V8K2W9

$1,100,000

0 bed0 bath10 parking
Get Directions

Property Details

Property & Lot

Lot size
6.22 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$283/mo
Annual property tax
$3,334.42

Interior

Fireplace
None

Parking

Total spaces
10

Listing Information

MLS®
1047094
Listed
August 18, 2026
Time on market
On the market for 13 days
Data last synced
August 28, 2026

Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.

Description

Discover an exceptional opportunity to build your dream estate on this 6.22-acre bare land property, offering sweeping panoramic views across the Gulf Islands, Mount Baker and Swartz Bay. A drilled well is already in place, providing a valuable head start for future development. The flexible zoning allows for a primary residence, separate cottage and accessory buildings, creating endless possibilities for a private retreat, guest accommodation, studio or workshop. With generous acreage, spectacular outlooks and multiple building options, this is a rare opportunity to create a truly special West Coast property! (id:63159)

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

SchoolTypeDistance
Deep Cove ElementaryElementary6.7 km
Parkland SecondarySecondary8.6 km
North Saanich Middle SchoolMiddle9.1 km
Bench ElementaryElementary10.1 km
Ecole Cobble Hill ElementaryElementary10.3 km
George Bonner ElementaryElementary10.7 km
Sidney ElementaryElementary10.9 km
Evergreen Independent School(Independent)Elementary11.3 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)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($85,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$880,000.00
Periodic payment — Principal & Interest (monthly)$5,677.46
Additional monthly expenses (strata, tax, utilities, etc.)$560.87
Total monthly cost$6,238.33
Interest paid over 5-yr term$252,210.53
Balance at end of term$791,562.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$85,000
Stress test qualifying rate8.09%
Payment you must qualify for$7,804.99

Cash Needed at Closing

Minimum down payment$85,000
Estimated BC PTT$20,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,500

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.

Request more information