120 Bishops Walk Rd
Salt Spring, BC V8K2W3
$469,000
Property Details
Property & Lot
- Lot size
- 0.78 acres
- Zoning
- Residential
R10
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $1,729
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, Ocean view
Listing Information
- MLS®
- 1021922
- Listed
- December 16, 2025
- Time on market
- On the market for 258 days
- Data last synced
- August 28, 2026
Listing provided by: Pemberton Holmes - Salt Spring · Data source: CREA DDF.
Description
Introducing a fully serviced 0.78-acre lot in the heart of Salt Spring Island, within walking distance of Ganges. Sensational ocean, island, and harbour views! Services include a 2 GPM drilled well, approved sewer connection, and the option to connect to municipal (Mt. Maxwell) water. The property is ready for the dream home you have been designing in your mind, with an easy driveway to the prepared building site. Architectural plans exist for a two-bedroom + den home with a lower-level suite (secondary suite zone) incorporating a rainwater catchment system. This gently sloping freehold lot is bordered by a riparian corridor on a quiet no-through road...an intimate community of newly built and unique homes. Walk to town, enjoy stunning sunrises and evening harbour lights, and live close to daily amenities while feeling like you are floating above the bustle below. A rare opportunity to build an environmentally conscious home, ready for your contractor to bring to life. (id:63159)
Location Insights
Weather
Nearest station: Duncan
13°C
—
Humidity 92%
Wind SSW 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
22
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
| School | Type | Distance |
|---|---|---|
| Salt Spring Elementary | Elementary | 1.0 km |
| Phoenix Place | Secondary | 1.1 km |
| Gulf Islands Secondary | Secondary | 1.2 km |
| Fernwood Elementary | Elementary | 7.4 km |
| Crofton Elementary Community School | Elementary | 10.5 km |
| Maple Bay Elementary | Elementary | 11.2 km |
| Galiano Community School | Elementary | 13.2 km |
| Queen of Angels School(Independent) | Elementary/Middle | 14.2 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.
Nearby Places
Restaurants (3)
- Buzzy's Luncheonette782 m
- Saltspring Wok Bar798 m
- Arigato Sushi800 m
Cafes (2)
- BEACHSiDE Cafe · 163 Fulford-Ganges Road745 m
- Heart & Bone Provisions797 m
Parks (5+)
- Unnamed91 m
- Unnamed163 m
- Cudmore Height Park and Wilkie Way197 m
- Unnamed198 m
- Heiwa Peace Park732 m
Banks & ATMs (1)
- BMO Nesbitt Burns · Fulford-Ganges Road786 m
Nearby places data: © OpenStreetMap contributors.
School district: Gulf Islands (SD64)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($23,450) — 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.