123 Smith Rd
Salt Spring, BC V8K2W9
$2,195,000
Property Details
Property & Lot
- Sub-type
- House
- Style
- Westcoast, Other
- Lot size
- 21,344 square feet
- Zoning
- Residential
R-01
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $168/mo
- Annual property tax
- $7,166
Interior
- Heating
- Heat Pump, Baseboard heaters, Hot Water, Other
- Cooling / A/C
- None
- Fireplace
- Yes (2)
- Appliances
- Washer, Refrigerator, Dishwasher, Range, Dryer, Microwave, Freezer, Oven - Built-In
Exterior & Lot
- View
- Ocean view
- Waterfront
- Waterfront on ocean
- Lot features
- Acreage, Private setting, Southern exposure, Wooded area, Sloping, Other, Marine Oriented, Moorage
Building
- Parcel ID (PID)
- 002-727-145
Parking
- Total spaces
- 6
Restrictions & Policies
- Pets
- Allowed with restrictions
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Lower level | 8'2 x 6'4 |
| Exercise room | Lower level | 18'6 x 35'0 |
| Games room | Lower level | 15'10 x 14'2 |
| Bathroom | Second level | 7'9 x 6'5 |
| Primary Bedroom | Additional Accommodation | 23'6 x 24'6 |
| Bathroom | Second level | 11'0 x 4'1 |
| Office | Second level | 31'0 x 15'0 |
| Bathroom | Second level | 4'9 x 7'9 |
| Bedroom | Second level | 12'0 x 15'0 |
| Bedroom | Second level | 14'0 x 15'0 |
| Bathroom | Main level | 6'0 x 5'10 |
| Laundry room | Main level | 13'0 x 10'0 |
| Ensuite | Main level | 10'8 x 14'0 |
| Primary Bedroom | Main level | 14'0 x 15'0 |
| Kitchen | Main level | 17'8 x 15'0 |
| Dining room | Main level | 13'0 x 15'0 |
| Living room | Main level | 13'0 x 20'0 |
| Entrance | Main level | 13'6 x 13'9 |
Listing Information
- MLS®
- 1032734
- Listed
- April 19, 2026
- Time on market
- On the market for 135 days
- Data last synced
- September 1, 2026
Listing provided by: Easy List Realty · Data source: CREA DDF.
Description
For more information, please click Brochure button. Salt Spring Island waterfront home for sale in coveted Musgrave Landing—an architecturally striking timber-frame residence on a private 0.5-acre oceanfront lot with a private dock and access to deep-water moorage. Offering approximately 5,264 sq ft over three levels, this road-accessible Gulf Islands retreat blends West Coast craftsmanship with modern luxury. The main home features 3 bedrooms plus a flexible full studio guest accommodation, 4 full bathrooms and 2 powder rooms, generous indoor–outdoor living, and an oversized two-car garage - 596 sq ft. Thoughtful extras include a fully equipped woodworking shop, dedicated cold storage, and a year-round golf simulator—all ideal for work, hobbies, and entertaining. Set within a well-managed Bare Land Strata, owners enjoy amenities rarely found on Salt Spring: a large community dock with deep-water moorage, plus a tennis/pickleball court and shared green spaces. From your dock it’s roughly a 10–15 minute boat ride to Cowichan Bay on Vancouver Island—perfect for groceries, the farmers’ market, dining, and services. An exceptional opportunity for a private oceanfront residence, vacation property, or retreat on Salt Spring Island. Experience Salt Spring Island’s best combination of waterfront, moorage, privacy, and access. Do not miss out! (id:63159)
Values & Trends
This listing
$451/sqft
Building average
—
No other active listings in this building
Musgrave Ocean Estates average
—
No comparable active listings
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
11
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
| School | Type | Distance |
|---|---|---|
| Bench Elementary | Elementary | 4.9 km |
| Ecole Cobble Hill Elementary | Elementary | 7.1 km |
| Sunrise Waldorf School(Independent) | Elementary/Middle | 7.9 km |
| Evergreen Independent School(Independent) | Elementary | 8.0 km |
| Maple Bay Elementary | Elementary | 8.6 km |
| George Bonner Elementary | Elementary | 9.3 km |
| Queen of Angels School(Independent) | Elementary/Middle | 9.8 km |
| Frances Kelsey Secondary | Secondary | 10.2 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
Parks (1)
- Musgrave Point Park70 m
Nearby places data: © OpenStreetMap contributors.
School district: Gulf Islands (SD64)
Similar Listings Nearby
No similar listings found nearby right now.
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Mortgage & Ownership Cost Calculator
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Financial Ledger
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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.