Property Type: Condo / ApartmentOwnership: Strata

123 Swan Point Rd

Salt Spring, BC V8K2X5

$4,675,000

2 bed3 bath6 parking3,442 sqftBuilt 1928
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Property Details

Property & Lot

Sub-type
House
Lot size
1.34 acres
Zoning
Rural residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$100/mo
Annual property tax
$14,552.26

Interior

Heating
Baseboard heaters, Electric, Other
Cooling / A/C
None
Fireplace
Yes (2)

Exterior & Lot

Waterfront
Waterfront on ocean

Parking

Total spaces
6 — covered indicated
Features
Carport

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

RoomLevelDimensions
StorageMain level
BathroomMain level
LibraryMain level
StudioMain level
EnsuiteMain level
BedroomMain level
Sitting roomMain level
EnsuiteMain level
Primary BedroomMain level
Dining nookMain level
Living roomMain level
Dining roomMain level
KitchenMain level

Listing Information

MLS®
1037951
Listed
May 28, 2026
Time on market
On the market for 96 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada SSI · Data source: CREA DDF.

Description

Set on a wide 1.34 acre stretch of westside shoreline c.1928, this very special oceanfront home and complementing two bedroom guest house are a place where family and friends come to visit, relax and enjoy each other and all that Salt Spring Island has to offer. The charismatic beach house references tradition within a context of the here and now. Open beamed ceilings, wide plank floors, and a massive stone fireplace lend timeless elements while a professional chef's kitchen features a spectacular 16 foot island, La Cornue range, Sub Zero refrigeration and masses of stone bench tops. Inviting dining hall. Sequestered family room. Private walkout bedroom suites. Sun flooded studio space. Exquisite dual garden courtyards. Al fresco dining patios. Lush level lawns with gentle staircase to water's edge. Classic and cohesive design with a character only time can create. The best in beach house living! (id:63159)

Values & Trends

This listing

$1,358/sqft

Building average

No other active listings in this building

Salt Spring average

$782/sqft

8 active listing(s)

Parking: 6 stall(s) includedStorage locker: Not indicated

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

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.

Nearby Schools

SchoolTypeDistance
Phoenix PlaceSecondary3.2 km
Gulf Islands SecondarySecondary3.3 km
Salt Spring ElementaryElementary3.6 km
Fernwood ElementaryElementary4.8 km
Crofton Elementary Community SchoolElementary7.0 km
Maple Bay ElementaryElementary10.0 km
Queen of Angels School(Independent)Elementary/Middle13.0 km
Alex AitkenElementary13.2 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($935,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,740,000.00
Periodic payment — Principal & Interest (monthly)$24,129.21
Additional monthly expenses (strata, tax, utilities, etc.)$1,484.69
Total monthly cost$25,613.90
Interest paid over 5-yr term$1,071,894.75
Balance at end of term$3,364,142.10

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$935,000
Stress test qualifying rate8.09%
Payment you must qualify for$28,759.29

Cash Needed at Closing

Minimum down payment$935,000
Estimated BC PTT$151,750
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,088,250

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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