Property Type: Detached HouseOwnership: FreeholdNEW LISTING

129 Mariko Pl

Salt Spring, BC V8K1E1

$1,595,000

3 bed3 bath5 parking2,713 sqftBuilt 1989
Get Directions

Property Details

Property & Lot

Sub-type
House
Style
Log house/cabin
Lot size
6.58 acres
Zoning
Rural residential

R(f)

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,202

Interior

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

Exterior & Lot

View
Ocean view
Lot features
Acreage, Cul-de-sac, Private setting, Wooded area, Other

Building

Parcel ID (PID)
000-276-936

Parking

Total spaces
5

Room Dimensions

RoomLevelDimensions
BathroomSecond level
EnsuiteSecond level
Primary BedroomSecond level
BedroomSecond level
BedroomSecond level
BathroomMain level
Mud roomMain level
EntranceMain level
KitchenMain level
Dining roomMain level
Living roomMain level

Listing Information

MLS®
1048312
Listed
September 1, 2026
Time on market
Listed today
Data last synced
September 1, 2026

Listing provided by: Macdonald Realty Salt Spring Island · Data source: CREA DDF.

Description

It takes love & dedication to turn a house into a home; the current owners have done just that. The main level is handcrafted from carefully selected fir, giving it warmth & character that complements the open floor plan. Natural light comes in through fir windows & turn-and-tilt double doors leading to the large deck that looks onto the ocean and Galiano. The upper floor has 3 bedrms and 2 bathrms, including an expansive master suite. The main house has many upgrades, including a metal roof, a 4-year-old septic system, remodeled kitchen & bathrooms, new appliances, and fresh paint. The cabin is a gem. It has been completely made over into a clean, bright, inviting space, with a metal roof, reclaimed fir floors, high ceilings with skylights, new wood stove, & double doors opening onto a covered porch. It has its own well, hydro & septic The porch overlooks the meadow, fenced vegetable garden, and old maples where deer & owls visit. Close to beaches, lakes, and town yet quiet, and serene. (id:63159)

Values & Trends

This listing

$588/sqft

Building average

No other active listings in this building

Salt Spring average

$762/sqft

81 active listing(s)

Parking: 5 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

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
Fernwood ElementaryElementary2.2 km
Phoenix PlaceSecondary8.2 km
Gulf Islands SecondarySecondary8.2 km
Salt Spring ElementaryElementary8.5 km
Crofton Elementary Community SchoolElementary8.9 km
Chemainus SecondaryK-1211.9 km
Chemainus Elementary Community SchoolElementary12.5 km
Thetis Island ElementaryElementary12.9 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: 20.0% ($319,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,276,000.00
Periodic payment — Principal & Interest (monthly)$8,232.32
Additional monthly expenses (strata, tax, utilities, etc.)$569.50
Total monthly cost$8,801.82
Interest paid over 5-yr term$365,705.27
Balance at end of term$1,147,766.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$319,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,811.99

Cash Needed at Closing

Minimum down payment$319,000
Estimated BC PTT$29,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$350,400

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