131 Pallot Way
Salt Spring, BC V8K2M5
$975,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 0.7 acres
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,030.59
Interior
- Heating
- Forced air, Electric, Wood
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Mountain view
Parking
- Total spaces
- 4
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Other | 3-Piece |
| Kitchen | Additional Accommodation | 9' x 15' |
| Laundry room | Other | 8' x 12' |
| Living room | Other | 10' x 15' |
| Bedroom | Other | 12' x 11' |
| Bedroom | Second level | 18' x 10' |
| Bedroom | Second level | 18' x 10' |
| Den | Main level | 10' x 10' |
| Bathroom | Other | 3-Piece |
| Bathroom | Second level | 4-Piece |
| Bathroom | Main level | 2-Piece |
| Primary Bedroom | Second level | 18' x 14' |
| Kitchen | Main level | 20' x 13' |
| Dining room | Main level | 13' x 11' |
| Studio | Other | 24' x 13' |
| Living room | Main level | 18' x 15' |
| Entrance | Main level | 15' x 7' |
Listing Information
- MLS®
- 1038498
- Listed
- May 28, 2026
- Time on market
- On the market for 95 days
- Data last synced
- August 28, 2026
Listing provided by: Macdonald Realty Salt Spring Island · Data source: CREA DDF.
Description
This well-maintained, charming Tudor style home is situated within walking distance to town, yet on a quiet street enjoying a private, sunny and quiet setting. The home has three levels with a fully finished guest area, on the lower garden daylight level, and a separate entrance. Spacious, bright rooms throughout, having a casual country feel, and a large cheery kitchen. The detached two level studio/garage is plumbed, wired and heated with a large studio area and two bathrooms, perfect for a home business or a myriad of creative pursuits. A large deck provides outdoor enjoyment and glimpses of the ocean and mountains. Low maintenance natural and perennial landscape. A fantastic package, move in and enjoy the island life. (id:63159)
Values & Trends
This listing
$308/sqft
Building average
—
No other active listings in this building
Salt Spring average
$766/sqft
81 active listing(s)
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
4
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 |
|---|---|---|
| Phoenix Place | Secondary | 1.1 km |
| Gulf Islands Secondary | Secondary | 1.1 km |
| Salt Spring Elementary | Elementary | 1.5 km |
| Fernwood Elementary | Elementary | 6.1 km |
| Crofton Elementary Community School | Elementary | 9.0 km |
| Maple Bay Elementary | Elementary | 10.6 km |
| Queen of Angels School(Independent) | Elementary/Middle | 13.6 km |
| Alex Aitken | Elementary | 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
Parks (1)
- Mouat Park789 m
Nearby places data: © OpenStreetMap contributors.
School district: Gulf Islands (SD64)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.4% ($72,500) — 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.