Property Type: Land / LotOwnership: Strata

131 Rainforest Rd

Salt Spring, BC V8K1S4

$648,000

0 bed0 bath6 parking
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Property Details

Property & Lot

Lot size
4.71 acres
Zoning
Rural residential

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$263/mo
Annual property tax
$3,239

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view

Parking

Total spaces
6

Listing Information

MLS®
1043685
Listed
July 20, 2026
Time on market
On the market for 42 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Salt Spring · Data source: CREA DDF.

Description

Complete privacy is offered from this enclave in Maracaibo Estates overlooking Trincomali Channel. This 4.7-acre property blends rugged natural beauty—mossy rock ridges, Madrona groves and layered benches—with accessible ocean view corridors and outlooks. Ready-to-build zoning permits both a primary home, guest cottage, and outbuilding. Two Building plans have been approved and are available to be used or modified to create your desired dream home. The heavy lifting has already been done: hydro and water lines are run directly to the building site, with a septic field to service both the main residence and the cottage. The community-oriented, family friendly Maracaibo lifestyle awaits, with year-round shared amenities including secure private moorage, kayaks, canoes, and paddleboards, well-maintained walking trails, tennis & pickleball courts. An exceptional canvas for those ready to build a coastal retreat. Listing Price does not include Maracaibo share. Viewings by appointment only. (id:63159)

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
Salt Spring ElementaryElementary3.4 km
Gulf Islands SecondarySecondary3.7 km
Phoenix PlaceSecondary3.8 km
Fernwood ElementaryElementary7.4 km
Galiano Community SchoolElementary9.4 km
Mayne Island SchoolElementary13.1 km
Crofton Elementary Community SchoolElementary13.6 km
Maple Bay ElementaryElementary15.2 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)

Mortgage & Ownership Cost Calculator

Minimum required: 6.1% ($39,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$518,400.00
Periodic payment — Principal & Interest (monthly)$3,344.54
Additional monthly expenses (strata, tax, utilities, etc.)$532.92
Total monthly cost$3,877.46
Interest paid over 5-yr term$148,574.93
Balance at end of term$466,302.48

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$39,800
Stress test qualifying rate8.09%
Payment you must qualify for$4,676.85

Cash Needed at Closing

Minimum down payment$39,800
Estimated BC PTT$10,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,260

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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