137 Forest Ridge Rd
Salt Spring, BC V8K1W4
$1,459,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 5.13 acres
- Zoning
- Unknown
Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,184.48
Interior
- Heating
- Heat Pump, Baseboard heaters, Electric, Wood
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (1)
Parking
- Total spaces
- 6
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Second level | 9'7 |
| Bedroom | Second level | 8'10 |
| Ensuite | Second level | 8'10 |
| Primary Bedroom | Second level | 11'6 |
| Bedroom | Additional Accommodation | 15'10 |
| Dining room | Second level | 8'7 x 15'10 |
| Living room | Second level | 15'7 x 15'10 |
| Bathroom | Main level | — |
| Entrance | Main level | — |
| Laundry room | Main level | 8'9 x 14'9 |
| Dining nook | Main level | 11'4 x 12'10 |
| Kitchen | Main level | 11'4 x 12'5 |
| Family room | Main level | — |
Listing Information
- MLS®
- 1025499
- Listed
- February 15, 2026
- Time on market
- On the market for 197 days
- Data last synced
- August 28, 2026
Listing provided by: Pemberton Holmes - Salt Spring · Data source: CREA DDF.
Description
Trade traffic for tranquility and discover the peaceful lifestyle that only Salt Spring Island can offer. Set on 5 beautiful, level acres of fertile, usable land, this private hobby farm is surrounded by mature trees and enjoys a quiet south-end location close to walking, hiking and riding trails. Currently in pasture, the property is fully fenced and offers endless possibilities for gardening, small-scale farming, livestock, orchards, hobby agriculture, home-based ventures or simply enjoying the open space. The impressive 1,430 sq. ft. barn, built on a concrete slab, currently features six quality stalls but could easily be adapted into a workshop, artisan studio, storage facility or multi-purpose agricultural building. Additional equipment shelters and an RV site add to the property's versatility. Zoning also permits the addition of a guest cottage and studio, providing excellent future potential. The well-built 2,145 sq. ft. two-storey home offers two bedrooms plus a spacious den, 2½ bathrooms, an inviting Pacific Energy wood stove, a full-height (5'10'') crawl space and quality copper plumbing. Recent improvements include updated kitchen and bathrooms, a 40-year fiberglass roof (2011), new downspouts and eavestrough covers on all buildings (2025), and a brand-new septic field (2026). Whether you're dreaming of growing your own food, raising a few animals, creating a private country retreat or simply embracing a slower pace of life, this exceptional Salt Spring Island property offers privacy, flexibility and outstanding value. (id:63159)
Values & Trends
This listing
$680/sqft
Building average
—
No other active listings in this building
Salt Spring average
$761/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
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
| School | Type | Distance |
|---|---|---|
| Pender Islands Elem-Secondary | Elementary/Middle | 9.0 km |
| Deep Cove Elementary | Elementary | 10.8 km |
| Parkland Secondary | Secondary | 11.0 km |
| North Saanich Middle School | Middle | 11.5 km |
| Mayne Island School | Elementary | 12.0 km |
| Salt Spring Elementary | Elementary | 12.7 km |
| Sidney Elementary | Elementary | 12.9 km |
| Gulf Islands Secondary | Secondary | 13.0 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.3% ($120,900) — 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.