Property Type: Land / LotOwnership: Freehold

1376 Isabella Point Rd

Salt Spring, BC V8K1T5

$899,995

0 bed0 bathBuilt 2020
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Property Details

Property & Lot

Lot size
4.96 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$4,147

Interior

Heating
Other
Fireplace
None

Exterior & Lot

View
Valley view

Room Dimensions

RoomLevelDimensions
Laundry roomMain level
OtherMain level
OtherMain level
OtherMain level
OtherMain level

Listing Information

MLS®
1041652
Listed
June 28, 2026
Time on market
On the market for 65 days
Data last synced
August 28, 2026

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

Description

5-Acre Retreat, Cottage Built to Lockup - Salt Spring Island Discover your private sanctuary on beautiful Salt Spring Island. This expansive 5-acre parcel offers the perfect blend of privacy, potential, and West Coast charm. Nestled among mature trees with sunny clearings, the property features a partially built cabin ready for your vision. With significant structural work already complete (foundation, framing, and roof), you can customize and finish this home exactly as you dream — whether it’s a cozy off-grid cabin, modern family home, or artist’s studio. Bring your ideas and complete it at a fraction of the cost of starting from scratch. (id:63159)

Location Insights

Weather

Nearest station: Duncan

10°C

Humidity 95%

Wind SW calm km/h

Today

21°

Tonight

14°

Wednesday

16°

Wednesday night

12°

Thursday

16°

Thursday night

11°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Deep Cove ElementaryElementary5.7 km
Parkland SecondarySecondary7.0 km
North Saanich Middle SchoolMiddle7.6 km
Sidney ElementaryElementary9.3 km
George Bonner ElementaryElementary11.2 km
Ecole Cobble Hill ElementaryElementary11.3 km
Bench ElementaryElementary11.8 km
ḰELSET ElementaryElementary11.8 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: 7.2% ($64,999) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$719,996.00
Periodic payment — Principal & Interest (monthly)$4,645.17
Additional monthly expenses (strata, tax, utilities, etc.)$345.58
Total monthly cost$4,990.75
Interest paid over 5-yr term$206,352.92
Balance at end of term$647,638.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$65,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,420.82

Cash Needed at Closing

Minimum down payment$65,000
Estimated BC PTT$16,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,499

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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