Property Type: Detached HouseOwnership: Freehold

140 Quarry Dr

Salt Spring, BC V8K1J1

$960,000

3 bed2 bath2 parking1,976 sqftBuilt 1988
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Property Details

Property & Lot

Sub-type
House
Lot size
0.51 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,416.9

Interior

Heating
Baseboard heaters, Electric, Wood
Cooling / A/C
See Remarks
Fireplace
Yes (1)

Parking

Total spaces
2

Room Dimensions

RoomLevelDimensions
PorchMain level4' x 4'
Primary BedroomMain level15' x 12'
EnsuiteMain level8' x 5'
BedroomMain level12' x 11'
BedroomMain level11' x 10'
BathroomMain level9' x 8'
EntranceMain level7' x 4'
KitchenMain level11' x 11'
Dining roomMain level11' x 11'
Living roomMain level17' x 13'
StudioMain level24' x 23'

Listing Information

MLS®
1033527
Listed
May 2, 2026
Time on market
On the market for 121 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes - Salt Spring · Data source: CREA DDF.

Description

Walk to Vesuvius Beach! Charming Vesuvius Rancher on Half-Acre. Trails & Transit nearby! Welcome to this appealing one-level rancher nestled in the heart of Salt Spring Island’s desirable Vesuvius neighbourhood. Set on a private and sunny 0.51-acre southwest-facing lot, this beautifully landscaped property features fully fenced grounds with lawns, raised garden beds, and a dog-friendly, easy-care yard—perfect for gardening, relaxing, or entertaining. Inside, you’ll find a bright and spacious layout with 3 bed/2 bath, vaulted pine ceilings, newer laminate flooring, and skylights that flood the home with natural light. The sunken living room includes a cozy woodstove with a brick feature wall and a bay window, creating a warm and welcoming space. A cheerful, well-planned kitchen and a large office/hobby area offer functionality and flexibility. Newer roof with solar panels in the BC Hydro 'self-generation' program with opportunity for KWH credits. Enjoy peaceful living just minutes from the Vesuvius ferry, beach, convenience store, and public transit. Walk to nearby bus routes, parks, hiking trails, and the beach. Only a short drive to Ganges, with access to theatre, golf, lakes, and all essential services and amenities. On Municipal water. This is a rare opportunity to own a well-cared for rancher in one of Salt Spring Island’s most sought-after locations. (id:63159)

Values & Trends

This listing

$486/sqft

Building average

No other active listings in this building

Salt Spring average

$763/sqft

81 active listing(s)

Parking: 2 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 ElementaryElementary4.0 km
Phoenix PlaceSecondary4.4 km
Gulf Islands SecondarySecondary4.5 km
Salt Spring ElementaryElementary4.8 km
Crofton Elementary Community SchoolElementary6.4 km
Maple Bay ElementaryElementary10.3 km
Queen of Angels School(Independent)Elementary/Middle13.2 km
Alex AitkenElementary13.2 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: 7.4% ($71,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$768,000.00
Periodic payment — Principal & Interest (monthly)$4,954.88
Additional monthly expenses (strata, tax, utilities, etc.)$383.74
Total monthly cost$5,338.62
Interest paid over 5-yr term$220,111.01
Balance at end of term$690,818.48

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$71,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,836.10

Cash Needed at Closing

Minimum down payment$71,000
Estimated BC PTT$17,200
Legal / closing costs (typical estimate)$1,500
Total cash needed$89,700

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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