Property Type: Condo / ApartmentOwnership: Strata

148 Oakspring Rd

Salt Spring, BC V8K1S8

$1,599,000

5 bed3 bath6 parking3,178 sqftBuilt 1993
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Property Details

Property & Lot

Sub-type
House
Lot size
5 acres
Zoning
Residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$33/mo
Annual property tax
$7,885

Interior

Heating
Baseboard heaters, Electric, Wood
Cooling / A/C
None
Fireplace
None

Parking

Total spaces
6

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
BathroomSecond level
BathroomMain level
BathroomMain level
BedroomMain level7' x 11'
BedroomMain level9' x 11'
BedroomMain level11' x 9'
Family roomMain level17' x 11'
DenMain level6' x 15'
Laundry roomMain level8' x 8'
BedroomMain level14' x 16'
Laundry roomMain level8' x 5'
DenMain level13' x 6'
Primary BedroomMain level19' x 11'
KitchenMain level10' x 12'
Dining roomMain level22' x 12'
Living roomMain level22' x 12'
StorageMain level6' x 6'
EntranceMain level8' x 10'

Listing Information

MLS®
1046229
Listed
August 6, 2026
Time on market
On the market for 25 days
Data last synced
August 28, 2026

Listing provided by: Engel & Volkers Vancouver Island · Data source: CREA DDF.

Description

Tucked into five sun-drenched acres of meadows, forest trails, and enchanting gardens, this beautifully renovated country property captures the essence of Salt Spring Island living. Filled with natural light and thoughtfully arranged over 3,178 sq. ft., this exceptional Salt Spring Island home offers remarkable flexibility for multi-generational living, extended family, a mortgage helper, caretaker accommodation, guest suite, home-based business, or creative pursuits. Extensive renovations have transformed the home, featuring a stunning chef-inspired kitchen with quartz countertops, induction cooking, elegant new bathrooms, oak flooring throughout, a custom walk-in closet, sunken office, rebuilt garden-view deck, and a beautifully renovated upper-level three-bedroom suite with excellent income or family living potential. The gently sloping south-facing acreage is a rare blend of open meadows, established gardens, and peaceful forest trails, offering endless opportunities to garden, explore, entertain, or simply enjoy the tranquility of nature. Durable metal roofing on both the home and outbuilding provides long-term peace of mind, while the versatile outbuilding offers additional space for hobbies, storage, or workshop use. Whether you’re searching for a private family estate, an island retreat with room for everyone, or a property that offers flexibility for rental income or a caretaker, this home delivers exceptional lifestyle and value. Located just minutes from Ganges and all amenities, it offers the perfect balance of privacy, sunshine, convenience, and the relaxed lifestyle that makes Salt Spring Island real estate so sought after. A rare opportunity to own a move-in-ready country property with space to grow, gather, and create lasting memories (id:63159)

Values & Trends

This listing

$503/sqft

Building average

No other active listings in this building

Salt Spring average

$889/sqft

8 active listing(s)

Parking: 6 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
Salt Spring ElementaryElementary2.5 km
Gulf Islands SecondarySecondary2.7 km
Phoenix PlaceSecondary2.8 km
Fernwood ElementaryElementary6.1 km
Galiano Community SchoolElementary10.6 km
Crofton Elementary Community SchoolElementary12.3 km
Maple Bay ElementaryElementary14.3 km
Mayne Island SchoolElementary14.5 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($319,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,279,200.00
Periodic payment — Principal & Interest (monthly)$8,252.96
Additional monthly expenses (strata, tax, utilities, etc.)$849.41
Total monthly cost$9,102.38
Interest paid over 5-yr term$366,622.40
Balance at end of term$1,150,644.54

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$319,800
Stress test qualifying rate8.09%
Payment you must qualify for$9,836.60

Cash Needed at Closing

Minimum down payment$319,800
Estimated BC PTT$29,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$351,280

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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