171 Northern Way
Salt Spring, BC V8K2Y1
$399,000
Property Details
Property & Lot
- Lot size
- 1.6 acres
- Zoning
- Residential
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Strata
- Strata / maintenance fee
- $33/mo
- Annual property tax
- $1,877
Interior
- Fireplace
- None
Exterior & Lot
- View
- City view, Lake view, Mountain view, Ocean view, Valley view
Parking
- Total spaces
- 5 — uncovered indicated
- Features
- Stall
Restrictions & Policies
- Pets
- Allowed
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Listing Information
- MLS®
- 1044034
- Listed
- July 23, 2026
- Time on market
- On the market for 39 days
- Data last synced
- August 28, 2026
Listing provided by: Pemberton Holmes - Salt Spring · Data source: CREA DDF.
Description
Build your dream home on this exceptional lot offering great views of St. Mary Lake, along with sweeping ocean, valley, and mountain vistas. Ideally located fairly close to Ganges, this property provides the rare opportunity to build both a primary residence and a cottage—an outstanding combination for family, guests, or rental potential. Enjoy abundant sunshine, peaceful surroundings, and excellent privacy. Now re-listed at a reduced price, this is an opportunity to own a special property. (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
| School | Type | Distance |
|---|---|---|
| Phoenix Place | Secondary | 1.7 km |
| Gulf Islands Secondary | Secondary | 1.8 km |
| Salt Spring Elementary | Elementary | 2.1 km |
| Fernwood Elementary | Elementary | 6.3 km |
| Crofton Elementary Community School | Elementary | 8.4 km |
| Maple Bay Elementary | Elementary | 9.9 km |
| Queen of Angels School(Independent) | Elementary/Middle | 13.0 km |
| Alex Aitken | Elementary | 13.5 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($19,950) — 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.