Property Type: Detached HouseOwnership: Freehold

2-37 Salamanca Rd

Galiano Island, BC V0N1P0

$1,999,888

3 bed4 bath2 parking2,569 sqftBuilt 2005
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Property Details

Property & Lot

Sub-type
House
Lot size
1.93 acres
Zoning
Unknown

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,538.12

Interior

Heating
Geo Thermal
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
2 — covered indicated
Features
Carport

Room Dimensions

RoomLevelDimensions
Laundry roomMain level
BathroomMain level2-Piece
StorageMain level
PatioMain level
PatioMain level
PorchMain level
LoftSecond level
StorageMain level
BathroomMain level2-Piece
BathroomMain level4-Piece
EnsuiteMain level4-Piece
BedroomMain level
BedroomMain level
Primary BedroomMain level
KitchenMain level
Dining roomMain level
Living roomMain level
EntranceMain level10'

Listing Information

MLS®
1047295
Listed
August 19, 2026
Time on market
On the market for 12 days
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

Exceptional walk-on waterfront home, where striking custom-designed architecture, incredible views and coastal living come together. Set on nearly two private acres, this beautifully fully-renovated and immaculate 3-bed home is defined by its dramatic curved roofline and soaring vaulted ceilings. Floor-to-ceiling windows fill the home with natural light and frame spectacular ocean views. Step onto the sandstone beach shoreline to launch a kayak or paddleboard. Inside, highlights include a chef’s kitchen, impressive stone fireplace, cozy wood stove, dog wash room, bunk room, and the family room with a daybed-sized window seat that invites you to curl up & watch the waves roll in. Expansive tiered decks with a built-in stone fireplace offer incredible outdoor living, surrounded by thoughtfully designed, low-maintenance landscaping. Backup generator, upgraded water treatment system and high-efficiency geothermal heating & cooling complete this truly special modern luxury waterfront home. (id:63159)

Values & Trends

This listing

$778/sqft

Building average

No other active listings in this building

Galiano average

$1,040/sqft

8 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: Gulf Islands (Southern)

16°C

Humidity 73%

Wind WSW 2 km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Galiano Community SchoolElementary2.4 km
Mayne Island SchoolElementary8.0 km
Salt Spring ElementaryElementary12.6 km
Gulf Islands SecondarySecondary12.9 km
Phoenix PlaceSecondary12.9 km
Fernwood ElementaryElementary13.9 km
Pender Islands Elem-SecondaryElementary/Middle16.6 km
Saturna Island Elementary SecondaryK-1217.9 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: 20.0% ($399,978) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,599,910.00
Periodic payment — Principal & Interest (monthly)$10,322.08
Additional monthly expenses (strata, tax, utilities, etc.)$839.51
Total monthly cost$11,161.59
Interest paid over 5-yr term$458,538.80
Balance at end of term$1,439,124.22

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$399,978
Stress test qualifying rate8.09%
Payment you must qualify for$12,302.75

Cash Needed at Closing

Minimum down payment$399,978
Estimated BC PTT$37,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$439,475

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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