2 DRAKE ROAD
Salt Spring Island, BC V8K2K8
$930,000
Property Details
Property & Lot
- Lot size
- 20,431 square feet
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $9,415 (2025)
Interior
- Fireplace
- None
Listing Information
- MLS®
- R3134354
- Listed
- June 10, 2026
- Time on market
- On the market for 83 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.
Description
Offered here for the first time in over two decades is a rare commercial lot. Nearly 1/2 acre at the entrance to Ganges with 3 road frontages, this could be a prominent location for any business. With C-1 zoning, a multitude of uses (commercial and residential) can be considered. A blue chip addition to any portfolio. (id:63159)
Location Insights
Weather
Nearest station: Duncan
14°C
—
Humidity 86%
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
37
8/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Phoenix Place | Secondary | 519 m |
| Salt Spring Elementary | Elementary | 527 m |
| Gulf Islands Secondary | Secondary | 540 m |
| Fernwood Elementary | Elementary | 6.8 km |
| Crofton Elementary Community School | Elementary | 10.2 km |
| Maple Bay Elementary | Elementary | 11.3 km |
| Galiano Community School | Elementary | 13.2 km |
| Queen of Angels School(Independent) | Elementary/Middle | 14.4 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.
Nearby Places
Restaurants (5+)
- House Picalo573 m
- Cassette Cafe and Dive Bar · 106 Lower Ganges Road576 m
- Paco's Tacos · 111 Rainbow Road581 m
- Buzzy's Luncheonette586 m
- Del Vecchio Pasta - Pasta Fresca590 m
Cafes (5+)
- Barb's Bakery & Bistro504 m
- Cafe Talia517 m
- Salt Spring Coffee524 m
- BEACHSiDE Cafe · 163 Fulford-Ganges Road525 m
- Switchboard cafe526 m
Grocery (1)
- Thrifty Foods · 114 Purvis Lane641 m
Parks (5+)
- Salt Spring Lions Commemorative Bike Park245 m
- Heiwa Peace Park396 m
- Mouat Park416 m
- Cudmore Height Park and Wilkie Way449 m
- Unnamed545 m
Shopping (2)
- Grace Point Square725 m
- Moaut's Seaside Shops736 m
Gyms (1)
- Ganges Yoga Studio586 m
Pharmacies (1)
- Pharmasave584 m
Banks & ATMs (4)
- Island Savings493 m
- BMO Nesbitt Burns · Fulford-Ganges Road536 m
- CIBC650 m
- BMO684 m
Nearby places data: © OpenStreetMap contributors.
School district: Gulf Islands (SD64)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.3% ($68,000) — 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.