Property Type: Land / LotOwnership: Freehold

201 Grantville St

Salt Spring, BC V8K1P1

$319,000

0 bed0 bath6 parking
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Property Details

Property & Lot

Lot size
0.5 acres
Zoning
Residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,675.8

Interior

Fireplace
None

Parking

Total spaces
6

Listing Information

MLS®
1026809
Listed
February 26, 2026
Time on market
On the market for 186 days
Data last synced
August 28, 2026

Listing provided by: Rennie & Associates Realty Ltd. · Data source: CREA DDF.

Description

This exceptional offering presents a rare opportunity to acquire two adjoining ¼-acre lots, combined to create a generous ½-acre forested property on beautiful Saltspring Island. Situated on Grantville Street, this raw land parcel captures the essence of west coast island living—privacy, natural beauty, and proximity to the ocean—making it an ideal foundation for a wide range of future uses. From the moment you arrive, the property’s natural setting is immediately apparent. Mature trees frame the landscape, creating a sense of seclusion and tranquility that is increasingly hard to find. The forest canopy provides dappled light throughout the day, while the surrounding greenery offers year-round visual interest and a strong connection to nature. A particularly special feature of this property is the seasonal creek that runs through the land. This natural water feature enhances the character of the property and contributes to its peaceful ambiance. In the wetter months, the creek flows gently, adding sound, movement, and a sense of vitality to the landscape. In the drier seasons, it remains a visible natural corridor that supports local flora and fauna and adds depth to the property’s ecological appeal. This feature not only elevates the overall experience of the land but also offers opportunities for thoughtful landscaping and design that embraces the existing environment. The driveway has already been roughed in, offering convenient access and a clear starting point for future development. This practical improvement saves time and effort and allows prospective buyers to easily walk the property and visualize potential building plans. The driveway leads toward a semi-level building site, naturally positioned to take advantage of the land’s layout while maintaining privacy. (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

SchoolTypeDistance
Fernwood ElementaryElementary3.4 km
Gulf Islands SecondarySecondary3.6 km
Phoenix PlaceSecondary3.7 km
Salt Spring ElementaryElementary3.8 km
Crofton Elementary Community SchoolElementary10.8 km
Galiano Community SchoolElementary12.3 km
Maple Bay ElementaryElementary14.1 km
Mayne Island SchoolElementary16.8 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: 5.0% ($15,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$255,200.00
Periodic payment — Principal & Interest (monthly)$1,646.46
Additional monthly expenses (strata, tax, utilities, etc.)$139.65
Total monthly cost$1,786.11
Interest paid over 5-yr term$73,141.05
Balance at end of term$229,553.23

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$15,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,330.35

Cash Needed at Closing

Minimum down payment$15,950
Estimated BC PTT$4,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,830

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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