204 Cormorant Cres
Salt Spring, BC V8K1G8
$945,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 0.87 acres
- Zoning
- Residential
R6(a)
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,065.13
Interior
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Parking
- Total spaces
- 1
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Main level | 3-Piece |
| Office | Lower level | 12' x 10' |
| Family room | Main level | 13' x 14' |
| Bedroom | Main level | 12' x 13' |
| Bathroom | Main level | 3-Piece |
| Primary Bedroom | Main level | 13' x 16' |
| Kitchen | Main level | 15' x 20' |
| Dining room | Main level | 10' x 12' |
| Living room | Main level | 12' x 16' |
Listing Information
- MLS®
- 1037632
- Listed
- May 22, 2026
- Time on market
- On the market for 101 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Duncan Realty Salt Spring Island · Data source: CREA DDF.
Description
Nestled in Channel Ridge, this bright and open 2-bedroom, 2-bathroom rancher-style home offers an exceptional residential opportunity. Situated on 0.86 of a gently sloping, southwest-facing acre, the property benefits from optimal all-day sun exposure. The open layout features an attached garage, a large primary bedroom with a private ensuite, and a secondary bathroom equipped with a premium double-head shower. Directly off the back patio, a detached infra-red sauna serves as an exclusive place to relax or cast off an evening chill. Combining functionality with an idyllic natural setting, this property captures the serene natural beauty that defines West Coast living. Welcome home! (id:63159)
Values & Trends
This listing
$523/sqft
Building average
—
No other active listings in this building
Salt Spring average
$763/sqft
81 active listing(s)
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
| School | Type | Distance |
|---|---|---|
| Fernwood Elementary | Elementary | 2.7 km |
| Phoenix Place | Secondary | 4.8 km |
| Gulf Islands Secondary | Secondary | 4.8 km |
| Salt Spring Elementary | Elementary | 5.1 km |
| Crofton Elementary Community School | Elementary | 7.2 km |
| Maple Bay Elementary | Elementary | 11.6 km |
| Chemainus Secondary | K-12 | 13.4 km |
| Chemainus Elementary Community School | Elementary | 14.0 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: 7.4% ($69,500) — 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.