Property Type: Land / LotOwnership: Freehold

206 Narrows West Rd

Salt Spring, BC V8K0A3

$1,980,000

0 bed0 bath10 parking
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Property Details

Property & Lot

Lot size
168 acres
Zoning
Rural residential

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$821.95

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
10

Listing Information

MLS®
979878
Listed
October 31, 2024
Time on market
On the market for 669 days
Data last synced
August 28, 2026

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

Description

Discover a rare gem in this extraordinary 167-acre oceanfront estate! With an impressive approximately 1/3 mile of ocean frontage along Sansum Narrows, this property offers unparalleled views and seclusion. Approximately 153 acres are preserved as a nature sanctuary, ensuring absolute privacy. Enjoy the mild microclimate of Salt Spring, where Manzanitas thrive. This is your chance to own a piece of paradise with the flexibility to build a main residence, seasonal cottage, and additional structures. (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
Phoenix PlaceSecondary4.6 km
Gulf Islands SecondarySecondary4.7 km
Salt Spring ElementaryElementary5.0 km
Crofton Elementary Community SchoolElementary5.8 km
Maple Bay ElementaryElementary7.2 km
Fernwood ElementaryElementary7.5 km
Queen of Angels School(Independent)Elementary/Middle10.2 km
Alex AitkenElementary10.6 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% ($396,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,584,000.00
Periodic payment — Principal & Interest (monthly)$10,219.43
Additional monthly expenses (strata, tax, utilities, etc.)$68.50
Total monthly cost$10,287.93
Interest paid over 5-yr term$453,978.95
Balance at end of term$1,424,813.12

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$396,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,180.41

Cash Needed at Closing

Minimum down payment$396,000
Estimated BC PTT$37,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$435,100

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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