Property Type: Land / LotOwnership: Freehold

206 NARROWS WEST ROAD

Salt Spring Island, BC V8K0A3

$1,980,000

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Property Details

Property & Lot

Lot size
167 acres
Frontage
1980 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$822 (2024)

Interior

Fireplace
None

Exterior & Lot

View
View

Listing Information

MLS®
R2941020
Listed
November 1, 2024
Time on market
On the market for 668 days
Tax assessment year
2024
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

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.

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No similar listings found nearby right now.

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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