Property Type: Detached HouseOwnership: Freehold

207 Welbury Dr

Salt Spring, BC V8K2L7

$2,289,000

3 bed2 bath10 parking3,478 sqftBuilt 2002
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Property Details

Property & Lot

Sub-type
House
Lot size
2.03 acres
Zoning
Rural residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,981.59

Interior

Heating
Heat Pump, Baseboard heaters, Electric
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Exterior & Lot

Waterfront
Waterfront on ocean

Parking

Total spaces
10

Room Dimensions

RoomLevelDimensions
WorkshopOther
OfficeMain level
StorageLower level
BathroomLower level
DenLower level
BedroomLower level
BedroomLower level
Family roomLower level
Laundry roomMain level
EnsuiteMain level
Primary BedroomMain level
Family roomMain level
Dining roomMain level
KitchenMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1030750
Listed
May 7, 2026
Time on market
On the market for 116 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes - Salt Spring · Data source: CREA DDF.

Description

A spacious oceanfront residence offering main-level living, this seaside home is nicely situated on the shores of Welbury Bay to capture lovely ocean views. Thoughtfully designed, the home spans approximately 3,500 sq. ft. over two fully finished levels, including a bright, ocean-view walkout basement ideal for hosting extended family or guests. The main floor features three bedrooms, a lovely kitchen & dining area with direct access to a view deck, & an inviting living room with soaring ceilings & a cozy fireplace—perfect for relaxing while taking in the coastal scenery. Set on 2.03 private acres, the property offers level lawns, fenced garden beds, a detached garage, & a Large 1700+ sq. ft. workshop with its own private driveway. A permitted dock adds to the exceptional waterfront lifestyle. Located along scenic Long Harbour, just minutes from Ganges & all local amenities, this oceanfront property offers a rare opportunity to enjoy a relaxed seaside lifestyle on Salt Spring Island. (id:63159)

Values & Trends

This listing

$658/sqft

Building average

No other active listings in this building

Salt Spring average

$761/sqft

81 active listing(s)

Parking: 10 stall(s) includedStorage locker: Not indicated

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 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

SchoolTypeDistance
Salt Spring ElementaryElementary4.1 km
Gulf Islands SecondarySecondary4.4 km
Phoenix PlaceSecondary4.5 km
Galiano Community SchoolElementary9.3 km
Fernwood ElementaryElementary9.4 km
Mayne Island SchoolElementary12.1 km
Crofton Elementary Community SchoolElementary14.5 km
Maple Bay ElementaryElementary15.1 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

Parks (1)

  • Welbury Bay Park385 m

Nearby places data: © OpenStreetMap contributors.

School district: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($457,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,831,200.00
Periodic payment — Principal & Interest (monthly)$11,814.28
Additional monthly expenses (strata, tax, utilities, etc.)$1,005.80
Total monthly cost$12,820.08
Interest paid over 5-yr term$524,827.18
Balance at end of term$1,647,170.32

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$457,800
Stress test qualifying rate8.09%
Payment you must qualify for$14,081.29

Cash Needed at Closing

Minimum down payment$457,800
Estimated BC PTT$46,670
Legal / closing costs (typical estimate)$1,500
Total cash needed$505,970

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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