224 Bay Ridge Pl
Salt Spring, BC V8K1W5
$8,500,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 3.01 acres
- Zoning
- Rural residential
A1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $133/mo
- Annual property tax
- $22,169.9
Interior
- Heating
- Heat Pump, Forced air, Other
- Cooling / A/C
- None
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Mountain view, Ocean view
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 6
Restrictions & Policies
- Pets
- Allowed
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Workshop | Other | — |
| Bathroom | Other | 2-Piece |
| Other | Lower level | — |
| Storage | Lower level | — |
| Media | Lower level | — |
| Ensuite | Lower level | 4-Piece |
| Bathroom | Lower level | 3-Piece |
| Bedroom | Lower level | — |
| Bedroom | Lower level | — |
| Ensuite | Lower level | 3-Piece |
| Bedroom | Lower level | — |
| Patio | Lower level | — |
| Patio | Lower level | — |
| Balcony | Main level | — |
| Balcony | Main level | — |
| Patio | Main level | — |
| Bathroom | Main level | 6-Piece |
| Primary Bedroom | Main level | — |
| Family room | Main level | — |
| Living room | Main level | — |
| Kitchen | Main level | — |
| Bathroom | Main level | 2-Piece |
| Pantry | Main level | — |
| Dining room | Main level | — |
| Bathroom | Main level | 2-Piece |
| Entrance | Main level | — |
Listing Information
- MLS®
- 1043985
- Listed
- July 24, 2026
- Time on market
- On the market for 38 days
- Data last synced
- August 28, 2026
Listing provided by: The Agency · Data source: CREA DDF.
Description
Perched within one of the most breathtaking natural settings in the Southern Gulf Islands, this extraordinary residence stands as one of the region’s most architecturally significant homes. A masterful collaboration between acclaimed architect Sean Pearson and renowned builder Hans Hazenboom, the home is a seamless fusion of refined modernism and West Coast craftsmanship. Dubbed the “Gulf Islands House” by the architect, the design draws inspiration from Arthur Erickson’s iconic Smith House II, combining enduring West Coast craftsmanship with the elegance and sophistication of a contemporary villa. Every detail throughout the residence has been thoughtfully considered and impeccably executed. Custom white oak cabinetry anchors each room with warmth and continuity, while curated custom furnishings elevate the home into a fully realized design experience. Expansive floor-to-ceiling windows frame the ever-changing coastal landscape, immersing every space in natural light while capturing sweeping ocean vistas and abundant wildlife from virtually every room in the home. Designed for both grand entertaining and intimate retreat, the residence features a dedicated theatre room and beautifully integrated guest accommodations that offer exceptional privacy while remaining elegantly connected to the main home. A four-car garage provides exceptional space for vehicles and recreation, while the property's waterfront amenities are equally impressive, including a private boathouse with a launching ramp and boat lift, a private deep-water buoy, and direct water access. The result is a property that feels expansive and intentional—luxurious without excess, and profoundly connected to its surroundings. This is more than a home; it is a legacy property—an architectural masterpiece deeply connected to its remarkable coastal setting, where world-class design and extraordinary waterfront living come together in one unforgettable estate. (id:63159)
Values & Trends
This listing
$1,491/sqft
Building average
—
No other active listings in this building
Salt Spring average
$765/sqft
8 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
10°C
—
Humidity 95%
Wind SW calm km/h
Today
21°
Tonight
14°
Wednesday
16°
Wednesday night
12°
Thursday
16°
Thursday night
11°
Source: Environment and Climate Change Canada.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Pender Islands Elem-Secondary | Elementary/Middle | 9.3 km |
| Deep Cove Elementary | Elementary | 9.5 km |
| Parkland Secondary | Secondary | 9.7 km |
| North Saanich Middle School | Middle | 10.1 km |
| Sidney Elementary | Elementary | 11.5 km |
| Mayne Island School | Elementary | 13.2 km |
| Salt Spring Elementary | Elementary | 13.6 km |
| Gulf Islands Secondary | Secondary | 13.9 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)
Similar Listings Nearby
No similar listings found nearby right now.
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,700,000) — 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.