Property Type: Condo / ApartmentOwnership: Strata

241 Aust Way

Salt Spring, BC V8K2B2

$699,000

3 bed2 bath3 parking1,335 sqft
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Property Details

Property & Lot

Sub-type
House
Lot size
2.54 acres
Zoning
Rural residential

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$91/mo
Annual property tax
$3,209

Interior

Heating
Baseboard heaters
Fireplace
Yes (1)

Exterior & Lot

View
Valley view

Parking

Total spaces
3 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
BathroomMain level4-Piece
EnsuiteMain level3-Piece
Primary BedroomMain level12'6 x 10'5
BedroomMain level12'5 x 9'0
BedroomMain level9'1 x 10'8
Laundry roomMain level5'10 x 5'7
Mud roomMain level7'5 x 6'3
KitchenMain level11'8 x 12'9
Dining roomMain level11'8 x 8'7
Living roomMain level12'11 x 18'1
EntranceMain level12'1 x 4'3

Listing Information

MLS®
1018686
Listed
November 7, 2025
Time on market
On the market for 297 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Motivated Seller, can be a quick close~! Private 2.74-acre retreat just 10 minutes to Ganges and 8 minutes to Fulford Harbour ferry. This park-like property offers a level building site, sunny exposure, and a strong 8 GPM drilled well. The 3 bed, 2 bath home—relocated by Nickel Bros—blends classic charm with extensive upgrades, including a new metal roof (2024), new windows (2025), updated 200-amp service with expansion capacity, new wiring, and mostly updated plumbing. Bright, functional living with generous storage in the heated crawl space. A separate RV site already has a great tenant in place and features full hookups, bathhouse with laundry, and outhouse—ideal for supplemental income. The sun-drenched part of the lot that runs along the shared driveway offers excellent potential for orchards or gardens. Close to Mount Maxwell Provincial Park, Burgoyne Bay Provincial Park, and local lakes. A versatile offering—full-time living, retreat, or investment. Come check it out. (id:63159)

Values & Trends

This listing

$524/sqft

Building average

No other active listings in this building

Salt Spring average

$886/sqft

8 active listing(s)

Parking: 3 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.

Nearby Schools

SchoolTypeDistance
Salt Spring ElementaryElementary6.2 km
Phoenix PlaceSecondary6.4 km
Gulf Islands SecondarySecondary6.4 km
Maple Bay ElementaryElementary11.5 km
Bench ElementaryElementary12.0 km
Fernwood ElementaryElementary12.7 km
Deep Cove ElementaryElementary13.5 km
Crofton Elementary Community SchoolElementary13.7 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.

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,200.00
Periodic payment — Principal & Interest (monthly)$3,607.77
Additional monthly expenses (strata, tax, utilities, etc.)$425.42
Total monthly cost$4,033.19
Interest paid over 5-yr term$160,268.33
Balance at end of term$503,002.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,029.80

Cash Needed at Closing

Minimum down payment$44,900
Estimated BC PTT$11,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,380

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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