Property Type: Detached HouseOwnership: Freehold

245 Mountain Park Dr

Salt Spring, BC V8K1G3

$1,938,000

2 bed3 bath2 parking2,092 sqftBuilt 1979
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Property Details

Property & Lot

Sub-type
House
Lot size
1.18 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$7,202.72

Interior

Heating
Baseboard heaters, Electric, Wood
Cooling / A/C
None
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
2

Room Dimensions

RoomLevelDimensions
StorageMain level
BathroomAuxiliary Building
StudioMain level
StudioMain level
Primary BedroomSecond level
LibrarySecond level
EnsuiteSecond level4-Piece
Laundry roomMain level
SunroomMain level
Laundry roomMain level
OfficeMain level
BathroomMain level
BedroomMain level
KitchenMain level
Dining roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1036582
Listed
May 14, 2026
Time on market
On the market for 109 days
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty Salt Spring Island · Data source: CREA DDF.

Description

Experience the ultimate west coast lifestyle at this breathtaking high-bank waterfront retreat, showcasing sweeping ocean and Vancouver Island views, and spectacular sunsets. Set on 0.62 acre of beautifully landscaped, park-like grounds with coveted southwestern exposure, this private sanctuary blends natural beauty with effortless maintenance through a stunning mix of indigenous and perennial gardens. Designed for both relaxed living and elegant entertaining, the immaculate custom home is filled with natural light from soaring vaulted ceilings and expansive picture windows that perfectly frame the ever-changing seascape. Rich hardwood flooring, warm fir trim and stylishly updated kitchen and bathrooms enhance the home’s timeless appeal. Attention to perfect detail at every turn and no compromise on quality finish. Other notable more recent updates include new septic system, fireplace insert, roof, light fixtures and electrical, chimney and additional steps for water access. A charming detached studio/cottage with loft and garage offers ideal guest accommodation, creative space or home office potential. Outdoors, relax on oceanfront decks and patios including a special hot tub deck. Launch the paddle board or kayak from home. This exceptional property is a rare and peaceful waterfront haven! (id:63159)

Values & Trends

This listing

$926/sqft

Building average

No other active listings in this building

Salt Spring average

$758/sqft

81 active listing(s)

Parking: 2 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
Fernwood ElementaryElementary3.6 km
Crofton Elementary Community SchoolElementary5.8 km
Phoenix PlaceSecondary6.7 km
Gulf Islands SecondarySecondary6.7 km
Salt Spring ElementaryElementary7.1 km
Maple Bay ElementaryElementary11.2 km
Chemainus SecondaryK-1211.3 km
Chemainus Elementary Community SchoolElementary11.9 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.

Nearby Places

Parks (1)

  • Duck Bay Island Parks388 m

Nearby places data: © OpenStreetMap contributors.

School district: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($387,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,550,400.00
Periodic payment — Principal & Interest (monthly)$10,002.65
Additional monthly expenses (strata, tax, utilities, etc.)$705.23
Total monthly cost$10,707.88
Interest paid over 5-yr term$444,349.10
Balance at end of term$1,394,589.81

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$387,600
Stress test qualifying rate8.09%
Payment you must qualify for$11,922.03

Cash Needed at Closing

Minimum down payment$387,600
Estimated BC PTT$36,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$425,860

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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