250 South Bank Dr
Salt Spring, BC V8K1M7
$1,225,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 1.56 acres
- Zoning
- Residential
RW#1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Strata / maintenance fee
- $0/mo
- Annual property tax
- $5,700
Interior
- Heating
- Baseboard heaters, Electric, Wood
- Cooling / A/C
- None
- Fireplace
- Yes (2)
Exterior & Lot
- View
- Lake view
Parking
- Total spaces
- 4
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Lower level | 8' x 12' |
| Family room | Lower level | 20' x 18' |
| Utility room | Lower level | 11' x 20' |
| Hobby room | Lower level | 12' x 21' |
| Bathroom | Main level | 3-Piece |
| Bedroom | Lower level | 12' x 14' |
| Bedroom | Lower level | 13' x 15' |
| Laundry room | Main level | 8' x 9' |
| Bathroom | Lower level | 3-Piece |
| Bathroom | Main level | 3-Piece |
| Primary Bedroom | Main level | 15' x 18' |
| Kitchen | Main level | 10' x 20' |
| Dining room | Main level | 12' x 20' |
| Living room | Main level | 18' x 20' |
| Entrance | Main level | 10' x 12' |
Listing Information
- MLS®
- 1023692
- Listed
- February 2, 2026
- Time on market
- On the market for 211 days
- Data last synced
- August 28, 2026
Listing provided by: Pemberton Holmes - Salt Spring · Data source: CREA DDF.
Description
Magical views and sunsets over looking St. Mary Lake! This gorgeous 1.56 acre west facing gardeners' paradise features a spacious solidly built two storey family home. The main floor entrance level features vaulted ceilings with wood beams that grace an open living and dining room enhanced by six skylights and the cosiness of a woodstove next to a large master suite with a lovely view. Each level has a large wraparound southwest facing deck overlooking the lake. Gazebo with newer circular hot tub. The walkout lower level has two bedrooms, one bath and a large family room with woodstove. Property is securely fenced to protect the mature garden of flowering shrubs, rhododendrons, vegetable beds, rock gardens and fruit trees. 10-station irrigation system keeps the garden healthy. Full dry basement. Paved driveway and double garage. This home has good bones but is ready for a refresh so bring your good taste and ideas! (id:63159)
Values & Trends
This listing
$327/sqft
Building average
—
No other active listings in this building
Salt Spring average
$765/sqft
81 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
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
| School | Type | Distance |
|---|---|---|
| Fernwood Elementary | Elementary | 1.7 km |
| Phoenix Place | Secondary | 4.6 km |
| Gulf Islands Secondary | Secondary | 4.6 km |
| Salt Spring Elementary | Elementary | 4.8 km |
| Crofton Elementary Community School | Elementary | 8.8 km |
| Maple Bay Elementary | Elementary | 13.0 km |
| Chemainus Secondary | K-12 | 14.5 km |
| Galiano Community School | Elementary | 14.7 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 8.0% ($97,500) — 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.