Property Type: Detached HouseOwnership: Freehold

260 Old Divide Rd

Salt Spring, BC V8K2G7

$1,200,000

3 bed2 bath4 parking1,625 sqftBuilt 1992
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Property Details

Property & Lot

Sub-type
House
Lot size
5.62 acres
Zoning
Unknown

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,582.08

Interior

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

Parking

Total spaces
4 — covered indicated
Features
Garage

Room Dimensions

RoomLevelDimensions
PorchMain level
StorageMain level
StudioMain level
BathroomMain level
EnsuiteMain level
Mud roomMain level
Laundry roomMain level
BedroomMain level
BedroomMain level
Primary BedroomMain level
KitchenMain level
Dining nookMain level
Dining roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1037949
Listed
May 26, 2026
Time on market
On the market for 97 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada SSI · Data source: CREA DDF.

Description

Privacy is paramount at this tucked away 5 acre property just minutes from Ganges Village. Set at the end of a wooded lane, the classically elegant 3 bedroom/ 2 bath rancher is perfectly suited to stylish single level living with a generously scaled 1625 sq.ft floor plan designed with ease of livability in mind. Comfortable spatial dynamics and ample glass doors leading to over 450' of decks lend to a thoughtful indoor / outdoor connection. A separate studio and double car garage add versatility and flexibility. This quiet and private country house enjoys a relaxed rural atmosphere with an inviting single level floor plan. (id:63159)

Values & Trends

This listing

$738/sqft

Building average

No other active listings in this building

Salt Spring average

$760/sqft

81 active listing(s)

Parking: 4 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

4

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 ElementaryElementary3.0 km
Gulf Islands SecondarySecondary3.3 km
Phoenix PlaceSecondary3.3 km
Fernwood ElementaryElementary9.5 km
Maple Bay ElementaryElementary11.7 km
Crofton Elementary Community SchoolElementary12.1 km
Galiano Community SchoolElementary12.8 km
Bench ElementaryElementary14.1 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

Shopping (1)

  • Fields659 m

Nearby places data: © OpenStreetMap contributors.

School district: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($95,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$960,000.00
Periodic payment — Principal & Interest (monthly)$6,193.59
Additional monthly expenses (strata, tax, utilities, etc.)$546.17
Total monthly cost$6,739.77
Interest paid over 5-yr term$275,138.76
Balance at end of term$863,523.10

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$95,000
Stress test qualifying rate8.09%
Payment you must qualify for$8,497.06

Cash Needed at Closing

Minimum down payment$95,000
Estimated BC PTT$22,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$118,500

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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