261 Mobrae Ave
Salt Spring, BC V8K1J7
$1,295,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 0.86 acres
- Zoning
- Rural residential
RR
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,854
Interior
- Heating
- Heat Pump, Baseboard heaters, Wood, Hot Water
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (1)
Exterior & Lot
- View
- Lake view, Mountain view, Ocean view, Valley view
Parking
- Total spaces
- 20
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Second level | 12'0 x 15'3 |
| Bedroom | Second level | 15'2 x 24'1 |
| Bedroom | Main level | 11'9 x 12'0 |
| Laundry room | Main level | 5'4 x 9'8 |
| Living room/Dining room | Main level | 12'2 x 25'2 |
| Kitchen | Main level | 10'3 x 12'3 |
| Entrance | Main level | 5'6 x 6'9 |
| Other | Main level | 9'3 x 25'3 |
| Workshop | Main level | 8'9 x 8'10 |
| Storage | Main level | 6'1 x 8'10 |
| Bathroom | Second level | 5'1 x 8'9 |
| Bathroom | Main level | 6'8 x 7'1 |
Listing Information
- MLS®
- 1040230
- Listed
- June 12, 2026
- Time on market
- On the market for 81 days
- Data last synced
- August 28, 2026
Listing provided by: Easy List Realty · Data source: CREA DDF.
Description
*** For more information, please click Brochure button. *** Feelings of peace and relaxation wash over you the moment you arrive at this beautifully maintained Salt Spring Island property. Lovingly improved and meticulously cared for, it offers the perfect balance of comfort, character, and opportunity to make it your own. Perched in one of the island’s most sought-after neighbourhoods, this .86-acre property enjoys spectacular sunset views over the Salish Sea and vistas of St. Mary Lake, distant fields, and coastal mountains. Surrounded by mature trees and abundant wildlife, the setting is both private and serene. The fully fenced backyard is designed for enjoyment and easy maintenance, featuring irrigated garden beds, a powered garden shed, woodshed, fire pit, brick patio, and a custom wood-fired cedar sauna built in 2025. The remaining grounds offer open lawn, wildflowers, mature timber, and a large level area ideal for a future shop, greenhouse, or studio. A unique bonus is the fully serviced and secluded guest retreat, home to “Daisy,” a beautifully restored vintage Travelux trailer with its own driveway—perfect for visitors, rental potential income, or creative space. Inside, soaring 14-foot vaulted ceilings, abundant natural light, exposed cedar beams, reclaimed wood accents, and thoughtful design create a warm modern farmhouse aesthetic. Extensive recent upgrades mean virtually every aspect of the home has been refreshed or improved. Additional features include a new oversized septic system (2020), engineered hardwood flooring, interior and exterior paint, upgraded electrical fixtures and receptacles, organic wool carpeting, new deck railings, workshop/tool room, insulated crawlspace, and numerous outdoor entertaining areas. Ideally located just 2 minutes from the Vesuvius ferry, 6 minutes from Ganges, and close to St. Mary Lake, sports fields, tennis courts, theatre, and shopping. A rare opportunity to enjoy island living at its finest. (id:63159)
Values & Trends
This listing
$814/sqft
Building average
—
No other active listings in this building
Salt Spring average
$759/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 |
|---|---|---|
| Phoenix Place | Secondary | 3.5 km |
| Gulf Islands Secondary | Secondary | 3.6 km |
| Fernwood Elementary | Elementary | 3.7 km |
| Salt Spring Elementary | Elementary | 3.9 km |
| Crofton Elementary Community School | Elementary | 7.4 km |
| Maple Bay Elementary | Elementary | 10.9 km |
| Queen of Angels School(Independent) | Elementary/Middle | 13.9 km |
| Alex Aitken | Elementary | 14.0 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: 8.1% ($104,500) — 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.