Property Type: Detached HouseOwnership: Freehold

2812 Southey Point Rd

Salt Spring, BC V8K1A5

$2,379,000

3 bed4 bath8 parking4,922 sqftBuilt 2000
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Property Details

Property & Lot

Sub-type
House
Lot size
7.56 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$10,332

Interior

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

Parking

Total spaces
8

Room Dimensions

RoomLevelDimensions
BathroomSecond level2-Piece
EntranceMain level3'10 x 8'8
BathroomMain level2-Piece
StorageSecond level8'10 x 17'6
OfficeSecond level14'6 x 24'7
PorchMain level6'11 x 25'0
BathroomMain level4-Piece
BedroomMain level11'0 x 11'4
BedroomMain level11'7 x 13'6
EntranceMain level7'4 x 11'7
EnsuiteMain level5-Piece
Primary BedroomMain level14'2 x 17'5
Dining nookMain level8'3 x 11'8
Dining roomMain level11'7 x 14'9
KitchenMain level11'3 x 13'4
Living roomMain level15'6 x 18'10

Listing Information

MLS®
1036133
Listed
May 12, 2026
Time on market
On the market for 111 days
Data last synced
August 28, 2026

Listing provided by: Pemberton Holmes - Salt Spring · Data source: CREA DDF.

Description

Looking for a family compound or simply room to spread out? Traditional yet modern, this beautifully finished 3-bedroom, 3-bath home is filled with natural light and offers private office space for comfortable everyday living. Complementing the home are a detached self-contained guest cottage, a separate studio building with bathroom, and a garage/workshop with large games room and bath—all thoughtfully positioned a comfortable distance from the main residence to provide privacy and flexibility. Situated on a predominantly level acreage in a highly desirable neighbourhood with nearby ocean access, the property features covered porches, sunny decks, hot tub, and peaceful outdoor spaces. Quiet, serene, and offering exceptional versatility, this is a rare opportunity not to be missed. (id:63159)

Values & Trends

This listing

$483/sqft

Building average

No other active listings in this building

Salt Spring average

$763/sqft

81 active listing(s)

Parking: 8 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

13°C

Humidity 92%

Wind SSW 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
Fernwood ElementaryElementary4.9 km
Crofton Elementary Community SchoolElementary9.2 km
Chemainus SecondaryK-129.8 km
Thetis Island ElementaryElementary10.1 km
Chemainus Elementary Community SchoolElementary10.4 km
Phoenix PlaceSecondary10.8 km
Gulf Islands SecondarySecondary10.8 km
Salt Spring ElementaryElementary11.1 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.

School district: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($475,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,903,200.00
Periodic payment — Principal & Interest (monthly)$12,278.80
Additional monthly expenses (strata, tax, utilities, etc.)$1,107.00
Total monthly cost$13,385.80
Interest paid over 5-yr term$545,462.59
Balance at end of term$1,711,934.56

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$475,800
Stress test qualifying rate8.09%
Payment you must qualify for$14,634.94

Cash Needed at Closing

Minimum down payment$475,800
Estimated BC PTT$49,370
Legal / closing costs (typical estimate)$1,500
Total cash needed$526,670

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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