Property Type: Detached HouseOwnership: Freehold

287 Price Rd

Salt Spring, BC V8K2E9

$1,850,000

3 bed2 bath4 parking1,321 sqftBuilt 1972
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Property Details

Property & Lot

Sub-type
House
Lot size
17,860 square feet
Zoning
Unknown

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,358

Interior

Heating
Heat Pump, Baseboard heaters, Wood
Cooling / A/C
See Remarks
Fireplace
Yes (1)

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
OfficeLower level
BedroomLower level
KitchenLower level
Living roomLower level
BathroomMain level4-Piece
BathroomMain level3-Piece
BedroomMain level
Primary BedroomMain level
SunroomMain level
KitchenMain level
Living roomMain level

Listing Information

MLS®
1045124
Listed
August 7, 2026
Time on market
On the market for 24 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Salt Spring · Data source: CREA DDF.

Description

A truly unique walk-on waterfront, with a warm, almost tropical feel, surrounded by palms, yuccas, bamboo, wisteria and other lush plantings. It enjoys exceptional sun exposure, along with expansive ocean views, beautiful sunrises and sunsets. The beachfront provides easy access for launching kayaks, paddleboards and small boats, with fishing, crabbing and exploring the shoreline right from the property. Wildlife is abundant, regular sightings of seals, otters, eagles, osprey, herons, kingfishers, swans, hummingbirds and other coastal birds. The combination of sunshine, tropical-style landscaping, wildlife and direct ocean access gives the property a distinctive island-resort feel. On clear nights, the open waterfront setting also offers excellent stargazing and occasional views of the northern lights. The modest over 2100 sq. ft. home home, is located near the oceans edge and has a unfinished, separate split level, several room office/suite area. Newer septic, Maxwell lake water. (id:63159)

Values & Trends

This listing

$1,400/sqft

Building average

No other active listings in this building

Salt Spring average

$752/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.

Nearby Schools

SchoolTypeDistance
Salt Spring ElementaryElementary2.9 km
Gulf Islands SecondarySecondary3.2 km
Phoenix PlaceSecondary3.3 km
Fernwood ElementaryElementary9.2 km
Galiano Community SchoolElementary11.5 km
Crofton Elementary Community SchoolElementary12.9 km
Maple Bay ElementaryElementary13.0 km
Mayne Island SchoolElementary14.0 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)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($370,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,480,000.00
Periodic payment — Principal & Interest (monthly)$9,548.46
Additional monthly expenses (strata, tax, utilities, etc.)$595.83
Total monthly cost$10,144.29
Interest paid over 5-yr term$424,172.25
Balance at end of term$1,331,264.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$370,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,380.68

Cash Needed at Closing

Minimum down payment$370,000
Estimated BC PTT$35,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$406,500

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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