2875 SOUTHEY POINT ROAD
Salt Spring Island, BC V8K1A2
$4,980,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 15.05 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $18,048 (2025)
Interior
- Basement
- Full, Unknown, Unknown
- Heating
- Forced air, Combination
- Fireplace
- Yes (1)
Exterior & Lot
- View
- View
Parking
- Features
- Detached Garage
Listing Information
- MLS®
- R3094215
- Listed
- February 27, 2026
- Time on market
- On the market for 185 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Newport Realty Ltd. · Data source: CREA DDF.
Description
The south-facing "Ridge" House is an architectural icon on Salt Spring Island. With an expansive valley view, and overlooks two natural ponds connected by a seasonal creek with the mountains of Vancouver Island serving as backdrop. nestled in an array of gardens with water features, the design of the Ridge House was inspired by Frank Lloyd Wright. The extensive use of granite, flat rooflines and a rectilinear plan are true to the inspiration, while soaring windows and skylights bring light and nature inside. Renovations include a newer chefs kitchen with Miele appliances; LED lighting and updates to the master Bedroom and ensuite. Patios and decks surround the house. A pastoral setting extraordinaire. (id:63159)
Values & Trends
This listing
$1,181/sqft
Building average
—
No other active listings in this building
Salt Spring Island average
$1,202/sqft
4 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
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
| School | Type | Distance |
|---|---|---|
| Fernwood Elementary | Elementary | 5.1 km |
| Crofton Elementary Community School | Elementary | 9.4 km |
| Chemainus Secondary | K-12 | 9.8 km |
| Thetis Island Elementary | Elementary | 10.0 km |
| Chemainus Elementary Community School | Elementary | 10.3 km |
| Phoenix Place | Secondary | 11.0 km |
| Gulf Islands Secondary | Secondary | 11.0 km |
| Salt Spring Elementary | Elementary | 11.3 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: 20.0% ($996,000) — 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.