Property Type: Detached HouseOwnership: Freehold

293 Canvasback Pl

Salt Spring, BC V8K2W5

$1,875,000

3 bed3 bath2 parking2,529 sqftBuilt 2024
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Property Details

Property & Lot

Sub-type
House
Lot size
0.59 acres
Zoning
Residential

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,262.26

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
Yes (1)

Exterior & Lot

View
Ocean view

Parking

Total spaces
2 — uncovered indicated
Features
Stall

Room Dimensions

RoomLevelDimensions
PatioLower level
WorkshopLower level
Utility roomLower level
BathroomLower level
BedroomLower level
BedroomLower level
Family roomLower level
EnsuiteMain level
BathroomMain level
PantryMain level
Laundry roomMain level
Primary BedroomMain level
KitchenMain level
Dining roomMain level
Living roomMain level
EntranceMain level

Listing Information

MLS®
1041417
Listed
June 26, 2026
Time on market
On the market for 66 days
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty Salt Spring Island · Data source: CREA DDF.

Description

Experience breathtaking ocean views from this recently built Scandinavian-inspired contemporary home, on a quiet cul-de-sac, in the sought-after Channel Ridge community. Thoughtfully designed to maximize the spectacular outlook, the home showcases clean architectural lines, warm wood accents and cabinetry, and a refined modern aesthetic throughout. The ideal floor plan offers convenient main-level living with an open-concept kitchen, dining and living area, along with a serene primary suite featuring an adjustable barn door, spa-inspired ensuite with walk-in shower, and a luxurious soaking bathtub. The lower level provides two additional bedrooms, a spacious family room, and an impressive bathroom with potential for a steam shower. Comfort is assured year-round with heat pumps on both levels and plumbing is in place for radiant in-floor heating. Covered under the New Home Warranty for peace of mind. Abundant storage with separate exterior access. Outdoors, flagstone patios, an inset hot tub with stunning ocean vistas, and low-maintenance perennial gardens create an exceptional natural retreat. Backing onto protected green space, with easy access to miles of hiking trails, this beautiful home offers lasting privacy and uninterrupted views for years to come. (id:63159)

Values & Trends

This listing

$741/sqft

Building average

No other active listings in this building

Salt Spring average

$760/sqft

81 active listing(s)

Parking: 2 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
Fernwood ElementaryElementary2.3 km
Phoenix PlaceSecondary5.9 km
Gulf Islands SecondarySecondary5.9 km
Salt Spring ElementaryElementary6.2 km
Crofton Elementary Community SchoolElementary7.1 km
Maple Bay ElementaryElementary12.0 km
Chemainus SecondaryK-1212.5 km
Chemainus Elementary Community SchoolElementary13.1 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

Parks (1)

  • Highbridge Village Park (Channel Ridge)577 m

Nearby places data: © OpenStreetMap contributors.

School district: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($375,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,500,000.00
Periodic payment — Principal & Interest (monthly)$9,677.49
Additional monthly expenses (strata, tax, utilities, etc.)$564.52
Total monthly cost$10,242.01
Interest paid over 5-yr term$429,904.31
Balance at end of term$1,349,254.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$375,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,534.47

Cash Needed at Closing

Minimum down payment$375,000
Estimated BC PTT$35,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$412,000

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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