2990 Southey Point Rd
Salt Spring, BC V8K1A1
$1,799,900
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 0.57 acres
- Zoning
- Residential
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Strata / maintenance fee
- $0/mo
- Annual property tax
- $7,132
Interior
- Heating
- Forced air, Heat Recovery Ventilation (HRV), Electric, Wood
- Cooling / A/C
- None
- Fireplace
- Yes (2)
Exterior & Lot
- View
- Ocean view
- Waterfront
- Waterfront on ocean
Parking
- Total spaces
- 4
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bathroom | Auxiliary Building | — |
| Bathroom | Main level | — |
| Bathroom | Lower level | — |
| Other | Auxiliary Building | — |
| Bedroom | Lower level | — |
| Office | Lower level | 7' x 10' |
| Bedroom | Lower level | 15' x 15' |
| Utility room | Lower level | 9' x 10' |
| Storage | Lower level | — |
| Family room | Lower level | 35' x 14' |
| Bedroom | Main level | 13' x 8' |
| Bedroom | Main level | — |
| Laundry room | Main level | — |
| Bathroom | Main level | — |
| Primary Bedroom | Main level | — |
| Kitchen | Main level | 15' x 11' |
| Dining room | Main level | — |
| Living room | Main level | 21' x 14' |
| Entrance | Second level | — |
Listing Information
- MLS®
- 1004320
- Listed
- July 2, 2025
- Time on market
- On the market for 425 days
- Data last synced
- August 28, 2026
Listing provided by: Macdonald Realty Salt Spring Island · Data source: CREA DDF.
Description
Calling all water enthusiasts! This well-built, upgraded 4 bedroom plus office, 3 bathroom waterfront home on a southwest-facing property with 100+ feet of frontage on the tranquil Southey Bay is in move-in condition. One can live entirely on the main level with 2 bedrooms, an office, 2 bathrooms, an open-plan brand new kitchen, and dining room with a covered deck overlooking the bay. Spread out with guests on the walk-out lower level with a family room, bedroom, bathroom as well as storage. Attached is a 2-car garage wired for EV charging, a small detached workshop, and a garden storage shed. Most unique and exciting is the 1960's boat house perched directly above the emerald green water with an adjacent boat launch sized for boats up to 20 feet. At high tide, Southey Bay appears like a sheltered lagoon, spectacular for swimming, watching island bird and marine life, boating, paddling, and kayaking. Truly one of the most usable waterfront properties on the market. ****Viewings are by appointment only.**** (id:63159)
Values & Trends
This listing
$610/sqft
Building average
—
No other active listings in this building
Salt Spring average
$762/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 |
|---|---|---|
| Fernwood Elementary | Elementary | 5.4 km |
| Thetis Island Elementary | Elementary | 9.6 km |
| Crofton Elementary Community School | Elementary | 9.8 km |
| Chemainus Secondary | K-12 | 9.8 km |
| Chemainus Elementary Community School | Elementary | 10.3 km |
| Phoenix Place | Secondary | 11.4 km |
| Gulf Islands Secondary | Secondary | 11.4 km |
| Salt Spring Elementary | Elementary | 11.7 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% ($359,980) — 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.